Drowning in debt may collapse currency

Fed Chairman Ben Bernanke

CNSNews.com posted a fascinating summary (assuming appreciation of economics) on the national debt. In short, the U.S. Federal Reserve now owns more public debt that has been held by the nation from George Washington through Bill Clinton and they are not slowing down or tapering off in what CNSNews.com calls the “Quantitative Explosion.”

The CNSNews.com review posted September 22 focuses on plans by the Federal Reserve’s Federal Open Market Committee announced the week before that the Fed would continue to buy $40 billion in mortgage-backed securities (MBSs) and $45 billion in U.S. Treasury securities per month.

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Inhofe to vote to defund ObamaCare

Senator Jim Inhofe

U.S. Sen. Jim Inhofe (R-Okla.) released the following statement late yesterday afternoon correcting false information in robo calls to Oklahomans. The misrepresentations were issued by the TeaPartyPatriots.org.

“You have heard or are going to hear from a group making automated phone calls in Oklahoma implying that I will be voting to fund ObamaCare. This is wrong. Let me assure you that I will be voting this week to defund ObamaCare with my friend Sen. Ted Cruz in his current efforts in the Senate. Now is our opportunity to deal with this disastrous law, and this law has got to go.

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Ted Cruz stands to oppose Obamacare

Updated: Sen. Ted Cruz, R-Texas, rose on the Senate floor at 2:41 p.m. He stood in opposition to Obamacare, he said. And he said he would continue to speak until he could no longer stand.

According to the National Journal, “It’s not a filibuster. But it’s looking like it may be a very, very long speech from the Texas senator who has been the center of attention in D.C.’s budget fight, and the Senate leader in a doomed-to-fail movement to strip funding for Obamacare out of any resolution that Congress passes to fund the government. If Congress fails to come to an agreement, the government will shutdown at the end of September.”

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Oklahoma Defenders regroup for 2014

By Rich Lohman, Tulsa Today

After finishing 3-9 in their sophomore season the Oklahoma Defenders began taking steps to improve by announcing that they will retain the services of head coach Derek Rasmussen for the 2014 season.

Rasmussen coached the team to an even 12-12 record in two seasons in two different indoor football leagues and he has been the team’s first and only head coach since the team was formed in 2011.
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Defending property rights

By David Arnett, Publisher

Analysis: At times government and media listen. Well some of it, at times, maybe. In this case, city staff and the City Council offered an ordinance to restrict private property rights in the core of downtown Tulsa. It is a bad plan from a good thought – to preserve older buildings other people own because they are visually old/historic, some would then deny owner’s freedom.

The concept offered by the Tulsa Planning Department with some council support, restricts a property owner from turning downtown land into a surface parking lot. Board of Adjustment approval would henceforth be required. Surface parking lots in the area would be allowed only as an accessory use of the property and would have to be on the same property as the principal use. Under the proposal, downtown owners would have to show a building is unsafe or that there is a construction permit and zoning approval to replace the demolished structure with a new building.

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