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Politicians Cash In on the Debt Debate

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cbdo2007 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-28-11 01:57 PM
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Politicians Cash In on the Debt Debate
Politicians cash in on the debt debate

PoliticoBy Manu Raju, Anna Palmer | Politico – 9 hrs ago

Democrats and Republicans may not be able to get together on a deal to raise the debt ceiling, but there’s one thing lawmakers in both parties seem able to agree on: They need cash.

As Washington and Wall Street scramble to avoid default, a credit downgrade and economic chaos, lawmakers and interest groups — everyone from fiscal conservatives like Rand Paul to House Democrats like Martin Heinrich and party committees — have tried to capitalize on the debt crisis to fill their campaign coffers and help their like-minded allies.

The fundraising pitches also point to the larger problem infecting Washington — the tone of the messages are sharply partisan, and campaign donors often don’t want their lawmakers to compromise, a dynamic that plays into the stalemate facing Congress as it tries to avoid an economy-shaking default next week.

“No phony deals,” wrote Paul, a tea party favorite.

http://news.yahoo.com/pols-cash-debt-debate-094100592.html
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surprise, surprise - the longer they string this out the more money they bring in for their campaigns.
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Loge23 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-28-11 01:59 PM
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1. Enjoy it while they can
I think it will be open-season on incumbents for the next few elections.
People, even the uninformed or misinformed, have had it.
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