McConnell Issues "Republican Response to Irresponsible and Unlimited Democrat Spending"

Senate Minority Leader Mitch McConnell just dropped the following flier in my lap (literally). Senator McConnell apologized for the late notice on the press conference, but stressed its importance given he did not see the need for it until "literally minutes ago." The flier reads as follows:

_________________________________________________________________________

Republican Response to Irresponsible and Unlimited Democrat Spending

• Their bill proposes that Congress authprize the Treasury Department to take over any non-bank financial institution if it deems it a 'risk'
• The Bill promises unlimited sums of money to these companies, to be authorized by the Executive Branch
• The Bill provides NO explanation of how this measure will be funded.
• Their own statement admits there is no plan to fund the bill. It may be funded by ex post facto taxes, or some other scheme they have not announced
• The Government is authorized to seize assets from shareholders without being specifically authorized by COngress or approved by the company's shareholders.

BOTTOM LINE

THIS IS A MASSIVE COMMITMENT BY THE US GOVERNMENT WITH NO PLAN TO PAY FOR IT. THIS BILL IS COMPLETELY IRRESPONSIBLE.

_________________________________________________________________________