Thursday, September 29, 2011

RFW - News

Course Instructs Journalists to Take Note That Jihad 'Not a Leading Cause of Death'
By Judson Berger Published September 29, 2011 |

U.S. Military Hands Millions of Dollars of Equipment Over to Iraqis
By Jennifer Griffin & Justin Fishel Published September 29, 2011 |

Why We Need a 21st Century 'Contract With America'
By Newt Gingrich Published September 29, 2011 |

U.S. Doctor Cautious About HIV Vaccine
Published September 29, 2011 | NewsCore

Wednesday, September 28, 2011

Red Flag Warning: A Secret Government Bank?

The headline caught my attention: "Secret Gov't Bank Financing More Solyndras" At first I thought perhaps it was some kind right wing conspiracy theory. Then I read the by-line and realized it was a news article from Fox Business. So I clicked into the article and within seconds was dumbfounded by the report. Indeed there is a "secret" bank set up by the Congress in 1973. I won't go into all the details but what struck me as immoral, unethical, and possibly illegal is this federally run bank can acquire funds directly from the US Treasury at will as the Secretary of the Treasury sits on the governing board! The bank, Federal Financing Bank (FFB) doles out very low cost loans to a wide variety of enterprises. And we're not talking chump change here either. Indeed these loans are going out to the tune of billions of dollars!

As I noted above about the Treasury Secretary being on the bank's board, he is the CHAIRMAN of the board and the bank's board executives are treasury officials! The article linked above states,
"The FFB can borrow unlimited amounts of taxpayer money from the Treasury for these kinds of political pet projects. Under the 1973 "FFB Act, the bank may, with the approval of the Secretary (of Treasury), borrow without limit from the Treasury." (italics my emphasis) says the bank's audited statements..."

Does anyone see a problem here? While the article is targeting the recent debacle of the FFB loaning Solyndra a half a trillion dollars and other flaky "green energy" projects, to be sure other administrations and congresses since 1973 have abused the bank's black cover. How much this little boondoggle has cost us is anyone's guess as the bank's operations are not part of the federal budget!

With our nation's finances teetering on the edge, this just adds another weight on the scale to tip us over. The Watchman encourages all citizens to write to their congressional representatives to investigate and plug this leaking hole in the ship of state.

Tuesday, September 27, 2011

Red Flag Warning: Suspend the Constitution?

Today in comments during a speech the Governor of North Carolina suggested that since all the bickering in congress is caused by the good representatives and senators being more concerned with re-election than the nation's welfare, we should suspend the constitutional mandated elections in 2012. Again, I never thought I'd see the day when a citizen would advocate this. This kind of talk is very dangerous. Even as a joke, as she later attempted to downplay the comment, its sentiment should be cause for alarm. This is how Hitler and the Nazi's took power. Create a false crisis, declare a police state to "protect" the citizens, then swoop into power. Bingo The One is President for Life! Nancy P and Harry the Reid keep on running the insane asylum.

Her logic was to force individuals who so far have nearly driven this nation right off the cliff of financial ruin to stay on and do the "hard" work to fix the problem. But based on past performance what makes us think these folks would do any better with more time behind the steering wheel as the car plunges over the edge?

Instead we should hold the elections as scheduled, carefully weigh the performance of each candidate and then vote in the best people. If they don't perform, then in two years hold them accountable and bring in new folks until they get it right! This is what makes our nation totally different than every other in the world. We hold regularly scheduled elections to maintain stability and continuity. We don't cotton to the idea of changing leadership on a whim and we're not to happy about changing rules during the game.

We need to write to each of our elected officials and clearly lay out our expectations and what we believe is the correct course for our future. Then observe and as I've said above, if these expectations aren't met, then vote in some one else.

Just say NO to his horrible idea to suspend the elections. It is one precedent we don't need to begin!