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Originally Posted by nation-x
First of all... you should learn to read a little more closely... I clearly said I was not defending the spending... only making the point that the $18M figure was not an outlandish amount for the project.
H.R. 1207 is a political ploy with a great sounding name (it uses the "Transparency" buzzword). All it proposes is that the Comptroller audit the Fed and make a report to congress by a specific date in 2010 while striking audit exemptions from Title 31. The entire amendment is a paragraph long. It doesn't say anything about what Congress should do with the report... what the purpose of such an audit would be or anything like that. It is pure political theatre... if Ron Paul really wanted to introduce a worthwhile bill he should have added those details.
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18 million for unneeded project is outlandish.
How can you know what to do with the audit when nothing is known about the FED and what the audit will find?
However, the constitution already says what should be done. It is rather simple. No need to bog down the bill with details that are already law
