Archive for U.S. Congress

As the Democrat Cookie Crumbles…

Posted in Politics with tags , , , , on March 18, 2009 by FEGNS

So, this AIG backlash is really starting to catch momentum.  People’s outrage just continues to snowball, and I have a real good feeling that more than a few representatives will see their careers on Capitol Hill end soon because of this issue.

Today reports came out which indicate that Sen. Chris Dodd (D-Conn.) inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward.  Former GOP congressman Rob Simmons is taking full advantage of all the negative press surrounding Dodd by announcing this week that he will be running against Dodd (pictured above) when he comes up for re-election.

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U.S. Government Threatens AIG

Posted in Politics with tags , , , , on March 17, 2009 by FEGNS

Government Leaders are furious regarding recent news that bailed-out company, AIG is issuing $165 million in bonuses.

Congressional Democrats vowed Tuesday to all but strip AIG executives of their $165 million in bonuses as expressions of outrage swelled in Congress over eye-catching extra income for employees of a firm that has received billions in taxpayer bailout funds.

House and Senate Democrats were crafting separate bills to tax up to 100 percent of generous bonuses awarded by companies rescued by taxpayer money.

Great… this is exactly what the United States and it’s free market economy need: the Government stepping in and deciding how much people get paid to do their jobs.  Here we go… deeper and deeper into the rabbit hole.

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Congress Gives Themselves More Money

Posted in Politics with tags , , on February 25, 2009 by FEGNS

In the news this morning, it was released that The United States Congress has proposed hefty increases (in many cases) to numerous domestic spending programs… this increase in spending will be in addition to the increased spending that’s already been proposed (and passed) in the recent $787 billion stimulus package.

Now I’m not necessarily against domestic spending… but when I read that “Congress also awarded itself a 10 percent increase in its own budget, bringing it to $4.4 billion,” I feel as though I’m in need of glasses or something.

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