One of the expert witnesses testifying before Ron Paul’s Domestic Monetary Policy and Technology Subcommittee on Tuesday was Dr. Lawrence H. White, professor of Economics at George Mason University. His written testimony submitted to the committee reinforced the case for Paul’s bill, HR 1098, the “Free Competition in Currency Act of 2011” by outlining its benefits in introducing freedom of choice into the realm of currencies.
Taking a notably different tack from fellow Republicans in the House of Representatives, Senate Minority Leader Mitch McConnell (R-Ky.) “fiercely attacked President Barack Obama’s new jobs plan Tuesday,” according to Politico. While House Republicans have taken what Rutgers University political science professor Ross Baker, in an interview with Congressional Quarterly, called a “tactically polite” approach to Obama’s $447 billion bill, McConnell came out swinging against it.
Presidential candidate Rick Perry (left) opined in the first Republican debate that Social Security is a �failure� and a �Ponzi scheme,� and then reiterated the charge in the second debate on Monday night. At the first debate, Perry said Social Security is a �Ponzi scheme for these young people. The idea� that the current program is going to be there for them is a lie.� When pressed by the moderator, Perry reiterated, saying Social Security is a �monstrous lie to our kids.�
Growing dissatisfaction with the nation's economic woes appeared to trump fears of cuts to Social Security and Medicaid in special elections for U.S. House seats in New York and Nevada, as Republicans held on to a seat in a solidly Republican district in Nevada and trounced the Democrats in an overwhelmingly Democratic district in the Empire State.
Another federal judge has ruled that Obamacare’s key individual mandate is unconstitutional. Judge Christopher C. Conner of the U.S. District Court in Harrisburg, Pennsylvania (left), ruled on Tuesday that the federal government cannot mandate American citizens to purchase health care. The ruling addressed one of more than 30 lawsuits nationwide that have been filed against Obamacare since it was signed into law in March 2010.