As one of our over 6.6 million FreedomWorks activists nationwide, I urge you to contact your representative and ask him or her to vote YES on the Federal Reserve Transparency Act. Introduced by Rep. Paul Broun (R-GA), the bill would eliminate the current audit restrictions placed on the Government Accountability Office (GAO) and require a full and thorough audit of the Federal Reserve.
Since its inception in 1913, the Federal Reserve has never been audited. It has always operated under a certain veil of secrecy, even though our dollar has lost 97 percent of its value since its creation. Many economists have found that the central bank’s loose monetary policy played a major role in the recent economic crisis. It is more crucial than ever that the Federal Reserve’s monetary policy decisions be examined. Without a comprehensive audit, we will never know how the Fed is manipulating our money behind closed doors. Read more here...
2. House to Vote on Audit the Fed - by Julie Borowski
Good news!
The House is expected to vote on a bill to audit the Federal Reserve (H.R. 24) on Tuesday!
The bill was originally introduced by former Congressman Ron Paul and overwhelmingly passed the House last congressional session. With Ron Paul out of office, Rep. Paul Broun (R-Georgia) has reintroduced the popular audit the Fed bill.
Like last session, the bill is coming up under a suspension of the rules. This means that it will need 2/3rds of the House (or 290 votes) to pass. That’s a lot of votes needed but there are reasons to be hopeful. Rep. Broun’s bill currently has 228 cosponsors and the same bill passed 327-98 in 2012. Read more here...
3. Capitol Hill Update September 15, 2014
House & Senate/Schedule: Both chambers are in session all of this week. The House intends to adjourn at the end of this week, and will likely remain out of session until December unless the Senate makes changes to the government funding bill.
Legislative Highlight of the Week: Both the House and Senate will spend a large part of this week dealing with the Continuing Resolution to fund the federal government, H.J. Res. 124. It is not yet clear what the final text will look like – whether it will contain funding for military operations in Syria, or whether it will include a 9-month or longer extension of the Export-Import Bank. Read more here...
4. FreedomWorks University "Billy vs. The Cronies"
There is a common myth that government and big business
are enemies, one in favor of regulation, and the other opposed. In fact,
big business and government often work together to keep prices high and
erect barriers to competition. And as young Billy is about to find out,
this can make life awfully tough for the would-be entrepreneur. Watch here...
5. Turner Vs. Straus: Who Will Emerge Victorious? - by Kelly Horsley
"It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." -Teddy Roosevelt
This quote provides an appropriate introduction to the beginning of the Texas House Speaker's race; Scott Turner vs. Joe Straus, a race that's actually been a long time coming. This speaker's race is one with a REAL flesh and blood opponent to Straus, not a ghost of a man or men who plan to withdraw at the last moment so that we the people of Texas feel that there has been some valiant effort put forth on the part of the so called opponent. A tactic that's been tried before so as to keep the status quo so that the same house speaker remains in place. Read more here...
6. Government Going Too Far in the Name of National Security?
FreedomWorks’ Adam Brandon on why the U.S. government threatened to charge Yahoo $250,000 a day in fines. Watch here...
7. Should We Treat the Internet Like a Utility - by Logan Albright
The FCC is looking to get its hands on the internet again, this time with a set of sweeping set of regulations known as Title II. Essentially, this would allow the internet to be regulated like any other public utility. Defenders of the plan argue that regulation is necessary to preserve competition and protect small startup companies.
There are plenty of solid economic arguments for why all this is nonsense, but we don’t need to delve into the arcana of academic studies or economic theories to see that it doesn’t pass the smell test. We need only look at the world around us, and observe the effect that regulating utilities has on consumer choice. Read more here...
In Liberty,
Jackie Bodnar
Director of Communications, FreedomWorks
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