Where's Wally Herger on Fiscal Responsibility?
The TARP (Troubled Asset Relief Program) Bill
Rep. Herger voted for the $700 billion Troubled Asset Relief Program (TARP) bank bail-out bill before he turned against it. Kind of reminds me of Senator John Kerry's much publicized quote regarding his support of the Iraq War when he said, "I voted for it before I voted against it".
Wally conveniently ignored the conservative value of fiscal responsibility even though constituents were 100-1 against passage of the bail-out bill.
Rep. Herger's actions saddled future generations with the cost of this unconstitutional bail-out, along with a mountain of increased debt.
So is this really the kind of leadership you want?
Medicare Part D Prescription Drug Unfunded Benefit
Rep. Herger voted in favor of the Medicare Part D Prescription Drug unfunded benefit. This benefit covers only the costs of prescription drugs for Medicare recipients.
Experts say this unfunded entitlement will cost taxpayers $1.2 trillion in its first decade of operation.
And, according to the Chico News & Review,
the "...cost of Part D is going up because the law explicitly forbids the government from using its volume purchasing power to negotiate lower prices with Big Pharma." And, not only that, "...Part D has been financed entirely by deficit spending...".
Well, it's one thing to 'talk the talk'. Quite another to 'walk the walk'.
What hypocrisy! And Wally now has the audacity to complain about the out-of-control spending by democrats.
So, is this really the kind of leadership you want?
Source: Chico News & Review
'Representing' His Constituency's Fiscal Opinion
From The Record Searchlight:
"U.S. Rep. Wally Herger, who bucked many of his constituents' wishes last year by voting to spend billions of dollars to bail out struggling financial institutions, today voted against additional restrictions on how the remainder of the money will be spent."
"But the Chico Republican said his no vote came because he didn't support releasing the rest of the bailout dollars to President Barack Obama in the first place."
"The House today approved legislation setting goals and limitations on the federal government's use of the remaining $350 billion in the financial bailout fund."
"The vote came after the Senate last week agreed to release the second half of the $350 billion in bailout funds to the Obama administration."
"The House's legislation requires that $40 billion to $100 billion be used to reduce the number of mortgage foreclosures. It also places executive pay restrictions on financial institutions that receive the money."
"It passed by a vote of 260-166, with Herger one of those voting no."
So, is this really the kind of leadership you want?
Source: The Record Searchlight, Ryan Sabalow, January 21, 2010 - www.redding.com
