The following oped by Rep. Ed Royce appeared in today's FlashReport. Upon first becoming Speaker in 2007, Nancy Pelosi promised to "bring openness and transparency to the budget process." Today, with passage of the new House rules for the 111th Congress she is doing just the opposite. The Democrat Leaders' new rules limit the dissent of the minority, inhibit open debate and cloud transparency. It reverts Congress back to undemocratic one-party rule and backroom deals that we rejected more than ...
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The following oped by Rep. Ed Royce appeared in the Orange County Register. Exit polls suggest President-elect Barack Obama won largely because of our economic distress. With the White House in Democratic control, and the Democratic congressional majority expanded, new economic stimulus plans will emerge, all centered on new programs and new government spending. But before proceeding with new government spending – which we don't have the money for – we should look closely at the financial bailo...
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Today, I voted No on the $700 billion bill to bail out failing financial institutions. While I believe the underlying problems in our economy are serious and need to be addressed, the bill put forward did not do enough to protect taxpayers and did not enact the reforms needed to address the underlying problems. I will work with my colleagues in Congress to come up with a solution that addresses the current economic difficulties by encouraging more private capital to flow into our financial insti...
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The following oped, Inevitable Collapse by Royce appeared in today's Washington Times. Much of the debate in Washington lately has focused on the Treasury Department's proposal to address the current market turmoil through a $700 billion program. While overleveraging and poor investment decisions were large contributors to our struggling economy, Congress and the federal government must also share a good portion of the blame. The Treasury Department's takeover of Fannie Mae and Freddie Mac mark...
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The following is an opinion editorial by Sen. Sununu, Sen. Johnson, Rep. Bean and Rep. Royce which appeared in the Wall Street Journal. Insurance Companies Need a Federal Regulator Never before has the Federal Reserve felt compelled to commit tens of billions of taxpayer dollars to shore up a company it does not regulate. But now that the Fed is doing just that with its $85 billion bailout of the American International Group (AIG), it's time for Congress to reform how insurance companies are re...
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The following oped by Rep. Ed Royce appeared in the Orange County Register. Today, 80 percent of world oil reserves are owned by government-owned companies and controlled through cartels. Saudi Arabia nationalized Aramco; Iran seized British Petroleum in the Persian Gulf; Hugo Chávez two years ago commandeered Venezuelan oil fields run by European companies; and every March 18, Mexico officially celebrates oil expropriation day (which, coincidentally, coincides with the last time major maintena...
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The following was posted on the FlashReport: by Jon Fleischman Today the Congress is preparing to vote on a massive mega-billion dollar "bail out" of Freddie Mac and Fannie Mae" - along with billions of other "gifts" to those impacted negatively by the mortgage crisis ("gift" - paid for with our tax dollars). Congressman Ed Royce (R-Orange County) just sent over this well written piece on this ill-advised legislation: Socializing Risk While Funding the Left By U.S. Represenative Ed Royce Today ...
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The following is an oped by Rep. Ed Royce that appeared in the Washington Times: Seven years ago, the United Nations held a conference on racism in Durban, South Africa to address what some saw as growing trends in hate speech and discrimination. Lofty ideals aside, the conference quickly collapsed into an anti-American, anti-Israeli spectacle. As then-Palestinian leader Yasser Arafat delivered rants on the conspiratorial and racist goals of Israel, others handed out flyers celebrating Adolf Hi...
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Many of you are aware of my efforts to secure our nation's borders. I am continuing to push to keep America safe with a sound enforcement first immigration plan. Just this Monday I sent a letter over to President Bush urging him to extend Operation Jump Start. Operation Jump Start began in 2006 as a tool to make our borders safer and stronger. 6,000 National Guardsmen were deployed along the Southwest border to increase our resources along the border and to effectively secure our nation. During...
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An exclusive column penned for the FlashReport by U.S. Representative Edward Royce. On Thursday, Congress overrode a President's veto and passed the 2008 farm bill, continuing one of Washington's more regrettable traditions. This year's legislation contains $25 billion in agricultural subsidies which will go to protecting farmers, often through direct payments, from lower crop prices. This 75 year old tradition has developed into America's largest corporate welfare program and it needs to end. ...
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