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an effort to create searchable online databases for government expenditures
a tool to highlight the hypocrisy of tax hikers
Constitutional or statutory requirement to rein in growth of revenues end expenditures
a commitment made by elected officials and candidates for elected office never to raise taxes
Raising the bar for tax increases
Requiring a cool-off period for all bills with a fiscal impact
pork-barrel spending - the broken windows of the budget
House Financial Services Committee Passes Ron Paul's Audit the Fed Amendment
Friday, November 20, 2009 8:27 AM
Proponents of greater transparency for the Federal Reserve scored a first major victory yesterday, when the House Financial Services Committee adopted Congressman Ron Paul's amendment to the pending financial regulatory bill ata vote of 43 to 26. Rep. Paul's amendment would give the congressional Government Accountability Office broader auditing authority over the Fed, and would extend it to include decisions about interest rates and lending to individual banks.
The amendment was in jeopardy as Congressman Mel Watt had offered what he calleda "compromise," but what was really a way to excoriate Rep. Paul's bill and would have rendered an empty shell. CFA has been supportive of Paul's original bill and the amendment and will continue to work towards greater Federal Reserve transparency.
Reader Comments:
YES!!! Great to see Congress finally realizing they can't keep everything a secret from the American people.
Mike / Wisconsin
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