How U.S. Politicians Get a 1,452% Pay INCREASE After They Leave Office
Posted By Dr. Mercola | March 23 2012
If you're a corporation or a lobbyist and you want to "buy" a member of Congress, the best way is probably to secretly promise that they can come work for you after they leave office. Since such deals are not made public, legislators can pass laws or create special tax cuts that benefit their future employer with little or no accountability.
Politicians do not have to disclose job negotiations while in office, and also do not have to disclose how much they're paid after leaving office. But it is probably not a coincidence that former Senator Judd Gregg (R-NH) spent his last year in office fighting reforms to the derivatives marketplace, and then upon leaving office joined that board a derivatives trading company and became an "advisor" to Goldman Sachs.
According to Republic Report:
"Our research effort uncovered the partial salaries of twelve lawmakers-turned-lobbyists. Republic Report's investigation found that lawmakers increased their salary by 1452% on average from the last year they were in office to the latest publicly available disclosure".
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