Health Care, Energy Plan, Wall Street Bailout and T. Boone Pickens Giveaway would Cost Taxpayers trillions
It's always easy to spend other people's money. But Charlie Brown has a proposed spending spree that makes even his Texas oil man billionaire friend T. Boone Pickens blush. Here's a look at what Charlie would spend his constituents' money on:
$700 billion for the Wall Street bailout. Without even knowing the details of who the money was going to or how it would be repaid, Charlie endorsed Nancy Pelosi's taxpayer giveaway. [i]
$27.5 billion annually for a healthcare plan. Charlie has signed the Children's Defense Fund pledge to provide socialized health care. The figure is an average of the total federal cost of the program for the first five years. It rises to $37.265 billion a year in fiscal year 2012.[ii]
$40 billion annually for the American World Service Corps. According to their proposal to Congress, a group called the People's Lobby wants to put one million "peace" volunteers from the United States into countries around the world that are in turmoil. Brown signed on to create this taxpayer-funded international social-engineering project. It would be paid for by imposing a 3% surtax on 1.3 million American households, a 5% tax on the revenues from the estate tax, and a tax on imported goods. [iii]
$1 trillion for the T. Boone Pickens' Energy Independence Pledge. This is an attempt to give government subsidies to a Texas billionaire to develop and market his natural gas holdings. [iv]
$100 billion Charlie Brown Energy Plan. His plan calls for the U.S. government to convert from traditional to alternative energy sources in seven years.[v]
"At a time of crisis for main-street America, Charlie Brown is proposing spending billions of taxpayers' money unproven health care and energy schemes, payouts to Wall Street millionaires and subsidies to a Texas billionaire. This reckless approach would put our federal government even deeper in debt while penalizing people who work hard and pay their taxes," said Bill George, McClintock for Congress Communications Director.
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[i] Brown campaign press release, October 2, 2008
[ii] Brown campaign press release, October 8, 2008
[iii] World Service Corps website, accessed October 27, 2008
[iv] Brown campaign press release, September 23, 2008
[v] Brown campaign press release, July 22, 2008