If there was any doubt as to who Congress works for, it should have evaporated after the passage of the so-called "Cromnibus" spending bill last week. Included in the funding bill were provisions so odious to good sense that more representatives in Congress should have stood up in protest. One of these, a provision repealing certain regulations on derivatives trading, is so outrageous an act that every single member of Congress who voted for the bill should be ashamed to return to their home districts for Christmas. To make it even worse, the provision was drafted by Citigroup , one of the rogues whose reckless gambling through derivatives trading helped wreck the economy in 2008. Adding insult to injury, the same bill contained a provision raising the maximum allowable political donation so that a couple can now contribute a maximum of $3.1 million to a political party of their choice, as though our system of government was not already awash in money. It is fitting th...
Occasional author. Lover of coffee.