Tuesday 29 July 2014

Unauthorized FATCA 'Intergovernmental Agreements' Are Part of Obama's Executive Overreach


From Forbes

“As charged by House Speaker John Boehner, President Barack Obama has demonstrated an unprecedented circumvention of Congressional authority “through executive action, changing and creating his own laws, and excusing himself from enforcing statutes he is sworn to uphold — at times even boasting about his willingness to do it, as if daring the American people to stop him.”

Paradoxically, the Administration’s “boasting” has gone hand-in-hand with blatant dishonesty. Infamous examples are Director of National Intelligence James Clapper’s denial to the Senate Intelligence Committee that the NSA collects “any type of data” on Americans and ex-IRS official Lois Lerner’s supposed forgetfulness about targeting of conservative groups.

Now it’s time to add another instance where the Administration not only has far exceeded its constitutional and statutory authority but has misrepresented its actions and sought to thwart Congressional inquiry into them. At risk is not only constitutional and legal principle but a potential partial default by the federal government, with, literally, incalculable impact on the American and global economy.”

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