This is a very interesting discussion with one of the “good guys” in Washington (there are a few) on the nature of government and where we have gone wrong.
We have said before that no Fed Chair was ever “free market.” This absolutely includes Mr. Greenspan. His legacy is one of a price fixer, an economic manipulator, a bubble blower, and ultimately one who in many ways ushered in the crony era we live in today.
But as we see in the attached piece from Sebastian Mallaby, Allan Greenspan, the one time “Maestro,” knew better all along. He knew that Fed policy could and typically did destabilize the real economy.
This money (US taxpayer money) often just goes to the crony classes within these countries. Those positioned to take advantage of the USA’s largesse do well. The “people” often do less well. Especially when considering that much of this money goes to arms. (American arms.)
When it comes to military aid both the Military Industrial Complex lobbyists and the lobbyists of favored countries team up to make sure American taxpayers continue to pay the bills for their clients.
Interest rates ain’t a’gonna go up significantly anytime soon. It blows up the budget. (Of course if they do, or have to, then things get REALY interesting.)
This will never happen because Congress has GOOD healthcare. They excluded themselves from Obamacare. Do you think they would ever throw themselves into the Veterans Affairs system? Not – a – chance. But it’s good to have them on the record as being hypocrites.
The VA system is a disaster. It does not serve our veterans as it should. Indeed as has been covered many times by many outlets hundreds of thousands of vets have died just waiting for treatment.
ACC is a completely non-partisan organization. We do not support/endorse or oppose any candidate for office. We believe that both major parties are heavily influenced by special interests and will report on crony capitalism wherever and whenever we see it.
Lobbying is the big prize at the end of the line for many members of Congress. If one is already rich one can stick around as Senator or Representative. If however one is not rich K Street and the life of Gucci Gulch is always there. No one (it seems) leaves. No one quits. They shift, and they shift from Capitol Hill to Downtown a few blocks to the south and west.
Is it against the law? Well, I suppose that depends on what the definition of “is” is.
She didn’t say this but she might as well have.
During Attorney General Loretta Lynch’s exasperating appearance before the House Judiciary Committee Tuesday, she refused to answer the simplest of questions put to her by Republicans on the panel. Rather than answer basic questions, she repeatedly suggested that the answer depended on the circumstances.
Both conventions will no doubt be ridiculous spectacles. But Uber feels that the spectacle in the City of Brotherly Love is more politically advantageous than hanging with Republicans. This despite the fact that Democrats across the nation have fought Uber’s efforts to expand at every turn and that both Clinton and Sanders have been highly critical of the company. (This is actually one of the main reasons Uber is passing on Cleveland of course. They are intimidated and figure Clinton will likely win so it’s not worth being “tarnished”
Well, we’ll see what happens with Ms. Brown. Looks like she was a bit too blatant in her efforts, but the courts will decide that. However I think this quote from the article is very telling,
“The government’s decision to treat Congresswoman Brown like a common criminal instead of a member of Congress shows that this is a politically motivated prosecution,” she said.
The beef here seems to be that Ms. Brown is not getting the customary treatment for Representatives.
The military industrial complex is massive. It hangs like a moon in the skies over Washington DC. Its political gravitational pull is unrivaled. Its presence always felt.
What kind of “conservative” quits Congress but continues to have the taxpayers pay for an office and staff? No wonder we could never get spending curtailed with Speaker Boehner in office. He didn’t and doesn’t care about the money we send to Washington. Clearly in his eyes such funds are spoils not a precious resource.
Sadly it appears the same can be said for Speaker Ryan.
How great of the House. Thanks for setting a precedent for states like Illinois, and California which will soon see shortfalls due to overly generous government worker pensions and will soon also be begging Washington to save their overspending posteriors. By which we mean Cali and Illinois will be begging Washington to force US taxpayers to save them. I mean if lowly Puerto Rico can get a “rescue” surely mighty California can get one.