Whatcom Republicans Pass Resolution of Support to Audit the Federal Reserve

untitledSix weeks ago when Mark Edson wrote a letter to the editor regarding HR 1207 the bill had 58 co-sponsors and now, in the most recent count I’ve seen, the number of co-sponsors has with disregard for party lines, risen to 224, enough for a majority.

Our government is putting us on the hook for trillions of dollars. I support HR 1207 because I want to know how my taxes are being spent.  It seems a no brainer to support this, yet there are a few hold outs like Rick Larsen who for reasons known only to him, won’t. 

On Saturday morning, the Whatcom GOP used their brains and passed a resolution in support of HR 1207.

Whereas Congress, the Treasury, and the Federal Reserve have put us on the hook for almost $10 trillion in bailouts and loans.

Whereas 10 Trillion dollars is an exorbitant amount, enough to purchase One Hundred Million $100,000 dollar homes.

Whereas the taxpayers of America or American capital are the sole sources of replenishment of these funds.

Whereas the size of debt these bills are incurring is greater that what the current generation can bear leaving us in the morally repugnant position of requiring our debt be paid by the labor of future generations.

Whereas the denial of the U.S. taxpayer or their representative to know where the whole of their money was spent amounts to taxation without representation.

Whereas the current administration’s agenda indicates a significant likelihood these funds being used to socialize the ownership of vast amounts of capital.

Whereas the Federal Reserve is a private corporation and is protected by the US Code from revealing to congress or any oversight committee the recipients of these funds.

Whereas H.R. 1207 is a bill that specifically REMOVES the US Code audit protections from the private federal reserve and further requires an audit to be performed to reveal the recipients of these 10 Trillion dollars in bailouts and loans.

Let it therefore be resolved that we, the members of the Whatcom County Republican Party declare our support for H.R. 1207.

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