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Hypocrisy in action: Michele Bachmann and the national debt (updated)

by: The Big E

Sun Sep 13, 2009 at 21:43:12 PM CDT

Rep. Michele Bachmann (R-MN) appeared on Fox News to discuss healthcare reform with Geraldo Rivera, Ann Coulter and Mike Huckabee.  Geraldo tries to goad her into saying something crazy:  

"She was against death panels even before Sarah Palin was against death panels ...

While Michele does her crazy, googley eyes on a couple of occasions, she doesn't unleash the full-on insane mode.  She explains how awful healthcare reform is in terms of how it will drive up the national debt.  What's amazing about her commentary is how hypocritical it is.  

She fails to note how her beloved President, George W. Bush, turned a Clinton surplus into $5 trillion dollar debt.  That's $5,000,000,000,000+ change.  Now she's trying to pretend that the Republicans are the party of fiscal responsibility.

Michele talks for the first 2 minutes about healthcare.  The discussion then veers around for a while but eventually gets to the question is the Republican party now just a southern, racist, homophobic, xenophobic band of nutjobs?  Rivera asks Michele on her opinion about this at around  9:15 in.  Michele refuses to answer the question.  Instead she talks about the crowds that attended her "forums" over the weekend.

UPDATE:

A reader emailed me and pointed out that at about 4 minutes in Ann Coulter says:

...there are only two members of Congress I respect in Washington right now - Joe Wilson and my fellow guest Michele Bachmann.

That's pretty scary.

Discuss :: (1 Comments)

MN-Sen: What is Norm Coleman's End Game?

by: Senate Guru

Fri Apr 03, 2009 at 12:42:25 PM CDT

{Originally posted at my blog Senate Guru.}

People who live in the world of logic and reason might wonder what Republican Norm Coleman's end game is, as - logically and reasonably speaking - it is not clear.

The three-judge panel is making it abundantly clear that their ruling will not result in Norm Coleman being a U.S. Senator.  Further, the flimsy "equal protection" arguments that Coleman's lawyers are making seem suited for a federal appeal rather than an appeal to the state Supreme Court, which would be the first appeal to come after Coleman loses at the hands of the three-judge panel.  Clearly, Coleman's handlers are looking at dragging this out for as long as possible, an impression supported by NRSC Chair John Cornyn's comment that seating Minnesota's second Senator could take "years."  Maybe Norm Coleman's goal is not winning back his U.S. Senate seat.

Elsewhere, those who follow Minnesota politics closely suggest that Coleman dragging out the appeal could damage his reputation and ruin any chances at a future political run, particularly a gubernatorial bid if current GOP Gov. Tim Pawlenty passes on a run for another term so that he can focus on a Presidential bid.  Maybe Norm Coleman's goal is not setting himself up for a guberntorial bid (or any other future political campaign).

A U.S. Senator's salary is $169,300 and the Minnesota Governor's salary is $120,303.  At the same time, we know that, over the years, Coleman treated his home like an ATM, refinancing or otherwise altering the terms of his mortgage a dozen times in thirteen years, culminating in a $775,000 mortgage two years ago.  Add to it Coleman's massive legal fees, including legal fees that can't legally (at this point) be paid for by campaign funds, and we see that Norm Coleman has a mountain of personal debt.  Sure, Coleman did not pay for a lot of things himself over the years, but he still has this enormous pile of debt.  And Coleman is not a millionaire.

My very simple theory is this.  Norm Coleman he has personal debts (and will continue to grow that debt through additional legal bills) that may very well approach one million dollars.  Coleman turns 60 years old this August.  There is no way that Coleman can pay off his debts (including that 30-year mortgage for $775,000 that Coleman took out just two years ago) on a Senator's or Governor's salary.  And I don't think Coleman plans on paying that mortgage every month until he is 88 years old.  Simply put, Coleman needs a very high-paying salary.  I'm not an accountant, but, if Coleman wants to enjoy his retirement years and not worry about that massive debt he has accrued, he'll need to start making salary of around half a million dollars a year - which means having conservative power brokers (who are pleased with his efforts to keep another Democrat out of the Senate) hook him up with a lucrative lobbying gig.

There you have Coleman's real end game.  It's not to win back his Senate seat or serve the public in any way.  Norm Coleman's end game is to intentionally force Minnesotans to be underrepresented in the U.S. Senate for as long as possible through endless appeals of the election result and subsequently secure a high paying lobbyist job for a special interest that could care less what the average Minnesota family needs.  However cynical this may sound, it is, quite frankly, the most logical conclusion based on Coleman's actions.  We'll see.

Discuss :: (0 Comments)

Predatory Lending: A debt trap for working people

by: Grace Kelly

Mon Mar 30, 2009 at 18:08:15 PM CDT

Short term loans can be very expensive, and the more people use them, the more they fall behind, so I am reprinting John Marty's article with permission - Grace Kelly

by Senator John Marty

Low income workers are struggling to make ends meet. The current recession has made things even worse, and living paycheck to paycheck is a reality in many households. "Payday lenders" have taken advantage of their struggle providing high interest loans that are repaid out of the workers' next paycheck.

Reasonable short-term loans can be helpful for a worker trying to deal with an emergency, but these payday loans frequently become a debt trap in which the borrower sinks deeper in debt due to high interest rates or fees. In some cases, this drives families into poverty and bankruptcy. That's why the Minnesota Commission on Ending Poverty recently recommended banning predatory loans that are not subject to usury laws.

There's More... :: (1 Comments, 607 words in story)

Norm Coleman is Not Debt-Averse

by: Senate Guru

Fri Jan 09, 2009 at 12:47:34 PM CST

(The fourth poorest Senator in the 110th Congress (now a former Senator) leveraged the value of his house.  Just like many of us did.  Except maybe a lot more than the rest of us did. - promoted by The Big E)

{First, a cheap plug for my blog Senate Guru.}

According to the TreasuryDirect website, when Norm Coleman was sworn in as a Senator on January 7, 2003, the national debt was $6,387,381,983,103.35.  When Coleman's term ended on January 3, 2009, the national debt was $10,627,961,295,930.67.  Of course, Coleman wasn't singularly responsible by any means for the $4.24 trillion increase in the national debt in his six years in office, but he was an avid supporter of the George W. Bush economic policies that led to the rapid increase in the national debt.

Well, it seems that as debt-happy as former Senator Norm Coleman was with your tax dollars, private citizen Norm Coleman has been even more debt-happy with his own finances:

There's More... :: (1 Comments, 396 words in story)
 

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