Rick Crawford Blasts House Congressional Leaders for Intimidation Tactics

Rick Crawford today called on Speaker Pelosi and other Congressional Democrats to cease employing abusive intimidation tactics against American companies that are required by law to report adverse financial conditions to pension funds, mutual funds, individual stockholders, and other investors that own company shares.

“At Speaker Pelosi’s direction, House Democratic committee chairmen are lining up public interrogation sessions for some of our nation’s leading job creators, including John Deere, Caterpillar, AT&T, and Verizon Communications,” said Crawford.  “Instead of attacking the great American companies who provide tens of thousands of jobs, Congress should be taking a hard look at the true costs of the new healthcare entitlement program.”

Friday House Energy and Commerce Chairman Henry Waxman and Energy and Commerce Oversight and Investigations Subcommittee Chairman Bart Stupak wrote to the heads of John Deere, Caterpillar, AT&T, and Verizon Communications requesting that the companies testify in sworn statements before Congress.  The letters request specific information about accounting methods, emails among senior company officials, and comes with the implicit threat that subpoenas would be issued for companies that refuse to comply with the Congressional request.  The information is due by April 9, 2010, and the hearings are set for April 21, 2010.

Waxman’s call for hearings came after Speaker Pelosi told Democrats to go on the “offensive” in defending and calming public doubts about the new entitlement program.

“This liberal Congress seems to be friendlier toward prisoners at Guantanamo than American job creators,” concluded Crawford.  “Especially during an once-in-a-lifetime economic recession, we should be seeking to work with businesses, not trying to cripple and intimidate them.  I believe that we would have been much better served if Congrress would have focused on creating jobs and addressing the national fiscal crisis rather than spending money we do not have on a new entitlement program for 32 million people that will only put government between us and our doctors.”

Social Security Tipping Point

The news this week from the Congressional Budget Office (CBO) about Social Security is sobering.  For the first time in the program’s history, it will pay out more in benefits than it receives in contributions.  CBO had predicted this “tipping point” would not occur until 2017.

The news highlights Washington’s untruthfulness about what it has been doing with the surpluses all these years.  In a number of stories I read about the earlier-than-expected deficit, government officials were quoted as saying the program is in no immediate danger because there is a $2.5 trillion trust fund.  Really!?  A trust fund with actual money in it?

But, of course, we all know this is not true.  The truth is that the politicians we elected through the years spent every dime of the surplus money.  Consequently, not only is the $2.5 trillion not sitting in a “trust fund” somewhere in Washington, but these same politicians spent another $12.5 trillion MORE than they had in revenue.

Unfortunately it gets worse.  The sum of the U.S. government’s unfunded promises is $56.5 trillion…and growing by roughly $3 trillion each year.  That is $340 million an hour!

What impact will this have on our economy?  Will foreign governments at some point decide lending to the U.S. is risky? Is this sustainable?  How will it impact our children and grandchildren?

The answer to each of these questions is heartbreaking.  But while our political “leaders” have not been truthful, we must also accept responsibility.  If we do not engage in the debate, if we do not rise up to elect leaders who will force Washington to change its ways, if we do not act on the principle of “government by the people,” then we will in fact leave our children and grandchildren a country in complete financial ruin.

I think it is clear that we can no longer trust professional politicians to take the bold action that is needed.  All of the other candidates in the race for Arkansas’ First Congressional District have spent their lives in politics.  Please join me in bringing real change to our government.  Not more entitlement spending that we cannot afford, not more pandering about “I’m for YOU!” but someone who will vote to put our financial house back in order so that we do not leave a catastrophe for our loved ones.

My wife Stacy and I feel passionate about this and we just can’t imagine doing this to our children.  Please join us today in making a difference.  Join my facebook page, forward this article to others you think care about our future, and, if you are so inclined, consider a small financial contribution that will help me buy radio and TV time to communicate this message to a broader audience.

Respectfully,

Crawford Chides State Democratic Party for Lurching to Change Subject from Healthcare

Rick Crawford today called Gabe Holmstrom’s PR stunt a blatant attempt to divert attention away from President Obama’s creation of a massive new entitlement program.  “Gabe is an incredibly clever political operative,” said Crawford.  “Changing the subject is something our politicians and their spinsters have been doing for far too long.  Instead of talking about the fact that every man, woman, and child in America each owes $184,000 as their share of the unfunded promises our politicians have made, Mr. Holmstrom wants to talk about the President’s birth certificate.”

“The sad fact is that Congressman Berry, who voted for and against this massive new entitlement program, wants to avoid addressing the long-term financial problem facing our country,” continued Crawford.  “While he talks about balancing the budget back home, he has enabled Speaker Pelosi and President Obama to push through a massive new entitlement program that will use taxpayer money to pay health insurance premiums for 32 million Americans.  We need elected officials who will stand up and say, ‘STOP!  Stop digging the hole deeper.’  We need an elected official who will stand up to say our government will not expand or create any new government programs until we restore fiscal soundness.  If we do not do this, our children and grandchildren will pay taxes that are double or triple what we pay today…and that is the best-case scenario.”

Healthcare Vote Highlighted Leadership Void

As I watched last night’s healthcare debate, and the final vote that will enact a new massive entitlement program, I couldn’t help but think about how we got here.Unfortunately, Republicans and Democrats alike have failed us in recent years. Ethical violations, special interest deal-making, and saying one thing while doing another has led to the lowest approval rating of Congress in the modern era.

The primary reason why Republicans were unable to prevent passage of this multi-trillion dollar entitlement program is because they had played the same games when they were in power. Simply put, when you are a two-faced hypocrite, people don’t care what you say.

Folks, we need leadership. We need people who will go to Washington swearing on their life that they will fight the budget and process gimmickry regardless which party seeks to employ it. Country first, party second…period.

Our nation is truly at a crossroad, and I am not sure many have an appreciation for the trouble in which our republic finds itself.  Yes we now have $12 trillion in debt that has been piled up by both political parties. Yes our deficit, the yearly shortfall that adds to our total debt, has been averaging more than $1.5 trillion.  But what our “leaders” rarely talk about is the $56.5 trillion we have in total unfunded promises.

Add it all up and it equates to $184,000 for every man, woman, and child in America. While anyone with common sense would know that we must stop digging the hole deeper, last night Congress used a nuclear bomb to blast the hole even deeper.  And guess who gets to pay for it?

As I pondered this question myself, I realized that what we are doing is quite disturbing. Each generation leaves an inheritance for the next – usually a house, some land, etc.  In our case, we are leaving a brand new, 20,000 square-foot multi-level mansion. In the basement, however, is a dirty bomb of unpaid bills that will obliterate our kids and grandkids not long after we have slipped into the by-and-by.  While some may draw comparisons to certain spine-less acts of war, it really boils down to the superlative form of Selfishness.

Our elected officials have abandoned the founding principles that made our country great. If we are to return to these principles, and avert devastation for our kids and grandkids, then we must not only vote the self-serving hypocrites out of office in November but replace them with men and women who will swear to restore fiscal discipline.

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