Congress gives itself a raise
With unemployment shooting up (last month we had 12.5% unemployment), with stocks dropping like a rock, and with a depression looming, Congress has given themselves a raise.
After all, they deserve it. It’s really hard to spend $350 billion and not know where it went:
But a month after the money was doled out, the chair of the congressional oversight panel told reporters she didn’t yet know where the money was.
“I only got this job 14 days ago,” Elizabeth Warren, who chairs the congressional oversight panel, said last week on MSNBC. “We don’t have a fax machine. We don’t have, you know, a phone yet.”
They have phones now, and “we’re up to a staff of five,” Warren said.
Five people watching $350 billion? So each guy has to track just $70 billion? I think someone needs to rethink this.
In most jobs your raise is dependent on your performance, and right now Congress has a 9% approval rating. But if you’re a Congressman, you don’t need to worry about performance, you can just give yourself a raise!
Forget working for Detroit, Wall Street, becoming a gradual student, or setting up my own $120,000 course on how to identify a gold-digger, I need to become a Congressman. That’s where the easy money is.
“The government has to do something quickly!” | Defenestrating Thoughts from the Bivouac wrote:
[...] they spend other people’s money. A great example of this is the current bailout:Â there is no oversight on where the money went, the entire plan is built on assumptions they have “considerable uncertainty” about, [...]
Posted on 29-Jan-09 at 9:41 pm | Permalink