S.202 Viability - Jon Kyl's wordsSubmitted by paceme on Wed, 08/29/2012 - 17:10
The following is to inform you of the response I got in the mail from Sen. Jon Kyl, who I asked in July to support Rand Paul's Audit the Fed bill. Here's what he said:
Basically, he states that the regulatory and administrative budgets of the Federal Reserve System are audited yearly already, EXCEPT for the monetary and foreign policy. Obviously he's trying to minimize that issue, even though not auditing the Fed's monetary policy is like not searching the apartment of a bomb-maker. Sure you see them when they go out and buy milk and go to the movies, but do you really know if they're innocent if you don't look for the evidence?
Furthermore he states that a political audit might cause hyperinflation. Fff-WHAT?!?! Where did that come from.
S.202 won't get passed without the support of veteran Senate Republicans like Kyl and at least partial support from flip-flopping Harry Reid's Democrats.
I did my part. Please do whatever else you can.