The Quad Cities Comic Book Convention will be held on Saturday December 3 at the Ramada Inn in Bettendorf, IA. The Ramada Inn is located at 3020 Utica Rd (I-74 @ Kimberly Rd / Spruce Hills Dr, IA Exit 2). It will be open to the public from 10 AM to 4 PM and admission for the public is free. Dealers from three states specializing in comic books new and old, toys and related. Or if you have old comics lying around that you no longer want bring them by dealers are buying.

For further information contact Alan at (309) 657-1599 or visit www.epguides.com/comics.

For months, Braley has pushed veterans hiring tax credit; bill sitting on President Obama's desk

 

Washington, DC - This morning, Rep. Bruce Braley (IA-01) will hold an event at the Veterans Memorial Auditorium in Cedar Rapids to discuss the Wounded Warrior and Returning Heroes tax credits passed by the US House last week.  President Obama is expected to sign the bill into law as early as this week.

Braley will be joined at the event by veterans and officials with Alliant Energy.

In response to high unemployment rates for veterans, in August, Braley introduced the Combat Veterans Back to Work Act, a precursor to the House-passed bill that provides a payroll tax break for businesses who hire a current member of the National Guard or Reserve or any unemployed veteran who has returned from deployment within the last 18 months.

In October, Braley hosted a House Veterans' Affairs Subcommittee on Economic Opportunity field hearing in Waterloo to focus on veterans' unemployment.  Braley is the highest ranking Democrat on that subcommittee.

TODAY, Monday, November 21st, 2011

 

10:00am in the Lobby of the Veterans Memorial Building, 50 - 2nd  Ave., Cedar Rapids, Iowa

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SPRINGFIELD, IL (11/20/2011)(readMedia)-- The Department of Defense announced today the death of an active duty Soldier from Moline Ill., who was supporting Operation Enduring Freedom.

Pfc. Adam E. Dobereiner, 21, died Nov. 18 in Kandahar province, Afghanistan of wounds suffered when insurgents attacked his unit with an improvised explosive device. Dobereiner was assigned to the 8th Engineer Battalion, 36th Engineer Brigade based at Fort Hood, Texas.

The Illinois National Guard is supporting the active component as well as providing military support to the Dobereiner family. 

The Dobereiner family will not address the media and will not be granting media access to the services to follow.

[MAQUOKETA, IA] Maquoketa Art Experience announces their first annual fundraiser, Building Community Through Art on Friday, December 2, 5-7 p.m. at Maquoketa Art Experience, 124 S. Main St. in Maquoketa. The evening includes special guest speaker, Figge Art Museum Curator Rima Girnius and a special exhibition of select portraits from artist Rose Frantzen's collection, Portrait of Maquoketa will be on display. The fundraiser also includes a silent auction, appetizers, and a group exhibition including the work of Iowa artists Thomas Metcalf, Sindi Mueller, Charles Morris, Dena Tollefson, and Mary Zeran.

Tickets are $25 per person. All proceeds benefit the growth of Maquoketa Art Experience, a not-for-profit arts organization that is working to build community in Maquoketa through visual arts exploration. For more information contact visit www.maquoketa-art.org. or call Paula Neuhaus at 563.652.9925.

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You are cordially invited, in fact highly encouraged if not guilt tripped to attend an open house and art sale at Leslie Bell's studio the first weekend of December. After 38 years in the St. Ambrose University Art Department (he's never gone home; not even once) the aforementioned Mr. Bell is retiring from fulltime teaching (to part time), hoping that his money doesn't run out before he goes to heaven. He's also desirous of getting rid of some pretty awesome art because he's been told time and time again, "You can't take it with you". And anyway, he's against renting a U-haul.

Have you always wanted to buy a painting, drawing, photograph, lithograph, intaglio, Xerox, thumbprint, used car or choice piece of beachfront property from Professor Bell? You're in luck. There will be hundreds and hundreds and several more hundreds of just such  things stacked and leaning about, waiting for you to snatch them up at record-low prices. He will not be driving his funny car nor will there be a radio DJ yelling at you in a politically incorrect manner about his mental health. The sales, however, will be insane by all accounts and since the artist himself is writing this diatribe, all accounts are coming straight from the horse's mouth.

OK. The particulars:

WHERE:  Studio House aka Les's studio?1918 Gaines Street, Davenport Iowa: the first livable structure north of Locust Street, west side of Gaines Street. There's a big parking lot at Locust and Gaines by the way. 50' from the front door! Call 563-639-4555 if you need more incentive to attend.

WHEN:  Thursday - December 1: 4?6 p.m.
              Friday - December 2: 4?6 p.m.
              Saturday - December 3: 1?3 p.m.

HOW:  If you're coming in from Illinois?Govt. bridge north to 1918 Gaines. If you're from outer space, it's the third stone from the sun. Follow the Mississippi River up from the Gulf of Mexico and stop when you see all the cars and bicycles and people dressed in black, smiling.

WHO:  Anyone brave enough to talk an artist out of a portion of his loot and willing to have a glass of faux Champagne and gawk at the pretty pitchers. And pictures.

WHY:  It's a chance to gain the status only MFA-generated art can bring to a household, dorm room, crash pad or Occupy SAU tent.

ENDING:  See you then and there.

Teen Events

Teen Advisory Group

Teens in grades 6-12 are invited to join the Teen Advisory Group at the Moline Public Library. Help plan programs, give input about what books and materials to add to the collection, make friends, and have fun. We meet the first Thursday of the month, and the next meeting is Thursday, December 1 at 3:30 in the Platinum Room. This program is free and no registration is necessary. For more information call 309-524-2440 or visit us at 3210 41st Street, Moline, IL 61265 or online at http://www.molinelibrary.com <http://www.molinelibrary.com/
> .


Teen Writers Group

Teen and Young Adult writers are invited to the Moline Public Library on the second and fourth Mondays of the month at 7:00 p.m. Bring a few short items to share with the group, get feedback, and learn some new tricks. The next meeting will be on Monday, December 12 at 7:00. This program is free, no registration is necessary. For more information call 309-524-2440 or visit us at 3210 41st Street, Moline, IL 61265 or online at http://www.molinelibrary.com <http://www.molinelibrary.com/> .


Anime Club

Teen and Young Adult fans of anime, manga, and all things Japanese are invited to the Moline Public Library the third Tuesday of the month at 3:30 for Anime Club. The next meeting will be on Tuesday, December 20 at 3:30. This program is free and no registration is necessary. For more information call 309-524-2440 or visit us at 3210 41st Street, Moline, IL 61265 or online at http://www.molinelibrary.com <http://www.molinelibrary.com/> .


Teen Reading Challenge

Teens in grades 6-12 are invited to take part in the Quad City area-wide Teen Reading Challenge. Pick up a Challenge log from your local library and keep track of how much you read between Jan. 8 and Jan. 28. Read 250 minutes to win a prize and an invitation to the Challenge Final Party on Friday, February 3rd. At 500, 750, and 1000 minutes get entered into drawings for more prizes. For more information, contact your local library.

Honors La Grange Military Hero

CHICAGO - November 19, 2011. Governor Pat Quinn today proclaimed Lance Corporal Joshua Misiewicz Day in Illinois, in recognition of Lance Corporal Misiewicz's exemplary service in the United States Marine Corps.

Lance Corporal Misiewicz, a 23-year-old La Grange resident, deployed to Afghanistan as a member of the 1st Batallion, 5th Marine Regiment in March 2011. While on patrol in the Helmund Province on July 20, 2011, Lance Corporal Misiewicz stepped on an improvised explosive device (IED) and sustained extensive injuries. Lance Corporal Misiewicz was later awarded the Purple Heart by Marine Commandant Gen. James Amos for injuries sustained during battle.

A copy of Governor Quinn's proclamation is attached.

WHEREAS, all citizens owe a tremendous debt of gratitude to the brave men and women of the United States Armed Forces who heroically serve to defend the freedom and safety of all Americans; and,

WHEREAS, by answering the call of duty during times of peace and war, these heroic service men and women have demonstrated a profound love for the people of this country and a steadfast commitment to the freedom that unites us; and,

WHEREAS, the United States and the State of Illinois are blessed by the 1.5 million men and women who have answered that call to serve our nation with courage and integrity; and,

WHEREAS, these members of our military are true heroes; and,

WHEREAS, since June 2011, more than 100,000 American heroes remain deployed in Afghanistan as part of Operation Enduring Freedom; and,

WHEREAS, one such hero was 23-year-old La Grange native and United States Marine Corps Lance Corporal Joshua Misiewicz; and,

WHEREAS, prior to pursuing his dream of enlisting in the Marines, Lance Corporal Misiewicz spent a lifetime representing his community in the highest esteem?as a member of the St. Xavier Parish, as an all-state all-star hockey player, as a 2006 honors graduate of Lyons Township High School, as a student athlete and associates' degree recipient from St. Mary's University of Minnesota in Winona; and,

WHEREAS, Lance Corporal Misiewicz deployed to Afghanistan as a member of the 1st Battalion, 5th Marine Regiment in March 2011; and,

WHEREAS, A Department of Defense photo of Lance Corporal Misiewicz giving high-five to an Afghan child in April 2011 became an image seen around the globe as a demonstration of the American goodwill toward the people of Afghanistan; and,

WHEREAS, Lance Corporal Misiewicz, while on patrol in the Helmund Province on July 20, 2011, stepped on an improvised explosive device (IED) and sustained extensive injuries; and,

WHEREAS, Lance Corporal Misiewicz has undergone more than two dozen surgeries and will continue to receive treatment at the Walter Reed National Military Medical Center in Bethesda, MD; and,

WHEREAS Lance Corporal Misiewicz has fought successfully against all odds; and,

WHEREAS, Lance Corporal Misiewicz, was awarded the Purple Heart by Marine Commandant Gen. James Amos for injuries sustained during battle; and,

WHEREAS, Lance Corporal Misiewicz has now accepted a new mission, spending much of his time with the support of his family and fellow Marines following the road to recovery en route to the future;

THEREFORE, I, Pat Quinn, Governor of the State of Illinois, do hereby proclaim November 19, 2011 as LANCE CORPORAL JOSHUA MISIEWICZ DAY in Illinois, in recognition of Lance Corporal Misiewicz's service and sacrifice, and encourage all citizens to express their respect and gratitude for our nation's troops by supporting them in whatever way possible.

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In Case You Missed It:  Ron Paul Makes Statement on Super Committee 
"This shows how unserious politicians are about our very serious debt problems"
LAKE JACKSON, Texas - 2012 Republican Presidential candidate Ron Paul released a statement today regarding the congressional Super Committee's failure to meet its goal with the deadline fast approaching. See below for statement.

"This week marks the deadline for the so-called congressional Super Committee to meet its goal of cutting a laughably small amount of federal spending over the next decade.  In fact the Committee merely needs to cut about $120 billion annually from the federal budget over the next 10 years to meet its modest goals, but even this paltry amount has produced hand-wringing and hysteria on Capitol Hill.  This is only cutting proposed increases.  It has nothing to do with actually cutting anything.  This shows how unserious politicians are about our very serious debt problems. 

"To be fair, however, in one sense members of the Super Committee face an impossible task.  They must, in effect, cut government spending without first addressing the role of government in our society.  They must continue to insist the federal government can provide Social Security, Medicare, and Medicaid benefits in the future as promised, while maintaining our wildly interventionist foreign policy.  Yet everyone knows this is a lie.

"Keep in mind that the 2011 federal deficit alone was about $1.3 trillion, which means the Super Committee needs to cut that much PER YEAR rather than over a 10 year period.  If Congress ever hopes to address its debt problem, it must first stop accumulating any new debt immediately, in 2012.

"Federal revenue likely will be about $2.3 trillion in fiscal 2012.  The 2004 federal budget was about $2.3 trillion.  So Congress simply needs to adopt the 2004 budget next year and the federal government will balance outlays and revenue.  That's all it would take to produce a balanced budget right now.  Was the federal government really too small just 7 years ago, in 2004?  Of course not.  Only Washington hysteria would have us believe otherwise.

"Yet our Republican and Democrat friends on the Super Committee want to take 10 years, or even 30 years, to produce a balanced budget.

"Government spending isn't just wasteful; it is often actively harmful to stated goals.  The Super Committee could simply apply 2004 spending levels across the board and a tremendous victory for fiscal sanity would be accomplished.

"What seems more likely, however, is a rearrangement of the tax code in an attempt to bring in more revenue.  Deductions and credits will be taken away, and the Bush tax cuts will be allowed to expire.  As a result, less money will remain in the private sector to create jobs and produce economic growth.  The Super Committee has an opportunity to take a small baby step in the right direction.  Instead, they no doubt will take this opportunity to raise taxes and make everything worse.  But increasing taxes will only diminish freedom and deepen the recession.  Instead of looking for ways to hike taxes under the guise of "raising revenue," the Super Committee should put forth a plan of real spending cuts to put America back on the path to liberty and prosperity."
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Ron Paul Endorsed by Cedar Rapids Tea Party Founder; Tim Pugh praises Paul at a 'Restore America Now' town hall meeting held in East Central Iowa
ANKENY, Iowa - 2012 Republican Presidential candidate Ron Paul was endorsed today by Cedar Rapids Tea Party founder Tim Pugh on the first day of the Congressman's two-day visit to Iowa.

"Ron Paul has an unwavering stance in defense of the Constitution, a conviction to the cause of freedom and liberty, a firm belief in a balanced budget, and devotion to a strong free market economy and a sound monetary policy.  He believes in a strong national defense, and not as the policeman of the world," said Mr. Pugh. 

"Ron Paul is the father of the modern-day tea party movement.  As a small business owner, a true tea partier and conservative, and as the founder of the Cedar Rapids Tea Party I personally endorse Ron Paul for President of the United States," said Mr. Pugh.

The endorsement occurred in East Central Iowa before a crowd of 400 supporters during a Cedar Rapids "Restore America Now" town hall meeting held at The Hotel at Kirkwood Center.

Prior to the Cedar Rapids event large crowds of 85 and 125 supporters greeted Dr. Paul in Benton and Jones Counties, respectively, for today's two other town hall meetings.  Crowds of this size are uncharacteristic as Vinton and Anamosa, where the events occurred, are located in rural areas of the Hawkeye State.

Mr. Pugh said he made his endorsement as a private citizen and added that his views do not necessarily reflect those of the more than 900 Cedar Rapids Tea Party members.  He also has signed onto the national advisory board of the "Gun Owners for Ron Paul" nationwide coalition.

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Ron Paul Signs on to Letter Calling for Pay Cut in Congress; Advocates cutting compensation to reduce deficit
LAKE JACKSON, Texas - Yesterday, 2012 Republican Presidential candidate Ron Paul joined a bipartisan group of legislators in a letter sent to the members of the Super Committee calling for a reduction in Congressional compensation as part of any proposal to reduce the deficit.

The letter advocates reducing Congressional pay to "send a powerful message to the American people that Congress should not be exempt from the sacrifices it will take to balance the budget." It also highlights the fact that members of Congress are paid salaries 3.4 times the average full-time American workers.

"Congressman Paul has always voted against congressional pay raises, and he not does participate in the lucrative pension program," said Ron Paul 2012 Presidential Campaign Committee Chairman Jesse Benton.

"Ron Paul understands that Washington has to tighten its belt just like the rest of America, which is why as President, he plans to take a salary of $39,336, which is approximately equal to the median personal income of the American worker."

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AMERICA'S ROLE IN THE WORLD: PEACE THROUGH STRENGTH AND CLARITY.

A few days ago, after coming under criticism for my answer to a question about Libya in an interview, I made a lighthearted comment that reflected all this - that I'm not supposed to know everything (most of the media quoted me as saying "anything") about foreign policy.

Bizarre things happen when you run for president, one of which is that statements like this go viral, with people claiming I had somehow made the case that no knowledge of world affairs is required for the job.

I obviously don't think that, but I'm also quite willing be honest about my strengths. My background is in the business world, and my greatest strength concerns the economy. My motivation in running for president is to apply my leadership skills to all issues - foreign and domestic. But clearly, as I have met with foreign policy luminaries like John Bolton and Henry Kissinger, I have done a lot more listening than talking - because they know a lot more about it than I do, and it would be absurd for me to claim otherwise.

That said, a man taking the oath of office for the presidency must have a sense of America's place in the world, and must have a clear idea of the challenges, threats and opportunities that present themselves. Otherwise, success on the economic front likely goes for naught, as mistakes in the international arena tend to be costly both in the short term and in the long term.

My approach to foreign policy is to apply a general set of principles to each situation we face, and I have summarized these principles as peace through strength and clarity. This is a modernized version of the Reagan philosophy that helped bring down the Soviet Union and the communist regimes of Eastern Europe, and also won a series of victories - though not a complete and lasting victory - in South and Central America.

What does this mean?

In a broad sense, it means that I would not retreat on initiatives that strengthen America's strategic standing in order to buy some sort of accommodation with those who do not have an interest in our security. For example, I would not have welched on America's commitment to install a missile defense system in Eastern Europe because the Russians didn't like it. The security of the U.S. and our allies would take precedence over the concerns of a nation whose strategic interests are often contrary to ours.

That is one of the reasons I would not have signed the New START treaty, as President Obama did in 2010. Not only did that treaty commit America to arms reductions that the Russians would not necessarily have to match, but it permitted them to maintain a sizable advantage in tactical nuclear weapons, while ignoring programs and ambitions of other nations like Iran, North Korea, China and Pakistan. But more to the point, we simply don't need to be signing treaties like this with unfriendly countries. The United States can make its own decisions about the nature and the volume of strategic assets we want to deploy. We don't need to ask anyone's permission.

As president, I intend to be a strong supporter of America's strongest allies, and that absolutely includes Israel. I agree with the statement of Prime Minister Benjamin Netanyahu that if Israel's enemies were to lay down their weapons today, there would be peace, whereas if Israel were to lay down its weapons, there would be no more Israel. Supporting Israel is crucial not only because it is an important strategic ally, but also because it is the most free and democratic nation in the region, and a threat to Israel's security is a threat to freedom everywhere.

Peace through strength and clarity means there is no doubt about where we stand, for what we stand and with whom we stand. We stand in support of free nations who respect the rights of their people and do not threaten their neighbors. And we treat our allies like allies. President Obama's lukewarm treatment of Great Britain has served to create tension within the most important strategic relationship we have ever had. Likewise, his friendly embrace of Venezuela's Hugo Chavez during a meeting of regional leaders sent exactly the wrong signal, as did his naïve statement during the 2008 campaign that he would sit down and talk to Iran's Mahmoud Ahmadinejad without conditions.

Peace through strength means recognizing that we are the United States, and we are the ones who approach these things from a position of strategic superiority. Clarity means we treat our allies like allies, and others have to earn the right to stand with us (and that especially applies to those who hope to receive aid from us - that isn't happening if you are hostile to us or to our allies).

I agree with former President George W. Bush that the United States should promote free democratic movements throughout the world, and that it is in our strategic interests to do so. That does not mean we try to "impose democracy at the barrel of a gun," as some of Bush's rather disingenuous critics claimed he was doing. It means we support these movements where the opportunity presents itself (as President Obama should have in Iran and Syria) or when strategic necessity compels us (as I believe President Bush correctly did in Iraq in 2003). And you don't always have to use force.

Peace through strength and clarity also recognizes the danger posed by nuclear proliferation, particularly when it involves regimes like Iran or North Korea, which give every reason to believe they may initiate the use of nuclear weapons against other nations. The U.S. must be willing to use its power to stop nuclear proliferation. If we regard such action as beyond the pale, then we essentially concede that all non-proliferation agreements are meaningless.

The most effective application of strength is that which is rarely used. Our troops are already overstretched and our financial resources are limited. An America that is capable and ready, and backs up what it says, won't have to take action all that often. The world's bad actors will know we are serious.

I think it's clear by now that I am not going to score the best of all the candidates on media pop quizzes about the details of current international events. Some have claimed that I take some sort of perverse satisfaction in not knowing all these details. That is not true. I want to know as much as I can. But a leader leads by gathering all the information available in a given situation, and making the best decision at the time based on that information, and in accordance with sound principles. As president, I would not be required to make decisions on the spur of the moment based on a question from a reporter. I would make them the way I made them as a CEO - based on careful consideration of all the facts and the best advice of the best people.

But it is crucial to understand that my foreign policy decisions will always be based on the principles I have laid out here. That will not change, because these are the principles that best represent America's heritage, and best advance our interests, as well as the interests of all freedom-loving nations and peoples.

Herman Cain Reacts to Obama's Super Committee Super Failure

"President Obama and his ultraliberal, anti-job creating comrades in the Democrat Party are apoplectic because Republicans are standing strong with the American people, refusing to hike their taxes during Obama's Great Recession. Obama, again, is failing Americans, providing no leadership, and exacerbating our national debt to more than $15 trillion - over $48,000 for every American man, woman and child.

"We must immediately cut spending - for real, not the Obama way - and dismantle the barriers to growth. We must simplify the tax code, which my '9-9-9 Plan' does. According to former Reagan Treasury official Gary Robbins, of Fiscal Associates, 9-9-9 will expand our GDP by $2 trillion, create 6 million new jobs, increase business investment by one-third, and increase wages by 10 percent.

New leadership in Washington after Nov. 6, 2012 will unleash the American spirit of prosperity once again and toss Obama's failed economic leadership into the history books."

 

 

Cain Campaign Announces 800th Precinct Captain in Iowa - People Ready to 'Put a CEO in the White House.

Steve Grubbs, the Iowa Chairman for the Herman Cain for President Campaign announced today that the organizational effort in Iowa had reached a significant milestone: 800 precinct captains across the state.

"Our entire grassroots team continues their sprint to the caucuses. On October 20th, the campaign started with 30 precinct captains and less than a month later, has successfully reached 800 precinct captains across the state," said Steve Grubbs, Iowa campaign chair. "I want to congratulate Larry Tuel and his Des Moines staff for their herculean effort. People have wondered if four paid staffers could get the job done of much larger staffs, but with our legion of passionate grassroots volunteers, we are seeing a true revolution in American politics."

There are roughly 1600 precincts in Iowa and each one will hold a Republican caucus on January 3rd. Some urban caucuses will be combined with other precincts making the job of organizing a little easier.

"The rapid growth of our organizational effort in Iowa shows that despite whatever challenges may present themselves, the Cain Campaign is charging ahead," said Mark Block, Chief Political Strategist and Chief of Staff for the campaign effort. "Our social media model delivered roughly 25 percent of our Iowa precinct captains which is a tribute to our people and the new model of campaigning in the United States."

With less than six weeks before the First-in-the-Nation Iowa Caucuses, the Iowa Cain team still has a big task in front of it. "We are filling our Des Moines phone bank with volunteers every day and using our Internet-based phone system as well to leverage our volunteers across the state," said Larry Tuel, State Director for the Iowa Cain campaign.

"As a point of comparison, when I worked with the Dole and Forbes campaigns, we spent six to eight months getting our precinct captains lined up. I believe the Cain campaign will accomplish the same thing in about eight weeks," said Grubbs. "People have doubted this campaign from the beginning, but people are ready to put a CEO in the White House and get this economy turned around."

Phone bank director, Steven Hensler, has headed up the phone calling in Iowa along with Lisa Lockwood and Zach Dalluge.

 

 

Herman Cain Picks Up Eight Endorsements from Key New Hampshire Legislators

Republican Presidential candidate Herman Cain received eight additional endorsements today from key New Hampshire GOP political leaders, including a former U.S. Attorney and current and former New Hampshire State Representatives.

These latest endorsements came in advance of Mr. Cain's successful visit to the Granite State to personally file his delegate list.

Mr. Cain received additional endorsements from: Thomas Colantuono, former U.S. Attorney for NH; former Rep. Mark Carter (Hillsborough-19); Rep. Sam Cataldo (Strafford-03); Rep. William Condra (Hillsborough-04); former Rep. Robert Giuda (Grafton-02); former Rep. James A. Lawrence III (Hillsborough-18); Rep. Kevin Reichard (Rockingham-05); Rep. Joseph Thomas (Hillsborough-19).

Early last month, Mr. Cain received the endorsements from the following individuals: Rep. Steven Smith (Sullivan-05); Rep. J. Michael Ball (Hillsborough-09); Rep. William Panek (Strafford-0 3); Rep. Charles Brosseau (Grafton-0District 6); and Jack Kimball, former Chairman of the New Hampshire GOP Committee.

"I greatly appreciate the vote of confidence from these distinguished New Hampshire GOP leaders," said Herman Cain. "These gentlemen are fine public servants and with their help we will win the Republican nomination."

Lack of Obama Leadership Will Lead Super Committee to Super Failure

With T-minus 7 days until the Super Committee's deadline to find $1.2 trillion in deficit reduction, the countdown has begun and Republican Presidential candidate and businessman Herman Cain today asked, "Where is the presidential leadership?"

The President's lack of leadership and obvious failure to reduce the nation's debt in half, as promised, has exacerbated our debt crisis to $15 trillion - over $48,000 of debt for every American man, woman and child.

It's very unlikely the Super Committee will achieve anything meaningful with respect to budget discipline. While there are many reasons for this, the biggest is the lack of presidential leadership.

"President Obama hasn't demonstrated an understanding of how far beyond its means the federal government is living. Consider: The president touted $1.2 trillion in slowing the rate of government growth over 10 years as a major achievement but thought nothing of perpetrating an $862 billion 'stimulus' package just months after taking office. And when it didn't stimulate any economic growth, he asked Congress for another spending extravaganza worth more than $400 billion," said Cain.

While President Obama sits on the sidelines and career politicians fight over what programs to cut, the American people are suffering and demanding new leadership in the White House. Of course, all of this requires an understanding of the problem, and the political will to actually solve it. And that will require new leadership, because we already know the current leader has failed on both accounts.

"We must immediately cut spending - for real, not the Obama way - and remove the barriers to growth. We must simplify the tax code, which my '9-9-9 Plan' does. According to former Reagan Treasury official Gary Robbins, of Fiscal Associates, the '9-9-9 Plan' will expand our GDP by $2 trillion, create 6 million new jobs, increases business investment by one-third, and increase wages by 10 percent," Cain said.


Herman Cain Leads Among Female Independent and Republican Voters in Iowa

In the most recent Iowa State University/Gazette/KCRG survey, Republican frontrunner Herman Cain leads the Republican field in Iowa with 24.5 percent of likely Republican caucus voters.

In the same poll, Mr. Cain is also in first place among female voters with 27.8 percent - a 9.1 percent advantage.

"Iowa is the first stop for the Cain Train this primary season.  I truly appreciate the support of Iowa caucus-goers and their vote of confidence as we build upon our growing momentum," said Herman Cain.

Indepdendent & Republican Caucus Voters

Source: Iowa State University/Gazette KCRG

Reed and Grassley Seek to Increase Transparency at Accounting Watchdog

 

WASHINGTON, DC - In an effort to protect the investing public and improve the oversight of corporate auditing, U.S. Senators Jack Reed (D-RI) and Chuck Grassley (R-IA) are introducing the PCAOB Enforcement Transparency Act of 2011.

In the wake of a series of corporate accounting scandals, such as Enron, that cost investors billions of dollars and hurt the U.S. economy, Congress established the Public Company Accounting Oversight Board (PCAOB) as a watchdog to oversee auditors of public companies.   The 2002 Sarbanes-Oxley law creating the Board also required PCAOB's disciplinary proceedings to be kept confidential through charging, hearings, initial decision, and appeal.  Unfortunately, the secretive nature of the process enables firms that engage in misconduct to drag out the proceedings for years while the investing public is kept in the dark.

The Reed-Grassley bill will make PCAOB disciplinary proceedings public to bring auditing deficiencies at the firms or the companies they audit to light in a timely manner and help to deter violations.

"The PCAOB is responsible for ensuring that auditors of public companies meet the highest standards of quality, independence, and ethics.  Reliable financial reporting is vital to the health of our economy and we must take the legislative steps necessary to enhance transparency in the PCAOB's enforcement process.  Currently, Congress, investors, and others are being denied critical information about an auditor's disciplinary process.  Investors and companies alike should be aware when the auditors and accountants they rely on have been charged or sanctioned for violating professional auditing standards," said Reed.

"Sunshine is the best disinfectant," Grassley said.  "This legislation levels the playing field between auditors reviewed by the SEC and auditors reviewed by the PCAOB.  Currently, PCAOB proceedings are secret while SEC proceedings are not.    The secrecy provides incentives to bad actors to extend the proceedings as long as possible so they can continue to do business without notice to businesses about potential problems with a particular auditor.   This bill ends the secrecy and brings the kind of transparency that adds accountability to agency proceedings."

The PCAOB sets auditing standards for auditors of public companies, examines the quality of audit performed by public company auditors, and where necessary, imposes disciplinary sanctions on registered auditors and auditing firms.  The PCAOB oversees more than 2,400 auditing firms registered with the Board, as well as the thousands of audit partners and staff who contribute to a firm's work on each audit.

The lack of transparency surrounding disciplinary proceedings under current law can provide unscrupulous firms with an incentive to litigate cases in order to continue to shield conduct from the public.

For example, an accounting firm that was subject to a disciplinary proceeding issued no fewer than 29 additional audit reports on public companies during the course of the proceedings.  Those public companies and their investors were completely unaware there was a potential auditing problem with this accounting firm.   Before the firm was expelled from public company auditing, it issued those audit reports, knowing all the while that it was subject to disciplinary proceedings.  But investors were denied this information.

PCAOB's closed proceedings run counter to the public enforcement proceedings of other regulators, including the U.S. Securities and Exchange Commission (SEC), the U.S. Department of Labor, the Federal Deposit Insurance Corporation (FDIC), the U.S. Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority (FINRA), and others.  Nearly all administrative proceedings brought by the SEC against public companies, brokers, dealers, investment advisers, and others are open, public proceedings.

This Reed-Grassley bill will make PCAOB hearings and all related notices, orders, and motions, open and available to the public unless otherwise ordered by the Board.  The PCAOB procedure would then be similar to SEC Rules of Practice for similar matters, where hearings and related notices, orders, and motions are open and available to the public.

-end-

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