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Blog

    Congress Angry about Irresponsible Use of Taxpayer Dollars

    03/18/2009

    David Harsanyi of the Denver Post has written an amazing article on Congressional outrage over AIG bonuses.  "Here's an idea: If you stop nationalizing banks, there will be no need to engage in phony-baloney indignation over bonus payments anymore."  He's exactly right!  I can't say it any better than he does:

     

    This cockamamie populism in Washington really hit its stride when Iowa Republican Sen. Charles Grassley suggested that AIG execs who earned bonuses should "follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide."

    C'mon. If suicide were a proper penalty for piddling away taxpayer dollars, the National Mall would look just like Jonestown after refreshments.

    Hat tip to Russ Roberts over at Cafe Hayek for pointing this one out.