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Saturday
Oct222011

To Quote Liza Minnelli: Money makes the World Go Around

I am less and less interested in politics. The corruption is huge. From Washington Spectator:

Under the new rules for the 2008 election cycle, the DCCC [Democratic Congressional Campaign Committee] asked rank-and-file members to contribute $125,000 in dues and to raise an additional $75,000 for the party. Subcommittee chairpersons must contribute $150,000 in dues and raise an additional $100,000. Members who sit on the most powerful committees … must contribute $200,000 and raise an additional $250,000. Subcommittee chairs on power committees and committee chairs of non-power committees must contribute $250,000 and raise $250,000. The five chairs of the power committees must contribute $500,000 and raise an additional $1 million. House Majority Leader Steny Hoyer, Majority Whip James Clyburn, and Democratic Caucus Chair Rahm Emanuel must contribute $800,000 and raise $2.5 million. The four Democrats who serve as part of the extended leadership must contribute $450,000 and raise $500,000, and the nine Chief Deputy Whips must contribute $300,000 and raise $500,000. House Speaker Nancy Pelosi must contribute a staggering $800,000 and raise an additional $25 million. 

 

—Marian Currinder, Money in the House (2008)

Note that the article I am quoting is shocked by accross the board spending cuts. I am shocked that the proposed cuts are so small. Yes, we also need to repeal the Bush tax cuts. We need to be in balance now, while we still can make cuts rationally. If we wait and are unable to refinance our debt, the situation will be dire. 

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