Auditing the Fed

By Amit Singh | Sunday, June 7th, 2009 | Policy

In an environment full of bailouts, buy outs, and handouts, many politicians still claim no matter how much they want to spend or tax or both, they are fiscally responsible. If that were true, one would think every member of Congress would jump at the opportunity to easily prove that point by co-sponsoring legislation to audit the Federal Reserve in the wake of so much money being created out of thin air. H.R. 1207 currently has 190 co-sponsors including Republicans and Democrats. In Virginia, we have 3 Republicans and 1 Democrat as co-sponsors:
Wittman (R-VA-01)
Forbes (R-VA-04)
Perriello (D-VA-05)
Goodlatte (R-VA-06)

Of the remaining:
Nye (D-VA-02) – new guy probably doesn’t understand the Fed
Scott (D-VA-03) – don’t know much about him
Cantor (R-VA-07) – don’t understand why he hasn’t signed on yet
Moran (D-VA-08) – will be a cold day in …
Boucher (D-VA-09) – another guy I don’t know much about
Wolf (R-VA-10) – not surprised
Connolly (D-VA-11) – yeah right

As far as I can tell, any member of Congress who is not going to co-sponsor H.R. 1207 should never speak of fiscal responsibility without being called a hypocrite.

Tags: