Members With Undisclosed Earmarks Will Still Get Their Goodies
Posted by Jim Harper
The Hill reports that Members of Congress who failed to disclose their earmark requests as required by new rules in the House will still get their goodies.
Members who failed to disclose their earmarks as required by the April 4 deadline should have them rejected out of hand. But Congress makes the rules, and Congress can [...]
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The Bailout: Ready, Vote, DEBATE!
Posted by Jim Harper
Here’s something interesting to note from the raft of bills introduced when Congress returned briefly after the election: A bunch of ‘em were about the financial services bailout. Mostly in the Senate, but with a few examples in the House, bills were introduced to manage how the bailout would work.
Here’s the problem with that: The [...]
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Dueling Bailout Law Violations
Posted by Jim Harper
Make no mistake, if banks were to use bailout money to pay dividends, it would be an offense to the taxpayers who thought their money was going to be used for lending. And House Financial Services Committee Chairman Barney Frank (D-MA) is right to object to that possibility.
But the statement he released Friday is [...]
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