Republican presidential debates have been marked by sometimes awkward audience cheers, but former Obama administration official and U.S. Senate candidate frontrunner Elizabeth Warren got a really awkward and wild audience cheer in a Massachusetts Democratic Party primary debate when she declared that she'd use her government position to attack Wall Street. Warren stated, "Forbes magazine named Scott Brown 'Wall Street's favorite senator.' And I was thinking, that’s probably not an award I’m going to get.”
The audience erupted.
The remark was part of a broad-based attack on capitalism by Warren, who, when asked about the Occupy Wall Street protests, remarked,
The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has still been no basic accountability and there has been no real effort to fix it. That's why I want to run for the United States Senate. That's what I want to do to change the system.
Again, the Lowell, Massachusetts, audience erupted with wild applause.
Now that Congress has extended the due date for the Postal Service’s $5.5 billion pension plan payment to November 18th, various proposals to modernize and “rightsize” the service have appeared. The most comprehensive is the Issa-Ross Postal Reform Act, which endeavors to allow the service the freedom to do what needs to be done to keep it operating as a quasi-government agency.
In an interview with the Heritage Foundation, Rep. Darrell Issa (R-Calif.), a co-author of the Postal Reform Act, claimed that if these measures were instituted, the postal service could actually turn a profit of $2 to $3 billion every year, instead of losing $8 to $10 billion annually. By trimming its workforce, increasing its efficiency, and offering more revenue generating services, Issa said the postal service would become viable without any further need for government (i.e., taxpayer) bailouts.
Rep. Dennis Kucinich’s recent offering of his “National Emergency Employment Defense Act” (NEED Act) is designed to remove all money creation powers from the Fed to a newly established congressional agency, the Monetary Authority. According to Kucinich, the bill “would reassert congressional sovereignty and regain control of monetary policy from private banks [the Federal Reserve]” by placing that control into the hands of “a separate Monetary Authority made up of experts … responsible for managing monetary policy.” That Monetary Authority would advise the …
Treasury how much money is needed in the economy. Treasury [would advise] Congress how much recycled or new money is required to pay off debt (as it comes due) and supplement existing revenues to fund infrastructure renewal, grants and loans to state and local governments, education and other priorities, as appropriated by Congress.
From the actual language of the bill, it promises everything: to create full employment, to retire the national debt, to “stabilize” Social Security, to restore the authority of Congress to create and regulate money, to modernize and provide stability for the monetary system, and “for other public purposes.” In the body of the bill it reiterates that “the authority to create money is a sovereign power vested in the Congress under Article I, Section 8 of the Constitution,” and that the purpose of the act is as follows:
Bill Jasper interviews conservative writer Phil Giraldi at LPAC 2011.
On the issue of the killing of Anwar al-Awlaki, Herman Cain is demonstrating just how presidential he is by performing one of the most time-honored candidate contortions — the flip flop.
After the May 5 GOP presidential debate in South Carolina, Bob Powell of AboveTopSecret.com asked Cain if he would consider it legal for President Obama to issue a kill order for Awlaki. Cain responded, "In his case, no, because he's an American citizen."
Cain continued: "If he's an American citizen, which is the big difference, then he should be charged, and he should be arrested and brought to justice.”
Cain also stated in the same interview, “He [Awlaki] should be charged. And since he’s an American citizen, he should be tried in our courts.”
Ron Paul's new bill would get the FDA out of the business of monitoring health testimonials.
Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security's problems is not the same as calling for the abandonment of its recipients. Instead, it's a call to take actions now, while there's time to avert a disaster. Let's look at it.
The term was derived from the scheme created during the 1920s by Charles Ponzi, a poor but enterprising Italian immigrant. Here's how it works. You persuade some people to give you their money to invest. After a while, you pay them a nice return, but the return doesn't come from investments. What you pay them with comes from the money of other people whom you've persuaded to "invest" in your scheme. The scheme works so long as you can persuade greater and greater numbers of people to "invest" so that you can pay off earlier "investors." After a while, Ponzi couldn't find enough new investors, and his scheme collapsed. He was convicted of fraud and sent to prison.
The very first Social Security check went to Ida May Fuller in 1940. She paid just $24.75 in Social Security taxes but collected a total of $22,888.92 in benefits, getting back all she put into Social Security in a month.
Sam Antonio of LNN sits down with Campaign for Liberty's Shawn Dow at LPAC 2011.
Though the number of GOP presidential contenders has grown seemingly unmanageable, Republicans across the country have practically demanded the entrance of another candidate: New Jersey Governor Chris Christie. Christie, though appreciative of the vote of public confidence, has repeatedly declared he would not consider a presidential bid this time around, but his assertions seemed to fall on deaf ears. Many continued to point to various statements thought to be allusive made by Christie as evidence that he was still considering a run despite his declarations to the contrary. Just moments ago, however, Christie made yet another official statement indicating he would not run for president.
Christie scheduled a press conference in New Jersey so that he can clarify once and for all that he does not intend to seek a 2012 presidential bid. During that conference, Christie said:
I’ve been adamant about the fact that I would not run for president. My language was clear and direct no matter how many times I’ve been asked. My job here is my passion … I’m doing a job I love in a state I grew up in on behalf of some of the toughest and hardest working people I know.
President Obama took office in January 2009 with grand promises of "creating an unprecedented level of openness in Government," but with the Anwar al-Awlaki killing and an administration assassination program for American citizens, the Obama administration has taken government secrecy to new depths.
U.S. citizen and alleged al Qaeda terrorist Anwar al-Awlaki was killed by a drone strike in Yemen September 30, but the Obama administration has decided to keep his assassination program secret. Conor Friedersdorf of The Atlantic magazine summarized the situation as follows:
[T]he actual legal reasoning the Department of Justice used to authorize the strike? It's secret. Classified. Information that the public isn't permitted to read, mull over, or challenge.... Obama hasn't just set a new precedent about killing Americans without due process. He has done so in a way that deliberately shields from public view the precise nature of the important precedent he has set.