The Federal Reserve Transparency Act (H.R. 1207), Congressman Ron Paul’s landmark bill to audit the Federal Reserve, has been gutted in a House subcommittee as it works its way toward a vote in the full House. The bill, which has garnered an astonishing 308 cosponsors from both parties, has attracted the scalpel of North Carolina Democrat Mel Watt (whose district happens to include Charlotte, the home of Bank of America, America’s largest commercial bank). According to Congressman Paul, whose Campaign for Liberty posted a video on the bill last weekend, Watt has cut out “just about everything” in prepping the bill for a full committee vote.

In American politics there is no adage truer than "The more something changes the more it stays the same." The latest piece of evidence offered to prove this maxim is the Obama administration's request that a lawsuit in San Francisco seeking damages against the government for information obtained through a warrantless wiretap be thrown out because of potential threats to national security.

New York Republican congressional nominee Dede Scozzafava withdrew last weekend from the special election that will take place Tuesday and endorsed the Democrat, Bill Owens, in a race where a third party candidate, Conservative Party nominee Doug Hoffman, has become a major contender. Yes, you read that right. In one of the most Republican districts in New York, one that borders Canada, Scozzafava ran up against a mass revolt by mainstream Republicans who charged that her long list of liberal credentials made her a “RINO” or Republican In Name Only.