Hey guys, remember that time when strangely orange-hued speaker of the house John Boehner held the country hostage so he could shake the last few pennies out of the social safety net? Me Neither!
But anyway, it seems with the so-called SuperCommittee he has pitted his constituents (Lobbyists? Yes.) against one another and against themselves.
Major defense contractors such as Boeing Co. (BA) and Lockheed Martin Corp. (LMT) have a dozen or more lobbying firms working for them, many of whom also represent the health-care industry, another likely target of budget cuts… Trying to protect clients by stalling action — a classic lobbying tactic — isn’t an option for most because the committee’s failure to meet a Nov. 23 deadline would trigger $1.2 trillion in across-the-board spending cuts in both defense and non-defense spending beginning in 2013.
Oh, well, maybe the lobbyists can go buy lottery tickets and eat hobo beans down by the river like the rest of us, once their work is done.