We all know how important tomorrow is, and as chairman of the U.S. Senate Border Security and Enforcement First Immigration Caucus I’ll be keeping a close eye on voter fraud, particularly from illegal aliens.
While this may sound bizarre to a lot of folks in Washington, illegal aliens and noncitizens have no constitutional right to vote in American elections. And they certainly shouldn’t influence the outcomes. Louisianians and the rest of America understand this as common sense.
A little over two years ago, President Obama signed the Dodd-Frank bill that promised to end taxpayer-funded bailouts, particularly related to the big Wall Street banks. Supporters of this legislation argued that government regulators needed more authority to deal with the largest financial firms. But instead, Dodd-Frank actually institutionalized the too-big-to-fail culture as it still prevails today from Wall Street to Washington. And without serious financial reform, there is no end in sight.
Last week, I wrote an editorial in The Wall Street Journal that outlines the type of systematic reforms we need to really put an end to bailout mania. We need to reform the core structure of the financial system, and we should start by increasing the required amount of capital the megabanks must keep on their books.
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