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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: gao seng who wrote (16773)	6/14/2001 11:32:31 PM
From: Win Smith	Read Replies (1) \| Respond to of 82486

Yeah, Thomas Jefferson wouldn't recognize a country where there were no slaveowners knocking up their slaves and then denying that the offspring existed.

To: gao seng who wrote (16773)	6/15/2001 9:35:09 AM
From: Neocon	Read Replies (1) \| Respond to of 82486

I am not sure what to say of the Federal Reserve, but taxation permitted by amendment to the constitution is, by definition, constitutional. Also, I fail to see how we have taxation without representation. If we can gain solid majorities, we can change the tax code radically. I will think about the Federal Reserve, and get back to you......

To: gao seng who wrote (16773)	6/15/2001 12:34:05 PM
From: Neocon	Read Replies (1) \| Respond to of 82486

Something on the Federal Reserve: It is a central bank, but it is decentralized with a system of regional Reserve Banks responsive to local needs. It is a public institution with a public purpose, but it has some private features—directors, "stockholders," and selling services. It is governmental, but it is independent within government. On the one hand, it was created by and reports to Congress; its highest officials, the members of the Board of Governors, are appointed by the President and confirmed by the Senate; and its earnings and assets ultimately are returned to the U.S. Treasury. On the other hand, the Fed operates on its own earnings rather than Congressional appropriation; the Board of Governors terms are long and staggered, limiting the President's influence; and unlike other nations central banks, it is separate from the Treasury. I am trying to see what is unconstitutional in this arrangement. (Again, I am not evaluating its wisdom). Can you cite the particular feature which is unconstitutional?