audit the Federal Reserve

ATR: “Contract from America” Underscores Need for Transparency

Yesterday during the Conservative Political Action Conference (CPAC), Tea Party Patriots and several other sponsoring organziations, including Americans for Tax Reform, unveiled a new project – the “Contract from America.” They have launched a website with a number of suggested planks (suggested by taxpayers from around the country) for the final Contract to be unveiled on Thursday, April 15, 2010.

In the meantime, you can visit the website and vote on the planks you think are most important.

  • We like the fact that three of the planks focus on transparency in areas that CFA has been very active, too:
  • Broadcast all non-security meetings and votes on C-SPAN and the Internet
  • Begin an audit of the Federal Reserve System.

Every bill, in its final form, will be made public seven days before any vote can be taken and all government expenditures authorized by any bill will be easily accessible on the Internet before the money is spent.

Note, however, that for the third one, we would like to see the plank broadened to not just focus on “authorized expenditures” but on actual expenditures, too. We all know that the budget/appropriations bills are the documents in which politicians explain how much and how they’re going to spend our oney – but the actual check registers and expenditure records will tell us the full story. Consequently, they should be made available online in an easily accessible and searchable format in as close to real time as possible.

Continue reading at the Americans for Tax Reform website…