16 Comments
User's avatar
Rich's avatar

Raytheon bought a local aircraft company Beech Aircraft and ran it into the ground by turning it into a weapons and producing hardware that is apart of illegal surveillance. I seen an interview with the grand daughter of Walter and Olive Ann Beech and she quickly responded to a question and said they are horrified by Raytheon and her grandpa and grandma are rolling over their graves. I agree what was once a company that brought pride to our community is now a part of hearding people around like sheep.

Blasphemous Rhapsody's avatar

I'm not smart like members of Congress, but isn't this called Conflict of Interest?

Thank.You.Ether.Bunny's avatar

.

Who is investigating this?

Patricia Liechti's avatar

The pay elected Senators and Congress folks receive has already been raised by themselves. They receive premium health benefits and walk away from their terms very enriched. Speaking engagements, book publications, professorships and opportunities not afforded the typical middle or upper manager are theirs for the taking. So, Harold Amos, I would disagree that further incentives to do the work for which they are elected warrants bonus pay! They are not kindergarteners needing stickers for a job well done.

Tom's avatar

Republican corruption. They believe they are above the law.

Tom's avatar

Mike Johnson recently blocked a vote in the house preventing insider trading.

Jeff Bell's avatar

Not just Republicans. The Democrats do things that are similar. They are often a bit more subtle about it, but they are not the clean politicos that the DNC would have us believe.

Tom's avatar

The republicans have the majority and can pass a law stopping their insider trading.

Jeff Bell's avatar

That is absolutely true. Although likely Trump would not sign it.

But I really do not see this as a partisan issue. This is a long term problem that has been harming the credibility and trust in congress for decades. As far as I know, even when they have been in control, the Democrats have never made any real effort to deal with this.

Jeff Bell's avatar

Maybe it is high time we expanded this issue and looked at the entire way the members of Congress and their staff are compensated.

For example, we have been told for several decades now that Social Security is broken and could collapse in the foreseeable future. Various schemes to "rescue" it have been proposed, yet none of them have gone anywhere. They remain perpetually "under study" while the public grows increasingly anxious.

As another example, we know for a fact that our health care system is badly broken. The US spends more than twice as much per person on health care than the next most expensive nation in the world. Yet, when the primary measures of outcomes are analyzed, the US ranks approximately 37th from the top. We are paying a premium price for mediocre results.

Clearly, these are two enormous problems that threaten the very viability of this nation. Yet, all attempts to solve them have consistently failed—either by failing to be adopted at all, or by being so badly flawed in design or implementation that they offer no real relief.

How long would these problems take to be fixed if a law was passed such that ALL members of Congress had to rely on the exact same systems for retirement and health care that the rest of the population must rely on? What if there were no exceptions allowed? If they had to navigate the same hurdles, costs, and bureaucratic "crap" that the average citizen faces, I suspect we would see solutions implemented with lightning speed.

And just to put a bit more power behind this, what if this law applied to the entire Executive Branch, as well? When the "Expert" class has to live under the same rules they write for us, the incentive for excellence finally replaces the incentive for insider advantage.

AAA's avatar

I agree we should have some serious conversations about this issue!!!! Also getting ALL money out of government!! No pacs, no private donations, no lobbyists!! The whole system needs to be changed!!!! Lots of work ahead, start writing notes!!!

Bleepo's avatar

Insider trading. The rich get richer.

Maureen Hatfield's avatar

He is a scum bucket! Investigate the corruption!

Neal Hugh Hurwitz's avatar

They can all benefit--- we had a guy on a committee for a Senator giving us Cambridge Nuclear at $30 and it was 60 in a week... They know what's happening before we do.

This was in the 1960s!!! Much worse today I imagine.

Harold Amos's avatar

Yes, members of congress and their families should be banned from trading stocks. However, the only way to make the ban work is to permit them to raise their base pay above what amounts currently to a middle-management salary. Let's pay them from the government commensurately with the responsibility they hold but with restrictions on stock trading and campaign financing. On top of that, even though it's actually their job, I'd even go for paying big bonuses for passing a budget on time and even bigger ones for balancing that budget.

Jeff Bell's avatar

This is really important. But only if you actually care about living in an honest democratic republic.

Otherwise, feel free to ignore this.