Posted on 04/22/2024 6:01:39 PM PDT by nickcarraway
Independent presidential candidate Robert F. Kennedy Jr. said he wants to put the “U.S. budget on blockchain,” a ledger of transactions typically associated with bitcoin and other cryptocurrencies.
“I’m going to put the entire U.S. budget on blockchain so that any American — every American can look at every budget item in the entire budget anytime they want 24 hours a day,” Kennedy said Sunday during a rally in Michigan.
The public accounting of spending would theoretically allow more transparency and accountability into how the government spends taxpayer dollars, although getting every government transaction onto the blockchain would be a Herculean task.
Federal spending is also controlled through legislation, which is available to the public, and federal departments are often audited by government watchdogs such as the Government Accountability Office and their own inspectors general.
“We’re gonna have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody’s gonna know about it,” Kennedy said, appearing to reference a long history of scandals stemming from reports that the Pentagon paid $640 per toilet seat in the 1980s and $10,000 each for replacement toilet seat covers in 2018.
Kennedy has embraced digital assets, accepting campaign donations in bitcoin and touting plans to back the U.S. dollar with bitcoin if he’s elected to the White House in November.
But Kennedy has also publicly opposed plans for a central bank digital currency (CBDC), which the Federal Reserve is currently “exploring,” as have many Republicans including former President Trump.
While Republicans have rallied against the creation of CBDC, Federal Reserve Chair Jerome Powell said the central bank will not create one without Congress ordering it through legislation.
The Independent firebrand has described himself as the only pro-cryptocurrency candidate running for president as he wages a longshot bid in a contest dominated by the rematch between Trump and President Biden.
Stand With Crypto — a 501(c)(4) nonprofit launched by grassroots advocates and the crypto exchange giant Coinbase that “champions for clear, common-sense regulations for the crypto industry” — rates Kennedy as “strongly supportive of crypto.”
The advocacy group rates Trump as “supportive” of crypto and Biden as “against” it, although Biden did issue an executive order in 2022 laying out plans for “the responsible development of payment innovations and digital assets” that will help the U.S. maintain its leadership in global financial markets.
Hmm... I like this idea. Why couldn’t a republican come up with something like this?
And no exception for the CIA or NSA either. I want to see every penny these scumbags spend.
that’s the end of that campaign.
You are going to need a bigger ‘Blocchain’
Black ops people would not allow this.
“Allow” is the correct word as they are the ones who run this country now.
I would like nothing better, but it will wind up exempting the government and imposing it on everybody else.
I wonder if he’d do that before or after jails “climate deniers”?
Hey RFK Jr., much easier way - just cut the budget in half. And start with cutting half of the gummit employees.
“”but it will wind up exempting the government and imposing it on everybody else.””
That is if it passes at all.
All Americans would be able to see where every nickel went?
Never gonna happen.
.
It sounds good, but is totally pie in the sky due to the enormity and complexity of US spending.
Over 60 years ago, John F. Kennedy stated that the US government was too unwieldy for anyone to truly have control of it. Things are a 1000 worse now.
Let’s start by putting every national election on blockchain
Let’s start by putting all politicians IN chains!
I was under the belief that $18,000 toilet seats were an attempt to hide covert military spending like stealth bombers and beam energy weapons.
Why do I feel that this is part of the slippery slope to a “transparent” society in which everyone can see everything about everyone except, of course, the details of the lives of the Important People?
“I’m going to put the entire U.S. budget on blockchain so that any American - every American can look at every budget item in the entire budget anytime they want 24 hours a day,” Kennedy said Sunday during a rally in Michigan.
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Also this proposal from a radical democrat, enables all non-Americans, like the CCP, Russia, Iran, North Korea, Venezuela to see where the US is investing so they can counter. No more guessing for them. Horah!! And you thought 0bama/Biden was bad ...
You already can see it if you are willing to wade through the committee reports. They are all online except for the intel committees.
Never gonna happen. The politicians and bureaucrats would not be able to siphon off money. Graft would disappear and they won’t let that happen.
I never really had a problem with the line item veto... but the drawback is when some idiot us the president the line item video is going to be a disaster.
If I were king if world...
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