Christopher Tremoglie is a commentary writer for the Washington Examiner. He is a former intern for the Department of State and a frequent guest on radio and television. His work has been featured in the Philadelphia Inquirer, National Review, and the Daily Caller and has appeared on Fox News and One America News.
The government has a spending problem. This isn’t exactly breaking news or a shocking revelation, but nevertheless, it is true.
This should be something that both Republicans and Democrats in Congress should support. The nation’s politicians should want to know what exactly the Federal Reserve is doing with the nation’s finances, especially since its actions resulted in the largest addition to “the Fed’s balance sheet” in the country’s existence. This would not seem to be a partisan or ideological issue.
Spending over “$16 trillion to domestic and foreign banks” and having the ability to hide this from the public effectively legally should be considered a gross misuse and abuse of power. The “Fed” is a dangerous bureaucracy that is out of control. Paul knows this and wants to prevent it from happening again. It’s further proof that Paul’s amendment is needed now more than ever.
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