Peddling politics in America

Midterm contributions soar to record levels in 2010, a sign that the US campaign finance system is tainted as ever.

Our country is in economic distress. Millions are out of work, and cutbacks in public services are pervasive at the city and state levels.

The 'great recession' is deep and could go deeper. Most families are tightening their belts and in some cases are at breaking point because their benefits have run out.

Money is hard to find, perhaps, for the people but, curiously, not for their political representatives - nominal public servants. Despite the fact that popularity for politicians, especially members of Congress, is at an all-time low, campaign contributions are at an all time high.

The Washington Post reports that House and Senate candidates are "on their way to surpassing $2 billion in spending for the first time … the equivalent of about $4 million for every congressional seat up for grabs".

US Intelligence Spending Tops $80.1B

The Obama administration has disclosed US intelligence agencies spent some $80.1 billion during the previous fiscal year. It’s the first time in over a decade the US government has disclosed its intelligence budget. In a statement, the chair of the Senate Intelligence Committee, Senator Dianne Feinstein, said intelligence spending has reached an "unacceptable level."

Nothing better to spend money on than ensureing the the dominace of your empire, huh America?

.....Audit: US Can’t Account for $17.7B in Afghan Spending

A new government audit shows the US can’t account for nearly $18 billion earmarked for the Afghan war. The Special Inspector General for Afghanistan Reconstruction says the government doesn’t know how some $17.7 billion obligated to over 7,000 contractors has been disbursed.

Report: Election Spending to Hit Record $4B

A new report says spending for next week’s elections will break the previous record for a midterm vote by around $1 billion. According to the Center for Responsive Politics, total spending could reach as much as $4 billion this year. The report also says right-wing groups are spending more than double on advertisements than liberal organizations.

...compared to GDP of entries countries?

How much would it cost to give children re-hydration packets to prevent diarrhea deaths? See hunger durty and ecology

Is The New GOP ‘Pledge’ A Way To Bring Ryan’s Radical Budget Plans In Through The Backdoor?

Today, House Republicans released their “Pledge to America,” a document styled after 1994’s Contract with America that the GOP claims is “an outline of the party’s targetsin the final weeks of the legislative session.” We’ve already explained how the Pledge promises to repeal and replace the Affordable Care Act with portions of the Affordable Care Act and how it represents a blood oath to Big Oil, so let’s turn to another aspect: its effect on the deficit.

Of course, the Pledge includes a promise to extend all of the Bush tax cuts — including those for the richest two percent of Americans — for a total price tag of $4 trillion over the next decade, while laying out spending cuts that, even if the numbers are taken at face value, don’t come close to covering that cost. ABC’s George Stephanopoulos asked Rep. Paul Ryan (R-WI) — the ranking member of the House Budget Committee — to explain how the GOP can square its desire for huge, regressive tax cuts with its supposed commitment to deficit reduction:

Pentagon Spending -- Music Goes Round, and Round...

Military spending is moving to the forefront of Washington policy prattle. Secretary of Defense Robert Gates got headlines early this week when he proposed some changes in command structures along with other organization adjustments which in aggregate could save billions of dollars over five years. Skeptics saw the initiative as a ploy to take the steam out of rising concern for the spiral in defense spending at a time of heightened anxiety over long-term budget deficits. In truth, Gates' cost cutting measures would just nibble around the edge of our vast military establishment, replenished each year by $750 - 800 billion (including ad hoc Iraq/Afghanistan appropriations). For example, he talks of a 30 percent reduction in the number of contractors but is unable to tell Congress how many the Pentagon employs in total -- even without counting the 150,000 or so who serve as hired help in our two wars. He foresees defense spending actually going up in real terms -- just by a somewhat lesser amount due to his projected cuts.