Rand Paul: “Both Republicans and Democrats agree that it is absurd that we do not know where hundreds of billions of dollars' worth…”

“Both Republicans and Democrats agree that it is absurd that we do not know where hundreds of billions of dollars' worth of our money is going. In fact, last year my audit the Fed bill received the support of nearly every Republican in the House and over 100 Democrats. Some say an audit will politicize the Fed. I find this claim odd given the support of both sides of the aisle for the bill. The GAO is nonpartisan, independent, and works for Congress. It does not lean Republican or Democratic, and it is not interested in influencing policy. I can't seem to understand how a simple check by the GAO to ensure that there are no conflicts of interest will politicize anything. Instead of criticizing a standard audit, though, maybe the individuals who work at the Fed and within our central bank should begin curbing their own actions. Unlike the actions of current Fed officials, my bipartisan bill will not politicize anything. I simply want the Fed overseen to ensure that our central bank isn't picking favorites, and I want to ensure that it remains solvent. Like every agency, the Federal Reserve was created by Congress and is supposed to be overseen by Congress. Auditing the Fed should not be a partisan issue.…”