| "Only dull people are brilliant at breakfast" -Oscar Wilde |
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"The liberal soul shall be made fat, and he that watereth, shall be watered also himself." -- Proverbs 11:25 |
Twelve donors tied to one of the nation’s biggest hedge funds contributed more than $150,000 to a political committee in Georgia controlled by Rep. Scott Garrett, the North Jersey Republican likely to have increased power over financial regulations next year.
The Scott Garrett Victory Committee was created in July and registered in Athens, Ga. In August and September, the donations came in from employees, or spouses of employees, of Elliot Management Corp., manager of a $17 billion hedge fund that specializes in distressed debt.
Two of the donors gave more than $35,000 each. That’s far above the limit of $2,400 per election that individuals could give to candidates, but the contributions were legal because the Garrett committee was a joint entity with several other political action committees, including the National Republican Congressional Committee, which has much higher limits.
Garrett transferred less than $10,000 of those contributions to the campaign fund for his own reelection race, which he won with 65 percent of the vote on Nov. 2. Nearly all of the rest — 83 percent of the money raised — went to the NRCC to maintain or expand Garrett’s influence with fellow House members, or to Republican candidates and committees in Garrett’s district and around New Jersey.
Labels: Greedy Republican Bastards, Scott Garrett, what liberal media
This morning, on Fox News Sunday, Paul said that his focus in the Senate would be reducing the “mountains and mountains of debt.” But when asked to square that with his desire to spend trillions of dollars on tax cuts, he replied that, when it comes to extending Bush’s tax cuts, “I’m not seeing it as a cost to government”:Q: You said at the very beginning, the first issue you mention was the national debt. If you’re so concerned about the national debt, how are you going to pay for a $4 trillion loss of revenue from the tax cuts.
PAUL: I think, first of all you look at whose money it is. It’s the people’s money, who earned the money; we give up some to pay taxes, so I’m not seeing it as a cost to government.
Watch it:
Paul later promised to “introduce legislation that will reduce spending,” but when Fox News’ Chris Wallace noted “there’s no way you’re going to get $4 trillion by spending cuts,” Paul simply reiterated that he would cut spending without laying out any specifics.
Labels: Scott Garrett, Teabaggers
