One of the big issues being debated is Ron Paul's bill to audit the Federal Reserve. The Fed would have you believe that to let you see what they are doing would break their ability to manage the financial system and the world would explode as a result. I, and probably the majority of Americans who think about it believe that they don't want you to see the sweetheart deals and downright corruption that is the relationship between the finance industry (Goldman Sachs, JP Morgan), Federal Reserve (a "private" central bank owned by ??) and the US Treasury Department (who has the ability and does spend taxpayer money and sell US Government debt, with Congress' approval).
The lack of transparency also hides the less insidious, but probably more dangerous complete incompetence. Recently, the Fed published a paper outlining the reason for no transparency. Mish and some other economists analyzed the content (you need to be good at math):
As a result they found glaring math errors with the model that the Fed uses to made it's decisions. Just more examples why the Federal Reserve needs to operate in a 100% transparent REAL TIME (no 6 month delay like in the Paul bill) and any fraud or crony capitalism needs to be prosecuted.