U.S. News
Will the Federal Reserve Be Audited?
Written by Super User
It will come as a surprise to many Americans to know: 1) the Federal Reserve is not part of the U.S. government, but is a private organization; and 2) it has never been audited. But more than half of the members of the U.S. House of Representatives have become cosponsors of Congressman Ron Paul's bill to audit the Fed, and similar legislation has been introduced in the Senate.
The Department of Homeland Security (DHS) withdrew its controversial report on “Right Wing Extremism” (PDF) as a terrorism threat back in May, but now left-wing media pundits say it’s time to bring back the report that tarred all U.S. military veterans and any political conservative as potential terrorist threats.
President Barack Obama announced last week that he’d like to restore the “pay-as-you-go” budgeting guidelines that Congress imposed upon itself in the 1990s. The measure, often simply called “PayGo,” would require any new spending proposals in legislation be accompanied by equivalent dollar amounts of new spending cuts or tax increases.
President Barack Obama has fired the inspector general who found misuse of AmeriCorps funds at a nonprofit education group headed by Sacramento Mayor Kevin Johnson. The inspector general, Gerald Walpin, had investigated Johnson’s group, St. HOPE Academy, and discovered funds were being diverted for non-approved uses. Obama Promotes Healthcare Reform
Written by Steven J. DuBord
As part of his efforts to promote healthcare reform, President Barack Obama attended a town hall meeting at Southwest High School in Green Bay, Wisconsin, on June 11. The president was introduced by Laura Klitzka, a 35-year-old mother of two who is battling breast cancer. Klitzka spoke about the thousands of dollars in unpaid medical bills her family has incurred and how devastating this has been. President Obama thanked her for sharing her story and noted that she is not unique; millions of Americans worry not just about their health, “but whether they can afford to get well.”
