On March 15, Rep. Ron Paul (R-Texas) introduced H.R. 1098, better known as the “Free Competition in Currency Act of 2011,” which would repeal the legal tender laws in the United States Code (Section 5103 of Title 31). In its elegant simplicity (the bill is only three pages), it would be the first step to restoring a sound currency by allowing American citizens to choose which currency among competing currencies works best for them.
One of the terms of the recent debt ceiling deal between Congress and the White House was that Congress would vote on, but not necessarily pass, a Balanced Budget Amendment to the Constitution. The deal did not, however, specify the language in the amendment, giving legislators plenty of opportunities to sneak in loopholes that might very well render any amendment that does pass meaningless.
Almost everyone is aware that the federal government pays farmers not to grow certain crops. But not many know that taxpayers are also being forced to pay airlines to fly empty planes. It’s true. According to the Associated Press, the $200 million federal Essential Air Service (EAS) program subsidizes airline service to less populous areas of the country; and because it does so on a per-flight — not per-passenger — basis, airlines sometimes fly empty planes back and forth just to keep the free funds flowing.
In voting to hike the federal debt limit, Republicans in Congress have violated more than one of their campaign promises. One of the vows they broke was articulated in the House Republicans’ 2010 “Pledge to America” under the heading “Our Plan to Restore Trust”: “We will ensure that bills are debated and discussed in the public square by publishing the text online for at least three days before coming up for a vote in the House of Representatives.”
The New American has published its first “Freedom Index” for the new (112th) Congress. The index, published four times each two-year congressional term, rates all members of the House and Senate based on their adherence to constitutional principles of limited government, fiscal responsibility, national sovereignty, and a traditional foreign policy of avoiding foreign entanglements.