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Thursday, April 24, 2014

Weak US foreign policy

Obama’s creepy policy of authoritarianism—a political system of dictatorship—shredding the Constitution at will is bad all around for the country. His legacy is doomed!

Why am I fearful of the unfolding phenomena in D.C.? It looks like Obama is determined to institute policy decisions, unilaterally ignoring the constitutional authority of Congress to legislate. It ensures a system of checks and balance. But he’s bent on shredding the Constitution where it meets inconvenience with his political agenda.

He’s used the IRS to go after his political enemies and the NSA for the same purpose. This is in violation of citizens’ rights to privacy enumerated under the U.S. Constitution.

While Obama has fancy-footed with the killing of Osama bin Laden and the al-Qaida being dispersed, he ignores the fact that it is a religious-based group and a hard nut to crack, no matter the measures taken against them. They’re ready to die for their beliefs. Al-Qaida continues to mutate silently.

The president has got to have better foreign policy with real command and control over luring our enemies to sleeping in our own bed. His bouts with redundancy, futility, and incompetence definitely needs major overhaul, if it isn’t a bit too late already.

He also had a law approved to go after large U.S. entrepreneurs doing business in foreign countries. The law is so embarrassing, a lot of the businessmen have renounced their citizenship to avoid being victimized by Obama’s targeting of the top 1 percent of wealthy folks who’ve worked and earned their dues. In short, most have gone Galt.

Stealth regulations

Americans across the fruited plain elect some 535 representatives and senators to Congress—435 in the House, 100 in the Senate—to consider national policies for the entire country.

Legislation approved by Congress heads to the president for his consideration. If he signs it, it becomes federal law that is applied equally to all 50 states and territories of the U.S.

These laws often include the writing of regulations assigned federal agencies. Federal bureaucrats have a free hand in the drafting of these regulations that doesn’t require judicial review or legislative oversight. So what’s wrong with this scheme?

We never elected federal bureaucrats who literally take command of our lives by the product of the regulations they write and promote as gospel matters to be followed. The cost of regulation is stealth, according to Bob Beauprez, a national columnist. “Seldom does anyone calculate, itemize, post, and publish the actual cost of the myriad rules that control our lives and everything we produce and consume. The cost is just embedded in the price.

“CEI, the Competitive Enterprise Institute, is one of a growing group of organizations that monitors and quantifies the 80,000 or so pages of federal regulations in America. Annually, CEI published an update called The Ten Thousand Commandments. They also provide current updates throughout the year.

“The growing dominance of the federal government over the states has obscured more fundamental changes within the federal government itself: It is not just bigger; it is dangerously off kilter,” related Jonathan Turley, a Shapiro professor of public interest law at George Washington University.

“Our carefully constructed system of checks and balances is being negated by the rise of a fourth branch, an administrative state of sprawling departments and agencies that govern with increasing autonomy and decreasing transparency.”

Have members lost their “true north” as to allow the gradual surrender of its authority to legislate, surrendering to unelected federal bureaucrats who draft regulations at will? I mean these guys must be enjoying their new power not subject to congressional or judicial review. The manufacturing of regulations has gone volcanic. It consistently feeds upon the creation of government of regulations (administrative state) rather than by laws.

The bankruptcy of the Fund

Since 35 years ago, we had policymakers and a board handling the operations of the Retirement Fund. The former had built the resiliency to skirt their fiduciary responsibilities while the latter spent their time junketing at every opportunity at the expense of retirees.

If both took the time to focus on the impending volcanic-like implosion, the Fund would have moved along, difficult its fiscal posture may be, but removed from the bankruptcy it now faces. For incumbent politicians, it was best to cannibalize its funds than ensure it retains solvency.

Even the court was loaned some $13 million for its building. It now finds itself fiscally incapable to meeting its debt service. If we wish to sue it to secure money owed the Fund, who would listen to our lawsuit? Would the assigned judge be fair by finding a happy medium of repayment or what would the decision be?

And all along I thought we’ve placed smart people in government to do smart things. But the failure of meeting fiduciary responsibility and fidelity to the rule of law is so far removed from our expectations of doing things right. The Fund is broke and a 25-percent cut is on the way. In its simplest form it’s another layer of hardship in bad economic times. A` Saina pot dios!

The Inos administration now spouts remitting $25 million to $40 million to the Fund. If it had paid its obligation of $15 million per year since seven years ago, the pile of debt would have been far less.

Proposed measures to scaffold the system have not shed light how it is supposed to ensure the solvency of the Fund. It’s one pile of debt over another. It’s the pathway to completely shut down the economic freedom of our children.

Interesting the establishment of the program and the persistent inability of policymakers to fund it since 35 years ago. It’s now broke, another eventual drain of some $65 million against the local economy when the well runs dry for retirees. It would only hasten a more egregious economic decline to an historic low.

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John S. DelRosario is a regular contributor to the Saipan Tribune’s Opinion Section

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