Gov. Mark Sanford urged residents Monday to make their voices heard before Congress makes any more decisions about how to deal with the ailing economy.
Sanford said that ordinary taxpayers are being hoodwinked and that he believes using more government money to push the nation out of a financial mess is a big mistake.
“The federal government, and by extension taxpayers, are being gamed. I think it’s dangerous over the long run the way that taxpayers are being sapped, and this dynamic is playing out in South Carolina,” Sanford wrote in a letter Friday to U.S. Treasury Secretary Henry Paulson to alert him to unintended consequences in South Carolina.
The Treasury Department is to be commended on the rules it has insisted on in the bailout contracts with law firms. Perhaps the ethical mess on Wall Street will have the unanticipated effect of raising the bar for legal ethics. Read about it here:
http://college-ethics.blogspot.com/2008/11/treasurys-stringent-rules-for-bailout.html