After three decades of railing against the U.S. central banking system, Ron Paul finally had his day Wednesday, when the House of Representatives overwhelmingly approved his bill to audit the Federal Reserve with a bipartisan 327-98 vote.
The vote marked a triumphant — albeit largely symbolic — last stand for the Texas Congressman, who will retire from politics at the end of this year.
But while Paul's bill has broad bipartisan support, it's fate remains uncertain, Senate Majority Leader Harry Reid has said that the Senate will not consider the legislation, virtually guaranteeing that it will never become law.
But Reid hasn't always been opposed to a central bank audit. In fact, the Nevada Senator has himself introduced legislation to audit the Federal Reserve, and co-sponsored several bills to increase transparency at the central bank in the 1990s, according to government transparency watchdog Govtrack.
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1 comment:
Speechmaking is the business here. Protecting the constituency is not.
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