Treasury, Lois Lerner planned to change rules for 501(c)(4)s in secret

Untrustworthy.

In a House Ways and Means Committee hearing on Wednesday, Republican members highlighted a 2012 email from a Treasury Department official that indicated the Obama administration was planning to revise the rules for 501(c)(4) organizations without notifying the public that it was deliberating this move (emphasis added).

The Obama administration’s Treasury Department and former IRS official Lois Lerner conspired to draft new 501(c)(4) regulations to restrict the activity of conservative groups in a way that would not be disclosed publicly, according to the House Committee on Ways and Means.

The Treasury Department and Lerner started devising the new rules “off-plan,” Continue reading “Treasury, Lois Lerner planned to change rules for 501(c)(4)s in secret”

What is the alternative to US Treasury securities?

Faith and credit.

That is the question of the hour, as a downgrade looms for our public debt bond rating.  The question is far larger than mere return on investment.  Return on investment is a small investor’s perspective: the perspective of someone who just hopes to get a return on margin from a system he has no real say in – and not much of a stake either, all things considered.

But there is a larger perspective.  US Treasury securities have performed a unique role for the last 70 years.  The biggest one by far may not be the one you think. Continue reading “What is the alternative to US Treasury securities?”