Wondering how Paulson intends to spend your tax dollars? Me too. But if he has his way, you and I won’t have a say in it – nor will anyone else.
In a three page summary of his plans for a bailout, which he hoped that Congress would rush to approve, Paulson wrote:
Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Of course, now he’s claiming that of course he wants oversight.
This is scary, folks. It’s not just a few dollars of someone else’s money. It’s yours and mine.
Be sure and let Congress know what you feel about the bailout – no matter where you stand – because it’s that important. You can contact your Representatives here – and your Senators here.
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So much for a system of checks and balances. This puts a totally new spin on Section 8