Government Accountability Office
Kentucky Sen. Rand Paul (R) appeared on Glenn Beck’s radio program Thursday to respond to what Beck called a “hit piece” in Politico criticizing the senator’s push to audit the Federal Reserve.
“They bring up a lot of points that somebody like me looks at and says, ‘Well, gee, that kind of makes sense. What’s Rand talking about?’ So let’s go over these point by point,” Beck told the senator. “The article says the [Federal Reserve’s] finances are already subject to an audit by the GAO, the Government Accountability Office, the Federal Inspector General and outside audit firms.”
Paul suggested Beck watch a “really great exchange” where a congressman asked the Federal Reserve auditor during a committee hearing what was purchased with around $2 trillion. The auditor said they were “not allowed” to audit Federal Reserve bank activities.
Sen. Rand Paul (R-Ky.), who is eyeing a presidential run in 2016, introduced legislation this week that would subject the central bank to a complete audit of its activity by the Government Accountability Office.