President Obama's Treasury Secretary Timothy Geithner has embraced the “Buzz Lightyear” debt strategy to overcome the fiscal crisis known as the “fiscal cliff”: to infinity and beyond. Geithner told host Al Hunt on Bloomberg TV's Political Capital on November 16 that he favors elimination of the statutory debt limit.
Citing “a pattern of behavior directed at subverting transparency,” the House Committee on Science, Space, and Technology is requesting information from Environmental Protection Agency (EPA) administrator Lisa Jackson concerning secret e-mail accounts she and other senior EPA officials are allegedly using to circumvent federal openness laws.
Following his office’s publishing of his annual Wastebook last month, Senator Tom Coburn (R-Okla.) has now released another oversight report, this one exploring waste and “non-defense” spending in the Department of Defense (DOD), entitled the “Department of Everything.”
After spending more than two decades in Congress vigorously standing up for liberty, peace, sound money, free markets, and the U.S. Constitution, Rep. Ron Paul (R-Texas), a hero to constitutionalists and libertarians all over the world, offered a stark warning about the dark future facing the United States and the American people without dramatic changes. However, the message was not all gloom and doom. In fact, there was also a sense of hope evident in his historic farewell speech.
Still, the immediate future will be turbulent and filled with peril, Rep. Paul warned, saying we live in a “dangerous period.” Economic implosion and widespread poverty resulting from central monetary planning, never-ending wars and widespread government intervention in the market will lead to a tragedy of epic proportions, he explained. Tyranny may reign as the final vestiges of individual liberty are stripped away.