Wednesday, July 15, 2009

Sports Videos, News, Blogs

Call for Fed transparency grows louder......

To conspiracy theorists, the Federal Reserve is a dangerous, shadowy and unaccountable organisation - like the Central Intelligence Agency but without the black helicopters. For more than 200 years, central bank critics have railed about an alleged lack of transparency, a threat to the fabric of the US by un-elected moneymen. For more than 20 years, Ron Paul, the Texan Republican, has been trying to pass a bill that would audit the Fed's monetary policy decisions. He says US citizens need to know more about the inner workings of the organisation. But he has had little support...Link

Update - HR 1207 - 267 Co-sponsors......

Title: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

Hell Yah.....

Subsidies.....they love em.

WASHINGTON – A much-criticized subsidy for rural air travel would get a budget increase of more than 40 percent under a spending bill unveiled in the House on Monday. The legislation approved by a House Appropriations subcommittee would give $173 million in the upcoming budget year to the Essential Air Service, which provides subsidies to small airlines to fly unprofitable routes. That's a $53 million increase...Link