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Ron Paul has released a statement on Bernie Sanders’ decision to gut his Audit the Fed amendment:
Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate. His “compromise” is what the Adminstration and banking interests want: they’ll allow the TARP and TALF to be audited, but no transparency of the FOMC, discount window operations or agreement with foreign central banks. We need to take aciton and stop this!
The audit is only allowed back to December 2007, which leaves most of the work of the Fed’s Open Markets Committee in the dark — they were the ones who were supposed to be watching over Wall Street when they were laying the groundwork for the collapse. And according to Jay Newton-Small of Time Magazine, there will only be one audit — it will not be ongoing.
Ron Paul and Alan Grayson worked like dogs to get this through the House. And the White House would not have gone to Sanders if they’d been able to peel off the votes to tank the amendment. But with 68 Senators having voted for it or cosponsored it in the past year, that was a heavy lift. Bernie was the weak link.
Moral of the story? Even when you have 60 votes, you don’t have 60 votes. We did what we were supposed to do. For a year. We whipped cosponsors. We beat back efforts to torpedo the bill. We worked with the libertarians to form a right-left coalition, the true “bipartisan” kind that you never see, on an issue that the public overwhelmingly supports: accountability for the banks. The votes were there in the Senate.
Bernie traded it all away. He was singing the praises of the Campaign for Liberty today from the floor of the Senate, and now they’re saying he sucks. They’re right. Ron Paul is calling for this to be stopped, but I frankly don’t know what can be done.
Originally posted by poet1b
People should pay taxes in propensity to the wealth they gain from the system, most often it is not wealth that they created.
Wealth taxes are incredibly difficult to enforce, so the estate tax is a great way to level the system, and get the super rich to pay their fair share.
It is no coincidence that as U.S debt, both pubic and private has skyrocketed with ridiculous interest rates combined with all the special privileges repubs have given the super rich, the super rich have gained control over most of our countries wealth.
Originally posted by poet1b
reply to post by camaro68ss
Most federal spending pays for services used primarily by the super rich, so why should the middle class be paying anything more than a pitance towards federal taxes.
RIGHT? I am playing from a playbook when you post one of the most nonsense claims ever at the top of every free market fools tax response.
36% of those 43% who pay no taxes are either students who will spend most of the adult lives paying taxes, or retirees who have already spent most of their lives paying taxes.
For that matter, there is no reason for the average U.S. worker to pay federal taxes, as the federal government does little to nothing for the average U.S. worker and small business man.
48% of americans dont pay taxes at all.
Originally posted by AllexxisF1
Right there is the whole crux of the problem of right wingers.
NEWSFLASH...YOU AREN'T A BILLIONAIRE NOR WILL YOU EVER BE A BILLIONAIRE.
So why on God's green Earth would you fight to protect them when they could give a rats arse if you live or die.
The rich have done a masterful job convincing regular ordinary people like you that you too will be super rich one day. Defend out interests to the hilt with your tea parties and trust us, you will be rich soon too.
It's a small club Jack and you ain't in it. But please continue on acting like your are rich (in your head) and continue to defend these monsters while they ass rape you some more.
[edit on 25-6-2010 by AllexxisF1]