Entitlements

September 26, 2008 - 9:50am
PRESS RELEASE

Glading Announces Support for SAFE Commission Act in Congress

Glading Announces Support for
SAFE Commission Act in Congress

Congressional candidate says bipartisan bill
to establish an independent financial oversight
commission is good for country

BARRINGTON – Dale Glading, candidate for the U.S. House of Representatives in New Jersey’s 1st District, announced today his support for H.R. 3654, the SAFE Commission Act. Introduced by U.S. Rep. Jim Cooper (D-TN), the SAFE Commission Act would “establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and ensure a sound fiscal future for the United States.”

The SAFE Commission Act currently has 111 cosponsors in the House, including members of both parties. The incumbent in New Jersey’s 1st District, Rob Andrews, is not a cosponsor of the bill.

“Unfortunately, too many of the career politicians down in Washington are concerned only with getting re-elected and ‘bringing home the bacon,’ rather than showing real leadership for the future of our country,” Glading said. “Because those career politicians are so unduly influenced by special interests and lobbyists, we must establish a commission of experts that will determine the best approach for tackling our future tax and entitlement crises. Our children and our grandchildren deserve no less.”

“We have seen with the recent financial collapse that many in Congress cannot be trusted to do what is best for the country when forced to choose between that and the lure of campaign contributions,” Glading continued. “Mr. Andrews voted for the 1999 bill that deregulated the banking industry and allowed for this financial collapse to occur. In exchange, he received more than $1.3 million in campaign contributions from financial industry sources.”

“Rob Andrews took the money and left the rest of us – the taxpayers – holding the bag,” Glading concluded. “We must not allow this to happen again. Implementing the SAFE Commission Act and sending an honest representative down to Washington are two key steps to bringing real reform to the people of South Jersey.”

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