Make no mistake, the $700-billion request from the Bush administration including Treasury Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke, is very much a bailout of Wall Street first and foremost. The tactics used here are familiar ones. Create shock and fear, and amplify it by fast-tracking legislative action. Create a profound sense of urgency, coupled with vague but absolute solutions with no time for verification or alternatives. Threaten the core security of every citizen to justify, and obtain approval for, the transfer of power being sought. In this case, the request is an unprecedented transfer of power to the U.S. treasurer's office, with virtually no oversight, regulatory control, or checks and balances of any kind.

seal of the state of Illinois The polling results I've seen from both sides of the debate say a plurality of you will vote for a state constitutional convention this November.

The numbers still aren't there yet. The question on the fall ballot must either be supported by 60 percent of those who vote on the issue, or by at least half of all those voting in the election itself. Still, it's getting there.

I'm one of those who supports a constitutional convention. And after 18 years of covering Illinois politics, I am not only convinced that a convention is necessary; I also believe I have a duty to tell you why.

Ayn Rand For decades, writers such as Friedrich Hayek , Ludwig von Mises , and Ayn Rand have been warning us that the mixed-economy "welfare" state is not a third alternative between capitalism and collectivism but is, instead, an explosive and unstable mixture that must, by the logic of the principles involved, become one or the other.

My guess is that many of you are as enraged as I am over our elected leaders' latest financial abuses. How much is enough for each of us to take action? By action I mean, at a minimum, a phone call or e-mail to each senator and congressman in your district expressing your outrage, accompanied by a committed declaration that if he or she does not act to stop these subsidies, bailouts, and wholesale giveaways of our republic's future, then they will absolutely lose your vote next term.

There is a defect in Illinois' constitution that is so fundamentally fatal that it practically begs voters to approve a state constitutional convention this November.

I grew up in Pittsburgh, Pennsylvania, near seemingly endless steel mills that lined the Ohio River. These mills poured fiery molten steel out of huge melting pots and afforded opportunity to many new immigrants experiencing American freedom for the first time. My elementary school was next to the UP (United Presbyterian) Church, and my first-grade teacher also taught Sunday school. We started the school day with a Psalm, and recited the Pledge of Allegiance with our hands over our hearts, and we believed in those words. We sang patriotic songs in class and waved flags and sparklers on the Fourth of July.

Reader issue #702 "In America, the law is King. For as in absolute governments, the King is law, so in free countries the law ought to be king; and there ought to be no other." - Thomas Paine

 

As usual, the contenders for the White House are making a lot of promises about what they will change if elected. They're singing the siren song all politicians adopt by telling us exactly what we want to hear: reduce taxes, lower gas prices, reform Social Security, and provide us with more and more benefits. In other words, they're going to give us something for our vote - maybe. But reading between the lines, it's what Barack Obama and John McCain aren't saying that should cause voters to pause.

Much of the recent revival of interest in the Constitution centers around the Bill of Rights and the war on terror, a subject I discuss elsewhere in this book. I could not be more sympathetic to these concerns. However, Americans must remember that the Constitution was designed not merely to prevent the federal government from violating the rights that later appeared in the Bill of Rights. It was also intended to limit the federal government's overall scope. Article I, Section 8, lists the powers of Congress. Common law held such lists of powers to be exhaustive.

It could be argued that the single most important act of the founders was to provide a sound monetary policy. Money must reflect real value. When a nation's money has no value, and it becomes fiat money, the people lose power; those who control the money control the government and, eventually, all of the country's institutions, including the media.

The United States Constitution was signed on September 17, 1787. On August 2, 1956, in commemoration of this revolutionary document, Congress set aside the week of September 17 to 23 as Constitution Week, with September 17 designated as Citizenship Day.

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