"Still if she gets her way, will it cause significant harm to the economy? "

Really?

That's the best you can come up with?

Anyway, to answer your question, yes it could cause significant harm to the
economy.  Overspending on crap like this could lead to the government
overspending and going in to debt and then having ideological battles over
the debt ceiling and deficit reduction (hello? does anyone realize that
deficit reduction is still overspending?).  Especially if more than one
legislator is doing it.

See the following:
http://www.huffingtonpost.com/2011/05/24/members-of-congress-get-a_n_866387.html

Good quotes:

At the same time, House rules don't require them to divest themselves of
common stocks when they assume office, don't prevent them from trading
freely while in office -- and don't require them to recuse themselves from
votes that could affect their own interests.
...
The study found some significant difference based on party membership and
seniority, with the Democratic sample beating the market by nearly 9%
annually, versus only about 2% annually for the Republican sample.
...
Ever since 2006, a small coterie of Democrats has been trying to officially
prohibit members of Congress and their staffs from using non-public
information to enrich their personal portfolios.  The Stop Trading on
Congressional Knowledge (STOCK) Act was most recently re-introduced in March
by Reps. Louise Slaughter (N.Y.) and Tim Walz (Minn.). It has not been heard
from since.


The STOCK Act is a Democratic piece of legislation I can get behind.


J

-

03-16-2006 - The fact that we are here today to debate raising America’s
debt limit is a sign of leadership failure. Leadership means that ‘the buck
stops here.’ Instead, Washington is shifting the burden of bad choices today
onto the backs of our children and grandchildren. America has a debt problem
and a failure of leadership. Americans deserve better. I therefore intend to
oppose the effort to increase America’s debt limit. - Barack Oba

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~|
Order the Adobe Coldfusion Anthology now!
http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion
Archive: 
http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:341054
Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm
Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm

Reply via email to