Armstrong Economics Blog/Corruption
Re-Posted Apr 7, 2017 by Martin Armstrong
QUESTION: You once said you could fix the mess in 30 days or less but they would assassinate you. How can you ever make our politicians responsible?
ANSWER: The term limits are mandatory, but you have to cut off the incentive as well. No pension or salary after one term. People want to run for Congress and you are taken care of for life if you served even just one day. As for taking a cabinet position like Secretary of the Treasury, well you have to sell all your stock in whatever bank you are leaving and because you MUST do this, you get to sell everything tax free. They have rules to exempt themselves from everything.
Eliminate all special perks. Social Security should be for all as should the health care. Why should they get benefits we cannot even buy? If you limit the terms to one-time-and-out, eliminate pensions, and you subject everyone to the same benefits even while in office, then you will see things shape up. Drug companies lobby the most. Politicians need money for re-election. If you make it one-term-and-out, you eliminate the lobbying since there is no re-election and you subject them to the same healthcare we have. Then they will not vote for things that will deprive themselves.