Ron Paul has been pushing for the Fed to be audited for years, and has claimed that massive wrongdoing will be revealed under an audit of the Fed. Surprisingly, one of the most Liberal Democrats in Congress has now joined the push, and as the chairman of the Finance committee, he may be able to get it done.
Now I don't think much of Barney Franks' politics, but in my eyes, he has just hit a home run. I don't care if he is a Liberal. The Fed is out of control, and needs to be held accountable for it's reckless conduct.
Politics makes strange bedfellows, and in this case, the bedfellows are particularly strange. A Liberal and a Paleoconservative Libertarian. Who would have thunk it? But as strange as it is, I am all in favor of what they are pushing for. Kudos to Ron Paul and Barney Frank for teaming up and doing the right thing. More than half the Republicans are now on board, and now it looks like enough Democrats are going to put partisanship aside and join them, and make this happen. It is times like this that I am proud to be an American.
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