In his last public opportunity to quiz Federal Reserve Chairman Ben Bernanke, who appeared before the House Financial Services Committee on July 18, Texas Congressman and Republican presidential candidate Ron Paul took the time to put things into perspective.
The Obama administration’s push for Senate ratification of the Law of the Sea Treaty (LOST) in 2012 appears to have been stymied by Republican opposition. According to the Daily Caller, 34 Republican Senators have now stated that they will not vote to ratify the treaty, which gives the United Nations control over 70 percent of the Earth’s surface. Therefore, if the treaty is brought up for a vote before the full Senate and all those now opposing it remain steadfast, it will be defeated.
"With 34 senators against the misguided treaty, LOST will not be ratified by the Senate this year," wrote Sen. Jim DeMint (R-S.C.), who has been leading the charge against LOST.
When Federal Reserve Chairman Ben Bernanke appears tomorrow before the House Financial Services Committee, he’ll be facing, for the final time, his nemesis, Representative Ron Paul (R-Texas), author of End the Fed.
The U.S. Senate rejected a cloture motion to end debate and pass the “Disclose Act of 2012” July 16 on a nearly party-line 51-44 vote, which would have required disclosure of donors who give to independent political causes when those independent organizations use $10,000 or more in an election cycle in communications that mention a political candidate.
A treaty that gives the United Nations “authority over everything, over, on, in, and under the oceans and seas of the world” (in the words of The John Birch Society’s Larry Greenley) is inching ever closer to defeat in the U.S. Senate. According to The Hill, 30 Republican Senators have now signed a letter being circulated by Sen. Jim DeMint (R-S.C.) stating that they will “oppose … ratification” of the Law of the Sea Treaty (LOST). In addition, reports Examiner.com, Sen. Johnny Isakson (R-Ga.), has indicated that he plans to vote against the treaty, though he has not yet signed DeMint’s letter.