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With the increasing federal deficit, it’s time to start examining where taxpayer money is going and how it is being spent. Republicans have targeted the Department of Energy’s questionable loan programs for renewable energy companies with the ‘No More Solyndras’ Act. The DOE program began at the end of the Bush administration, but under the Obama stimulus it exploded, with $47 billion more in loan granting authority.
The federal government has been subsidizing the wind industry for almost two decades under the Production Tax Credit (PTC). Despite costing taxpayers over $1billion annually and providing for less than 3 percent of total electricity generation in the country, the president insists on extending the program indefinitely.
Personal Freedom and Power 101: Personal PowerThe distinctive principle of Western social philosophy is individualism. It aims at the creation of a sphere in which the individual is free to think, to choose, and to act without being restrained by the interference of the social apparatus of coercion and oppression, the State. All the spiritual and material achievements of Western civilization were the result of the operation of this idea of liberty.-Ludwig von Mises
Demand Harry Reid Bring Audit the Fed Bill to a Vote in the Senate
Great news: Ron Paul's Audit the Fed bill passed the House!
But this is where the hard work really begins. Senator Rand Paul (R-KY) has introduced a bill identical to H.R. 459 in the Senate. It's S. 202, the Federal Reserve Transparency Act of 2011. Senator Harry Reid (D-NV) vows not to put Audit the Fed to a vote in the Senate.
Ron Paul's Audit the Fed bill passed the House today 327-98! Thank you to all those who contact their representatives to urge them to vote yes on H.R. 459!Click here to see the roll call and find out how your representative voted on this very important bill to increase the transparency of the Federal Reserve. Be sure to thank them if they voted yes.
As my FreedomWorks colleague Julie Borowski reported last week, the House is scheduled to vote on Congressman Ron Paul's "Audit the Fed" bill, H.R. 459, TODAY. Help us put it over the top! We've already placed 1,500 calls to Congress. Help us place at least 500 more calls before the House vote, which we expect to take place around 1:15 PM ET TODAY.
We are deeply concerned that Senate Budget Committee Chairman Kent Conrad (D-N.D.) is prepared to exceed the overall spending limit set out in the Budget Control Act of 2011 (BCA). In the absence of the Senate adopting a budget for fiscal year (FY) 2013, the BCA requires the Senate Budget Committee Chairman to establish spending limit in line with the March 2012 Congressional Budget Office (CBO) baseline.
Dear FreedomWorks member,
As one of our million-plus members nationwide, I urge you to contact your representative and urge him or her to vote YES on H.R. 459, the Federal Reserve Transparency Act of 2011. Introduced by Rep. Ron Paul (R-TX), the bill would eliminate the current audit restrictions placed on the Government Accountability Office (GAO) and require a full and thorough audit of the Federal Reserve.
Let us remember that this was the plan all along. And it's working.Patriot Coal Company filed for bankruptcy on July 9, 2012 as coal prices have plummeted from reduced demand resulting from low natural gas prices and new regulations from the Environmental Protection Agency (EPA). (emphasis mine)This is probably just the beginning.