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Back from the grave: Demand for U.S. wealth giveaway

May 29, 2012
Bob Unruh, World Net Daily

‘Like a vampire, the Law of the Sea Treaty is never quite dead’

A treaty proposal that was buried several times has been resurrected in the U.S. Senate, where alarmed critics are warning its ratification, quite simply, would mean the transfer of the authority and wealth that has made the United States the world’s leader to Third World countries.

Or even to non-countries, as Sens. Orrin Hatch, R-Utah, and John Cornyn, R-Texas, contend in a commentary published by Fox News.

The senators point out that the Law of the Sea Treaty — which was flatly rejected by the Senate as long ago as Ronald Reagan’s presidency and then failed under Presidents Bush and Clinton — would extract global tax payments from the United States and transfer the revenue and the U.S. technology that generated it to Third World nations.

And now… the rest of the story. …..

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