Tag Archives: Rule

U.S. caught China buying more debt than disclosed

Kaye Beach

August 2, 2011

Does this make anyone a little nervous?

U.S. caught China buying more debt than disclosed

Originally published  Thu Jun 30, 2011

(Reuters) – The rules of Treasury auctions may not sound like the stuff of high-stakes diplomacy. But a little-noticed 2009 change in how Washington sells its debt sheds new light on America’s delicate balancing act with its biggest creditor, China.

When the Treasury Department revamped its rules for participating in government bond auctions two years ago, officials said they were simply modernizing outdated procedures.

The real reason for the change, a Reuters investigation has found, was more serious: The Treasury had concluded that China was buying much more in U.S. government debt than was being disclosed, potentially in violation of auction rules, and it wanted to bring those purchases into the open – all without ruffling feathers in Beijing.

Read more

 

Dr. Michael Coffman on the same subject;

PLAYING POLITICS WITH U.S. DEFICITS AND DEBT

By Michael S. Coffman, Ph.D. and Kristie Pelletier
July 26, 2011
NewsWithViews.com

As the European Union appears to be heading for total collapse, Progressive Democrats seem to have completely lost all connection to reality and refuse to take any corrective action on our out-of-control deficits and staggering national debt.

In addition to the now probable economic collapse in Europe negatively affecting the U.S. economy, America’s staggering $14.5 trillion debt and trillion dollar deficits also threaten to sink us. There are two sides to the debt problem; (1) the inability or unwillingness of China and Japan to continue loaning us money to fund our enormous deficits and expand our debt; and (2) the progressives in the U.S. continuing to fast-track America toward economic ruin.

China is the United States’ largest lender and holds at least $1.115 trillion in U.S. government debt, approximately 26 percent of all U.S. debt. There is compelling evidence that China’s banks are thoroughly corrupt and its economic might is just a new credit bubble.[1] China’s local governments are carrying at least a $1.7 trillion debt, most of which is coming due over the next five years with only a weak ability to pay it off. If China’s economy flounders, will it be able to buy U.S. Treasuries to increase and sustain our deficits and debt?

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You All Look the Same to Me

Kaye Beach

May 19, 2011

This is what two ladies who were collecting signatures for a petition at the capitol were told by an irate Republican Representative yesterday.

It also recalls the treatment of a variety of petitioners for the discharge of another bill earlier this session.  Many were treated to rude remarks by legislators who lumped them all together regardless of whether or not they had anything to do with other activists that the legislators were irritated with.  It was clear to me then the “us against them” mentality.  This attitude is very concerning as most people want to work reasonably with their legislators and do not deserve this kind of response.

Yesterday, Rep. Don Armes, upset over calls to his office made by the Sooner Tea Party’s Al Gerhart unleashed his fury on the two women in the House Lobby in front of a large number of astonished onlookers consisting of Capitol staff, lobbyists and visitors.  The tirade lasted for several minutes and despite protests from the pair of signature gatherers that they have no control over the actions of other activists,  Armes continued with his finger in the face tirade against Gerhart saying  “You all look the same to me!”

One petitioner gave up and walked away from the scene while the other calmly tried to bring the outraged Rep’s attention back to the issue at hand to no avail.  Full disclosure-I was the one that walked away from the  abuse.

I think  that this eruption actually demonstrates one of the reasons that HR 1004, dubbed the Key open government rule, is so necessary.

Rep. Armes later apologized to me and explained that the legislators are operating under a great deal of pressure.   I do understand that our Representatives are under an enormous amount of pressure.   Is it possible that some of this pressure I believe could be relieved by a simple change of rules?

(read more about the Key amendment and the discharge petition effort here and here)

As it stands now, bills are denied a fair hearing before legislative committees prior to ever making it to the floor of either House often because a few people in leadership positions simply don’t want them to.

The people of Oklahoma elect their representatives well. . . to represent them. The current process denies representation to thousands through the voice of their elected representative which leaves pressure tactics as one of the few avenues open to get a bill unblessed by leadership to a fair hearing.

This legislative session has been marked by unprecedented bitterness in large part due to minority members’ legislation being shut out.

HR 1004 seeks to remedy this by providing a process by which bills can all be offered before a committee for consideration before being delegated to the legislative waste bin by the opinion of one.

The insult to Oklahoma voters committed  by Rep.  Armes yesterday is by no means the only contentious event that Oklahoma taxpayers have been treated to this session and until our legislators correct their rules to make them more evenhanded and transparent, it certainly won’t be the last.

Our State Legislature is Broken! Restoring Representative Government – Mon-Wed this week


Kaye Beach

May 15, 2011

Those who have been fighting for years to help get the Republican majority remember the vows made by the then minority to fix the corrupt house and senate leadership system.  When they got the chance they blew it.

(Listen to this conversation recorded at a Republican meeting about a week ago)

Background

Restoring Representative Government

On Jan 4, 2011 Rep. Charles Key offered an Amendment to the legislative rules (dubbed the “Open Government rule”) designed to correct legislative procedure to allow for bill to at least get a hearing before a committee.  It failed.

 (Read OK-SAFE’s OK House Fails First Test  and GOP Strut Elitism Making Fun of Constituents by James Parsons for excellent summaries of the entire debacle)

A republican form of government, which we are guaranteed by the Constitution, is one in which “the sovereign power resides in a certain body of the people – the electorate – and is exercised by representatives elected by, and responsible to, them.” Webster’s New Collegiate Dictionary

Restoring Representation is not going to happen as a result of any one act-it is a process.

How did we fare without the open government rule?

 

Enjoy your chips, hide your clips and watch those zippers!!

 

2011 Good Bills R.I.P

 

Here are just three of the good bills that were killed before they ever made it to committee:

  • HB 1399 The Anti chipping bill This is a bill that would have simply prohibited RFID tracking devices from being embedded on our driver’s licenses and ID cards was quashed by a petulant committee chair.  The bill actually passed both houses with overwhelming support the year before only to be killed by the Governor on behest of a powerful industry lobbyist seeking to protect the future market for his surveillance devices.
  • HB 1245 the TSA agent anti groping bill which would have added some measure of protection for us and our children from being groped by TSA employees.
  • HB 1647 Open Carry
  •  

In the meantime, measures like this have not had any trouble getting a hearing or passed out of committee;

OKLAHOMA CITY – A measure working its way through the Legislature would give another $40 million in state bond money to the American Indian Cultural Center and Museum in Oklahoma City – raising the state’s bond investment in the project to more than $103 million. Senate and House committees approved legislation authorizing the $40 million bond issue Thursday, clearing the way for legislative votes as soon as Friday.

Tulsa World 2011-05-13

As it stands now, without the Key amendment, power is firmly entrenched in the hands of a few.

Let’s Get Them On The Record

You may remember from earlier efforts this session to get the open carry bill to the floor that House rules allow for discharge petitions as a means to get a bill brought out of a committee for a vote on the floor if 68 Representatives sign.

It’s time to do another one for the Key Amendment!

Once 68 signatures are collected the Key amendment can go straight to the floor.

Do I think we can get the Key amendment for open government back to the floor?  Who knows?  But remember-this is a process and the petition will be a valuable tool.

The goal is better representation and more accountability.

At the beginning of session 53 members voted against the Key open government rule.

The grassroots were outraged and have made this abundantly clear to these representatives.  Now that we are near the end of session has any of them changed their minds?

We need to know which one of our legislators really believes in fair representation so we can vote and campaign and educate others accordingly come election time.  The petition gives us this starting point.

The stranglehold of leadership needs to end.  Let’s get them on the record so we can act accordingly.

Your help is needed.

Monday the 16 through Wednesday the 18th    11am through 5pm I will be at the Capitol asking each House member to sign the discharge petition.

Please contact me by email ladyaxiom@yahoo.com  or phone 405-818-3224

If you can physically come to the capitol and help by visiting and asking legislators for their support that would be best.  Just let me know so that I can meet you and get you the information you need.

If you can’t come to the Capitol, calls and emails to your Representative asking that they sign the petition would be a great way to support the effort.

Tell them to sign the petition and support the Key open government rule.

Why This Rule Change is Needed

It’s simple.  The current practice of the Oklahoma Legislature is to allow the Committee Chair to kill any bill he/she wants, thereby limiting the bill process from the outset. Conversely, this current practice means that the Chair controls which bills are allowed to move forward. This is a top-down, dictatorial control of the legislative process.  OK-SAFE

I will post our progress as frequently as possible on my blog site

Thank you,

Kaye Beach

House Directory (names, district, phone and room number)

House email addresses:

donarmes@okhouse.gov; garybanz@okhouse.gov; john.bennett@okhouse.gov; lisajbilly@okhouse.gov; gusblackwell@okhouse.gov; mikebrown@okhouse.gov; david.brumbaugh@okhouse.gov; ed.cannaday@okhouse.gov; dennis.casey@okhouse.gov; mike.christian@okhouse.gov; josh.cockroft@okhouse.gov; donnie.condit@okhouse.gov; anncoody@okhouse.gov; mariancooksey@okhouse.gov; dougcox@okhouse.gov; david.dank@okhouse.gov; leedenney@okhouse.gov; david.derby@okhouse.gov; daledewitt@okhouse.gov; joedorman@okhouse.gov; john.enns@okhouse.gov; rusty.farley@okhouse.gov; george.faught@okhouse.gov; will.fourkiller@okhouse.gov; larryglenn@okhouse.gov; randy.grau@okhouse.gov; elise.hall@okhouse.gov; rebeccahamilton@okhouse.gov; tommy.hardin@okhouse.gov; jwhickman@okhouse.gov; weshilliard@okhouse.gov; corey.holland@okhouse.gov; chuck.hoskin@okhouse.gov; scott.inman@okhouse.gov; mikejackson@okhouse.gov; dennis.johnson@okhouse.gov; fred.jordan@okhouse.gov; charlie.joyner@okhouse.gov; sallykern@okhouse.gov; charles.key@okhouse.gov; dan.kirby@okhouse.gov; steve.kouplen@okhouse.gov; guyliebmann@okhouse.gov; james.lockhart@okhouse.gov; scott.martin@okhouse.gov; stevemartin@okhouse.gov; al.mcaffrey@okhouse.gov; mark.mccullough@okhouse.gov; jeanniemcdaniel@okhouse.gov; randy.mcdaniel@okhouse.gov; skye.mcniel@okhouse.gov; jerrymcpeak@okhouse.gov; lewis.moore@okhouse.gov; dannymorgan@okhouse.gov; richardmorrissette@okhouse.gov; glen.mulready@okhouse.gov; jason.murphey@okhouse.gov; jason.nelson@okhouse.gov; tom.newell@okhouse.gov; jadine.nollan@okhouse.gov; charles.ortega@okhouse.gov; leslie.osborn@okhouse.gov; pat.ownbey@okhouse.gov; ronpeters@okhouse.gov; pampeterson@okhouse.gov; anastasia.pittman@okhouse.gov; eric.proctor@okhouse.gov; rcpruett@okhouse.gov; marty.quinn@okhouse.gov; brian.renegar@okhouse.gov; mikereynolds@okhouse.gov; philrichardson@okhouse.gov; mike.ritze@okhouse.gov; paulroan@okhouse.gov; dustin.roberts@okhouse.gov; sean.roberts@okhouse.gov; waderousselot@okhouse.gov; todd.russ@okhouse.gov; mike.sanders@okhouse.gov; colby.schwartz@okhouse.gov; seneca.scott@okhouse.gov; earl.sears@okhouse.gov; tw.shannon@okhouse.gov; mikeshelton@okhouse.gov; bensherrer@okhouse.gov; jerryshoemake@okhouse.gov; jabarshumate@okhouse.gov; krissteele@okhouse.gov; aaron.stiles@okhouse.gov; danielsullivan@okhouse.gov; randyterrill@okhouse.gov; todd.thomsen@okhouse.gov; suetibbs@okhouse.gov; johntrebilcock@okhouse.gov; steve.vaughan@okhouse.gov; emily.virgin@okhouse.gov; purcywalker@okhouse.gov; weldon.watson@okhouse.gov; paulwesselhoft@okhouse.gov; cory.williams@okhouse.gov; harold.wright@okhouse.gov

Also-Don’t forget about the “new” Health Insurance Exchange bill

Update SB 971 from OK-SAFE