Bail-outs: Prohibits any bill from being introduced to the US House or US Senate that bails out any...

...business, industry, or state, local or foreign government.  It also prohibits any federal agency (including the Federal Reserve) from doing so without congressional approval – which it will never receive because such a bill would then be prohibited from being introduced to either US Chamber of Congress.  If a federal agency violates this law, the director of the agency goes to federal prison for five years without chance of parole or presidential pardon.  [Bail-outs rob taxpayers and reward people who make bad business and government decisions.  The worlds of business and government must know that it can never again turn to the US government to bail itself out.  Secure in this knowledge, businesses will adjust to the new reality and industry leaders will know their position as King of the Hill is not guaranteed.  They are NOT “too big too fail” but can fail like any of their smaller competitors.  Capitalism without a chance of failure isn’t capitalism but socialism (i.e., government taking over the means of production).  And bankruptcy doesn’t mean a company’s assets are thrown into the furnace.  It means those who are willing to try to make them profitable again can purchase them so new and better business management can hopefully be placed in charge of these assets.  But for that to happen, government must get out of the way and let the markets correct themselves.  The marketplace will do so quickly and efficiently.  Government only prolongs the misery and robs taxpayers.  State, local and foreign governments will also know that they will have to fix their own problems and not be able to force US residents not living in their domain to bail them out.]

Future Challenges: In US states that allow citizen-initiated state-wide referendums, the first radio talk show host to champion this challenge and:

1) Help spearhead a state-wide citizen-initiated referendum drive within her/his state that would immediately put an injunction on any federal, state, or local bail-out to any corporation within the state and then tax that bail-out at 110%.  If her/his state allows people to sign petitions online, the host/ess has a way for people to sign the petition at the show's website.  If her/his state doesn't allow online petitions, the show's website has a way for people to request referendum workers come to their homes so they can collect the person's signature and then the host/ess encourages her/his listeners to go to the show's website and make the request.

2) By way of Future Challenge #1, the host/ess is able to collect at least the minimum number of signatures needed to get the referendum on the state's ballot.

3) By way of Future Challenge #1, the host/ess is able to collect more than enough signatures that if they were votes in the next state election, the referendum would win.

4) By way of Future Challenge #1, the host/ess is able to collect more than enough signatures that if they were votes in the next state election, the referendum would win in a landslide (winning by at least a 2-to-1 margin).

Discussion:
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