|Sent on:||Monday, April 8, 2013 11:22 AM|
I have posted a petition to hold congress responsible for our massive federal deficits on Whitehouse.gov.
Below is the link to the petition. It holds Senators and Representatives responsible for our current massive deficits by reducing their salaries.
Petition: Reduce congressional pay by the percentage of the annual federal budget deficit over total federal revenue.
Federal deficits are destroying our country. In 2008 the national debt was $10 trillion. It is now over $16 trillion. The Federal Reserve is monetizing these deficits by printing $85 billion a month, over $1 trillion a year. In 2008 the money supply was $800 billion. Today it is over $3 trillion. Senior citizens are being robbed of their retirement savings, working families of the value of their paychecks and our children of their futures.
Senators and Representatives should be held responsible for these massive deficits. The current congressman's salary is $174,000. This petition proposes to reduce the salary by the percentage of the annual deficit over revenue. In 2012 the deficit was $1.1 trillion, revenue was $2.4 trillion, or 46%.
This petition would reduce this year’s Senators' and Representatives' salaries by 46%, or $80,000 and all future salaries until a balanced budget is achieved.
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