Ron Paul's HR1207 to Audit The Fed is 1 cosponsor away from a Veto Proof majority. Now at 289.

snardfarker.ning.com...

The federal Reserve does not want an audit, because the moment the American people see how much of their wealth has gone to this private bank there will be hell to pay. The Fed has dropped a few veiled threats that they will crash the economy rather than allow an audit. Very well, go ahead and crash it! The end result will be the same. The people will get angry at the Fed and the government enablers.

COME ON YOU NUMBER 1 WHO EVER YOU ARE! LETS NIP THIS IN THE BUD RIGHT NOW.

There's a bit of a misnomer here.

FIRST, both the House and Senate must pass Legislation, whether by Simple or Complex Majority.

THEN, it goes to the Executive Office for the President to Sign or Veto. If Signed it becomes a Bill. If Vetoed it goes back to Congress.

LASTLY, if both the House and Senate pass the Legislation again with a Complex (2/3rds) Majority (290 Votes in the House, 67 Votes in the Senate), then a Presidential Veto can be overrode, allowing the Legislation to become a Bill without approval of the Executive Office.

Even if he gets 2/3rds Majority to vote on it in the House...he not only has to convince the Senate to pass it, but then must maintain the loyalty of those votes after the President Vetoes the Bill.

Lobbyists aren't going to throw money around unless it looks like they need to, and if it gets to the President's desk and sent back to Congress, then the Lobbyists are going to be wooing votes away from passing that Legislation into a Bill with a 2/3rds Complex Majority.

It sounds like someone is being overly optimistic here. So, this seems to be another example of putting the Cart before the Horse here.

EDIT: Not to give the impression that I'm not for it. I'm just saying it is rather premature to get 2/3rds Majority on it in the House at this stage. You only need 218 Votes to get it passed in the House at this stage. They don't really need the 290 Votes until the President sends it back to Congress. Getting it passed in the Senate is going to be a tougher sell though.

[edit on 16-9-2009 by fraterormus]

Every house Republican is signed on as cosponsor.

Here's a list of the remaining Democrats who have yet to sign on:

List of Shame


Anybody who lives in these representatives' districts should be doing their patriotic duty and calling to demand their rep. sign on to this bill.

UPDATE: It is now veto proof!

I'm whistling dixie!

This just in...

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