[Libloather]

Of course, even if enough Senate Democrats back the bill, it's unlikely the president will be inclined to support it. His top economic adviser has described the measure as “dangerous” and would recommend he oppose it.

Transparency Inc.

[The Duke]

AIN’T_NEVER_GONNA_HAPPEN_IN_THIS_LIFETIME_PING!

[Flick Lives]

Is the Fed a Fraud? Why should the most powerful financial entity in the country be exempt front accountability in the guest sense of the word? Why would opening their books be so catastrophic? Their opposition to an audit suggests irregularities, at best.

[OneWingedShark]

It might be easier to pass a Constitutional Amendment; here's what I propose:

Fiscal Responsibility Amendment

Section I
The power of Congress to regulate the value of money is hereby rescinded; the unit of money of the United States is the Dollar.

Section II
The value of the Dollar shall be one fifteen-hundredth avoirdupois ounce of gold of which impurities do not exceed one part per thousand.

Section III
To guard against Congress using its authority over weights and measures to bypass Section I, the ounce in Section II is approximately 28.3495 grams (SI).

Section IV
The Secretary of the Treasury shall annually report the gold physically in its possession; this report shall be publicly available. Any five states may commission a third party audit to confirm this report at their own expense.

Section V
The power of the Congress to assume debt is hereby restricted: the congress shall assume no debt that shall cause the total obligations of the United States to exceed one hundred ten percent of the amount last reported by the Secretary of the Treasury.

Section VI
Any government agent, officer, judge, justice, employee, representative, or congressman causing gold, money, or real estate to be confiscated from a citizen shall be tried for theft and upon conviction shall:
     a.  be removed from office (and fired, if an employee),
     b.  forfeit all pension and retirement benefits,
     c.  pay all legal costs, and
     d.  restore to the bereaved twice the amount in controversy.

Section VII
The federal government shall assume no obligation lacking funding, neither shall it lay such obligation on any of the several States, any subdivision thereof, or any place under the jurisdiction of the United States. All unfunded liabilities heretofore assumed by the United States are void.

Section VIII
The federal government shall make all payments to its employees or the several states in physical gold. Misappropriation, malfeasance and/or misfeasance of funds shall be considered confiscation and theft.

[puppypusher]

The Federal Reserve should be audited.But they should be audited by an Independent auditing agency.Just Like a corporation or Municipality.

The days of Trusting the U.S.Treasury to audit itself are over.Our Countries Financial Well-being depends on it.