Audit the Fed Update

Discussion in 'Congress' started by Kevin_Kennedy, Jul 7, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    [youtube]4tRQHsXujpo[/youtube]

    Campaign For Liberty — Breaking News on Audit the Fed!

    Senator Jim DeMint added the Audit the Fed bill as an amendment to another piece of legislation in the Senate and it was blocked by some Democrats I guess. Scared of transparency apparently.
     
  2. DiveCon
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    isnt that a bit premature?
    doesnt it have to pass the house first?
     
  3. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    It was premature for the Senate considering there are only a few co-sponsors to the actual bill in there, but I don't see why it should have to pass the House first. It's not an appropriations bill.
     
  4. DiveCon
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    that's true
    but it still seems better if it does
     
  5. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Why's that?
     
  6. Aristophanes
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    Aristophanes Member

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    Love the idea, support the idea 100%, but it'll never happen. There's too much power and money tied up in the Fed, directly and indirectly.

    If it DOES happen, I'd expect the audit to be about as effective as a North Korean nuclear weapons inspection in 1995.
     
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  7. DiveCon
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    so you dont have 2 different versions
     
  8. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Well if it does miraculously pass both the House and the Senate I expect Obama will veto it.
     
  9. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Well H.R. 1207 and S. 604 are both worded the exact same as one another, and though I didn't read it, I believe this amendment was worded the exact same as well.
     
  10. Aristophanes
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    And sure enough, the amendment was killed in the Senate earlier today.
     

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