Burgess Votes To Protect American People, Does Not Support Bailout Bill

Washington, DC, Sep 29 -

Our financial markets are stressed to the breaking point and decisive action is needed to prevent further harm to our economy. This bill was not the right remedy and there are responsible alternatives. My vote today was a vote to protect the American people, which is job one in the Constitution and a responsibility I take very seriously. I cannot in good conscience support a bill that exposes taxpayers to more debt, higher taxes, and untold risk. Rewarding such reckless behavior is hazardous.

Senator McCain and House leaders, however, do deserve tremendous credit for moving the original proposal toward one that puts the interests of regular Americans ahead of Wall Street. This is the point at which we should start discussing the alternative solutions that are out there.

Ninety-nine percent of the North Texans who have contacted my office have expressed disgust for any proposal that uses $700 billion in taxpayer funds to backstop our financial markets. I couldn’t agree more.

This is not over. Congress has a responsibility to help stabilize the markets and it is my great hope we do so in the near future.
Taken from here.