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Home🌌Off Topics🌌Off Topics News & Politics › Ron Paul’s ‘Audit the Fed’ bill passes the House
07-25-2012 10:19 PM  8 years ago
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PsychoZ

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Ron Paul’s ‘Audit the Fed’ bill passes the House
http://news.yahoo.com/blogs/ticket/...-185936757.html

At long last, Ron Paul has his day.
The House of Representatives on Wednesday overwhelmingly approved the Texas Republican's bill to increase the transparency of the Federal Reserve. With bipartisan support, the measure passed 327-98. One Republican, Rep. Bob Turner of New York, joined 97 Democrats in voting against it.
For Paul, the journey to getting his bill approved in the House has been a long, and often lonely one. He first introduced the bill to a skeptical House a decade ago. While his efforts were ignored at the time, the call to "audit the Fed" has gained support from mainstream Republicans and Democrats.
On the presidential campaign trail in 2008, Paul spoke often about the need to make more of the Federal Reserve's activities public, a cause that became a rallying cry of his supporters. Paul's book "End the Fed" was published in September 2009, and he continued his crusade against the federal bank into his second run for the Republican presidential nomination in 2012. (Paul first ran for president as the Libertarian Party candidate in 1988.)
Paul's bill came to the floor Wednesday with 270 co-sponsors. The measure also received support from his fellow Republican presidential candidates during the primaries. Former Massachusetts Gov. Mitt Romney, the presumptive Republican presidential nominee, most recently voiced his approval for Paul's efforts last week.
"Ron Paul's 'Audit The Fed' bill is a reminder of his tireless efforts to promote sound money and a more transparent Federal Reserve," Romney posted on Twitter.
The bill, of course, is not without critics. Democrats say the Act could "politicize" the Federal Reserve's decisions—what Federal Reserve Chairman Ben Bernanke has called a "nightmare scenario."
"This bill would ... jeopardize the Fed's independence by subjecting its decisions on interest rates and monetary policy to GAO audit," said House Minority Whip Steny Hoyer, a Democrat from Maryland. "I agree with Chairman Bernanke that congressional review of the Fed's monetary policy decisions would be a 'nightmare scenario,' especially judging by the track record of this Congress when it comes to governing effectively."
While Wednesday's passage in the lower chamber is a victory for Paul and his supporters, the bill is considered dead on arrival in the Senate. Harry Reid, the Senate majority leader and a Nevada Democrat, has vowed not to put it to a vote.

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Ron Paul for president!!!
Tea Parties are for little girls with imaginary friends
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07-25-2012 10:30 PM  8 years ago
Dennis (RIP)

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Its very likely harry Reid will never let it get to the floor of the senate.

They do not want you to know what has happened to your money at all.
Liberty once lost, is lost forever.
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07-25-2012 11:24 PM  8 years ago
baby uh1

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Good! Go ahead and stick your neck even farther, Dirty Harry!Anything is possible if you don't know what you are talking about!
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07-26-2012 01:03 AM  8 years ago
punkin71

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Paul knows that an audit of the fed would lead to it's immediate abolishment. This man is very intelligent and I'm sure he already has plans on how to deal with reid.
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07-26-2012 01:27 PM  8 years ago
fla heli boy

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Now we'll see who the real person is that's responsible for all of this obstruction. Harry Reid....
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07-26-2012 06:28 PM  8 years ago
spaceman spiff

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How long till Reid is up for reelection?

Come on Nevada, it's about time to flush that old turd.
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07-26-2012 06:58 PM  8 years ago
fla heli boy

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4 years. He just got re-elected in 2010. I couldn't believe it.
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07-26-2012 09:32 PM  8 years ago
Metalizer

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Canton, Ohio

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Could it be that there was a 100 year deal done back in 1913 and that charter is coming to a end? Why else would there be all this crazy spending and all the guberment slicksters don't care. There was two other central bank deals done in the history of the US. Both where 20 year charters and was kicked out both times. The brits just never give up. Lord only knows what they would do to reinstate a new deal.
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07-27-2012 09:52 AM  8 years ago
punkin71

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illinois

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Search youtube for: harry reid I think we should audit the federal reserve He's gonna have a hard time digging himself out from underneath this.
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07-27-2012 11:32 AM  8 years ago
fla heli boy

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cape coral, florida

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he somehow always manages. Maybe that's why he looks like the crypt keeper. He should've been dead and buried a thousand times...
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