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Ron Paul Wastes More Taxpayer Money In Pointless Audit Bill

Samantha 2012/07/25 23:03:44
More insanity from Dr. Anti-Civil Rights Act! Mr. Paul, if you're interested in doing something constructive instead of using taxpayer funds for your crazy conspiracy theories, it would be a positive step forward if you could investigate something very real, the rape culture in the U.S. military.

The House of Representatives passed Congressman Ron Paul’s H.R.459, also titled the “Federal Reserve Transparency Act of 2012.” Contrary to popular claims, the Federal Reserve is, in fact, audited regularly.

...these meetings are to be held in secret in another piece of US Code in addition to the code which would be struck, which means this bill has not changed anything. It was redundant code in the first place.

Ok, so, what else does it call for? It calls for a comptroller audit of the Fed to be done by October 1st. But, checking with the Congressional comptroller’s office, the next audit is due on October 1st anyways. No change here.

...it calls for the audit to include provisions on the home mortgage crisis..the Reserve does not issue home mortgage loans, so this is an audit on nothing.

...annual audits are found on this page

http://www.federalreserve.gov/publications/annual-report/defa...

...audit on the TARP program is found here.

http://www.sanders.senate.gov/imo/media/doc/GAO%20Fed%20Inves...

The cost of the vote today comes to almost $3.5 million.

Read More: http://www.addictinginfo.org/2012/07/25/ron-paul-w...

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  • The Bantam Seditioner 2012/07/25 23:56:23 (edited)
    The Bantam Seditioner
    +10
    If you were really worried about the taxpayers' money, you'd want accountability and transparency for this cartel of *private* banks that has intentionally devalued our dollar by more than ninety percent since its inception in 1913.

    You could audit the Fed a thousand times, and its negative impact on taxpayers would still be negligible compared to the pernicious theft of their purchasing power that has taken place with no Congressional oversight.

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  • Greg 2012/07/26 04:30:54
    Greg
    +2
    Seeing as how a Democrat also spoke in favor of this bill, it would seem to me that you are the kook.
  • James 2012/07/26 02:07:15
    James
    +2
    How would you suppose we should hold the government accountable then? Not all audits are created equal.
  • Philo-Publius 2012/07/26 01:12:19
    Philo-Publius
    +1
    There's no rape culture in the US military and you know it. Your assertion that such a thing is 'very real' is nothing but a tinfoil hat conspiracy theory...
  • Samantha Philo-P... 2012/07/26 01:57:18 (edited)
  • Philo-P... Samantha 2012/07/26 02:33:33
    Philo-Publius
    +2
    Your links, and the facts and testimony they contain, are incontrovertible.

    It almost looks as if multiple, painstaking, in-depth investigations have been undertaken into this matter, some of them redundant and/or investigated by different entities in order to arrive at the whole truth, even after the military itself did their own internal probes.

    Maybe you're right and I'm wrong here: Thanks to so many good people persevering (and Congress taking action) until they found out the truth of what was occurring, these egregious violations of the public trust have now come to light and can be dealt with accordingly. What's more, the very fact that a light has now been shone onto this culture of secrecy and its being under closer public scrutiny from here on out will itself help to prevent future mischief.

    I apologize for doubting you; my above accusation is withdrawn.
  • Greg Philo-P... 2012/07/26 04:25:16
    Greg
    +1
    That's just a red herring intended to distract from the real issue.
  • Alien Ramone 2012/07/26 01:07:53 (edited)
    Alien Ramone
    +4
    I don't know why anyone would think that it's insane to want the entity, which prints the money to have a full audit, especially after the partial audit that Ron Paul made possible showed that the Federal Reserve unaccountably gave 16 trillion dollars in bailouts to companies and big banks including many foreign banks. That was separate from the 700 billion dollar bailout that Congress voted on. The idea that the audits do nothing is wrong. They show if there is wrong doing within the Federal Reserve, and the transparency will help discourage fraud and save a lot of money. It can also show, if the system needs to be changed:
    http://thetruthiswhere.wordpr...

    There is an example in the article that doesn't make sense. Ron Paul is not opposed to the investigation in any way, which is going on of the rape culture in the U.S. military, so I think the author of the article was purposely being misleading.

    In the article there is a link to Bernie Sanders web site to imply that since there was an audit of the TARP program, there doesn't need to be a full audit. Sanders, by the way, is in support of an audit of the Federal Reserve. Here is an interview with Bernie Sanders on the subject:


    If it costs millions of dollars for Congress to vote on a bill, even though Congress is already be...
    I don't know why anyone would think that it's insane to want the entity, which prints the money to have a full audit, especially after the partial audit that Ron Paul made possible showed that the Federal Reserve unaccountably gave 16 trillion dollars in bailouts to companies and big banks including many foreign banks. That was separate from the 700 billion dollar bailout that Congress voted on. The idea that the audits do nothing is wrong. They show if there is wrong doing within the Federal Reserve, and the transparency will help discourage fraud and save a lot of money. It can also show, if the system needs to be changed:
    http://thetruthiswhere.wordpr...

    There is an example in the article that doesn't make sense. Ron Paul is not opposed to the investigation in any way, which is going on of the rape culture in the U.S. military, so I think the author of the article was purposely being misleading.

    In the article there is a link to Bernie Sanders web site to imply that since there was an audit of the TARP program, there doesn't need to be a full audit. Sanders, by the way, is in support of an audit of the Federal Reserve. Here is an interview with Bernie Sanders on the subject:


    If it costs millions of dollars for Congress to vote on a bill, even though Congress is already being paid to do that, the same argument could be made against any bill. Maybe all the bills that were voted on which aren't listed as a power of Congress in the Constitution, as the coining of money is, should never have been put up to a vote.
    (more)
  • VoteOut 2012/07/26 00:04:56
    VoteOut
    +2
    a little education goes along why if you want some study materail read up on QE1 , QE2 TALF, TALC, Maiden Lane LLC I,II & III and then undestand going backwards how the FED manipulates energy prices and has precipatated almost every war tieh the Dollar as the world currency for OIL
  • Libertys Martyr 2012/07/26 00:03:01
    Libertys Martyr
    +6
    Haters gonna hate, and statist gonna state!

    Keep on twisting the truth like this and you might pull something! And I DON'T mean your head out of your ass.
  • The Ban... Liberty... 2012/07/26 01:14:03
    The Bantam Seditioner
    +5
    "Haters gonna hate and statists gonna state."

    Damn, that's a great slogan. I wish I'd thought of that! :D
  • The Bantam Seditioner 2012/07/25 23:56:23 (edited)
    The Bantam Seditioner
    +10
    If you were really worried about the taxpayers' money, you'd want accountability and transparency for this cartel of *private* banks that has intentionally devalued our dollar by more than ninety percent since its inception in 1913.

    You could audit the Fed a thousand times, and its negative impact on taxpayers would still be negligible compared to the pernicious theft of their purchasing power that has taken place with no Congressional oversight.
  • VoteOut 2012/07/25 23:51:21
    VoteOut
    +5
    Alan Grayson

    Paul teamed up with former Rep. Alan Grayson (D-Fla.) in 2010 to pass similar legislation that became part of the final Wall Street reform bill. But Paul has said new audit legislation is needed because the 2010 bill didn't go far enough. Specifically, he states on his website that the audit called for in the 2010 bill only focused on emergency credit programs and procedural issues, rather than on the substantive details of the lending transactions. The 2012 bill doesn't limit the focus of the audit.
  • VoteOut 2012/07/25 23:47:10
    VoteOut
    +5
    Dennis Kucinich

    Congressman Dennis Kucinich (D-OH) cosponsor of H.R. 459, the Federal Reserve Transparency Act joins Daily Paul Radio with Kurt Wallace for ‘Dennis Kucinich on the Fed ’What's at stake here is our liberty, our national sovereignty – Ron Paul knows that’ to discuss the Federal Reserve Transparency Act – what are they hiding? He discusses working with Ron Paul ‘Ron Paul is a great American’. He discusses working with Dr. Paul on fighting against the wars, defending our civil liberties and the patriot act(D-OH) cosponsor of H.R. 459, the Federal Reserve Transparency Act joins Daily Paul Radio with Kurt Wallace for ‘Dennis Kucinich on the Fed ’What's at stake here is our liberty, our national sovereignty – Ron Paul knows that’ to discuss the Federal Reserve Transparency Act – what are they hiding? He discusses working with Ron Paul ‘Ron Paul is a great American’. He discusses working with Dr. Paul on fighting against the wars, defending our civil liberties and the patriot act
  • Samantha VoteOut 2012/07/25 23:50:55
    Samantha
    So what! The fact is Paul's bill does nothing.
  • VoteOut Samantha 2012/07/25 23:52:46
    VoteOut
    +4
    it does nothing when the FED owned senate does not even bring it up for a vote. But yiou should educate yourself on the FED and their holdings before getting behind them.
  • Samantha VoteOut 2012/07/26 00:00:32
    Samantha
    +1
    Oh please, crazy conservative conspiracy theories don't interest me.
  • VoteOut 2012/07/25 23:44:21
  • Kern 2012/07/25 23:44:07
    Kern
    +1
    This nut bag is trying to go out looking like he's conscious. It isn't working.
  • VoteOut 2012/07/25 23:43:30
  • Samantha VoteOut 2012/07/25 23:45:32
    Samantha
    +1
    Ron Paul's bill does nothing to fix these problems.
  • VoteOut Samantha 2012/07/25 23:53:56
    VoteOut
    +3
    do you understand what monetary millitary rule is? or is it what you prefer?
  • kevracer 2012/07/25 23:24:14 (edited)
    kevracer
    Political grandstanding

    supported by Democrats scared of losing their seats to Tea baggers in the Fall election

    And even if this became law and the Fed was audited- what happens when the audit uncovers irregaularities from 1952?
  • Samantha kevracer 2012/07/25 23:25:55
    Samantha
    Nothing happens.
  • kevracer Samantha 2012/07/26 00:07:24
    kevracer
    so the point of the whole Federal Reserve Transparency Act would be "nothing" correct?
  • VoteOut 2012/07/25 23:20:01
    VoteOut
    +3
    I guess you are not aware that that Fed is the largest holder of mortgage securities that they purchased with printed money on the backs of Americans prosperity
  • Samantha VoteOut 2012/07/25 23:22:13
    Samantha
    +2
    Paul's bill does nothing; of course, Paul is a crazy right winger.
  • VoteOut Samantha 2012/07/25 23:36:17
    VoteOut
    +2
    you post is in correct so its hard to comment with out correction.
  • Samantha VoteOut 2012/07/25 23:44:02
    Samantha
    +1
    Oh please, Paul's bill does nothing.
  • VoteOut Samantha 2012/07/25 23:55:16
    VoteOut
    +1
    yes maybe because we have a spineless president in the white house who has not the balls to question Monetary Rule
  • Liberty... Samantha 2012/07/26 09:02:49
    Libertys Martyr
    +1
    This bill helps shed some light on shady deals committed by the crony-capitalist enablers on the bankers who run the federal reserve.
  • VoteOut 2012/07/25 23:15:17
    VoteOut
    +3
    Spoken like a true monetary rule fascist
  • Samantha VoteOut 2012/07/25 23:17:42 (edited)
    Samantha
    +1
    Why don't you try commenting on Ron Paul's stupidity and your defense of his craziness. Paul's bill does nothing other than make crazy conservative conspiracy theorists feel good.
  • VoteOut Samantha 2012/07/25 23:37:53
    VoteOut
    +4
    so you are in line with FED Monetary Rule and Fed Policy. Its Ron Paul's consistent dedication to atrocities of the FED that allowed it to be open as it is now and still along way to go. But if you prefer to be ruled over by monetary policy then stick with the FED ruse and your propaganda why do you protect the FED?. ignorance?
  • Samantha VoteOut 2012/07/25 23:44:27
    Samantha
    Unlike you, I don't buy into crazy conservative conspiracy theories.
  • VoteOut Samantha 2012/07/25 23:57:19
    VoteOut
    +1
    I dont buy into anything nor am I young and naive .
  • VoteOut Samantha 2012/07/25 23:59:22
  • VoteOut Samantha 2012/07/26 00:01:26
  • Samantha VoteOut 2012/07/26 00:02:04
    Samantha
    +1
    Goodnight! A really nice French Canadian guy is calling me.
  • VoteOut Samantha 2012/07/26 00:06:18
    VoteOut
    +2
    sounds like its all about you thats understandable

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