AOC says she needs a raise?

[Monk-Eye]

" Options Where Us Bureaucracy Places Us Populace Before Self Interests "

* Recent Recall Of Know One Seems To Mind *

The easiest way to become a multimillionaire in this country is to get elected to Congress and no one seems to see the problem with that.

https://www.congress.gov/112/plaws/publ105/PLAW-112publ105.htm

STOCK Act - Wikipedia

en.wikipedia.org

The STOCK Act is an original bill to prohibit members of Congress and employees of Congress from using private information derived from their official positions for personal benefit, and for other purposes. With this bill in place, members of Congress are no longer allowed to use information garnered through official business for personal reasons. The Stop Trading on Congressional Knowledge (STOCK) Act prohibits members and employees of Congress from using "any nonpublic information derived from the individual's position ... or gained from performance of the individual's duties, for personal benefit". The bill also applies to all employees in the Executive and Judicial branches of the federal government.

* Only Privy Trading Is Prohibited But Not Calculated Risk Investing *

Jayapal, Rosendale, Buck Introduce Bipartisan Bill To Ban Members of Congress from Owning and Trading Stocks - Congresswoman Pramila Jayapal

WASHINGTON – Today, Representatives Pramila Jayapal (WA-07), Matt Rosendale (MT-02), and Ken Buck (CO-04) introduced bipartisan legislation to ban Members of Congress and their spouses from owning and trading stocks. “Only two in ten Americans trust that our government is working in their best...

jayapal.house.gov

The Bipartisan Ban on Congressional Stock Ownership Act goes beyond other proposals to ban stock trading in many ways. Specifically, the legislation:

• Bans Members of Congress and their spouses from owning and trading individual stocks, bonds, commodities, futures, and other securities including an interest in a hedge fund, a derivative, an option or other complex investment vehicle. It does not ban common, widely held funds, such as mutual funds and ETFs, as long as those funds do not present a conflict of interest and are diversified.
• Establishes a civil penalty of up to $50,000 for each violation to be enforced by the Department of Justice and the U.S. Office of Special Counsel.
• Allows a transition period for lawmakers to divest their holdings and come into compliance, including a similar period for newly elected Members starting when they’re sworn in, and allows deferral of taxation on gains from investments that they and their spouses are forced to divest.

The legislation is endorsed by the Project on Government Oversight (POGO) and Citizens for Responsibility in Ethics (CREW).

 

[Nostra]

Not very smart?

She graduated cum laude from Boston U.

All that tells us is that an economics degree from Boston U is a joke.

 

[Nostra]

Not very smart?

She graduated cum laude from Boston U.

Here is your cum laude economics major in action, moron.

Alexandria Ocasio-Cortez is an economic illiterate — and that’s a danger to America​

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazon promised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon’s departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses — restaurants, bodegas, dry cleaners and food carts — that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon’s withdrawal. (Amazon’s founder and chief executive, Jeffrey P. Bezos, also owns The Post.)

Ocasio-Cortez was not disturbed at all. “We were subsidizing those jobs,” she said. “Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to.”

Ocasio-Cortez does not seem to understand that by helping to drive Amazon away, she did not save New York $3 billion; she cost New York $27 billion. There is a difference between having bad ideas and not grasping basic facts. Reasonable people can disagree about whether New York should have offered Amazon $3 billion in tax incentives — or anything at all — to build its headquarters in the city. But that is different from not understanding that New York is not writing a $3 billion check to Amazon.

Sadly, Ocasio-Cortez doesn’t learn from her mistakes. She made the same kind of error in December when she tweeted, “$21 TRILLION of Pentagon financial transactions ‘could not be traced, documented, or explained.’ $21T in Pentagon accounting errors. Medicare for All costs ~$32T. That means 66% of Medicare for All could have been funded already by the Pentagon.” But, as Pentagon spokesman Christopher Sherwood told The Post, “DoD hasn’t received $21 trillion in (nominal) appropriated funding across the entirety of American history.” Once again, Ocasio-Cortez did not grasp that the Pentagon did not have a magic pile of $21 trillion in cash sitting in a vault somewhere.
Her economic illiteracy matters because she is the principal author of the Green New Deal, which has been endorsed by most of the leading Democratic candidates for president. From this unschooled mind has sprung the most ambitious plan for government intervention in the economy since Vladimir Ilyich Lenin’s train pulled into Petrograd’s Finland Station.
If Ocasio-Cortez doesn’t understand how tax subsidies work, how can she be trusted to plan the federal takeover of the health-care, energy and transportation sectors of our economy? Think she and her allies have any idea how to, as her now infamous talking points put it, upgrade or replace “every building in America” . . . or replace “every combustible-engine vehicle” . . . or connect every corner of America with high-speed rail . . . or replace all fossil-fuel energy with alternative energy sources — all in 10 years’ time? Apparently, they think we just have to find all the magic pots of cash the government is hiding.

https://www.washingtonpost.com/opinions/alexandria-ocasio-cortez-is-an-economic-illiterate--and-thats-a-danger-to-america/2019/02/21/ee8c58d8-35f1-11e9-af5b-b51b7ff322e9_story.html