Lester Johnson
The Public Record
I think there is a great deal of agreement, certainly what I found, I would say consensus in Washington that we actually need to reform our Tax Code.
Enforceable spending controls, like the CAP Act, and a constitutional amendment to limit the size of government must first be passed.
A bicameral sunset committee should be established with the sole mandate of identifying Federal rules, regulations and laws that do more harm than good.
The real long-term looming crisis in terms of our budget is entitlements, Medicare and Social Security.
A regulation moratorium should be put in place until measures like the United Kingdom's one-in/one-out rule and the REINS Act can be enacted.
I am all for increasing revenue, but let's do it the old-fashioned way by actually getting economic growth.
Let's look at what we agree on. We agree on reforming government, we agree on pro growth tax reform, so let's actually start doing it this year.
Mr. Chairman, I testified before a panel that the CFTC put together a year or so ago, and after our research at Public Citizen, we deemed that high-frequency traders do not serve a legitimate function in these markets.
It is clear that they are not serving a legitimate market function. It is clearly disadvantaging those that are seeking to enter the market for legitimate hedging purposes.
the reality is different because if you are really going to rely on local districts or local governments we would not be increasing the size of FEMA.





