Monday, October 24, 2011

Supercommittee Cashing In?

Lobbyists have been swarming the Supercommittee, trying to keep the taxpayer's money flowing into their pockets. And it has been a gold mine for the Supercommittee members.
In just six weeks, nearly 200 companies and special interests have reported that they’re lobbying the 12-member supercommittee.

It’s a stunning ratio of lobbyists to lawmakers but makes sense when you consider the high stakes faced by interests ranging from the health care industry to Native American tribes. The groups fear the supercommittee will find $1.2 trillion in deficit reduction before Thanksgiving by cutting their funding or raising their taxes.
And it's paying off big time for the Supercommittee.
Lawmakers serving on the "supercommittee" charged with reducing the deficit "have raised hundreds of thousands of dollars from special-interest groups, including a significant chunk from healthcare interests that want the panel to fail," reports The Hill.

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