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talkpoliticsNow to get the darn thing through the Senate. I've been finishing-up Bob Barr's book on the Impeachment of Clinton "The meaning of 'Is'" and am at the chapter on getting this trial through the Senate who poo poo'd the whole thing, gutting most/all of the REAL charges against Clinton including those w/in the Repub party. It is hauntingly sad to read the blow by blow, hence I hold scant hope for the bill but at least Dr. Paul found a way to get it moving, with out w/o the 300+ sponsors. There are just too many repeat behaviors from the Senate, and gov in general, for me to hold water in an ACTUAL audit of the Fed... but I'm still glad to know he found away around it since the gutted the original thing.
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The House Financial Services Committee has approved Rep. Ron Paul’s measure to drastically expand the government’s power to audit the Federal Reserve.
The measure, based on a Paul proposal that has attracted more than 300 co-sponsors, passed, 43-26, as an amendment to a financial reform bill. Florida Democrat and fellow Fed critic Alan Grayson co-sponsored the amendment with Paul and played a leading role drumming up support for it among committee members. The adoption of this amendment is an extraordinary victory for Paul, whose libertarian, anti-Fed leanings have often been dismissed by the political establishment.
The amendment would give the Government Accountability Office much greater to audit the Federal Reserve, which has a long history of independence from congressional audits. Paul and Grayson beat out a competing measure offered by Rep. Mel Watt (D-N.C.), who after weeks of negotiations with the pair felt their measure would threaten the Fed’s monetary policy.
This is a big victory in our effort to get an audit of the private central bank that is destroying this country. The people are tired, and action is starting to be taken thanks to Ron Paul.
Here is Congressman Paul's introduction of the amendment:
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The House Financial Services Committee has approved Rep. Ron Paul’s measure to drastically expand the government’s power to audit the Federal Reserve.
The measure, based on a Paul proposal that has attracted more than 300 co-sponsors, passed, 43-26, as an amendment to a financial reform bill. Florida Democrat and fellow Fed critic Alan Grayson co-sponsored the amendment with Paul and played a leading role drumming up support for it among committee members. The adoption of this amendment is an extraordinary victory for Paul, whose libertarian, anti-Fed leanings have often been dismissed by the political establishment.
The amendment would give the Government Accountability Office much greater to audit the Federal Reserve, which has a long history of independence from congressional audits. Paul and Grayson beat out a competing measure offered by Rep. Mel Watt (D-N.C.), who after weeks of negotiations with the pair felt their measure would threaten the Fed’s monetary policy.
This is a big victory in our effort to get an audit of the private central bank that is destroying this country. The people are tired, and action is starting to be taken thanks to Ron Paul.
Here is Congressman Paul's introduction of the amendment:
