Topic: Maybe This is Why Paul Ryan . . . | |
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Edited by
artlo
on
Fri 06/17/11 06:42 PM
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. . . is so enthusiastic about the budget he is proposing.
House Budget Committee Chairman Paul Ryan, who earlier this year proposed cuts to government spending, including spending on education and Medicare, in order to balance the national budget, may have had more than the public good on his mind when he presented a plan that would cut spending while also maintaining tax subsidies for oil, mining, and energy industries. According to the congressman’s mandatory financial disclosure report to Congress, Ryan and his wife own stakes in four family companies that lease land in Texas and Oklahoma to energy companies that benefit from the tax subsidies Ryan advocated.
Ryan’s father-in-law runs the companies that are currently leasing land for mining and drilling to Chesapeake Energy (NYSE:CHK), Devon (NYSE:DVN), XTO Energy, and a subsidiary of ExxonMobil (NYSE:XOM). Ryan’s stake in these companies immediately poses a conflict of interest, especially when Ryan is lining his pockets with big oil money while expecting senior citizens, children, and the disabled to endure cuts to already underfunded programs. http://wallstcheatsheet.com/stocks/take-a-look-at-paul-ryans-personal-payday.html |
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if this is the case then it should be grounds to toss the entire thing and start over... |
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if this is the case then it should be grounds to toss the entire thing and start over... |
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