Excerpts from Senator Bernie Sanders below.
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We need more Senators like this fighting for Americans!
As President Obama weighs a replacement for Federal Reserve Chairman Ben Bernanke, Sens. Bernie Sanders and Elizabeth Warren said the next central banker must address whether the Fed's top priority is meeting its full-employment mandate, whether to break up “too-big-to-fail” banks, whether the deregulation of Wall Street contributed to the recession and whether $2 trillion that financial institutions have parked at the Fed should be used to help small- and medium-size businesses create jobs.
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| Postal Service Rebounds | |
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| Revenue is rebounding and the U.S. Postal Service would have posted a profit for the past three months without an unprecedented requirement that it sink $5.5 billion a year into future retiree health care. The latest quarterly report released on Monday showed a $740 million loss, but all that red ink would have been wiped away and a $660 million profit would have been posted had the Postal Service not been forced to sink money into a system that already has set aside enough to meet the health care needs of retirees for decades to come. Bernie has introduced legislation to eliminate the pre-funding requirement while modernizing the mail service. His measure has 28 cosponsors. A companion bill in the House by Rep. Peter DeFazio has 166 cosponsors. | |
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| Global Warming | |
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| Last year was among the 10 warmest on record, according to a new report by the National Oceanic and Atmospheric Administration. The biggest changes in the climate last year were recorded in the Arctic and in Greenland. The Arctic warmed at about twice the rate of lower altitudes and lost record amounts of sea ice. “The findings are striking,” Kathryn Sullivan, NOAA’s acting administrator, told reporters. To Bernie, the report is the latest evidence that bold action is needed. “Our planet as a whole is becoming a warmer place. Global warming is the most serious environmental crisis facing the world today. It demands bold action to preserve our planet for our children and grandchildren.” America must lead the world. Congress must pass Bernie’s bill, cosponsored by Sen. Barbara Boxer, to tax carbon and methane gas emissions that cause global warming and move our nation away from fossil fuels to sustainable energy and energy efficiency. | |
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