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Mark Pincus Blog
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US govt deal making is a race to the bottom
Its been painful to watch our democrat led govt turn into a free money feeding frenzy.
Todays nytimes reports that in order to pass the climate change bill lawmakers doled out billions in gifts to each other and special interests from agriculture, forestry and even oil.
It says "the deal making continued up untill the final moments with rep waxman doling out billions on the house floor to secure final votes.'
The story notes that a freshman lawmaker from florida got $50 million for a hurricane research center.
Rep bobby rush of illinois withheld support until a last minute deal got his state $1 billion for jobs and energy efficient public housing. Does anyone question whether the energy saved will equal the $1 billion we're providing?
Even texas oil refineries got 'relief' with nearly $3 billion annually to help with added costs.
Rahm emanuel's quote says the president 'loves the bill...including the great, the good and the not so great provisions.'
As I've said before, we are reliving the lyndon johnson years of guns and butter. The only difference is the magnitude of spending.
What happens when you have a country with less than half its voters paying any taxes and a small % paying the majority?
For the minority footing greater bills there is a disincentive to generate income. For the vast majority there is a race to the bottom. Get while the getting's good.
In other nytimes news...the governor of south carolina says he will repay public funds used to visit his mistress in argentina which he rationalizes"
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