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PACs give nearly $65M to deficit 'super committee'

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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 03:09 PM
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PACs give nearly $65M to deficit 'super committee'
http://content.usatoday.com/communities/onpolitics/post/2011/08/super-committee-deficit-campaign-contributions-/1

The "super committee" of Congress tasked with finding at least $1.2 trillion to reduce the deficit has received millions of dollars from a wide range of special interests in the past decade, according to a new independent analysis.

Political action committees have given nearly $65 million to the six Republicans and six Democrats on the Joint Special committee on Deficit Reduction from 2001-2010, according to the analysis by MapLight.org, which tracks money in politics

Lawyers and law firms were the top donors by industry, contributing more than $31.5 million to the "super committee" members, the analysis shows.

That amount is more than the $11.2 million donated by people in the securities and investment industry, the analysis shows. Democratic/liberal interests, health professionals and the real estate industry round out the top five donors.

The conservative Club for Growth is the top PAC contributor, giving just under $1 million to the Republicans on the "super committee." The group, which supports fiscal conservatives, donated to Hensarling in 2002, Sen. Jon Kyl, R-Ariz., in 2006, and Sen. Pat Toomey, R-Pa., the club's former president, in 2010.

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nc4bo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 03:11 PM
Response to Original message
1. More pay to play
both sides. The one with the most dough wins - wheeeeeeeeeee!
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 03:15 PM
Response to Original message
2. There should be a waiting period for campaign bribes when you serve on a committee
Edited on Mon Aug-15-11 03:16 PM by DJ13
They should not be able to accept any contributions from groups/people who could benefit directly from whatever is passed or not passed.
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closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 03:19 PM
Response to Original message
3. Most probably from Wall Street trying to sweeten the idea of privatizing SS
in order to "save it"/make money on feeing the fund to death.
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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 03:43 PM
Response to Original message
4. Now.. instead of paying off 435 members of Congress....
.. they only have to buy 12 members of the Super Committee. Leverage.
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bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 04:44 PM
Response to Original message
5. Split 12 ways, how much is that?
We, the lower 98%, don't stand a CHANCE,
and those who set up this SCAM know it.



"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone


photo by bvar22
Shortly before Sen Wellstone was killed



"By their WORKS you will know them."


Solidarity!



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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 04:44 PM
Response to Original message
6. Shocked I tell you, SHOCKED
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