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Support H.R. 2990 - The National Emergency Employment Defense Act of 2011
  1. Signatures
    363 out of 1,000
    Petitioning
    1. The President of the United States (+ 23 others)
      Petitioning
      close
      • The President of the United States
      • The U.S. Senate
      • The U.S. House of Representatives
      • Rep. Shelley Capito (WV-02)
      • Rep. Jim Renacci (OH-16)
      • Rep. Carolyn Maloney (NY-14)
      • Rep. Dennis Kucinich (OH-10)
      • Rep. Luis Gutierrez (IL-04)
      • Rep. Mel Watt (NC-12)
      • Rep. Gary Ackerman (NY-05)
      • Rep. Ruben Hinojosa (TX-15)
      • Rep. Carolyn McCarthy (NY-04)
      • Rep. Joe Baca (CA-43)
      • Rep. Brad Miller (NC-13)
      • Rep. David Scott (GA-13)
      • Rep. Nydia Velazquez (NY-12)
      • Rep. Gregory Meeks (NY-06)
      • Rep. Stephen Lynch (MA-09)
      • Rep. John Carney (DE-01)
      • Rep. Ed Royce (CA-40)
      • Rep. Donald Manzullo (IL-16)
      • Rep. Walter Jones (NC-03)
      • Rep. Jeb Hensarling (TX-05)
      • The Financial Institutions and Consumer Credit Subcommittee
  2. Created By
    Kevin Haake
    Lincoln, NE
About this Petition Petition Letter Petition Updates
Why This Is Important

The US monetary system, which has been in place since the Federal Reserve Act of 1913, is desperately outdated. The adoption of that act abdicated the authority of the Federal Government to create money and gave it to the private Federal Reserve system. It is time that the US modernize its monetary policies and reclaim its constitutionally granted authority to originate, spend, and lend money into circulation as needed. H.R. 2990 does just that. It replaces the current Federal Reserve system in an orderly manner, ending the Fed as we know it.

The current system, as practiced under the Federal Reserve, is a debt-based monetary system, where money comes into existence primarily through private bank lending. This can neither create nor sustain a stable economic environment, and has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse the financial system in 2008. It has also resulted in a situation where unaccountable private financial institutions have an undue influence over public policy.

H.R. 2990 creates a Monetary Authority which will pursue a monetary policy based upon the governing principal that the supply of money in circulation shall not be inflationary or deflationary in and of itself, but will be sufficient to allow goods and services to trade freely and in a balanced manner. It will maintain the long-term growth of the system, provide for efficient public investment in capital infrastructure, and effectively promote the goals of maximum employment, price stability, and long-term interest stability.

By signing this petition, we ask our elected representatives to do what they can to support H.R. 2990, the NEED Act of 2011. It is time to put America back to work. It is time to modernize our outdated monetary system so it works for all of us. It is time to pass H.R. 2990!

Why People Are Signing
Recent Signatures

Support H.R. 2990 - The National Emergency Employment Defense Act of 2011

Greetings,

As you may be aware, the outdated US monetary system has been in place since the Federal Reserve Act of 1913. The adoption of that act abdicated the authority of the Federal Government to create money and gave it to the private Federal Reserve system. It is time that the US modernize its monetary policies and reclaim its constitutionally granted authority to originate, spend, and lend money into circulation as needed. H.R. 2990, the NEED Act of 2011, does just that. It replaces the current Federal Reserve system in an orderly manner, ending the Fed as we know it.

The current system, as practiced under the Federal Reserve, is a debt-based monetary system, where money comes into existence primarily through private bank lending. This can neither create nor sustain a stable economic environment, and has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse the financial system in 2008. It has also resulted in a situation where unaccountable private financial institutions have an undue influence over public policy.

H.R. 2990 creates a Monetary Authority which will pursue a monetary policy based upon the governing principal that the supply of money in circulation shall not be inflationary or deflationary in and of itself, but will be sufficient to allow goods and services to trade freely and in a balanced manner. It will maintain the long-term growth of the system, provide for efficient public investment in capital infrastructure, and effectively promote the goals of maximum employment, price stability, and long-term interest stability.

It is time to put America back to work. Please do what you can to support H.R. 2990 - The National Emergency Employment Defense Act of 2011. I ask that you cosponsor this bill, or the Senate version of it, do what you can to bring the bill to a vote on the floor, and support it once it gets there.

Thank you for your time in this matter, and I look forward to your response and action on this important issue.

Sincerely,

[Your name]