Audit the Fed Restored in Committee

Discussion in 'Congress' started by Kevin_Kennedy, Nov 19, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Congressman Ron Paul's amendment to restore the language of H.R. 1207 succeeded in committee yesterday. Now it just needs to go up for a vote, hopefully as a standalone bill.
     
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  2. Paulie
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    Paulie Platinum Member

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    Wow, that's HUGE!

    There must be a lot of pressure from constituents otherwise we both know this wouldn't see the light of day.

    Is this country actually waking the fuck up just in time? :eusa_think:
     
  3. Polk
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    Polk Classic

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    Oy.
     
  4. Claudette
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    Claudette Gold Member

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    Very big. To bad it wasn't restored earlier.
     
  5. KentuckyThinker
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    KentuckyThinker Member

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    Just Tuesday night when I talked to Rand Paul after his speech I said "it's a shame your dad's move to 'Audit the Fed' has been so watered down", and he told me "not so fast."
     
  6. Oddball
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    Oddball BANNED Supporting Member

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    Good thing. :)
     
  7. uscitizen
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    uscitizen Senior Member

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    When was it suspended? Yes too bad it apparently has not been in effect for many years.
     
  8. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    It's never been in effect, this was an amendment to a piece of legislation, H.R. 1207, in the House of Representatives. Another Congressman, Mel Watt, had introduced an amendment watering down the bill to essentially nothing, but Ron Paul's amendment won in the end.
     
  9. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Also, you may all be surprised that shills for the Fed are out en masse to deplore Ron Paul's amendment passing. Greenspan and Volcker, both former Fed chairman, have lined up in opposition to the bill. Does anyone else find it strange that the most high-profile enemies of this bill seem to be in some way connected to the Federal Reserve itself? Kind of makes you wonder what it is they have to hide from the American people.

    Greenspan, Volcker Opposed Ron Paul Audit Provision - Real Time Economics - WSJ
     
  10. Polk
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    Polk Classic

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    Or because, you know, the bill is a really retarded idea. If you think Congress does a good job with fiscal policy, you'll love the job they do when this bill hands them control of monetary policy too.
     

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