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Dear King Pelosi,
It has come to my attention that according to Bloomberg and Politico’s figures, the Federal Reserve has committed 23.7 trillion tax payer dollars to the banking industry in the form of bailouts and guarantees.
The Constitution in Article 1 Section 9 says:
“Limits on Congress: No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.”
In honor of the private Federal Reserve’s new found constitutional powers granted to them by no one in particular, I would like to propose commemorating this occasion with a new federal holiday.
I propose “God King Bernanke’s Glorious Day Of Bread And Circuses” as a fitting title for this new holiday.
I expect to see legislation coming forth from your office on this important matter post-haste.
All praises and hosannas to your eminence.
Serf,
Michael S