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It has been frequently remarked, that it seems to have been reserved to the people of this country, by their conduct and example, to decide the important question, whether societies of men are really capable or not, of establishing good government from reflection and choice, or whether they are forever destined to depend, for their political constitutions, on accident and force.
The defenders of the Constitution argued that a bill of rights would undermine the idea of a government with limited powers. A bill of rights might betray the central principle of a written constitution as the product of a social compact, which affirms that all authority originally resides in the people and that the people create a government of limited and enumerated powers in a written constitution
To suggest, for example, that the liberty of the press is not to be infringed upon might imply that, without such a provision, the federal government would possess that power. The Founders feared that we might infer that they created a government with unlimited power and that the specific provisions in the Bill of Rights denote particular reservations of power from an otherwise unlimited government.”.
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For the first time in history, the majority of America's elected officials in Washington, D.C. are millionaires. At the same time, 50 percent of Americans cannot afford to spend $5,000 in an emergency.The median American citizen saw his or her household net worth decrease from 2004 to 2012 by an annual rate of -0.94 percent, while members of Congress experienced a median annual increase of 1.55 percent. Congress saw a total increase of $316.5 million in assets held by all members in the study.
O’Neal’s answers illustrate just how much influence Nevada’s senior senator has among his donors, who are only too happy to invite him to participate in their ventures. For example, in 1998, Reid joined partner Jay Brown in investing $400,000 in some dirt located on the outskirts of Las Vegas. By 2004, the property just happened to be rezoned for a shopping center and Reid cashed in for $1.1 million.
In 2002, Reid put $10,000 into an investment fund of another good friend, Clair Haycock. The fund bought some land in Bullhead City, Arizona, for which, according to the Los Angeles Times, it paid just 10 percent of its estimated value. Reid sponsored an $18-million earmark for a bridge that would — again, conveniently — connect Bullhead City with Laughlin, Nevada, greatly increasing the value of his land. Reid now carries that investment on his financial statement as worth between $250,000 and $500,000.
He’s also used his insider knowledge to great personal benefit. In 2005, he invested between $50,000 and $100,000 in the Dow Jones U.S. Energy Sector Fund, paying $29 a share. Three years later he sold out at $42 a share. Two months later, according to O’Neal, Reid supported legislation that would cost energy companies millions in new taxes and regulatory fees. The fund dropped to half its value, but by then Reid was long gone.
O’Neal’s report is only the latest in a series of juicy exposures of Reid’s corruption. The Los Angeles Times ran a series of articles between 2003 and 2006 outlining in great detail how Reid managed to spread the wealth around among his family and friends. Wrote the Times: So pervasive are the ties that Reid, members of his family [his four sons are attorneys] and Nevada’s leading industries and institutions that it’s difficult to find a significant field in which such a relationship does not exist.
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The Nation’s Report Card (NAEP) has consistently revealed that students, K-12, are not proficient in civics and government. As of 2006, only 27% of 12th graders were proficient in civics and government. The statistics for adults doesn't get any better. A study conducted by the American Bar Association (2005) revealed that less than half of American adults could identify the three branches of government and only 57% could identify even one Supreme Court justice even though two-thirds of Americans could name an American Idol judge.
The average senator has to pull in more than $14,000 dollars every single day, just to stay in office. One of the easiest ways to raise that kind of cash is to turn to lobbyists, who make big donations and organize swanky fundraisers for elected officials in order to buy influence for their clients.
Here’s how it works. Let’s say you’re a big bank. You want to buy influence with a senator on the banking committee so he’ll vote your way on an upcoming bill. The easiest way would be to just give $100,000 directly to the senator’s reelection campaign. But alas, that would be illegal — federal law prohibits companies from making direct donations to candidates. So instead, you hire a lobbying firm.
Here’s where things get corrupt. That lobbying firm can legally organize a swanky fundraiser that brings in $100,000 for the senator’s reelection campaign. At the fundraiser, your lobbyist just happens to have a friendly chat about your feelings on banking policy with the senator’s staff.
At the end of the day, the senator is still up $100,000, he still knows exactly where the money came from, and he knows which way to vote if he wants the money to keep flowing. But this time, nobody’s broken any laws!
This strategy works ridiculously well: one recent study found that a company receives $220 in tax savings for every dollar spent lobbying. That’s a 22,000% return on investment. And it works on both sides of the aisle — top lobbying firms raise big money for Republicans and Democrats at the same time.
In many cases, lobbyists write our laws — literally. For an example, look at the 2014 omnibus budget deal. Congress used the deal to secretly put taxpayers back on the hook for bank bailouts. That’s right – in 2014, our representatives repealed a law that prevented the American people from bailing out big banks that engage in risky derivatives trading. Sorry to be the bearer of bad news.
The New York Times reports that 70 of the 85 lines in the language that killed the derivatives bill came from a piece of model legislation drafted by Citigroup lobbyists. Yes, that Citigroup – the bank that played a major role in the 2008 crisis and also received billions of federal stimulus dollars. The same report also revealed that “two crucial paragraphs, prepared by Citigroup in conjunction with other Wall Street banks, were copied nearly word for word.”
Lobbyists routinely offer members of Congress and their staffers lucrative jobs at their firms or their clients’ companies. These negotiations often take place while our representatives are still in office and, ostensibly, working for us, the American people. With multi-million-dollar future salaries on the line, most members of Congress are more than willing to protect the best interests of the lobbyists who will one day be their employers.
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Thanks to loopholes in how federal law defines lobbyists, many elected officials go on to take what are effectively revolving door lobbying jobs without ever having to officially register as lobbyists. These “shadow lobbyists,” like former Sen. Tom Daschle (D-SD) and Rep. Newt Gingrich (R-GA), are lobbyists in everything but name, and they’re certainly paid just as well as the real thing. Researchers estimate that there’s actually twice as much lobbying as what’s publicly disclosed — making the business of influencing politicians a $7 billion industry.
originally posted by: ketsuko
It is also sad that our Senate, which was supposed to be the voice of the individual States, never the people, has become another voice of the people.
The day the 17th Amendment was passed was another nail in the coffin of the Republic.
originally posted by: DJW001
a reply to: ketsuko
So... you place the State before the people? Would you prefer to live in a place where your "representatives" are appointed without your permission?
originally posted by: DJW001
a reply to: FauxMulder
If the elected state representatives were to vote on the senators that would be fine. On the other hand, having a governor appoint them would be asking for trouble.
originally posted by: DJW001
a reply to: ketsuko
So... you place the State before the people? Would you prefer to live in a place where your "representatives" are appointed without your permission?
originally posted by: FauxMulder
a reply to: TXTriker
I hope so to. The problem is the people that need to approve it are the same people who it would affect.