8/6/2019 US Congress' Pre-Declined Credit Card

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• • • •a u . s . Taxpayer C red it C ard

P res id en t O bam a

P r e -A p p r o v e d * S ta tu s : PRE -DECL l NED *

O f f e r E x p ir e d o n : 5/16/2011

Pau l M u r= ph '-LY -_,

-B e lli ng ham , W A 98226 ·

P re s id e nt O b am a,

C o n gr atu la tio n s! Y o u h a ve been PR E -D EC L IN ED fo r th e U .S . T a xpa ye r C re d it C a rd ,

fo rb id d in g y o u fr om a n y a d dit io n al federa l bo rro w in g on beha lf o f U .S . T a xpaye rs .

I lo o k fo rw ard to h ea rin g fro m y ou ,

P au l M rph y

B e llin gh am , W A 9 82 26 -

P .S . I w an t y ou to know th a t I a m v ery s erio us a bo ut th is P re -Dec l i ned not i f i ca tio n . A s a

ta xp ay er a nd v ote r, I n o lo ng er a uth orize yo u to b orro w a ny m on ey o r in cre as e ta xe s to

fe ed y ou r a dd ic tio n to s pe nd in g . Y ou a re P r e -D e c lin e d!

3 E asy W ays To A cce p t Y o u r P re -D ec lin ed S ta tu s

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"B e ca u s e B a d C re d itD e s e r v e s - -N O -R e w a r d s J ! '~

C H O O S E Y O U R F A V O R IT E C A R D !

T h e "I b an kru p te d Y ou r Fa m ily "

$14 .3 T ri ll io n D e b t C a rd

T he "I 'm a s p e nd in g a dd ic t "

$113 T ril l io n U n fu nd ed lia b i li ty C a rd

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fe de ra l b or ro w in g e ve ry s e co nd c a rd

*S EE R EVE RS E FO R D ETA ILED IN FO RM AT IO N O N W HY Y OU H AVE B EEN PR E-D EC LIN ED .1533

Y ou c a n n o t O PT -O UT o f re ce iv in g P RE -D EC LIN ED n o tific a tio n s fro m U .S . T a xp ay er s. H o w e v e r ,

y o u c a n c o n fe s s y o u r a d d ic tio n to d e fic it s p e n d in g a n d J U ST S A Y "N O" T O S P E ND IN G.

8/6/2019 US Congress' Pre-Declined Credit Card

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NAT IO NAL D EB T FAC TS -- UGLY TRU TH

Fe d e ra l D e f ic it F Y 2 01 1 $1,6 00 ,00 0,0 00 ,00 0 (e s tim a t ed ) (th a t' s T R IL L I O N )

T o t a l D e b t FY 09 -11 $ 5, 136 , 8 9 8 ,13 3,9 79 .3 0 (th at 's T R IL LIO N )

S t a t u to ry D e b t L im it $14,29 4,000,000,000.00 (th a t 's T R IL LIO N , h it 5/16 /11 )

C u r re n t Fe d e ra l D e b t $1 4,3 45,51 2,2 16 ,9 8 9.03 (th a t' s T R IL L I ON )

IN TE RE ST P AY ME NT S A ND T OT AL L IA BIL IT IE S

In te re s t P a id O n D e b t FY '1 0 $ 4 1 3 ,9 5 4, 8 2 5, 3 6 2 .17 (th a t's B I L L IO N )

C u rr e n t A v g . In te re s t R a te 3 .003%

Fe d e ra l B o rr o w in g p e r S E C O N D $ 58 ,000 (th at 's E VE RYS EC O N D )

T o ta l U n fu n d e d L iab i l i t ies $11 3,8 78 ,12 8 ,9 8 7.6 3 (th a t's T R I L L IO N )

U n fu n d e d L ia b ili tie s p e r T A X P A Y E R $1 ,022 , 213 .00 ( e v e ry T A XP A Y E R is a M il l io n - d eb t o r )

S O U R C E S :re a s u ry d i r e c t .c o m , u s d e b tc l o ck .c om a n d o th e r p u b lic s ou rc e s .

ABOUT YOUR PRE -DECL IN ED STA TUSW e re g re t to in fo rm yo u th a t a fte r c a re fu l c o n s id e ra tio n w e a re u n a b le to e x te n d yo u r c re d it lim it v ia th e n at io n al d e b t c e i l ing.

T he e vid en tia ry d ata fo r y o u r p re -d e cl in ed s ta tu s is lis te d a b o v e . T h e

s im p le fa c t is , a s a m em be r o f C on g re s s y o u h a v e p a r t ic ip a te d in th e

o ng oin g f le ec in g o f th e A m er ic a n p e o p le a n d d e s tru c t io n o f o u r w ay

o f li fe th ro u g h u n c o n tro l le d s p e n d in g , e ve r-g ro w in g g ov ern m en t,

o u t - o f-c o n tro l e n t it lem en t p ro g ra m s a n d u n e n d in g d e b t.

W h i le th is p a t te rn o f ir r e s pon s ib le s p e n d in g , d e f ic it s a n d

l i be r t y- t h r e a te n in g g o v e r nm e n t e x p a n s io n h a s b e e n u n d e r w a y fo r m an y

d e c a d e s , th e le v e l o f ir re s p o n s ib ili ty in th is m a t te r a c c e le ra te d g re a tly in

th e Fa ll o f 2 00 8 a n d w a s th e n d ra m atic a l ly e x p a n d e d in th e W in te r o f 2 009 .

C re dit R e vie w N o te s:

• Y o u r C R ED IT B O RR O W IN G h as in cre as e d m o re in th e la st th re e y ea rs

(FY 2 009 -2 011) th an in th e 15 ye ars p rio r (FY 1 9 9 4-2008 ). T h is d ra m a tic

a c c e l e ra t io n o f b o rr o w in g is u n s u s ta in ab l e .

• T h e A N N U A L IN TE RE ST P A ID o n y o u ~ ~ lirr e n t o b lig a t io n s re a c h e d

$413 B IL L IO N in FY 2 010. T h is le v e l o f in te re s t p a ym e n ts h a s c r i pp led

y o u r em p l o y e r 's s t a t u s o n th e w o r ld s ta g e .

• D u r in g re c e n t e ff o r ts to " t r im" s p e n d in g th ro u g h th e C o n t in u in g

R e s o lu tio n p ro c e s s , y ou g ro ss ly o ve rs ta te d "c u ts " in s p e n d in g a t $3 0

b il l io n w he n th e C BO re p or te d th e re w ere , in fa c t, n o re al c u ts (a n d y ou

a c tu ally in c re a se d s pe n din g !) .

• B y re fu s in g to u t i li z e s ta n d ard a c c r u a l m e th o d s o f a c c o u n t in g , y o u h a v e

H ID D E N th e tr u e s c o p e o f y o u r lo n g - te rm , U N FU N D ED L IA B IL IT IE S W H IC H

N O W T OT AL M O R E T H AN $113 T R IL LIO N .

• Y OU R P RA CT IC E O F S T EA LIN G FR OM TH E S OC IA L S E C U R IT Y T R U S T

FU ND a to ta l o f $2 .572 T R IL L IO N th ro u g h FY 2 010 am ou n ts to th e

w o rs t P on zi s c he m e in h is to ry a n d s h o u ld le a d to c r im i n a l c h a r g e s .

Fo rm a l P ro ce ss in g O f Y o ur A p plic atio n :

In Fe b r ua r y o f 2009 a n A m e r ic a n g ra s s ro o ts m o v em e n t b e g a n c lo s e ly

e x am in in g a n d p ro c e s s in g y o u r a pp lic a ti o n fo r m o re c re d it a n d fo u n d

s e v e ra l h ig h - ris k fa c to rs th at in h ib it u s fro m ra is in g y o u r s p e n d in g l im i t a n y

fur th e r . A s a re s u I t:

• 6 4% o f A m e r ic a n s s u p p o r t e l im in a t in g e n t ire g o v e rnm en t

d e p a r t m e n t s, n o n e o f w h i c h y o u a re w il lin g to re m o v e . M a n y o f th e s e

d e p a r tm en ts w ill p la ce y ou in a s p e n d in g le ve l th at c a nn ot b e s u s ta in e d a t

y o u r le ve l o f re ve nu e .

• 6 9% o f A m er ic a n s o p p o s e a d d in g m ore d e b t th ro u g h th e d e b t

-ce i l i ng .-A p a rt o f o u r a p p lic a ti o n p ro c e s s re q u ire s th a t y o u a t l e a s t s h o w a

m a jo r ity s u p p o r t fo r y o u r re qu e s t . In th is a p p lic a ti o n y o u h a v e fa i le d to

p ro v id e s u ff ic ie n t p ro o f o f m a jo r ity s u p p o r t a nd th e re fo re c a n n o t b e g r a n te d

a c re d it in c re a s e .

• T w o th ird s o f A m er ic a ns p re fe r s p e nd in g c u ts o v e r ta x in cre as e s . A

c a re fu l s tu dy o f y ou r f in a n c e s re v e a ls y o u r d e b t to in c o me p ort fo lio d o es n o tjus t i fy a n in cre a s e in c re d it . I t s h o u ld a ls o b e n o te d th a t y o u h a ve re ques t e d

a ra i se in in co m e /r e v e n u e fr o m yo u r em p lo ye r (A m e r ic a n T a x p a y e r s ) a n d

y o u r re qu e s t h a s b e e n d e n ie d .

A t th is t im e o u r re v ie w o f y ou r a pp lic a t io n c on c lu de s th a t y o u a re a h ig h - r is k b o r ro w er w i th m a s s iv e u n fu n de dlia b il i t ie s a n d n o p ro v en h is to ry o f m a k in g s o un d f in a n c ia l d e c is io n s . O u r re vie w a ls o re v e a ls th a t e v e n if y o u w e re a b le

to p ro v e th a t m o re c o h e re n t s p e n d in g d e c i s ions c o u ld b e e s tab l is h e d , y o u d o n o t h a v e suf f ic ie n t re v e n u e a nd y o ur e m p l o y e r

(t h e V .s . t a x p a y e r) h a s n o in te n tio n o f ra is in g y o u r in c o m e .

W IT H A L L D U E R E S P E C T , Y O U R A P P L IC A T IO N F O R A C R E D I T IN C R E A S E IS H E R E B Y P R E - D E C L IN E D .