Monday, February 13, 2012

Congressional financial planning…” One for you, One for me, One for you, Two for me”

The Washington Post  02/07/12

“Capitol Assets:  Some Legislators send millions to groups connected to their relatives”


Some members of Congress send tax dollars to companies, colleges and community groups where their spouses, children and parents  work as salaried employees, lobbyists or board member, according to an examination of federal disclosure forms and local public records by the Washington Post.

In some cases, the lawmakers sought advice from congressional committees assigned to examine possible conflicts on Capitol Hill. The panels informed them that the practice of earmarking money to the workplaces of relatives is permissible, as long as tax dollars are not going directly to or solely benefitting their husbands, wives or daughters.

Although members of Congress declared a two-year moratorium on earmarks last year, lawmakers attempted to put through 115 provisions worth $834 million into a House defense bill last year.
Last week, the Senate defeated a proposal authored by Sen. Patrick J. Toomey (R-PA) that would have permanently banned earmarks, the Senate just extended the moratorium another year.

Common Sense Review

Those in charge of the purse take a vig.  A vig is a fee paid so you can participate in gambling. The old phrase “the house takes a cut” is shown true in the Federal Govt. 

Yet after we the taxpayers pay to be represented by these politicians, they direct our money for their personal benefit.  This embezzlement (legally defined as a breach of trust) of public’s funds is justified in the “greater good” without telling that public their intentions.  

Once again these Representatives don’t think the people who hired them, are intelligent enough to figure out their deception.

Watch to more entry with details of the financial deceit….

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