It’s official: Texas Congressman Ron Paul will be the Chairman of the House Subcommittee for Domestic Monetary Policy and Technology when the 112th Congress convenes in January. Rep. Spencer Bachus of Alabama, who is slated to be the Chairman of the House Financial Services Committee, of which the Monetary Policy Subcommittee is a part, announced Paul’s appointment as chairman of that subcommittee on December 9.
On Wednesday night, the United States House of Representatives approved a $1.1 trillion continuing resolution (CR) that will fund the federal government through September 30, 2011. A Continuing Resolution was Congress’ last resort as it failed to pass any of the 12 appropriations bills for fiscal year 2011, as well as a budget resolution.
Will Tuesday be Ron Paul’s big day? Robert Wenzel of EconomicPolicyJournal.com thinks so, as does Paul confidant Lew Rockwell. On December 7 the Republican leadership in the House of Representatives is scheduled to announce the chairmen of various committees and subcommittees, including the Subcommittee for Domestic Monetary Policy and Technology, of which the Texas congressman is currently the ranking Republican member.
Remember that clause in the Constitution that gives the federal government the authority to regulate school bake sales? Even if you don’t, Congress does. The House of Representatives just passed a $4.5 billion bill that, among other things, authorizes the U.S. Department of Agriculture to set nutrition guidelines for all foods sold in a school building during school hours — and that includes “bake sales and pizza fundraisers,” according to CalorieLab.com. (If pressed, elected officials would undoubtedly note that such sales can affect interstate commerce since students buying cupcakes at school would no longer be buying them from Hostess, thus providing an opening for Congress to regulate these activities.)