PRINTER'S NO. 4046
No. 823 Session of 2008
INTRODUCED BY PASHINSKI, GEORGE, THOMAS, SCAVELLO, BRENNAN, CALTAGIRONE, CLYMER, CONKLIN, DALEY, DeLUCA, EVERETT, FREEMAN, GIBBONS, GOODMAN, HELM, HERSHEY, HORNAMAN, JAMES, KIRKLAND, KORTZ, KOTIK, MAHONEY, McILVAINE SMITH, PARKER, PAYNE, PHILLIPS, RAMALEY, READSHAW, RUBLEY, SAYLOR, SIPTROTH, SWANGER, VULAKOVICH, WOJNAROSKI AND J. WHITE, JUNE 25, 2008
INTRODUCED AS NONCONTROVERSIAL RESOLUTION UNDER RULE 35, JUNE 25, 2008
A RESOLUTION 1 Encouraging Pennsylvanians to purchase United States savings 2 bonds and United States Treasury notes for the common good of 3 this Commonwealth and the United States of America. 4 WHEREAS, Americans are experiencing the full effects of 5 rapidly increasing energy costs, rising inflation and a 6 nationwide housing credit crunch; and 7 WHEREAS, As a result, Americans' hard-earned dollars do not 8 have the same purchasing power as they did just a year ago; and 9 WHEREAS, Pennsylvanians and all Americans, unlike foreign 10 investors, have a social and financial stake in the strength of 11 the dollar; and 12 WHEREAS, Americans have historically banded together to 13 support our economies and one another during the War for 14 Independence, the Second World War, the Great Depression and the 15 terrorist attacks on September 11, 2001; and 16 WHEREAS, The United States Government's history with the sale
1 of securities to the public dates back to the War for 2 Independence, and the purchase of these securities displayed 3 that colonial Americans trusted that their new, fledgling 4 government would repay its obligations in full and on time; and 5 WHEREAS, Then, as now, purchasing United States savings bonds 6 demonstrates the belief of Pennsylvanians and Americans in the 7 full faith and credit of our nation; and 8 WHEREAS, The public purchases of these securities have 9 historically helped to launch such efforts as the purchase of 10 the Louisiana Territory, the purchase of the State of Alaska and 11 even the construction of the Panama Canal; and 12 WHEREAS, The current state of the economy is heavily 13 supported by interests whose livelihoods are not inextricably 14 tied to the health and value of the dollar and, that even during 15 this time of economic struggle, Pennsylvanians should make every 16 effort to invest in their country and this Commonwealth; and 17 WHEREAS, Patriots are often considered to be those who do not 18 do what is easy, but what is right and democratic; therefore be 19 it 20 RESOLVED, That the House of Representatives urge all 21 Pennsylvanians to purchase United States savings bonds and 22 United States Treasury notes in an effort to demonstrate to the 23 world's economies that Pennsylvanians and Americans alike have 24 faith in their nation and the quiet strength to stabilize, 25 reclaim and improve the currently unsettled economy. F23L82AJM/20080H0823R4046 - 2 -