Obama’s 'Law of the Sea' Treaty Spreads the Wealth Around
Kingston, Jamaica, as seen from satellite. A proposed treaty could redirect U.S. money to an organization based out of the city. (NASA)
Law of the Sea Treaty once again rears its ugly head in U.S. Senate
By Steven Groves The Heritage Foundation
It's bad enough when American tax dollars are blown on government-created debacles such as Solyndra and "Operation Fast and Furious." But at least in those instances the expenditures carried a bare modicum of democratic legitimacy.
What if, on the other hand, the U.S. Treasury was raided for billions of dollars, which were then redistributed to the rest of the world by an international bureaucracy headquartered in Kingston, Jamaica?
That's what will surely happen if the U.S. Senate gives its advice and consent to the United Nations Convention on the Law of the Sea, a deeply flawed treaty that was rejected by President Ronald Reagan in 1982. (The treaty was revived by President Clinton, who sent it to the Senate in 1994. It has languished there ever since.) The Obama administration is pushing for Senate action on the treaty, and Sen. John Kerry, D-Mass., is currently scheduling a series of hearings to extol the purported benefits of LOST, the first of which is set for May 23.
Of course, the vampire must feed, and its sustenance is American dollars, sucked out of the U.S. Treasury by a provision of LOST known as Article 82. If the U.S. joins LOST, it will be required by Article
82 to forfeit royalties generated from oil and gas development on the continental shelf beyond 200 nautical miles — an area known as the "extended continental shelf" (ECS).
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http://nation.foxnews.com/law-sea-treaty/2012/05/21/obama-s-law-sea-treaty-spreads-wealth-around#ixzz1vWDry8e3________________________
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F OBAMA AND HIS DISGUSTING SUPPORTERS. TRAITORS.
