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Galapagos Vacations? Politician’s Overseas Travel Is Up Almost Tenfold Since 1995

Contrarian Profits (July 3rd, 2009) Writes:

“A review of travel and financial records showed that Gov. Mark Sanford did not spend public money improperly when he visited his mistress”, the chief of the South Carolina Law Enforcement Division, Reginald Lloyd, said this afternoon.

Thank goodness Governor Sanford’s fornicating was fiscally lawful!

But it shows you that there are hardly any limits to the perks, fringe benefits, and global sex romps that can be had on the taxpayer’s dime by our elected officials…

From the Wall Street Journal:

Spending by lawmakers on taxpayer-financed trips abroad has risen sharply in recent years, a Wall Street Journal analysis of travel records shows, involving everything from war-zone visits to trips to exotic spots such as the Galápagos Islands.

The spending on overseas travel is up almost tenfold since 1995, and has nearly tripled since 2001, according to the Journal analysis of 60,000 travel records. Hundreds of lawmakers traveled overseas in 2008 at a cost

...

When the Bailout Fails, the Feds Will Pass Another One

Bill Bonner (July 2nd, 2009) Writes:

Bankruptcies, Depressions and Mark Stanford with his Argentine beauty.

Everything is working out just like we thought it would. The stock market is performing as expected. The economy is on track. Even the politicians are doing what they thought they would.

Let’s begin with the stimulus/bailout/boondoggle/BS plan. As anticipated, it has failed. That is, the economy is getting worse, not better. It has failed the test set for it by its own creators. Back when the Obama Team was arguing for a big bailout bill, it warned that without a bailout unemployment would rise above 8% in 2009. ‘Pass this bill today,’ said Ben Bernanke, or words to that effect, ‘or there may not be a tomorrow for the US economy.’

Congress dutifully bent its back to the task of adding boondoggles to the bill and then okayed the measure. And here we are in the middle of 2009 and the unemployment rate

...

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