Contact your Elected Officials
November 10, 2008 by Danny Sillivant · Leave a Comment
COLUMBIA — Gov. Mark Sanford called on South Carolinians Monday to let their federal elected officials know where they stand on bailout plans.
The Republican governor criticized the way Congress has handled oversight of the recently passed bailout bill and other decisions to inject government money into the economy. Sanford said it people who play by the rules will end up suffering and warned of some officials who are “gaming the system.”
He also sent a letter to U.S. Treasury Secretary Henry Paulson to urge Paulson to take necessary steps to prevent taxpayers being exposed to additional and unnecessary liability from the bailout.
“In the rush to ‘do something’ about the turmoil in the credit markets, Congress has failed miserably in keeping an eye out for the taxpayers and watching for unintended consequences of this bailout,” Sanford said in a statement. “To put it simply, taxpayers are getting gamed. While we continue to believe that the bailout was an incredibly bad idea in the first place, it’s being made worse by loose rules and oversight that are putting taxpayers on the hook for billions more. I’d urge every South Carolinian to make their voices heard to Washington, D.C. about the need for real oversight of the bailout going forward.”
