It is the most powerful federal agency you’ve never heard of -- and lawmakers from both parties on Thursday vowed to keep abreast of its astonishing growth and rein it in, if necessary.
The Office of Financial Research, or OFR, was created by the Dodd-Frank financial services overhaul that President Obama signed into law in July 2010. Technically housed under the Treasury Department, the agency has until now received its funding not from the Congress, but directly from the Federal Reserve.
Starting in July, the OFR Fiscal Year 2013 budget, estimated at $158 million, will be funded entirely through assessments -- also known as taxes -- on bank-holding firms with consolidated assets worth at least $50 billion.
But as became clear at Thursday’s hearing by the House Financial Services Subcommittee on Oversight and Investigations, a close reading of the law the president signed provides no limit on the growth of OFR’s budget, nor on the taxes the agency can impose on big banks to fund it.
New federal agency OFR stirs 'Orwellian' fears | Fox News
Friday, April 20, 2012
Thursday, April 19, 2012
Rep. Dan Burton: The Danger of Underestimating Obama
Mr. Obama knows precisely what he is doing: He is changing America into his vision of a European-style socialist utopia where the government controls every aspect of our lives. Consider the facts, since taking office, Mr. Obama has taken control of the student loan industry, the health care industry, the banking and financial sectors, and he orchestrated the bankruptcy and reorganization of two-thirds of the American automotive industry, leaving his political allies in the labor movement in effective control of the companies and allowing the administration to dictate the industry’s direction.
Trevor Loudon's New Zeal Blog
Trevor Loudon's New Zeal Blog
Islamists Removed From Egyptian Presidential Race
In the aftermath of last year’s “Arab Spring,” two Islamist parties — the Muslim Brotherhood’s Freedom and Justice Party, and the Salafist Al-Nour Party — have consolidated their power in the parliament, and gained control of the committee charged with drafting the nation’s new constitution. The move to allow only token representation to Christians in the process of writing the future of Egypt led the handful of Coptic Christians on the commission to resign in protest. With clear majorities of the members of both houses of parliament in the hands of Islamists, the last remaining possible elected balance to their power would have been in the presidency.
Islamists Removed From Egyptian Presidential Race
Islamists Removed From Egyptian Presidential Race
The Catholic Post : Article - Full text of Bishop Jenky's homily
Remember that in past history other governments have tried to force Christians to huddle and hide only within the confines of their churches like the first disciples locked up in the Upper Room.
In the late 19th century, Bismarck waged his “Kulturkampf,” a Culture War, against the Roman Catholic Church, closing down every Catholic school and hospital, convent and monastery in Imperial Germany.
Clemenceau, nicknamed “the priest eater,” tried the same thing in France in the first decade of the 20th Century.
Hitler and Stalin, at their better moments, would just barely tolerate some churches remaining open, but would not tolerate any competition with the state in education, social services, and health care.
In clear violation of our First Amendment rights, Barack Obama – with his radical, pro abortion and extreme secularist agenda, now seems intent on following a similar path.
Now things have come to such a pass in America that this is a battle that we could lose, but before the awesome judgement seat of Almighty God this is not a war where any believing Catholic may remain neutral.
This fall, every practicing Catholic must vote, and must vote their Catholic consciences, or by the following fall our Catholic schools, our Catholic hospitals, our Catholic Newman Centers, all our public ministries -- only excepting our church buildings – could easily be shut down. Because no Catholic institution, under any circumstance, can ever cooperate with the instrinsic evil of killing innocent human life in the womb.
No Catholic ministry – and yes, Mr. President, for Catholics our schools and hospitals are ministries – can remain faithful to the Lordship of the Risen Christ and to his glorious Gospel of Life if they are forced to pay for abortions.
The Catholic Post : Article - Full text of Bishop Jenky's homily at men's march and Mass
Tuesday, April 17, 2012
Sunday, April 15, 2012
Look who's buying up flooded farmland
Old article by Ann Barnhardt about last year's Mississippi River flooded farm land, good to refer back to and check up on the progress of this situation. Soros funding is a big part of this.
Trevor Loudon's New Zeal Blog
Trevor Loudon's New Zeal Blog
Historic Western town fights feds over very existence
Government wants to forbid access to water resource for Tombstone, AZ. This issue is larger than AZ, as the US Forest Service is on a campaign to deny States and private corporation ANY access to federal lands....this is a 10th Amendment Issue. In 1916 the Forest Service granted Tombstone the rights to draw their water from the surrounding mountains. Due to weather/fire issues, this water system is in need of repairs. The Government is refusing to grant permission as the water plant is on Federal lands.
Historic Western town fights feds over very existence
Historic Western town fights feds over very existence
'Islam-lite' Kosovars determined to stay secular
Kosovo’s secular majority are uneasy over a drift towards a more conservative Islam, writes MARY FITZGERALD in Pristina
'Islam-lite' Kosovars determined to stay secular - The Irish Times - Thu, Apr 12, 2012
'Islam-lite' Kosovars determined to stay secular - The Irish Times - Thu, Apr 12, 2012
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