Video archive of the US Congress

House Proceeding 09-22-09 on Sep 22nd, 2009 :: 1:51:20 to 1:53:35
Total video length: 4 hours 5 minutes Stream Tools: Stream Overview | Edit Time

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Virginia Foxx

1:51:17 to 1:51:38( Edit History Discussion )

Virginia Foxx: bigger trouble than most anybody suspects right now. but i believe my colleagues are co-sponsors and i'll let speak for themselves and yield such time as they may need. ms. foxx: let me point out again and our c a chart and i'll turn it over to him in a second, but the bill c federal reserve, as you have --

Virginia Foxx

1:51:20 to 1:53:35( Edit History Discussion )
Speech By: Virginia Foxx

Virginia Foxx

1:51:39 to 1:52:00( Edit History Discussion )

Virginia Foxx: an audit of the federal reserve, as you have indicated, has 290 co-sponsors. that's more than enough to pass that bill. and yet speaker pelosi has gone very slowly on holding a hearing. i hope very much that there will be at full committee hearing on friday.

Virginia Foxx

1:52:01 to 1:52:21( Edit History Discussion )

Virginia Foxx: i know that chairman frank has offered to hear the bill and i hope that will happen because that's what we need. it's obvious that a lot of people in this country are very concerned about the roll of the -- role of the federal reserve. we're at a stag in this country where we owe more money than we

Virginia Foxx

1:52:22 to 1:52:43( Edit History Discussion )

Virginia Foxx: have ever owed in the history of this country. our deficit is going to hit almost $2 trillion by the end of this month. our long-term debt is just so large it's almost inconceivable to think of. our unfunded liabilities for

Virginia Foxx

1:52:44 to 1:53:05( Edit History Discussion )

Virginia Foxx: medicare, medicaid, social security, and what this congres continues to do in the control of the democrats is spend, spend, spend. almost every bill that comes up before us is something that will authorize or appropriate money and they passed the largest budget that's ever been passed

Virginia Foxx

1:53:06 to 1:53:26( Edit History Discussion )

Virginia Foxx: in the history of the country. it's really scary. because people can't understand where this is leading. and i know that chairman bernanke said he would not monetize debt, yet that's exactly what he's doing. the way that things are going in a circle around here, we're

Virginia Foxx

1:53:27 to 1:53:36( Edit History Discussion )

Virginia Foxx: borrowing money from ourselves day after day after day and it is high time that we had a very, very good audit of the federal

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