Posted on 06/12/2009 6:49:43 AM PDT by FromLori
After we broke through the 218 cosponsor threshold on H.R. 1207, I didn't think today could get any better. However, we have even more news.
Sen. Jim DeMint (R-SC) today became the first cosponsor of S 604, H.R. 1207's companion legislation. We still have a long way to go before we pass real legislation to Audit the Fed, but this is yet another major step toward our ultimate goal.
Sen. DeMint is highly respected and one of the most principled conservatives in Washington. Bernie Sanders (I-VT), 604's lead sponsor, is a firebrand Independent progressive. To see these two guys on a bill together has to tell you that something special is going on.
I’ve been away from FR for a few weeks. What are H.R. 1207 and S 604?
Audit the Fed bills
They are “audit the Federal Reserve” proposals. Pretty much grandstanding by Congress, in order to avoid attention to the fact that Congress, under the US Constitution, is DIRECTLY responsible for regulating the value of money. “Don’t blame us, blame the FED.”
Really. Just because a stopped clock is right twice a day doesn’t mean you need to dress it in earrings and pearls! It’s still just a clock.
Does this have any significance at all or is it just more DC hot air?
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