President Obama Lights a Fire on Unconstitutional Bank

As reported in the New York Times, President Obama's new infrastructure plan includes a call to establish the unconstitutional National Infrastructure Development Bank. The Times' article made clear the intent of establishing this entity:

Indeed, some leading proponents of such a bank — including Gov. Arnold Schwarzenegger, Republican of California; Gov. Ed Rendell, Democrat of Pennsylvania; and Michael R. Bloomberg, the independent mayor of New York — would like to see it finance a broader range of projects, including water and clean-energy projects. They say such a bank would spur innovation by allowing a panel of experts to approve projects on merit, rather than having lawmakers simply steer transportation money back home.

So, we need to establish this bank because our elected representatives cannot be trusted to spend the money in the way that big state governors and big city mayors approve of. But, the constitution makes it clear that spending our money is the job of our Representatives, and this duty cannot be delegated to an unelected committee.

Contact your Congressional and Senate delegation today and tell them to stop the unconstitutional National Infrastructure Development Bank.