END THE FED!

This would be a great start.

Check this

2:03 into this is great too

The Refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators was probably the PRIME CAUSE OF REVOLUTION"

-Benjamin Franklin
Founding Father

Don't worry, I'm sure that McGovern and the Special Olympian-in-Chief will read this "line-by-line" just like they promised to do with the budget.

If the Bill doesn't include the word "Cuba", McGovern won't even bother to look at it.

Tell Jimmy that Bill Clinton said it was a good idea. That's all he usually needs.

What do you mean, Louie?

I dropped Jim McGovern an email this afternoon.

Thanks for the tip.

Thanks for the tip, MarcP.

Does this affect the intent of the bill? Is there a hidden agenda to a regular audit of the Fed?

If you read his reasons for promoting and his general platform it's not a hidden agenda. The goal is to shut down the Fed along with any form of central authority and leave government entirely a local institution, no regulation of business, no social safety net and no federal oversight to ensure that state and local authorities are run equitably. While I tend to agree with you on the last point I think that has more to do with civilian leadership than anything else. A good start in that direction would be to restore the Department of Defense to it's original name in order to make it less palatable to continue maintaining an armed force larger than the next 5 or 6 countries combined.

I am glad to report that this bill now includes Mr. McGovern as one of it's 281 current co-sponsors.

So the Fed makes money out of thin air and passes it on to banks who create yet more money. The whole monetary system stands on the presumed legitimacy of the central and commercial banks' ability to create cash. While I agree that we need an audit of the Fed, I'm a little concerned about potential reactions to what will be uncovered.
For Ron Paul and his allies the correct course of action is to shut down the Fed and return to the Gold Standard. I don't know what the right thing to do is. But this bill ought to open up a big ole can of worms.