The problem is that the Times, in its story, "At U.N., a Sandinista's Plan for Recovery," didn't mention until the 13th paragraph that the official U.N. list of "experts" behind the plan include an American economist, Joseph E. Stiglitz, a Nobel Prize-winning professor from Columbia University who supported and contributed to Obama's presidential campaign and advises Congressional Democrats on economic policy.

Stiglitz, a former Clinton official and financial contributor to the Democratic Party and its candidates, wrote the book, Making Globalization Work, in which he argues for a variety of global tax schemes that would cost American taxpayers billions of dollars. Last October he met behin...

The problem is that the Times, in its story, "At U.N., a Sandinista's Plan for Recovery," didn't mention until the 13th paragraph that the official U.N. list of "experts" behind the plan include an American economist, Joseph E. Stiglitz, a Nobel Prize-winning professor from Columbia University who supported and contributed to Obama's presidential campaign and advises Congressional Democrats on economic policy.

Stiglitz, a former Clinton official and financial contributor to the Democratic Party and its candidates, wrote the book, Making Globalization Work, in which he argues for a variety of global tax schemes that would cost American taxpayers billions of dollars. Last October he met behind closed doors with congressional Democrats, including House Speaker Nancy Pelosi, to devise the economic "stimulus" plan of more federal spending and debt.

Incredibly, Stiglitz was quoted in a U.N. press release last October as saying that the United Nations, which is notorious for corruption, had to intervene in the financial crisis because it was "the one institution that was inclusive and had political legitimacy..."

Other "experts" on the D'Escoto panel come from Russia and China, with one of his "special representatives," Oswaldo Martinez, identified as only being from Communist Cuba with no biography attached. Another D'Escoto "special representative," socialist and Jesuit Priest Francois Houtart, is the author of "Socialism for the 21st Century."

Toward this end, the "Report of the Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System" raises the possibility of global taxes to finance one of President Obama's legislative goals when he was a senator-committing 0.7 percent of Gross National Income as "official development assistance" or foreign aid. This was the essence of Obama's Global Poverty Act, which never came up for a full Senate vote because of increasing public awareness that it would commit the U.S. to spending $845 billion in additional foreign aid.

Global Tax Agenda

Under the heading of "Innovative Sources of Financing" (page 109), ...

Toward this end, the "Report of the Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System" raises the possibility of global taxes to finance one of President Obama's legislative goals when he was a senator-committing 0.7 percent of Gross National Income as "official development assistance" or foreign aid. This was the essence of Obama's Global Poverty Act, which never came up for a full Senate vote because of increasing public awareness that it would commit the U.S. to spending $845 billion in additional foreign aid.

Global Tax Agenda

Under the heading of "Innovative Sources of Financing" (page 109), the U.N. document declares that "For some time, the difficulty in meeting the UN official assistance target of 0.7 per cent of GNI of industrial countries as official development assistance, as well as the need for adequate funding for the provision of global and regional public goods (peace building, fighting global health pandemics, combating climate change and sustaining the global environment more generally) has generated proposals on how to guarantee stable sources of financing for these objectives."

These proposals, the document says, include initiatives involving "taxation for global objectives." It adds, "Two suggestions deserve special attention: a carbon tax and a levy on financial transactions." The global carbon tax, the document says, could generate $130 billion a year, while estimates of the revenues from a currency transaction tax range from $15 to $35 billion. Other global taxation options are also examined.