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The Liberty Blog eLetter

The Newsletter for Independent, Conservative Political Activists
In This Issue
End Ethanol Subsidies
Gov't Shut Down and Debt
Answering Bernanke and Geitner


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The Liberty Blog is For the Independent Activist centered on Individual Liberty, Constitutional Limited Government, Rule of Law,  Free Market, Common Sense Fiscal Policies, and Personal Responsibility as applied in the real world of Pennsylvania politics.




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BobGuzzardi@BobGuzzardi.com
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Greetings!

 

 

Senator Pat Toomey is centered on Constitutional Limited Government, Economic Freedom, Checks and Balances and Separation of Power, the Rule of Law, and Personal Responsibility.  The three blogs below demonstrate the common sense positions he takes. Sen Toomey's web site is source of substantive policy information. Senator Toomey's Official Website is here.

 

 

You can view more posts on my blog

 

Bob Guzzardi, independent of any candidate, campaign or organization.  This message has not been approved by anyone but me.

 

End Ethanol Subsidies

  

 

 

    

 

 

 

 

In accord with his message of Economic Freedom, Pat Toomey with clarity and coherence explicates his opposition to Ethanol government subsidies which, by government fiat, misallocate resources.

 

Legislation cosponsored by U.S. Senator Pat Toomey (R-Pa.) to end ethanol subsidies passed the U.S. Senate this afternoon by a wide bipartisan margin, 73-27.  

  

The Ethanol Subsidy and Tariff Repeal Act (S. 871) will repeal the Volumetric Ethanol Excise Tax Credit, a subsidy companies receive to blend ethanol with gasoline. Sens. Tom Coburn (R-Okla.) and Dianne Feinstein (D-Calif.) offered this bipartisan legislation as an amendment to the Economic Development Revitalization Act (S. 782) currently being considered in the Senate.

 

For more on the perfidious intended and unintended consequences of this politically popular government subsidy, please read

Ethanolics Anonymous

 

 

 

 

Government Shutdown and Debt Ceiling

 
 
 

The strategy that Republican Senator Pat Toomey, Republican US Representatives Mike Fitzpatrick, Jim Gerlach, Pat Meehan and many conservatives like Jeb Hensarling and Tom Price, M.D., (interestingly Democratic US Rep. Allyson Schwartz also voted for this CR) and Republican leadership is using can be, I call "Selective, Sequential Shutdown", that is, rather than across the board shutdown, various programs are analyzed for effectiveness and the cost-benefit.

 

It seems reasonable strategy to me and, certainly, is no betrayal of any campaign promise. I do think the Liberal Democrats will provoke a shutdown and it will be because they refuse to reduce spending as the voters, clearly, communicated last November.

 

The Morning Call Pennsylvania Avenue reports "Sen. Pat Toomey, after joining a majority of his colleagues to keep the government funded for three more weeks, said his support for the stopgap measure did not come easily. The bill passed 87-13."

  

 


 

 

Pat Toomey Answers Ben Bernanke/Tim Geitner

 

 

 

  

As Obama Administration, Treasury Secretary Geitner, and apparently independent Federal Reserve all use scare tactics to push for breaking the Debt Limit. What is their limit, if any, to debt to be incurred and imposed on the American Forgotten Taxpayer?  

 

Sen. Toomey's Statement On Chairman Bernanke's (Sec. Geitner's ) Debt Limit Comments

 

"As I've said from the start, it is clear that the Treasury Department can prioritize debt service and still fund principal and interest payments on our debt obligations after we hit the debt limit," Sen. Toomey said. "Absolutely nothing in Chairman Bernanke's comments today refutes this important point.

 

Please read also, Pat Toomey's Call on Administration to Rule Out Possibility of Default   

  

From the web site of the Board of Governors of the Federal Reserve: Chairman Bernanke's policy statement on Debt Ceiling.

 

The Left Liberal Big Government Huffington Post Business, also, reports on  Chairman Bernanke's statement on Debt Ceiling as does the Center Right Wall Street Journal