April 9th, 2008
WASHINGTON , DC – Congressman Ron Paul deserves applause for a pro-taxpayer voting record last year, according to the 362,000-member National Taxpayers Union (NTU). The nonpartisan citizen group announced that Congressman Paul was one of only a few dozen lawmakers in the House and Senate to win the 2007 “Taxpayers’ Friend Award.”
“While many Members of Congress talked about reducing the size of government last year, Congressman Ron Paul backed up those words with votes,” NTU President Duane Parde said. “This award proves that Congressman Paul is a staunch ally we can count on in our battle to restore fiscal responsibility to Washington .”
The award is presented to those Members who achieve an “A” grade in NTU’s annual Rating of Congress. The Rating, which is based on every roll call vote affecting fiscal policy, assigns a “Taxpayer Score” to each Member of Congress that indicates his or her support for reducing or controlling federal spending, taxes, debt, and regulation.
“If every Member of Congress had voted as responsibly as Congressman Paul did in 2007, Americans could have enjoyed much lower taxes and less waste in government,” Parde concluded. “Overburdened taxpayers in Texas and across the nation owe him a debt of gratitude for his hard work on their behalf. He has truly earned the title ‘Taxpayers’ Friend.’”
NTU is a nonpartisan, nonprofit citizen group founded in 1969 to work for lower taxes, smaller government, and economic freedom at all levels. Note: The 2007 Rating and a searchable Rating database from 1992 to 2006 is available at www.ntu.org. For questions about the Rating, its history, or methodology, please contact NTU Vice President for Policy and Communications Pete Sepp or NTU Communications Manager Natasha Altamirano at (703) 683-5700.
Posted in Press Releases | Comments Off
Similar posts:
April 9th, 2008
Mr. Chairman, I would like to submit several questions to the panel. I know there will not be enough time to answer these, but I want to get them into the record.
Why should the American people continue to support a war that was justified by false information, since Saddam Hussein never aggressed against the United States , Iraq had nothing to do with 9/11, and Iraq had no weapons of mass destruction?
It is said that we must continue the war because we have already sacrificed so much. But what is moral about demanding even more needless sacrifice of human lives merely to save face for the mistakes of invading and occupying Iraq ?
Doesn’t it seem awfully strange that the Iraqi government we support is an ally of the Iranians who are our declared enemies? Are we not now supporting the Iranians by propping up their allies in Iraq ? If (Iraqi Prime Minister) Maliki is our ally and he has “diplomatic relations” with (Iranian President) Ahmadinejad why can’t we? Why must we continue to provoke Iran , just looking for an excuse to bomb that country? Does our policy in Iraq not guarantee chaos for years to come?
It is estimated that up to 2,000 Iraqi soldiers refused to fight against al-Sadr’s militia. Why should we not expect many of the 80,000 Sunnis we have recently armed to someday turn their weapons against us, since they as well as the Mahdi Army detest any and all foreign occupation?
Is it not true that our ally Malaki broke the ceasefire declared by al-Sadr by initiating the recent violence? Is it not true that the current ceasefire was brokered by the Iranians, who also condemned the attacks on the “Green Zone.” How can we blame all the violence on the Iranians?
Is it not true that with the recent surge in violence in March, attacks are now back at the same levels as they were in 2005?
Does Iran not have a greater justification to be involved in neighboring Iraq than we do, since it is 6,000 from our shores? If China and Russia were occupying Mexico how would we react?
Since no one can define “winning the war,” just who do we expect to surrender? Does this not mean that this war will be endless since the political leaders will not end it – until we go broke, and maybe that’s not be so far off?
Posted in Speeches and Statements | Comments Off
Similar posts:
April 2nd, 2008
I have never been opposed to regulation, although my idea of regulation differs from that of many people in Washington. The free market and its forces of supply and demand are the most effective regulator of the private sector, and have never been known to fail absent government intervention. But piling more public sector regulation on the private sector will have a detrimental effect on the health of our financial system and sow the seeds for the next financial meltdown.
What we in Washington should be discussing is increased regulation and scrutiny of public sector regulatory and oversight agencies such as the Federal Reserve Board, the SEC, and others. The Federal Reserve’s actions got us into at least one depression in the last century, and have led to continued cyclical difficulties, including the current economic slowdown.
Back in the 1970s, government-caused inflation reached levels high enough that the Nixon administration decided to implement wage and price controls. Placing blame on greedy speculators, unscrupulous mortgage originators, or panicky investors, is a common reaction on the part of government.
The solution called for, despite the numerous documented failures of government regulation, is always more regulation, more government involvement in and control over the economy, and less free enterprise. Never is the blame placed squarely where it belongs, which is on the shoulders of legislators and regulators whose actions distort the market, prohibiting legitimate market activities and encouraging the development of labyrinthine and opaque financial schemes.
The latest regulatory plan from the Treasury Department, with the potential to turn the Federal Reserve into a super-regulator overseeing state-chartered banks, bank holding companies, and acting as a guarantor of market stability, is another in a long line of half-baked government responses to financial difficulty. Recession after recession has not impressed upon government leaders the reality that the Federal Reserve’s monetary policy activities are what lead to market instability.
The business cycle, contrary to what Secretary Paulson and others seem to believe, is not endemic to the free market. It is always and everywhere the result of monetary inflation and subsequent malinvestment, which when it is discovered must of necessity be liquidated in order for a true recovery to occur. Delaying the liquidation will only prolong the crisis and ensure that the next crisis will be more severe.
Every government intervention will result in a distortion of the market and a subsequent shock somewhere down the line in the future. It is about time that we recognize the failure of government intervention, get our hands out of the private sector, and for once allow the market to function.
Posted in Speeches and Statements | Comments Off
Similar posts:
April 2nd, 2008
I stand opposed to the regulations being discussed today because I opposed the underlying bill upon which these regulations are based. The ban on Internet gambling infringes upon two freedoms that are important to many Americans: the ability to do with their money as they see fit, and the freedom from government interference with the Internet.
The proper role of the federal government is not that of a nanny, protecting citizens from any and every potential negative consequence of their actions. Although I personally believe gambling to be a dumb waste of money, American citizens should be just as free to spend their money playing online poker as they should be able to buy a used car, enter into a mortgage, or invest in a hedge fund. Risk is inherent in any economic activity, and it is not for the government to determine which risky behaviors Americans may or may not engage in.
The Internet is a powerful tool, and any censorship of Internet activity sets a dangerous precedent. Many Americans rely on the Internet for activities as varied as watching basketball games, keeping up on international news broadcasts, or buying food and clothing. In the last few years we have seen ominous signs of the federal government’s desire to control the Internet. The ostensible reasons are to protect Americans from sex offenders, terrorists, and the evils of gambling, but once the door is open to government intrusion, there is no telling what legitimate activity, especially political activity, might fall afoul of government authorities.
The regulations and underlying bill also force financial institutions to act as law enforcement officers. This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own.
In conclusion, I urge my colleagues to oppose these new regulations and support Chairman Frank’s HR 2046, of which I am a cosponsor. Although this bill has been criticized by some for its regulatory aspects, this act does not create any new federal laws and merely ensures that Internet gambling firms comply with existing federal law. The passage of HR 2046 would restore the right of Americans to decide for themselves whether or not to gamble online.
Posted in Speeches and Statements | Comments Off
Similar posts:
April 1st, 2008
Mr. Speaker: I rise in strong opposition to this ill-conceived resolution. The US House of Representatives has no business speculating on guilt or innocence in a crime that may have been committed thousands of miles outside US territory. It is arrogant, to say the least, that we presume to pass judgment on crimes committed overseas about which we have seen no evidence.
The resolution purports to express concern over the apparent murder in London of a shadowy former Russian intelligence agent, Alexander Litvinenko, but let us not kid ourselves. The real purpose is to attack the Russian government by suggesting that Russia is involved in the murder. There is little evidence of this beyond the feverish accusations of interested parties. In fact, we may ultimately discover that Litvinenko’s death by radiation poisoning was the result of his involvement in an international nuclear smuggling operation, as some investigative reporters have claimed. The point is that we do not know. The House of Representatives has no business inserting itself in disputes about which we lack information and jurisdiction.
At a time when we should be seeking good relations and expanded trade with Russia , what is the benefit in passing such provocative resolutions? There is none.
Mr. Speaker, I would like to enter into the Congressional Record a very thought-provoking article by Edward Jay Epstein published recently in the New York Sun, which convincingly calls into question many of the assumptions and accusations made in this legislation. I would encourage my colleagues to read this article and carefully consider the wisdom of what we are doing.
Article insert here: http://www2.nysun.com/article/73212
Posted in Speeches and Statements | Comments Off
Similar posts:
April 1st, 2008
Mr. Speaker, I rise in opposition to this resolution calling for the further expansion of NATO to the borders of Russia . NATO is an organization whose purpose ended with the end of its Warsaw Pact adversary. When NATO struggled to define its future after the Cold War, it settled on attacking a sovereign state, Yugoslavia , which had neither invaded nor threatened any NATO member state.
This current round of NATO expansion is a political reward to governments in Georgia and Ukraine that came to power as a result of US-supported revolutions, the so-called Orange Revolution and Rose Revolution. The governments that arose from these street protests were eager to please their US sponsor and the US , in turn, turned a blind eye to the numerous political and human rights abuses that took place under the new regimes. Thus the US policy of “exporting democracy” has only succeeding in exporting more misery to the countries it has targeted.
NATO expansion only benefits the US military industrial complex, which stands to profit from expanded arms sales to new NATO members. The “modernization” of former Soviet militaries in Ukraine and Georgia will mean tens of millions in sales to US and European military contractors. The US taxpayer will be left holding the bill, as the US government will subsidize most of the transactions. Providing US military guarantees to Ukraine and Georgia can only further strain our military. This NATO expansion may well involve the US military in conflicts as unrelated to our national interest as the breakaway regions of South Ossetia and Abkhazia in Georgia . The idea that American troops might be forced to fight and die to prevent a small section of Georgia from seceding is absurd and disturbing.
Mr. Speaker, NATO should be disbanded, not expanded.
Posted in Speeches and Statements | Comments Off
Similar posts:
March 14th, 2008
Mr Speaker, I rise in opposition to this latest attempt to undermine our personal liberties and violate the Fourth Amendment of the Constitution. This bill will allow the federal government to engage in the bulk collection of American citizens’ communications. In effect, it means that any American may have his electronic communications monitored without a search warrant.
As such, the bill clearly violates the Fourth Amendment, which states:
“The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”
The assurances in this bill that Americans will not have their communications monitored without warrant are unconvincing. The bill merely states that the government should do its best to avoid monitoring Americans if possible. We have seen how meaningless such qualified prohibitions have been as we recount the abuses over the past several years.
Just today, we read in the news that the federal government has massively abused its ability to monitor us by improperly targeting Americans through the use of “national security letters.” Apparently some 60 percent of the more than 50,000 national security letters targeted Americans, rather than foreign terrorists, for surveillance.
This is what happens when we begin down the slippery slope of giving up our constitutional rights for the promise of more security. When we come to accept that the government can spy on us without a court order we have come to accept tyranny.
I urge my colleagues to reject this and all legislation that allows Americans to be spied on without a properly issued warrant.
Posted in Speeches and Statements | Comments Off
Similar posts:
March 13th, 2008
It has been said that “he who lives by the sword shall die by the sword.” And in the case of Eliot Spitzer this couldn’t be more true. In his case it’s the political sword, as his enemies rejoice in his downfall. Most people, it seems, believe he got exactly what he deserved.
The illegal tools of the state brought Spitzer down, but think of all the harm done by Spitzer in using the same tools against so many other innocent people. He practiced what could be termed “economic McCarthyism,” using illegitimate government power to build his political career on the ruined lives of others.
No matter how morally justified his comeuppance may be, his downfall demonstrates the worst of our society. The possibility of uncovering personal moral wrongdoing is never a justification for the government to spy on our every move and to participate in sting operations.
For government to entice a citizen to break a law with a sting operation – that is, engaging in activities that a private citizen is prohibited by law from doing — is unconscionable and should clearly be illegal.
Though Spitzer used the same tools to destroy individuals charged with economic crimes that ended up being used against him, gloating over his downfall should not divert our attention from the fact that the government spying on American citizens is unworthy of a country claiming respect for liberty and the fourth amendment.
Two wrongs do not make a right. Two wrongs make it doubly wrong.
Sacrifice of our personal privacy has been ongoing for decades, but has rapidly accelerated since 9/11. Before 9/11 the unstated goal of collecting revenue was the real reason for the erosion of our financial privacy. When nineteen suicidal maniacs attacked us on 9/11, our country became convinced that further sacrifice of personal and financial privacy was required for our security.
The driving force behind this ongoing sacrifice of our privacy has been fear and the emotional effect of war rhetoric – war on drugs, war against terrorism, and the war against third world nations in the Middle East who are claimed to be the equivalent to Hitler and Nazi Germany.
But the real reason for all this surveillance is to build the power of the state. It arises from a virulent dislike of free people running their own lives and spending their own money. Statists always demand control of the people and their money.
Recently we’ve been told that this increase in the already intolerable invasion of our privacy was justified because the purpose was to apprehend terrorists. We were told that the massive amounts of information being collected on Americans would only be used to root out terrorists. But as we can see today, this monitoring of private activities can also be used for political reasons. We should always be concerned when the government accumulates information on innocent citizens.
Spitzer was brought down because he legally withdrew cash from a bank – not because he committed a crime. This should prompt us to reassess and hopefully reverse this trend of pervasive government intrusion in our private lives.
We need no more Foreign Intelligence Surveillance Act!
No more Violent Radicalization & Homegrown Terrorism Prevention Acts!
No more torture!
No more Military Commissions Act!
No more secret prisons and extraordinary rendition!
No more abuse of habeas corpus!
No more PATRIOT Acts!
What we need is more government transparency and more privacy for the individual!
Posted in Speeches and Statements | Comments Off
Similar posts:
March 11th, 2008
Mr. Chairman, I oppose HR 5512 because it is unconstitutional to delegate the determination of the metal content of our coinage to the Secretary of the Treasury. Under Article I Section 8 of the Constitution, the Congress is given the power to coin money and regulate the value thereof. It is a shame that Congress has already unconstitutionally delegated its coinage authority to the Treasury Department, but that is no reason to further delegate our power and essentially abdicate Congressional oversight as the passing of HR 5512 would do.
Oversight by members of Congress, who have an incentive to listen to their constituents, ensures openness and transparency. This bill would eliminate that process and delegate it to unelected bureaucrats. The Secretary of the Treasury would be given sole discretion to alter the metal content of coins, or even to create non-metal coins. Given the history of Congressional delegation and subsequent lax oversight on issues as important as the conflict in Iraq, it would be naïve to believe that Congress would exercise any more oversight over an issue as unimportant to most members as the composition of coins.
While I sympathize with the aim of Section 4 of this bill to save taxpayer dollars by minting steel pennies, it is disappointing that our currency has been so greatly devalued as to make this step necessary. At the time of the penny’s introduction, it actually had some purchasing power. Based on the price of gold, what one penny would have purchased in 1909 requires 47 cents today. It is no wonder then that few people nowadays would stoop to pick up any coin smaller than a quarter.
Congress’ unconstitutional delegation of monetary policy to the Federal Reserve and its reluctance to exercise oversight in that arena have led to a massive devaluation of the dollar. If we fail to end this devaluation, we will undoubtedly hold future hearings as the metal value of our coins continues to outstrip the face value.
HR 5512 is a sad commentary on how far we have fallen, not just since the days of the Founders, but only in the last 75 to 100 years. We could not maintain the gold standard nor the silver standard. We could not maintain the copper standard, and now we cannot even maintain the zinc standard. Paper money inevitably breeds inflation and destroys the value of the currency. That is the reason that this proposal is before us today.
Posted in Speeches and Statements | Comments Off
Similar posts:
March 5th, 2008
Mr. Chairman, many Americans have expressed concern over the growing role played by sovereign wealth funds in the U.S. economy. Such fears are to a large extent misplaced, however, as we should be more concerned with the underlying causes that have allowed sovereign wealth funds to accumulate as much capital as they have.
The two major types of sovereign wealth funds are those which are funded by proceeds from natural resources sales, and those funded by accumulation of foreign exchange. The former category includes sovereign wealth funds in Saudi Arabia, Kuwait, and the UAE. Flush with dollars due to the high price of oil, they are looking for opportunities to make that money work for them. The high price of oil is due in large part to our inflationary monetary policy. We have literally exported inflation across the globe, spurring malinvestment and a subsequent commodities boom.
The second major category of sovereign wealth funds includes China’s sovereign wealth fund, which has the potential to draw on China’s more than $1 trillion in foreign exchange reserves. Because of China’s current account surplus, it continues to accumulate foreign exchange. Much of this is due to the United States’ persistent current account deficit. Inflationary monetary policy and a desire to stimulate the economy at all costs has led us to become the world’s largest debtor, and this debt must eventually be repaid. The current account deficit has come about because our economy does not produce enough capital goods to satisfy the wants of our foreign creditors. Tired of holding increasingly worthless dollars, it is only natural that our creditors would want to purchase tangibles, which in the present case are stakes in American companies.
Rather than bemoaning the fact that foreign governments are using their dollars to purchase stakes in American companies, we should welcome the stability that such investment is bringing to our economy. While I am reluctant as anyone in this room to involve any government in any sort of intervention into the market, the fact remains that without injections of capital from foreign wealth funds the results of the subprime crisis would have been far worse for many financial firms. Even now we read that Citigroup, despite the massive funding it has received from sovereign wealth funds, is in danger of collapse unless it receives additional funding.
I have always been a staunch advocate of abandoning our loose monetary policy and facing the consequences now, rather than continuing easy money in the hopes of never having to face a recession. Now that it is clear that decades of Federal Reserve monetary manipulation have led to a severe recession, the thought of sovereign wealth funds investing in the financial sector holds far more appeal than that of a complete collapse of major industry players which would cause catastrophic effects throughout the economy.
Sovereign wealth funds are a necessary consequence of fiscal and monetary policies which have left us overextended. Actions to stifle the operations of sovereign wealth funds and corresponding retaliatory actions by foreign countries could have the same detrimental effects on the economy as the trade wars begun after passage of the Smoot-Hawley tariff. Rather than take actions to limit or prohibit the actions of sovereign wealth funds, I would urge my colleagues to take action to end our inflationary monetary policy.
Posted in Speeches and Statements | Comments Off
Similar posts: