Rep. Campbell Calls Government, IRS & EPA ‘The Police State’

Video: Rep. John Campbell Calls Government, IRS & EPA ‘The Police State’

Rep. Campbell: Government, IRS, EPA Are ‘The Police State’

Rep. John Campbell (R-Calif.) (AP)

(CNSNews.com) — Rep. John Campbell (R-Ca.) called the government, the Internal Revenue Service (IRS) and the Environmental Protection Agency (EPA) “the police state” at a Financial Services Committee hearing at the Capitol on Thursday.

At the July 10 hearing, Legislation to Reform the Federal Reserve on Its 100-year Anniversary, the Federal Reserve Accountability and Transparency Act (HR 5018) was discussed, legislation which would require “the Federal Reserve to provide the Congress with a clear rule to describe the course of monetary policy.”

The act would also require the Fed to conduct cost-benefit analysis, require transparency on bank stress tests and international financial regulatory negotiations, and would order the Fed to disclose the salaries of highly paid employees.

An opponent of the measure, Dr. Simon Johnson, a professor of Economics at the Massachusetts Institute of Technology, likened the Fed being audited by the Government Accountability Office (GAO), which is the government’s auditing office, to a “police state.”

In response, Rep. Campbell said, “The GAO? Having the GAO audit a government agency is a police state?”

“The police state is the government they’re auditing, that’s the police state,” Campbell said. “The police state is the IRS, the police state is the EPA, the police state is all them. That’s the police state. Auditing is not a police state. Now you’re really ticking me off.”

Rep. Bill Huizenga (R-Mich.) who introduced the Act, said the Fed must be accountable to the American people.

“Over the past several years, the Federal Reserve has been gaining unprecedented power, influence, and control over the financial system in Washington, while remaining shrouded in mystery to the American people,” Huizenga said.  “The standard operating procedure cannot continue. We must lift this veil of secrecy and ensure that the Fed is accountable to the people’s representatives.”

Huizenga’s statement was echoed by the chair of the committee, Rep. Jeb Hensarling (R-Texas).

“Most recently we have seen a radical departure from the historic norms of monetary policy conduct from an unprecedented use of 13(3) exigent powers, to select intervention and distinct credit markets, to the facilitation of our sustainable national debt to a blurring of the lines between fiscal and monetary policy all of which presents large and unwarranted risk to our economy,” said Hensarling.

But opponents of the measure called it “tedious,” “expensive,” and like “audit the fed on steroids.”

Waters Ethics

Rep. Maxine Waters (D-Ca.). (AP Photo/Susan Walsh, File)

“Today, under the guise of reform, my colleagues on the other side of the aisle have put forth legislation that will cripple the Federal Reserve’s ability to promote growth, stabilize the economy, and in times of extraordinary crisis, take decisive action to avoid an economic collapse,” said Rep. Maxine Waters (D-Calif.).

“This legislation is a concession to the opponents of the Dodd-Frank Wall Street Reform Act,” she said.  “By making the Fed’s rulemaking more tedious, more expensive, and subject to endless legal challenges than those who do not agree with these decisions. Unfortunately, this proposal follows a Republican roadmap we have seen too often on this Committee.”

Similarly, Rep. Carolyn Maloney (D-N.Y.) said, “This bill also goes far beyond the ‘audit the fed’ bill that this House voted on last Congress. As one newspaper described it, it is ‘audit the fed on steroids.’”

“While it’s true that this bill doesn’t force by law the Fed to follow a particular formula for interest rates, it does attempt to bully the Fed into following the Republicans preferred monetary policy,” said Maloney.

Huizinga stood by the bill and questioned the constitutional standing of his colleagues, saying, “I cannot figure out why so many of my colleagues are willing to hand over their constitutional standing, I would argue their constitutional duty, to fulfill oversight responsibility.”

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About Ask Marion

I am a babyboomer and empty nester who savors every moment of my past and believes that it is the responsibility of each of us in my generation and Americans in general to make sure that America is as good or even a better place for future generations as it was for us. So far... we haven't done very well!! Favorite Quotes: "The first 50 years are to build and acquire; the second 50 are to leave your legacy"; "Do something that scares you every day!"; "The journey in between what you once were and who you are becoming is where the dance of life really takes place". At age 62 I find myself fighting inoperable uterine Cancer and thanks to the man upstairs and the prayers from so many people including many of my readers from AskMarion and JustOneMorePet... I'm beating it. After losing our business because of the economy and factors related to the re-election of President Obama in 2012 followed by 16-mos of job hunting, my architect-trained husband is working as a trucker and has only been home approximately 5-days a month since I was diagnosed, which has made everything more difficult and often lonely... plus funds are tight. Our family medical deductible is 12K per year for two of us; thank you ObamaCare. But thanks to donations from so many of you, we are making ends meet as I go through treatment while taking care of my father-in-law who is suffering from late stage Alzheimer's and my mother-in-law who suffers from RA and onset dementia as well as hearing loss, for which there are no caretaker funds, as I continue the fight here online to inform and help restore our amazing country. And finally I need to thank a core group of family, friends, and readers... all at a distance, who check in with me regularly. Plus, I must thank my furkids who have not left my side through this fight. You can see them at JustOneMorePet.
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