Oh the Irony!

In the past two weeks I have received three emails warning the American taxpayers of a pending abuse of taxpayer funds in the form of a Puerto Rico bailout and as well as a potential tsunami of other bailouts involving unions and other municipalities, counties and states. The irony of these missives is they are authored by that great champion of taxpayer dollars, none other than

brounheader

Some of the more ironic paragraphs include:

You see, for decades big spending politicians have used the taxpayers of Big Government-dominated states like California, New Jersey, Illinois and New York for their own personal gain.

“Big spending politicians” like Congressmen that cannot manage their office budget?

Or what about this line:

“Vote to bail out Puerto Rico and lose your job!” If I learned one lesson during my time in Congress, it’s that those kinds of messages resonate with elected officials!

Apparently not! Or you would not have sought re-election to Congress while still under the cloud of a suspended ethics or perhaps even a criminal investigation.

Surely I tell you this email originated at the “gates of hell”

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Will DurantJohn KonopSaltycracker Recent comment authors
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Saltycracker
Saltycracker

Lots of political speak to opine from, it’s not a bailout unless we send money or guarantee the debt. Sending in the A team to advise on restructuring debt depends on who takes the haircut or assumes the risk.

On setting precedents, Surely you don’t support bailing out Illinois, California and others ?

John Konop
John Konop

This is a mess! PR has a 70% debt ratio to GDP, way out of whack. This will be a mad scramble, who takes the biggest loss. Some of the bonds are guaranteed by tax increase like the Bobo deal. This is why I ask for details on budgets, bond structure…..We have many in both parties, playing kick the can, and unwilling to ask the tough questions, verse being tribal cheerleaders. I will give people like Charlie Harper and Will Kremer credit, for not being scared to point out the math problems. The PR issue is not isolated, we have… Read more »

Saltycracker
Saltycracker

Wall Street banks, took the bonds, pocketing hundreds of millions, probably assuming the Hamiltonian Federalists aka Democrats would eventually back their risk if it went sour. Their hedge insurance is big donations and speaker fees to friends of Bill. That is not conspiracy today, it is smart big business politics in a nation going left.

John Konop
John Konop

In fairness no shortage of Neoliberal policy makers from either party. How many times I hear from politicians wanting to deregulate government backed loans. And now both parties have us guaranteeing derivatives, that was a key driver in the last collapse. This will make the PR issue look like rounding error. ……….As one of its final acts last week, Congress passed a spending bill for 2015. Tucked into it was a provision to loosen banking regulations on hedges or bets known as derivatives or swaps. These are financial instruments that essentially allow banks to hedge bets on things that rise… Read more »

Saltycracker
Saltycracker

Republicans are having no problem embracing Federalism and anti-individual social issues either.

Will Durant
Will Durant

PACs mean never having to say goodbye.

Will Durant
Will Durant

“It’s absolutely imperative that we support Israel — our brothers and sisters in the Middle East — not only because of the geopolitical reasons there, which are strong enough in themselves, but because of a promise God made to Abraham,” Broun said, citing Genesis 12:3. “He said, ‘I’ll bless those that bless you and I’ll curse those who curse you.’ America must support Israel to continue to be blessed.” ── Paul Broun, Senate Primary Debate, 2FEB14 Putting aside whether you think a nebulous link in Genesis or if the Old Testament should be used at all as the guiding direction… Read more »