Daily Archives: January 14, 2010

Congress continues to waste money, banks get taxed

I just heard President Obama addressing the tax he is imposing on large banks , blasting their “business as usual” mentality.

“We want our money back, and we’re gonna get it.”

While it may be objectionable for banks to continue with their huge bonuses, and I believe it is unacceptable, I wonder why he does not stop Nancy Pelosi and other elected officials in the federal government from wasting money, as they are continuing to spend tax money without hesitation.

Bear in mind that these people contribute nothing – zero – they only cost money, they do not produce anything, they make no loans, and that every penny they spend, exactly 100 percent, is tax payer money.  Here  is just one example of their “business as usual” spending in the midst of economic crisis in the country, namely, their trip to Copenhagen.  Actually nobody needed to go to Copenhagen, not even President Obama.

CBS investigative correspondent Sharyl Attkisson reports that cameras spotted House Speaker Nancy Pelosi at the summit. She called the shots on who got to go. House Majority Leader Steny Hoyer, and embattled Chairman of the Tax Committee Charles Rangel were also there.

They were joined by 17 colleagues: Democrats: Waxman, Miller, Markey, Gordon, Levin, Blumenauer, DeGette, Inslee, Ryan, Butterfield, Cleaver, Giffords, and Republicans: Barton, Upton, Moore Capito, Sullivan, Blackburn and Sensenbrenner.

[…..]

Our investigation found that the congressional delegation was so large, it needed three military jets: two 737’s and a Gulfstream Five — up to 64 passengers — traveling in luxurious comfort.

See full article here.

Spouses also went along.  It seems a full accounting of the cost of all this not easily attainable, but here’s some figures:

**Three military jets at $9,900 per hour – $168,000 just in flight time.

**Dozens flew commercial at up to $2,000 each.

**321 hotel nights booked – the bulk at Copenhagen’s five-star Marriott.

**Meals add tens of thousands more.
More on expense reports here.

So, Mr. President, why don’t  you make them pay back the money they took from the public pocket?

Posted:  01.14.10

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Filed under Barack Obama, Financial Crisis, Human Interest, politics, President Barack Obama