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Hall of Sadists (House of Representatives edition)

2 Jul

The following members of Congress voted against continuing benefits to 1.7 million people who lose their jobs in this recession, and have been unemployed for the past six months. Republicans are in italics, Democrats are in Times New Roman.

Source: http://clerk.house.gov/evs/2010/roll423.xml

Aderholt
Akin
Austria
Bachmann
Bachus
Baird
Barrett (SC)
Bartlett
Barton (TX)
Berry
Biggert
Blackburn
Blunt
Boehner
Bonner
Boozman
Boustany
Brady (TX)
Bright
Broun (GA)
Brown (SC)
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Buyer
Calvert
Camp
Campbell
Cantor
Carter
Cassidy
Chaffetz
Coble
Coffman (CO)
Cole
Conaway
Cooper
Crenshaw
Culberson
Davis (KY)
Djou
Dreier
Duncan
Emerson
Fallin
Flake
Fleming
Forbes
Fortenberry
Foxx

Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gingrey (GA)
Gohmert
Goodlatte
Granger
Graves (GA)
Graves (MO)
Griffith
Guthrie
Hall (TX)
Harper
Hastings (WA)
Hensarling
Herger
Hill
Hunter
Inglis
Issa
Jenkins
Johnson, Sam
Jordan (OH)
King (IA)
King (NY)
Kingston
Kirk
Kline (MN)
Lamborn
Lance
Latham
Latta
Lee (NY)
Lewis (CA)
Linder
Lucas
Luetkemeyer
Lummis
Lungren, Daniel E.
Mack
Marchant
Markey (CO)
Marshall
McCarthy (CA)
McCaul
McClintock
McHenry
McIntyre
McKeon
McMorris Rodgers

Mica
Miller (FL)
Miller (MI)
Miller, Gary
Minnick
Moran (KS)
Myrick
Neugebauer
Nunes
Nye
Olson
Paul
Paulsen
Pence
Pitts
Poe (TX)
Price (GA)
Putnam
Rehberg
Roe (TN)
Rogers (AL)
Rogers (KY)
Rohrabacher
Rooney
Roskam
Royce
Ryan (WI)
Scalise
Schmidt
Schock
Sensenbrenner
Sessions
Shadegg
Shimkus
Shuler
Shuster
Simpson
Smith (NE)
Smith (TX)
Stearns
Sullivan
Terry
Thompson (PA)
Thornberry
Tiahrt
Tiberi
Walden
Westmoreland
Wilson (SC)
Wittman
Wolf


Don’t stop the spending

28 Jun


Photo Credit: http://www.zimbio.com/pictures/Sb_JjUWazWy/Paper+Currency+Designed+Printed+Bureau+Engraving/0xw8VOH5BBT

In today’s New York Times, Nobel laureate in economics, Paul Krugman warns that stopping spending can lead to a double dip recession, and possibly even a depression. Concerns about the US’s spending has also been brought up Federal Reserve Chairman Ben Bernanke to the Senate Banking Committee.

Krugman is right, but I only think this applies to countries that are still in recovery. For example, Britain has less than 8% unemployment and a positive GDP%, they are back to normal, not in a recovery stage like the US is in with nearly 10% unemployment. Also, compared to Europe’s spending, the US has not even gotten close. Not counting Federal Reserve and Treasury schemes, the US has spent about $1.9 trillion on bailouts and stimulus packages*. The total wealth in the US is around $62.3 trillion. (Based on a Federal Reserve paper that says the wealthiest Americans own 87% of the wealth, which is around $54.2 trillion. If I still have my algebra in me, I did a proportion to figure out total wealth). The spending is negligible when compared to total wealth, and surely is to how much our economy is worth. The spending simply isn’t enough.

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* I am basing this on adding the costs of the following pieces of legislation: Bailouts of Fannie Mae, Freddie Mac, and AIG; Economic Stimulus Bill of 2008; Emergency Economic Stabilization Act of 2008; The American Recovery and Reinvestment Act of 2009. I did not include certain bailouts or omnibus spending bills.