Posts Tagged ‘taxpayers’

They just don’t give up, despite the fact that their “solution” won’t save money. Included in the cost-saving measures proposed by the U.S. Senate’s “Gang of Six” is “medical malpractice reform” – which historically has been a proposal to shield negligent medical providers from liability for injuries they cause.

Lawmakers claim the measure would help trim the trillion-dollar U.S. budget deficit, but that’s wrong. It won’t, especially when malpractice payments are at a record low, according to 2010 data from the federal government’s National Practitioner Data Bank. Extensive research has shown that medical malpractice “reform” doesn’t reduce lawsuits or the costs associated with lawsuits. The lawmakers pushing this measure aren’t even trying to put a dollar figure on it; their plan fails to specify the amount of money the government would save and doesn’t even consider the damage that malpractice victims and U.S. taxpayers would incur.

In fact, restricting the liability of private health care professionals transfers the costs of malpractice from private actors to the taxpayers. If negligent doctors and hospitals are let off the hook and are not required to pay for injuries and deaths they cause, taxpayer-funded programs like Medicaid and Medicare will.

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When news broke that insurance giant AIG planned to dole out more than $165million in bonuses to company executives, Public Citizen was outraged.

We immediately got to work determining how to respond. We developed a plan – and we need you to take action today.

Tomorrow, AIG CEO, Edward M. Liddy, will testify before a House subcommittee examining how AIG got into its current economic mess and why it needs so much taxpayer bailout money.

It’s time to put an end to this era of irresponsible behavior and wasteful spending. The fact that companies like AIG are taking taxpayer money – YOUR money – while handing out millions of dollars in bonuses to people who oversaw the company’s downfall is an outrage.

America’s taxpayers – including you – deserve a refund.

Our country is facing its worst economic crisis since the Great Depression. AIG, an insurance giant, recently received $123 billion of taxpayers’ money to rescue it from bankruptcy. But even though AIG executives knew their company was in danger of going broke, they continued the party, leaving taxpayers to deal with the hangover.

This is despicable! Just days after the government announced an $85 billion loan to the company in September, AIG decided to pay for a $444,000 week-long retreat at a posh California resort for its top-performing insurance agents.

Plus, earlier this month, as AIG asked for an additional $38 billion loan, its executives traveled by private jet to go partridge hunting in England, which cost $90,000. Last week, New York Attorney General Andrew Cuomo threatened legal action if this wasteful spending continued.

We cannot allow AIG to get away with this.

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Flickr photo / TW Collins

Back in May, we raised our eyebrows at a New York Times story that reported taxpayers are footing the bill for the vehicles driven by hundreds of members of Congress.

Today, we’re raising our eyebrows a little more after discovering how members of Congress use the $1.3 million to $1.63 million they get each year to run their offices – the swanky name for this money is a “Member’s Representational Allowance.”

The findings aren’t exactly making lawmakers appear thrifty.

Rep. Jesse Jackson Jr. (D-Ill.) spent $11,224 for four Sony Bravia 46-inch, high-definition LCD TVs for his Chicago-area offices. Rep. Jim Clyburn (D-S.C.) shelled out $1,864.18 for a barbecue with colleagues at Red, Hot & Blue, and almost as much ($1,425) for Chinese food from Meiwah. Rep. Xavier Becerra (D-Calif.) purchased “tropical interior plants” for $190.

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