Some newly elected Republicans came to the House of Representatives with a very clear agenda: to change the course of Washington politics. One measure by which they plan to do so is to target the various “czars” serving in the Obama administration.
The Securities and Exchange Commission is preparing to investigate the State of California for alleged failure to disclose information on its enormous public pension fund. The Golden State will be the second ever to have enforcement actions taken against it by the SEC, after New Jersey was charged with securities fraud last year. The SEC is attempting to make the case that California’s public pension funds were a risky investment and that California misled the investors about the risk. If the SEC is able to prove their case, it may have an impact on the financial reporting of other public funds. The New York Times reports:
Is Michelle Bachmann running for president? Considering…. yes, her office confirmed on January 5th, she was considering a run. If so, then the Congresswoman brings something different from most other potential Republican candidates whose names have been floated: She has been elected from a very “progressive” state, but Michelle Bachmann has remained as true to the principles of limited, constitutional government as any member of Congress. That ought to mean a lot to those of us interested in truly draining the swamps of the Potomac. Consider other potential candidates.