-Caveat Lector-

Dave Hartley
http://www.Asheville-Computer.com
http://www.ioa.com/~davehart


-----Original Message-----
From: Freedom Watch [mailto:[EMAIL PROTECTED]]
Sent: Thursday, September 09, 1999 11:22 AM
To: Freedom Watch
Subject: FREEDOM Watch: House votes to end draft, Federal Reserve takes
risky move : 090999


+++++++++++++++++++++++++++++++++
FREEDOM Watch
A look at what's new on "Project FREEDOM."
( http://www.house.gov/paul/ )
+++++++++++++++++++++++++++++++++
Issued: Thursday, September 9, 1999
+++++++++++++++++++++++++++++++++

(1) HOUSE VOTES TO END DRAFT REGISTRATION
(2) NY Fed move called "risky"

+++++++++++++++++++++++++++++++++
(1)
House votes to end draft registration
Majority agrees with Paul that Selective Service should end

WASHINGTON, DC -- The House of Representatives voted Wednesday night to
terminate the Selective Service System, saving taxpayers $250 million over
the next 10 years while ending the "systematic abuse of the civil liberties"
of millions of Americans. The vote was 232 to 187.

"Not only is the notion of involuntary servitude at odds with our system of
law and tradition of liberty, but it is not in keeping with the needs and
demands of a 21st Century defense program," said US Rep. Ron Paul (R,
Texas), who championed the cause to end the Selective Service program. He
introduced HR 1812, the Selective Service Stand-by Act. The measure would
have put the system into a deep hibernation, while transferring the funds to
veterans programs. ...

...Besides saving several hundred million dollars, Members of Congress
recognized the wisdom of such men as the late US Senator Robert Taft and
former President Ronald Reagan.

Senator Taft once said, "A compulsory draft ... is far more typical of
totalitarian nations than of democratic nations. The theory behind it leads
directly to totalitarianism. It is absolutely opposed to the principles of
individual liberty."

President Reagan said, "[T]he most fundamental objection to draft
registration is moral... a draft or draft registration destroys the very
values that our society is committed to defending."

In addition, a Department of Defense report found that Selective Service
could be ended "with no effect on military mobilization requirements, little
effect on the time it would take to mobilize, and no measurable effect on
military recruitment."...

...<SNIP>...
Read the entire PRESS RELEASE at:
http://www.house.gov/paul/press/press99/pr090999win.htm


+++++++++++++++++++++++++++++++++
(2)
NY Fed move called "risky"
Hearings needed to address 'troubling questions'

WASHINGTON, DC -- Wednesday's announcement by the Federal Reserve Bank of
New York that it will expand the collateral accepted in repurchase
transactions to include pass-through mortgage securities of GNMA, FHLMC and
FNMA, STRIP securities of the U.S. Treasury and "stripped" securities of
other government agencies raises troubling questions, US Rep. Ron Paul (R,
Texas) said.

"I have contacted the office of Rep. Spencer Bachus, the chairman of the
Subcommittee on Domestic and International Monetary Policy of the House
Committee on Banking and Financial Services, to call for hearings on this
important question," said Rep. Paul, vice-chairman of the subcommittee.
"Hopefully, hearings would put to rest serious questions raised by this
announcement."

Paul said the decision -- which the Federal Reserve said was made because of
"century date change" concerns -- sets a risky precedent...

...<SNIP>...
Read the rest of this PRESS RELEASE at:
http://www.house.gov/paul/press/press99/pr090999.htm


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