Thomas R. Eddlem
The U.S. Supreme Court definitively reaffirmed its 2010 Citizens United v. FEC decision in a 5-4 ruling that struck down a Montana state law banning independent expenditures on behalf of political candidates by corporations. The Supreme Court ruled that the law violated the First Amendment to the U.S. Constitution, which guarantees the freedoms of speech, press, and assembly.
The Montana law the court struck down in the case American Tradition Partnership, Inc. v. Bullock had required that a “corporation may not make ... an expenditure in connection with a candidate or a political committee that supports or opposes a candidate or a political party.”
Many Americans are justifiably anxious about drone use by the federal government against the American people, but the New York-based Council on Foreign Relations says that concerns about our privacy are overblown.“While many are understandably anxious about the seemingly inevitable expansion of drones a cross the United States, I argue that many fears are either overblown or based on misperceptions,” wrote Micah Zenko on the Council on Foreign Relations website June 21.
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.
The recent public-employee union controversy in Wisconsin is part of a global phenomenon, and every U.S. government unit will face the same crisis. Governor Walker stood up to the teachers' union in his state by saying that he wouldn't back automatic pay increases for teachers and other public workers that had increased state costs.
The Wisconsin controversy is only a taste of what is to come, especially if this nation continues to pile on debt and pay ever-more in interest on that debt.
While all of the mainstream press focuses upon the phony horse-race between Barack Obama and Mitt Romney for president, many Americans may be surprised to find that they will have several choices on their ballots in November. One of those other choices is the Constitution Party presidential candidate Virgil H. Goode, Jr. and his vice presidential running mate, attorney Jim Clymer.
Texas Republican Congressman Ron Paul emerged from the Iowa state convention with a clear majority of the delegates being sent by the state to the GOP national convention in Tampa in August. Paul won 21 of the 25 contestable delegates, and will have 23 of the 28 total delegates Iowa will send to Tampa.
As the Greek economy descends into political and economic chaos, it's only natural for Americans to wonder how the United States can avoid such a catastrophe. Greece is descending into a debt vortex from borrowing too much, and can no longer keep up with domestic demands for social welfare payments.
The debt abyss is an economic reality already known to millions of American families who made risky bets on the housing market just before the economic crash, or racked up massive credit card debt. Those families know that the solution to restoring a sustainable and prosperous future is not to keep on spending wantonly, but to make painful lifestyle adjustments that cut spending drastically and begin to pay off the debt. A nation, like a family, that lives above its means for a time must eventually live beneath its means to pay off the debts.
A Ron Paul supporter was arrested and emerged with broken fingers and another was reportedly given a dislocated hip after a June 2 Louisiana Republican convention split into two separate groups. According to Hamdan Azhar at PolicyMic.com, the majority convention backed Paul, and the Texas Congressman will send 27 of 46 Louisiana delegates to the Republican national convention this summer in Tampa. However, GOP establishment forces — who constituted a minority of the delegates in attendance — pledged to send a different, less Paul-friendly delegation to Tampa despite opposition by local Romney campaign officials.
Again calling on the specter of controlling high healthcare costs, the food police are coming, and in some states so are the exercise police. But that may only be the beginning.
Peter Schiff's latest book, The Real Crash: Americans Coming Bankruptcy -— How to Save Yourself and Your Country, is a treasure trove of economic wisdom and policy proposals. Americans ignore the valuable insights of Peter Schiff at their own peril.