Posts in "DownsizeDC.org"

By Rachel Kania at 4:55PM

Feb 8, 2010

Free Competition in Currency Act

Ron Paul recently introduced the Free Competition in Currency Act which has three parts as follows.

The Honest Money portion would repeal the legal tender law, which gives the Federal Reserve a monopoly over the money supply.
The Competitive Currency section would repeal the words of Title 18 Section 489 of the U.S. Code, which gives the United States government a monopoly over the creation of coins for use as currency.
The Tax-Free Gold component of the bill would prohibit federal and state taxes, such as capital gains, on precious metal coins and bullion.

If you are new to the idea of competing currencies, then read more here.

Any power a government arrogates to itself, it is loathe to give back
to the people. Just as we have gone from a constitutionally-instituted
national defense consisting of a limited army and navy bolstered by
militias and letters of marque and reprisal, we have moved from a
system of competing currencies to a government-instituted banking
cartel that monopolizes the issuance of currency. -- Ron Paul

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By Rachel Kania at 3:20PM

Dec 29, 2009

The Enumerated Powers Act

The Enumerated Powers Act would require that all bills introduced into Congress must state their constitutional authority. This bill has been around since 1997, however, the bill has been reintroduced by John Shadegg and now has 56 co-sponors in the House and 22 in the Senate.

Read the entire bill here.

This bill is gaining momentum in a time when government-run health care most likely will become a reality. DownsizeDC.org explains:

Congress asserts it can compel Americans to purchase health insurance
because NOT purchasing health insurance impacts interstate commerce.
But for decades Congress has allowed states to bar their residents
from purchasing health insurance from another state. Which means Congress never previously believed that the purchase (or non-purchase) of health insurance was interstate commerce.The decision to NOT purchase a good or service is NOT commerce, let alone interstate commerce. But under the absurd logic of this bill, if I choose to take a nap rather than go to a movie, I'm engaging in "commerce" and Congress cancompel me to either go to the movie or pay a tax penalty.