Jul 20 2009
Who Are These Mysterious Benefactors Of Federal Pork?
Hey readers, I could use some help. I discovered this company received $2,000,000 loan from the Small Business Administration – but I cannot find anything on the company at all? Anyone heard of Core Group IC LLC of Iowa? Wonder how they got this cherry deal.
Update: Reader Crosspatch may have discovered what this company is all about – a fitness center.
1395 Jordan Street
North Liberty, Iowa
(Johnson County)Looks like a fitness center.
He further discovered the company takes in $500k a year and covers maybe three people. If this is the same company, how in the world did it get a $2,000,000 loan? Why is the federal bureaucracy wasting our time on this kind of effort. Don’t we have banks and other institutions to make loans?
My problem is I cannot find this company anywhere, including on the SBA site. This is as transparent as mud.
Term limits would result in hundreds more on lifetime pensions. Also, you can’t dictate what someone will do AFTER they have left a job.
Just eliminate pensions. Paying people more money has not apparently had any influence on corruption.
Oh, and one more change that the federal government doesn’t need to do but the states can. Have Senators elected by the people but have them NOMINATED by the state legislature. Each time a seat comes up for election the Legislature would nominate at least two candidates for the position, only one of whom would be from the majority party of the Legislature. The people would then vote to pick one of them.
In this way a Senator whose votes go against the interests of his state finds himself standing a chance to be out of a job the next election.
That returns the spirit of the original design of the Senate (the representative of the State governments) while keeping within the rules of the 17th Amendment which changed the Senate to being elected by the people rather than the Legislatures.
The 17th Amendment says:
“The Senate of the United States shall be composed of two Senators from each State, elected by the people thereof, for six years”
It does not prescribe a process for nomination.
SHOCK!
California to allow new offshore drilling off Vandenberg AFB as part of new budget compromise. Would raise an estimated 100 million/year in new royalties.