In the world of politics, many informed observers have opined that Washington, D.C. is be broken. The Financial Times quotes Bill Gross (founder of the US’s largest bond fund) as saying that “corporate interests spent just under $500 million last year on healthcare lobbying (much of which went to politicians) for what is likely to be a $50-100 billion annual return.” Last year’s healthcare bill is working for insurance companies. Is Washington working for all Americans?
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