It will come as a surprise to many Americans to know: 1) the Federal Reserve is not part of the U.S. government, but is a private organization; and 2) it has never been audited. But more than half of the members of the U.S. House of Representatives have become cosponsors of Congressman Ron Paul's bill to audit the Fed, and similar legislation has been introduced in the Senate.
Bill H.R. 1207 to audit the Federal Reserve now has 200 cosponsors. That’s 45 percent of House members, closing in on a whopping 50 percent. Impressive. So much so, the Federal Reserve is hiring public-relations guru and veteran lobbyist Linda Robertson as a resource to advise the Fed on “communications strategies.”
The U.S. House of Representatives passed a $4 billion “Cash for Clunkers” bill on June 9 that is aimed at both increasing fuel economy of cars and bailing out the beleaguered U.S. auto industry. Of course, there’s no guarantee the subsidy would help U.S. automakers, who have generally specialized in larger, gas-guzzling sport-utility vehicles and luxury automobiles in recent years. The $4 billion subsidy, which is expected to be drawn from February's $787 billion federal economic stimulus package, may end up subsidizing purchases from Toyota, Honda and other foreign manufacturers that specialize in fuel economy.
On June 4, the House voted 310-118 for a bill (H.R. 2027) limiting the use of whole-body imaging devices as the sole or primary method of screening at airports. Representative Jason Chaffetz (R-Utah) sponsored the bill, which drew support from both sides of the aisle.
There may soon be more “penumbras formed by emanations” in the invisible, unpredictable “living Constitution” if President Obama’s U.S. Supreme Court nominee, Sonia Sotomayor, should play a significant role in shaping the evolution of legal doctrine on the nation’s highest court.
On April 29, Congress passed a nonbinding $3.56 trillion budget resolution for the 2010 fiscal year. The resolution (S. Con. Res. 13) first passed the House on a vote of 233-193, followed by Senate passage by 53-43. Not one Republican in either house voted for the measure, but 17 Democrats voted against it in the House and four in the Senate.
"Second verse, same as the first," go the lyrics to a '60s Herman's Hermits song about Henry VIII and repetition ad naseum. And so it goes with a new wave of Republican rumblings about a second Obama-era stimulus package that Democrat Nancy Pelosi and company are now publicly pondering.
On both sides of the aisle, lawmakers are beginning to express doubts that more bailouts will solve the nation’s economic problems and have labeled their frustration “bailout fatigue.” House Speaker Nancy Pelosi is not one of them.
With our economy already staggering under an avalanche of debt, taxes, regulations, and the high costs of energy, Democrats in the Senate have decided to pile on a real economy killer: the Omnibus Public Land Management Act of 2009 (S. 22). Incredibly, nearly 20 Republicans in the Senate joined with them in support of this destructive bill.
The U.S. Senate voted 62 to 34 yesterday to begin debating the D.C. voting rights bill (S. 160), which would add two permanent seats to the House of Representatives. It would give the District of Columbia a permanent seat in the House by the opening of the 112th congressional term, with the other seat appropriated for the state of Utah until the 2010 census results are available.
Speaker of the House Nancy Pelosi has revealed more of her worldview of humans and their worth. In an interview with George Stephanopoulos for ABC, Pelosi was attempting to defend the new $825 billion economic stimulus package, which contains a provision that individual states be reimbursed for contraceptives and other “family planning” services provided for people who have no health insurance.