Tuesday, February 04, 2014

David Jolly Not Truthful in Debate

Republican candidate David Jolly hysterically claimed in his debate with Alex Sink that he never lobbied for offshore drilling. Unfortunately for Jolly he filled out a lobbying disclosure form stating he was working on behave of Free Enterprise Nation to expand offshore drilling. Jolly also wrote a blog post on the Free Enterprise Nation website in support of H.R. 909. The bill would expand offshore drilling.

Rising Gas Prices to Force Congressional Debate. Anytime gas prices rise dramatically, Congress begins anew to examine our nation’s energy policy. FEN members who have read Jim MacDougald’s book UNSUSTAINABLE will remember his call for a long-term energy plan that creates private sector jobs through the building or expansion of new refineries, including expanded drilling for natural gas. FEN will stay closely involved as Congress begins to debate this issue in the coming weeks, including advocating for legislation recently introduced by Rep. Devin Nunes (CA), the Roadmap for America’s Energy Future (H.R. 909). As stated in a letter of endorsement from Mr. MacDougald, “The Roadmap for America’s Energy Future promotes an energy policy that is both market-based and is technology neutral. It provides a thoughtful national energy policy that promotes the economic interest of the private sector by reasonably expanding permits and licenses for companies to engage in energy exploration and production, and by encouraging private sector development of new energy sources in an economically sensible way.”

Jolly would have voters believe that he Free Enterprise Nation paid him to lobby for offshore drilling and Jolly decided not to because... well we don't know why exactly. I'm sure Jolly didn't return Free Enterprise Nation's money. I doubt that Free Enterprise Nation would pay Jolly to not lobby on their behave. The mere suggestion on Jolly's part is silly.

Jolly made his claim that Social Security is not guaranteed. The statement is a scare tactic used by conservatives. Under the 14th amendment, the federal government is required to pay all debt.

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.

The Supreme Court case Perry v. United States confirmed that the federal government "invalidate the obligations which the Government has theretofore." Translation: the government must pay its debts. The Supreme Court cited the 14th amendment to back their decision. Jolly is claiming that the federal government will willingly violate the Constitution. Jolly doesn't explain how the federal government would pull this off or the motivation behind the action. Jolly either wants Wall Street to get Social Security money in private IRAs or he believes in black helicopters. I'm guessing the latter.

Social Security is solvent until 2037. The program faces significant challenges with baby boomers retiring but is in much better shape than the rest of the budget. What isn't mentioned in the report is that Social Security is partly funded by Treasury bonds. The Treasury Department can sell more T bonds to fund Social Security. Is Jolly going to sat that the Treasury Department isn't going to pay investor who cash in the T bonds? Treasury bonds are considered the safest bonds in the world to buy.

Jolly neither honest or has a basic understanding of constitutional law or economics. That is what happens when you are a corporate hack.

Update: Jolly supports overturning Roe V. Wade.

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