Here’s who pays the bills for Ted Cruz’s crusade (WP)

[jsr]

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/11/heres-who-pays-the-bills-for-ted-cruzs-crusade/

Here’s who pays the bills for Ted Cruz’s crusade
By Jia Lynn Yang, Published: October 11 at 3:53 pm

With analysts saying a debt ceiling breach could send financial markets into a tailspin, people on Wall Street are nervously watching from afar to see whether Congress will act. But if they’re looking for someone to blame for this situation, they might start by looking at a few in their own set.

A small group of financiers is responsible for much of the money behind Club for Growth, the conservative anti-tax group that has become extremely successful at encouraging uncompromising voices on Capitol Hill, such as Sen. Ted Cruz (R-Tex.).

They certainly aren't the only finance industry leaders supporting vehemently anti-tax candidates. Cruz, for example, has received substantial support from Goldman Sachs since entering national politics, including $5,000 from Goldman Sachs’ corporate PAC and $61,850 from Goldman executives, according to OpenSecrets.org.

But as our colleague Lori Montgomery wrote last month, the Club for Growth has emerged as a uniquely influential voice in pushing the Republican Party to adopt hard-line tactics, financing primary challenges against Republicans who don't toe its line.

[snagglepuss]

1. .

[dixiegrrrrl]

2. THIS is correct tho...

In the paragraph about Arnett:

Arnott has described “daunting headwinds” heading toward the U.S. economy, what he terms
a “3-D hurricane” made up of debt, deficit and demographics.

the demographics were well known and written about in the 70's, I based a paper on the issue for one of my college courses.