Why Americans Have Grown to Hate Congress
By William Spriggs | 1/3/2014, 1:57 p.m.
But, Republicans have fought hard to protect the 1% from paying their share of policy gains with others. One example is of corporate CEOs who have boosted their salaries by shipping U.S. jobs overseas because of “trade” agreements favoring corporations over human, worker and environmental rights. Through the 1970s, CEOs made 20 times their typical worker; today they take home more than 230 times the pay of their typical worker. And, while the federal government isn’t taking advantage of low interest rates, CEOs are by using corporate borrowing to buy back the company stock and boost stock prices and CEO wealth and pay.
So, if the point of all this fiscal austerity is to protect us from federal debt in a time of low interest rates, we see who is benefiting. If we favor austerity over creating jobs, then we should at least compensate the people we are asking to suffer-those who are unemployed.
Oddly, the research on the effect of extending unemployment benefits has pointed to this anomaly-people getting the benefit are more likely to keep looking for jobs longer rather than give up and drop out of the labor force (disappearing from the statistics). By ignoring them, Congress wishes they would go away. By ignoring the imbalances in their choices, the American people are wishing Congress would go away.
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