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Politics : Politics for Pros- moderated
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From: LindyBill12/29/2004 3:07:16 AM
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The Liberal Order - Public Service?

With at least 9 of 15 cabinet members stepping down, and scores of lower-level appointees and retiring members of Congress following them, the quadrennial job shuffle is proving an axiom of high-level government service: There's a pot of gold at the end of the Washington rainbow.

This season's pay-raise champion may turn out to be Representative Billy Tauzin, the Louisiana Republican who has styled himself the Cajun ambassador to Congress. Mr. Tauzin will become, in effect, the drug industry's ambassador, stepping down from his $158,100 legislative post and stepping up to become president of the Pharmaceutical and Research Manufacturers of America for an estimated $2 million a year.

The connections and expertise gained from government service are so valued by industry that the temptation to stick around Washington and collect a big paycheck can be overwhelming. Some appointees come to view government service as an investment, counting on the eventual payoff.

As I've said before, it's not that there is too much money in politics, there is too much politics in money. If these politicians and bureaucrats had stronger constraints limiting their ability to intervene in markets there would be little incentive to hire and pay them such huge salaries.
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