May 24, 2012
“Law of the Sea” Treaty Undermines America
The Obama machine just keeps coming to take down America, her exceptionalism, and our country's free markets. Their current weapon is the "Law of the Sea" Treaty ("LOST"), which Reagan rightfully refused to sign in 1982. From FOX News about this week's push by Democrat John Kerry and others in the Senate to ratify this...
The Obama machine just keeps coming to take down America, her exceptionalism, and our country's free markets. Their current weapon is the "Law of the Sea" Treaty ("LOST"), which Reagan rightfully refused to sign in 1982.
"…. Some in the US Senate want to say yes to an international tax. It would be the first time in history that an international organization would possess taxing authority, and it would amount to billions of American dollars being transferred out of the US Treasury.
"Under the guise of being for “the good of mankind, ” LOST would obligate the United States to share information and technology in what amounts to global taxes and technology transfer requirements that are really nothing more than an attempt to redistribute U.S. wealth to the Third World.
"At the center of these taxes and transfers is the International Seabed Authority (ISA), a Kingston, Jamaica based supra-national governing body established by the treaty for the purpose of redistributing cash and technology from the “developed world” to the “developing world.”
"According to the U.S. Extended Continental Shelf Task Force, which is currently mapping the continental shelf, the resources there “may be worth billions if not trillions” of dollars….To make matters worse, the US would have no control over how or to whom the taxes and technology would be redistributed…
"Under the treaty, the transfer of these funds does not end with nation states. These royalty revenues would even be extended to “peoples who have not attained full independence or other self-governing status.” That means groups like the Palestinian Authority and potentially other groups with terrorist ties.
"Proponents of the treaty will claim that the technology transfer portion of the treaty has been significantly changed. In truth, nations with mining and resource recovery technologies like the United States will be obligated to share those technologies with Third World competitors….In other words, US companies would be forced to give away the very types of innovation that historically have made our nation a world leader while fueling our economic engine."
What ARE they thinking? How would LOST help our country? Why isn't America's well-being the first priority of our U.S. Senators?