Comment: Santa Claus impersonators

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Santa Claus impersonators

do, as you say, come out notoriously in December when they sneak in the worse legislation posing as beneficent purveyors promising all the goodies, delivering the opposite. Phil Gramm (R-Texas) did it in 2000 pedaling the ‘promising era of deregulation’ which helped precipitate the economic crisis. The Commodity Futures Modernization Act which Gramm snuck in turned into a derivatives nightmare. Cost to the U.S. $150 billion plus; in this egregious case by the time the masses get past the NDAA assurances and guarantees all nicely wrapped in ‘American muscle’ bows, the loss to their civil liberties will have been immeasurably damaged. Only fifteen nay votes is a huge letdown, but at least we have a record. Good for Rand Paul voting NO.

"In the early evening of Friday, December 15, 2000, with Christmas break only hours away, the U.S. Senate rushed to pass an essential 11,000-page government reauthorization bill…. the Senate tacked on a complex, 262-page amendment at the urging of Texas Sen. Phil Gramm. There was little debate on the floor…Gramm promised that the amendment—also known as the Commodity Futures Modernization Act—along with other landmark legislation he had authored, would usher in a new era for the U.S. financial services industry."

Likewise as deceiving, NDAA 2014 ushers in the horrendous new era of the police state.