It was 26 years ago that Ron Paul first introduced a bill to audit the Federal Reserve, and back then it only had 18 co-sponsors. The bill eventually died in committee, and never came to the house floor. Now it is 2009, and in February Ron Paul introduced the same type of bill, H.R. 1207, and in 4 months it has reached 245 co-sponsors.
Congress -- Republicans very much included -- have discounted Ron Paul as a Congressman that just votes no on everything. While he does vote no on most legislation, he has been a tireless worker for freedom and liberty in Congress.
This new bill to audit the Fed is proof that Paul knows what he is talking about: He is one of the few in Congress who understand the monetary system in the United States, and every time he questions the Fed chairman, you can see how uncomfortable he makes Bernanke.
You would think with over 245 co-sponsors, or a majority of the House, that the bill would be making its way through the Congress. But Fox News reports otherwise:
Unfortunately for Paul, the bill appears to be idling in the House Financial Services Committee, which is chaired by Barney Frank, D-Mass. The bill has been sitting there, gathering co-sponsors, since Paul introduced it in late February.
Why is Barney Frank sitting on this legislation that has huge support by the members? Is there something he doesn't want us to know?
I suggest everyone start emailing and call Barney Frank's office and demand a hearing on this bill, H.R. 1207. I would then demand that it be sent out of committee and put up to a full vote by the House. The American people deserve to know how their money is being spent by monetary thugs.
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