The following resolution will come before the Republican National Committee at its January meeting:

"WHEREAS, the Bank Bailout Bill effectively nationalized the Nation's banking system, giving the United States non-voting warrants from participating financial institutions, and moving our free market based economy another dangerous step closer toward socialism; and WHEREAS, what was needed, and is still needed, to fix the banking industry is not a bailout, but rather a commitment to fiscal responsibility."

I'm sure most of you know about the petitioning effort to support Dr. Paul's bill to end the Federal Reserve System - see http://www.endthefed.us/repeal.php .

The goal is to get 1 million signatures by Feb. 23rd. When the new 111th Congress convenes, Dr. Paul will re-introduce his legislation (H.R. 2755 in the current session) to end the Fed. The bill will be referred to the House Committee on Financial Services. The petition will be presented there, I believe, coincident with a phone call, fax and email campaign.

I've got a question to pose to you experts :-), about a possible proposal I've been rolling around my brain for a while.

I've been having this discussion on a couple of the Georgia CfL lists, but I thought it might be a good idea to post it on a few blogs.

The U.S. Constitution says, in Article I Section 10, "No State shall... Make any Thing but gold and silver Coin a Tender in Payment of Debts..."