CRS urges Congress to preserve global food aid

In Session: Legislative Report
October 1, 2008

Catholic Charities USA urges Congress not to forget Main Street while rescuing Wall Street

The following “action alert” was issued by Catholic Charities USA on September 26:

WHAT: Congress and the Bush Administration are working to craft a rescue package for the American financial services industry. As proposed the financial services recue would allow the Treasury Secretary to buy back bad mortgage debt and increase regulation of the investment banking sector. The proposed rescue package would cost taxpayers $700 billion dollars and legislation authorizing the plan is scheduled to be completed before Congress adjourns on September 26th.

ACTION NEEDED: Click on "Take Action Now" and enter your zip code to contact President Bush and your Members of Congress and:

If Congress is going to spend $700 billion on Wall Street they can spend $50 billion of that on programs will assist low and middle-income Americans cope during these difficult economic times
The economic challenges facing our nation require an expedient and comprehensive response that includes both Wall Street and Main Street. This comprehensive economic recovery package is necessary to boost our economy and assist American citizens and businesses during this economic crisis

BACKGROUND: For Catholic Charities USA's joint letter with the Catholic Health Association and the United States Conference of Catholic Bishops, click here.

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