Return On Investment

June 25th, 2008at 07:32am Posted by Eli

If you can afford it, bribing a congresscritter is just about the best deal there is.  As Politico and MAPLight report, our Democratic congresscritters sold us out on FISA, thus saving the telecoms millions and millions of dollars in liabilities, for a mere pittance – an average of less than $10,000 over three years, and a maximum of $29,500.

This happens time and time again: Senators and Representatives give away thousands, even millions on the dollar to industries for comparatively tiny amounts of campaign cash, or even some smoozing and a golf trip.  I mean, if you’re going to let yourself be bribed, at least don’t sell yourself so cheaply.

Of course, the underlying problem is, it’s not their money they’re giving away, it’s ours.  It’s akin to someone selling your car for $200 – it’s a terrible deal for you, but a great deal for them.  Unfortunately, I can’t think of any way to remedy this without creating perverse incentives that might make matters worse.

Sure, you could tie their pay to the budget surplus/deficit somehow, but we’d just end up with sky-high tax rates and no services.  Plus most congresscritters have other sources of income that dwarf their government salaries, so maybe the incentives/disincentives should apply to their campaign funding instead.  That would certainly get their attention, but then we’re back to the perverse incentives again.

If anyone has any ideas on how to give our politicians some “skin in the game” so that when they give away our money, they’re also giving away their money, I’m all ears.

Entry Filed under: Corruption/Cronyism,Democrats,Politics,Wankers


Contact Eli





Feeds

Linkedelia!

Most Recent Posts

Archives

Categories

Calendar

June 2008
M T W T F S S
« May   Jul »
 1
2345678
9101112131415
16171819202122
23242526272829
30  


Thinking Blogger

Pittsburgh Webloggers

Site Meter


View My Stats *