Friday, May 30, 2008
Monday, May 26, 2008
Big Government Responsible for High Gas Prices
Ron Paul's Texas straight talk--
In the past few months, American workers, consumers, and businesses have experienced a sudden and dramatic rise in gasoline prices. In some parts of the country, gasoline costs as much as $4 per gallon. Some politicians claim that the way to reduce gas prices is by expanding the government’s power to regulate prices and control the supply of gasoline. For example, the House of Representatives has even passed legislation subjecting gas stations owners to criminal penalties if they charge more than a federal bureaucrat deems appropriate. Proponents of these measures must have forgotten the 1970s, when government controls on the oil industry resulted in gas lines and shortages. It was only after President Reagan lifted federal price controls that the gas lines disappeared.
Instead of imposing further restraints on the market, Congress should consider reforming the federal policies that raise gas prices. For example, federal and state taxes can account for as much as a third of what consumers’ pay at the pump. The Federal Government’s boom-and-bust monetary policy also makes consumers vulnerable to inflation and to constant fluctuations in the prices of essential goods such as oil. It is no coincidence that oil prices first became an issue shortly after President Nixon unilaterally severed the dollar’s last link to gold.
Basic economics says that when government restricts the supply of a good, the price will increase. Yet Congress continues to reject simple measures that could increase the supply of oil. For example, Congress refuses to allow reasonable, environmentally sensitive, offshore drilling. Congress also refuses to remove the numerous regulatory hurdles that add to the prohibitively expensive task of constructing new refineries. Building a new refinery requires billions of dollars in capital investment. It can take several years just to obtain the necessary federal permits. Even after the permits are obtained, construction of a refinery may still be delayed or even halted by frivolous lawsuits. It is no wonder that there has not been a new refinery constructed in the United States since 1976.
Last year, in order to provide the American people with relief from high oil prices, I introduced the Affordable Gas Price Act (HR 2415). This legislation protects the American people from gas price spikes by suspending the federal gas tax whenever the national average gas price exceeds $3.00 per gallon. The Affordable Gas Price Act also expands the supply of gasoline by repealing the federal moratorium on offshore drilling, including in the ANWR reserve in Alaska . HR 2415 also provides tax incentives and protection from nuisance lawsuits for those seeking to build new refineries. Finally, HR 2415 authorizes a federal study on the link between our nation’s monetary policy and the price of oil.
The free market can meet the American people’s demand for a reliable supply of gasoline as long as government does not distort the market through excessive taxation and regulation. Therefore, Congress should lower prices gas prices by pursuing an agenda of low taxes, regulatory relief, and sound money by passing legislation such as my Affordable Gas Act.
In the past few months, American workers, consumers, and businesses have experienced a sudden and dramatic rise in gasoline prices. In some parts of the country, gasoline costs as much as $4 per gallon. Some politicians claim that the way to reduce gas prices is by expanding the government’s power to regulate prices and control the supply of gasoline. For example, the House of Representatives has even passed legislation subjecting gas stations owners to criminal penalties if they charge more than a federal bureaucrat deems appropriate. Proponents of these measures must have forgotten the 1970s, when government controls on the oil industry resulted in gas lines and shortages. It was only after President Reagan lifted federal price controls that the gas lines disappeared.
Instead of imposing further restraints on the market, Congress should consider reforming the federal policies that raise gas prices. For example, federal and state taxes can account for as much as a third of what consumers’ pay at the pump. The Federal Government’s boom-and-bust monetary policy also makes consumers vulnerable to inflation and to constant fluctuations in the prices of essential goods such as oil. It is no coincidence that oil prices first became an issue shortly after President Nixon unilaterally severed the dollar’s last link to gold.
Basic economics says that when government restricts the supply of a good, the price will increase. Yet Congress continues to reject simple measures that could increase the supply of oil. For example, Congress refuses to allow reasonable, environmentally sensitive, offshore drilling. Congress also refuses to remove the numerous regulatory hurdles that add to the prohibitively expensive task of constructing new refineries. Building a new refinery requires billions of dollars in capital investment. It can take several years just to obtain the necessary federal permits. Even after the permits are obtained, construction of a refinery may still be delayed or even halted by frivolous lawsuits. It is no wonder that there has not been a new refinery constructed in the United States since 1976.
Last year, in order to provide the American people with relief from high oil prices, I introduced the Affordable Gas Price Act (HR 2415). This legislation protects the American people from gas price spikes by suspending the federal gas tax whenever the national average gas price exceeds $3.00 per gallon. The Affordable Gas Price Act also expands the supply of gasoline by repealing the federal moratorium on offshore drilling, including in the ANWR reserve in Alaska . HR 2415 also provides tax incentives and protection from nuisance lawsuits for those seeking to build new refineries. Finally, HR 2415 authorizes a federal study on the link between our nation’s monetary policy and the price of oil.
The free market can meet the American people’s demand for a reliable supply of gasoline as long as government does not distort the market through excessive taxation and regulation. Therefore, Congress should lower prices gas prices by pursuing an agenda of low taxes, regulatory relief, and sound money by passing legislation such as my Affordable Gas Act.
Tuesday, May 20, 2008
The Economy: Another Casualty of War
From Ron Paul's Texas straight talk--
This week, as the American economy continued to suffer the effects of big government, the House attempted to pass two multibillion dollar "emergency" spending bills, one for continued spending on the war in Iraq , and one increasing spending on domestic and international welfare programs. The plan was to pass these two bills and then send them to the president as one package. Even though the House failed to pass the war spending bill, opponents of the war should not be fooled into believing this vote signals a long term change in policy. At the end of the day, those favoring continued military occupation of Iraq will receive every penny they are requesting and more as long as they agree to dramatically increase domestic and international welfare spending as well.
The continued War in Iraq and the constant state of emergency has allowed Congress to use these so-called "emergency" bills as a vehicle to dramatically increase spending across the board--including spending that does not meet even the most generous definition of emergency. For example, the spending proposals currently being considered by Congress provide $210 million to the Census Bureau and $4 million for the Bureau of Alcohol, Tobacco, and Firearms. $4.6 billion is requested for the closing of military bases, but not any of the more than 700 bases overseas – but bases here at home! Another $387 million would go to various international organizations and $850 million more just in international food aid - all this when food prices are skyrocketing here and American families are having a hard time making ends meet. Because this spending will be part of "emergency" measures, it will not count against debt ceilings, or any spending limits set by Congressional budget resolutions, and does not have to be offset in any way.
Explosive growth of government is just another tragedy of this war. The "bipartisan" compromises made in Washington are at the expense of the taxpayer, not in the interest of fiscal responsibility, or peace. The taxpayer loses and government grows.
The bottom line is that our dollar is falling, the economy is in rough shape, and government spending is wildly out of control. Congress argues over relatively minor details, instead of dramatically changing our flawed foreign policy. We need to bring our troops home, not only from Iraq and Afghanistan , but from South Korea , Germany , and the other 138 countries where we have troops stationed. Our foreign policy of interventionism is not only offensive to others, inviting further terrorist attacks, but it is ruining our economy as we tax, borrow and print the money to pay the bills of our empire. The economy and ultimately the American people suffer because Washington is refusing to adopt more sensible and constitutional policies.
Squabbling between those who favor increased welfare and those who favor increased warfare has giving the American people a temporary reprieve from having to bear the burden of yet another dramatic increase in government this week. However, as early as next week a compromise could be reached that expands both government warfare and welfare. As congressional approval ratings drop to 18% according to a recent Gallup poll, the American people are telegraphing that Congress is taking the country in the wrong direction. Our government must stop bankrupting the country so that we can get back on track to a peaceful, prosperous future.
This week, as the American economy continued to suffer the effects of big government, the House attempted to pass two multibillion dollar "emergency" spending bills, one for continued spending on the war in Iraq , and one increasing spending on domestic and international welfare programs. The plan was to pass these two bills and then send them to the president as one package. Even though the House failed to pass the war spending bill, opponents of the war should not be fooled into believing this vote signals a long term change in policy. At the end of the day, those favoring continued military occupation of Iraq will receive every penny they are requesting and more as long as they agree to dramatically increase domestic and international welfare spending as well.
The continued War in Iraq and the constant state of emergency has allowed Congress to use these so-called "emergency" bills as a vehicle to dramatically increase spending across the board--including spending that does not meet even the most generous definition of emergency. For example, the spending proposals currently being considered by Congress provide $210 million to the Census Bureau and $4 million for the Bureau of Alcohol, Tobacco, and Firearms. $4.6 billion is requested for the closing of military bases, but not any of the more than 700 bases overseas – but bases here at home! Another $387 million would go to various international organizations and $850 million more just in international food aid - all this when food prices are skyrocketing here and American families are having a hard time making ends meet. Because this spending will be part of "emergency" measures, it will not count against debt ceilings, or any spending limits set by Congressional budget resolutions, and does not have to be offset in any way.
Explosive growth of government is just another tragedy of this war. The "bipartisan" compromises made in Washington are at the expense of the taxpayer, not in the interest of fiscal responsibility, or peace. The taxpayer loses and government grows.
The bottom line is that our dollar is falling, the economy is in rough shape, and government spending is wildly out of control. Congress argues over relatively minor details, instead of dramatically changing our flawed foreign policy. We need to bring our troops home, not only from Iraq and Afghanistan , but from South Korea , Germany , and the other 138 countries where we have troops stationed. Our foreign policy of interventionism is not only offensive to others, inviting further terrorist attacks, but it is ruining our economy as we tax, borrow and print the money to pay the bills of our empire. The economy and ultimately the American people suffer because Washington is refusing to adopt more sensible and constitutional policies.
Squabbling between those who favor increased welfare and those who favor increased warfare has giving the American people a temporary reprieve from having to bear the burden of yet another dramatic increase in government this week. However, as early as next week a compromise could be reached that expands both government warfare and welfare. As congressional approval ratings drop to 18% according to a recent Gallup poll, the American people are telegraphing that Congress is taking the country in the wrong direction. Our government must stop bankrupting the country so that we can get back on track to a peaceful, prosperous future.
Sunday, May 18, 2008
Harry Kalas
The best broadcasting voice in all of sports, says hello during a rain delay in Philadelphia.
Thursday, May 8, 2008
Ron Paul in NYC
Since I was unable to meet the pope in New York, I did the next best thing - and met Ron Paul. He was at the Borders on Wall Street on April 24. There was about 500 or so people there, and all copies of his new book The Revolution: A Manifesto sold out. Ron Paul received over 128,000 votes, or 16 percent, in the closed Republican Pennsylvania primary, 37,132 or 7% in North Carolina, and 31,628 or 8% in Indiana. Just announced is the Revolution March on Washington, D.C. on July 12. www.revolutionmarch.com
Go Ron Paul!!
Subscribe to:
Posts (Atom)
About Me
Sixburgh
