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Weekly
Review
July
30,
2016
In
case
you
missed
it,
Congressman
Sanford's
Op-Ed
published
in The
Post
and
Courier:
By
Mark
Sanford
July
19,
2016
The
American
economist
Herb
Stein
once
observed,
“If
something
cannot
go
on
forever,
it
will
stop.”
I
don’t
know
when
the
stop
will
come,
but
I
know
that
we
are
rapidly
approaching
a
financial
day
of
reckoning
with
regard
to
federal
spending.
And
if
Washington
doesn’t
act
before
financial
markets
do
to
stem
the
tide
of
spending,
there
will
be
horrific
consequences
for
everyone
of
us
—
in
the
value
of
the
currency
we
hold,
in
inflation,
in
the
worth
of
our
savings,
and
in
our
way
of
life.
Each
day,
we
take
one
more
step
toward
a
day
of
financial
Armageddon,
yet
we
are
sleepwalking
our
way
there
in
Washington.
Continue
reading....
July
26:
The
One
Percent
Spending
Reduction
Act:
The
federal
deficit
is
the
yearly
shortfall
between
what
comes
in
in
taxes
and
what
is
spent.
Did
you
know
it
is
predicted
to
reach
$600
billion
this
year?
What
is
worse
is
that
it
is
projected
to
continue
growing
each
year
and
is
scheduled
to
surpass
$1
trillion
by
2022...just
six
years
from
now.
Reality
means
that
it
will
be
more
than
that
sooner
than
that….
It’s
for
this
reason
that
I
recently
introduced
the
Penny
Plan
with
Senator
Mike
Enzi -
which
would
balance
our
federal
budget
in
five
years.
The
Daily
Signal published
an
article
on
our
bill,
and
I’d
ask
you
to
take
a
read….
July
27:
Court
Reject's
China's
Claim
to
South
China
Sea:
Paul
Kennedy
wrote
a
book
years
ago
entitled
“The
Rise
and
Fall
of
the
Great
Powers.”
Its
premise
was
simple:
economic
supremacy
was
the
precursor
to
military
supremacy.
Without
the
ability
to
pay
for
the
cost
of
projecting
force,
projected
power
would
in
the
end
deteriorate.
This
makes
what
China
is
doing
now
in
the
South
China
Sea
anything
but
academic.
We
are
now
living
what
Kennedy
talked
about
years
ago.
As
you
probably
know,
an
international
tribunal
ruled
this
month
that
China’s
claims
of
sovereignty
over
the
South
China
Sea
is
illegal.
I’ve
posted
about
this
issue
a
couple
times
in
the
past
because
it
speaks
to
both
military
and
economic
international
issues
that
could
easily
escalate.
I
think
that
China’s
show
of
force
in
that
area
is
at
odds
with
the
country’s
claims
not
to
militarize
it,
and
it
threatens
the
$5.3
trillion
in
trade
that
passes
daily
through
those
international
waters
each
year.
In
that
same
vein,
I
wanted
to share
this
article
from The
Wall
Street
Journal,
if
you’d
like
a
bit
more
context.
July
28:
House
Votes
on
Food
Labeling
Standards: In
continuing
to
catch
up
with
all
the
activity
of
the
House
over
the
last
few
weeks,
I
wanted
to
write
on
S.
764.
This
bill
would
knock
out
state
Genetically
Modified
Organism
(GMO)
labeling
standards
and
replace
them
with
a
federally
mandated
barcode-style
label.
I
voted
no
along
with
36
other
Republicans
as
well
as
81
Democrats,
but
the
bill
passed
306
to
117. I’d
like
to
explain
why
I
voted
as
I
did.
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