Thursday, October 2, 2008
Just Say No To Pork
According to Politico.com
Minnesota Rep. Jim Ramstad finally has a strong chance to win a career-long fight: equal treatment for mental illness in health care coverage. But victory won’t come cheap: It’ll be about $700 billion, to be precise.
That’s the cost of the bailout package Ramstad opposed on Monday. But he will have to reconsider that vote now that congressional leaders have glued the massive bill to his mental health parity legislation.
Ramstad is not alone. Many House members who helped defeat the bailout plan are now taking a second look because of sweeteners poured on the greatly expanded, 450-page Senate version.
The Senate bill includes $3.3 billion in federal aid for rural schools, a two-year extension of the popular deduction for states that rely on sales tax and another one-year patch to protect millions of middle-income households from paying the dreaded alternative minimum tax. It also has alternative energy tax proposals and a major change to Federal Deposit Insurance Corp. coverage.
Here are nine reasons the bailout bill is wrong. Oink Here The first being one the bill does not effectively address the issue of what the taxpayers of our country will actually own after they invest hundreds of billions of dollars in toxic assets. This bill does not effectively address the issue of oversight because the oversight board members have all been hand picked by the Bush administration. This bill does not effectively deal with the issue of foreclosures and addressing that very serious issue, which is impacting millions of low- and moderate-income Americans in the aggressive, effective way that we should be. This bill does not effectively deal with the issue of executive compensation and golden parachutes. Under this bill, the CEOs and the Wall Street insiders will still, with a little bit of imagination, continue to make out like bandits.
So to all those politicians who make campaign promises that they can "eliminate pork spending".
My advice to each of you...don't look yourselves in the mirror.