LOST treaty will cost a lot of bucks

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More proof that the political class is hostile to the country it rules.

Law of Sea Treaty Could Cost U.S. Trillions
by  Steven Groves
07/06/2011

It’s the year before a presidential election, so it must be time to debate the Law of the Sea Treaty (“LOST”) again. As recently as last Thursday the Chief of Naval Operations pleaded for the U.S. to join the treaty. The Obama Administration has supported Senate action on LOST since at least May 2009 when it released its Treaty Priority List.

The last time LOST came up was in 2007 when the Senate Foreign Relations Committee, then chaired by Sen. Joe Biden, held hearings. But the treaty was never brought to the floor for a vote. 2011 is beginning to feel a lot like 2007.

Sen. John McCain recently spoke at the Center for Strategic Studies regarding U.S. interests in the South China Sea. He called on the Senate to “decide whether it is finally time to ratify the Law of the Sea Treaty.” McCain accused China of “working within the Convention to advance fringe views that aim to deny access to international waters.” The United States, he lamented, lacks “a seat at the table” since it has not acceded to LOST.

This charge is overblown, to say the least. When it comes to LOST, there is neither a table nor chairs to sit on.

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