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.
With Ron Paul’s bill H.R. 459, the Federal Reserve Transparency Act, headed for a floor vote in the House in the next two weeks (and likely success at passage with 263 sponsors), he and his son Sen. Rand Paul (R-Ky.) are now focusing on the Internet.
His Campaign for Liberty (C4L), started in 2008 with some four million dollars of campaign funds from his unsuccessful run for the White House that year, has issued its manifesto to continue the fight: “The Technology Revolution: A Campaign for Liberty Manifesto.”
Senator Rand Paul (R-Kentucky) has proposed legislation to force Senators to read bills before they vote on them.
Battling over a transportation bill that now also addresses student-loan interest rates, congressional lawmakers are scrambling to appease their constituents in a legislative boondoggle littered with election-year politics. Aimed for final passage this week, the legislation intends to extend federal highway funding, prevent new student-loan interest rates from doubling, renew and revise federal flood insurance, and a slew of other provisions.
If Congress does not reach a decision by Saturday, the federal government’s ability to administer road, mass transit, and other transportation-related programs will be vanquished, along with its authority to impose the gasoline taxes that subsidize most of those programs.
The Pension Benefit Guaranty Corporation is underwater by $26 billion. But a small premium increase will fix things up just fine. When the Pension Benefit Guaranty Corporation (PBGC)’s president, Josh Gotbaum, announced that the bankruptcy of AMR (the parent company of American Airlines) wouldn’t impose additional demands on PBGC’s already flimsy financial statement, his relief was nearly audible:
It is great progress and good news that American recognizes that can reorganize successfully and preserve its employees’ pension plans.
We’re also glad the company is willing to work with us to preserve their pilots’ plan too.
The House Oversight and Government Reform Committee voted along partisan lines to bring contempt charges against Attorney General Eric Holder June 20 by a vote of 23-17 over the Attorney General's refusal to conform with subpoenas related to the "Fast and Furious" gun-walking scandal. The Obama White House had claimed “executive privilege” over the documents earlier in the morning.
A week ago both Mississippi Republican senators, Thad Cochran and Roger Wicker, announced their support of S.B. 2205 — the Second Amendment Sovereignty Act of 2012 — that would allegedly protect American citizens from any abrogation of their Second Amendment rights if the UN Arms Trade Treaty was signed by Secretary of State Hillary Clinton in July. That makes a total of 17 senators who are supporting the bill.