Read the Bills Act Coalition

Saturday, January 2, 2010

Dem recruits continue to head for exits - The Hill's Blog Briefing Room

Read Here: Dem recruits continue to head for exits - The Hill's Blog Briefing Room:

"Democrats have lost yet another touted recruit, this time in Kansas....State
Sen. Laura Kelly (D) just announced her withdrawal from the race to face Rep.
Lynn Jenkins (R-Kan.). She becomes the fifth formidable recruit to bow out in
recent weeks....“I have been forced to make a decision between honoring the
pledge I made to the people in my Senate district and my firm conviction that
the people of the 2nd congressional district deserve a truly independent voice
in Congress,' Kelly said in a statement. ...“This has been a very hard decision,
but it is the right one.”
Kelly joins several recent dropouts, including
businessman Jack McDonald, a well-funded challenger to Rep. Michael McCaul
(R-Texas) who announced last week that he wouldn't run. The others are Ohio
state Rep. Todd Book, who was running against Rep. Jean Schmidt (R-Ohio); former
Tennessee Commerce and Insurance Commissioner Paula Flowers, who was running for
Rep. Zach Wamp's (R-Tenn.) seat; and Solana Beach City Councilman Dave Roberts,
who was running against Rep. Brian Bilbray (R-Calif.)."

1 comment:

Anonymous said...

I like what Mike McPadden (5th district in VA candidate) has to say:

Of all the issues our campaign is based on, the one that seems to draw the most confusion is Sound Money. While I understand why people are confused about the concept of Sound Money, it is sad that this is so.

The underlying basis of our entire campaign is the desire to return our nation and the American people back to a truly free and prosperous society. This society must be based on the Constitutional principle of limited government and the concept of maximum liberty consistent with order. In order for this to become a reality, we the people must agree that the Constitution is the best framework and model for how the Federal government must operate. If we can all agree to this, then one of the outcomes of returning our government to a government bound by the chains of the Constitution will be to follow the principles of sound money as laid out in that document.

So according to The Constitution of the United States, what are the principles of sound money? Let's examine what the Constitution says about Congress's ability to print or coin money:

Article 1, Section 8:
The Congress shall have Power . . . To coin Money, regulate the Value thereof, and of foreign Coin . . . ; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States . . . .

Remember that the Constitution is a charter given by the people to the Federal Government that specifically states what that federal government is allowed to do. This is what is meant by limited and enumerated powers. There is actually no reason to put restrictions on the actions of the Federal Government, because if it is not in the Constitution then it cannot be done at all. Still our founders did not trust those in elected office to not over step their bounds. (That is why they added the first ten amendments to the Constitution.) With that in mind; what can the government do regarding money?

1) Coin money: This means that the government has the power to manufacture coins of the realm and the power to fix the quantity of precious metal in those coins. The government may not legally manufacture paper money only gold and silver coins.
2) Regulate the value thereof, and of foreign Coin: Regulate means to make regular. For example: An ounce of gold will be equal to $25.

Fiat currency, like the Federal Reserve Notes that we use today, is not money. It is just paper. It is backed by nothing more that the faith of the people that use it. It is not money. It is not sound. Throughout history all fiat currencies have eventually ended the exact same way, and all signs indicate that our fiat dollar will end this way also. Gold and silver coins are money. Because of their intrinsic value, it is money that is by its very nature sound. Gold and silver are sound money.