The Democrats' Witch-Hunt Against Conservatives Just Ramped Up
The First Black Swan
John Fetterman Has Another Encounter With Pro-Palestinian Protesters
Some of the Reactions to O.J. Simpson's Death Were Wild
Hamas Just Made a Major Announcement...And the Media Is Nowhere to be Found
OJ's Death Permits Racism
What it Takes to be a Good Black Politician or Pundit
The Importance of US-Iraq Relations
Crippling Cyberattack Brings U.S. HealthCare System to a Halt
Trans Activists On The Wrong Side of History
The America First Approach Offers HOPE, Support for Women and Children
The Empire Strikes Again – in Ethiopia
The Threat of Modern School Counselors in Public School
Trump Snaps At Hostile Reporter Who Questioned His Abortion Stance
Dem Denver Mayor: 'We Want to Be a Welcoming City' for Illegal Immigrants
Tipsheet

Of AIG, Earmarks, & Accountability

Quite rightly, President Obama (and the rest of America, for that matter) are incensed at the news that AIG has paid out bonuses, using TARP (that is, taxpayer) money that was approved on the Obama administration's watch.  There is no excuse for such waste and arrogance (and, frankly, incompetence on the part of the administration; shouldn't there have been certain conditions placed on the payout?).
Advertisement


But before the President rides too far on his high horse, it's worth noting that he just signed into law an omnibus spending plan riddled with thousands (and billions of dollars worth) of earmarks.

And what exactly are earmarks but a species of political "bonus" for legislators, financed -- like the despicable AIG bonuses -- with taxpayer money?  If it's wrong for AIG to pay bonuses with taxpayer money given its poor performance, isn't it just as objectionable for politicians to do the same thing (or is someone really going to argue that they have performed so well that they've "earned" their earmarks)?

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement