Libertarians for Ron Paul

Wall Street Bail-Out: A Constitutional Question

On Monday, September 29, the House of Representatives voted down the first attempt to pass a Wall Street Bail-out bill. After the House defeated the original bill, a revised version of the Bail-out was introduced into the U.S. Senate, and on Wednesday, October 1, passed by a margin of 74 to 25. On Friday, Ocotber 3, the House of Representatives voted to pass the Senate Bail-out bill.

Article 1, Section 7, Clause 1 of The Constitution of the United States says: “All Bills for raising Revenue shall originate in the House of Representatives…”

Therefore the Senate bill is a clear violation of The Constitution of the United States.

A variety of commentaries on this section of the Constitution, and why it was adopted, are available @  

 http://press-pubs.uchicago.edu/founders/tocs/a1_7_1.html