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New OpEd: The Derb puts it all in perspective.
[link|http://www.nationalreview.com/derbyshire/derbyshire071702.asp|The only remaining difference between big business and big government]

Excerpt:

Item: While senators and congressmen hyperventilate over accounting scandals in a handful of big corporations, the U.S. government itself squanders, wastes, loses, and misappropriates hundreds of billions without a blush. Congressional accounting is a joke, auditing is an entire comedy routine, and all government "budget" and "expenditure" figures, including any I may have quoted in this article, are science fiction. Corporate bosses who swindle their way into private fortunes while their companies go under, end up disgraced and/or in jail. The congressional crooks and shysters who hose public money into sinkholes like Haiti, farm subsidies, home-district pork projects or the Department of Education, go on to ever greater political triumphs, and eventually to colossal pensions and lucrative speaking engagements or prestigious academic posts.

On the other end of it, the people who invested in the companies that get looted by corrupt CEOs, did so voluntarily, in the hope of enriching themselves with no effort. When their hopes prove vain, they howl that they are victims, and the newspapers whine on their behalf about "defrauded shareholders." The people whose money goes into those government-favored sinkholes, by contrast, are taxpayers, who had the money torn from them under threat of legal penalties. When the horrible failure of government "investments" become too obvious even for lefty media stooges to ignore, the people who paid for it all without the option are chided for having greedily permitted themselves to be undertaxed.

I say:

What we need is equal opportunity outrage.
[link|http://www.angelfire.com/ca3/marlowe/index.html|http://www.angelfir...e/index.html]
Everything's a mystery until you figure out how it works.
If competence is considered "hubris" then may I and my country always be as "arrogant" as we can possibly manage.
New He may have started out British, but Amen
New But...but...but...
aren't the (fiscally responsible) Republicans in charge of Congress?

How can Democrats be doing all of this?

Yet..."While senators and congressmen hyperventilate over accounting scandals in a handful of big corporations, the U.S. government itself squanders, wastes, loses, and misappropriates hundreds of billions without a blush." Well, damn...who's fault is this?


Sidenote: (not that I care)

Losing money in a political sinkhole is not illegal for corporate CEO or politican.

Lying about losing money is illegal for corporate CEO's (and it should be for politicians).

New Losing money is just good politics.
More pork for the constituants.

Other than that, kudos for his vision of how the war "should" have been fought and the problems with "The Dept. of Homeland Security".
     OpEd: The Derb puts it all in perspective. - (marlowe) - (3)
         He may have started out British, but Amen -NT - (wharris2)
         But...but...but... - (Simon_Jester) - (1)
             Losing money is just good politics. - (Brandioch)

Possibly.
62 ms