Congress wants to break us financially
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Thread: Congress wants to break us financially

  1. #1
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    Exclamation Congress wants to break us financially

    Democrats poised to move measures with high price tags
    By Walter Alarkon - 05/11/10 06:00 AM ET
    Democrats poised to move measures with high price tags - TheHill.com
    Congress faces a crush of votes on big-ticket items before the Memorial Day recess, setting up a debate on deficits less than six months before the November elections.

    Democratic leaders are looking in the next three weeks to send President Barack Obama a slew of measures that cost more than $200 billion, including a multiyear extension of unemployment benefits, an extension of expiring tax provisions and Medicare doctor payments totaling $180 billion and a $33 billion Afghanistan war supplemental bill.



    Because most of those costs won’t be paid for, Republicans plan to use those bills and the Democrats’ budget blueprint to highlight massive deficits ahead of the congressional midterm election. Republicans have recently been pointing to Greece’s dismal fiscal situation as a warning, claiming that the U.S. will be headed for a similar fate unless the deficits are curtailed.


    “Washington Democrats’ out-of-control spending spree is scaring the hell out of the American people,” said Michael Steel, a spokesman for House Minority Leader John Boehner (R-Ohio). “It has to stop.”


    The unemployment benefits program, which provides someone with up to 99 weeks of jobless benefits, has received two monthlong extensions in the past two months. It is unclear how much the next extension designed to last for the rest of this year will cost, but the price tag is expected to be in the tens of billions.


    The George W. Bush administration and GOP leaders in Congress backed a similar jobless aid program in 2002, when the country was coming out of the last recession.


    Both Republican- and Democrat-led Congresses approved past extensions of Medicare doctor payments or the “doc fix” instead of letting them lapse. And both parties have backed Iraq and Afghanistan war spending bills that haven’t been offset.


    Democratic leaders plan to move quickly on those issues because the jobless insurance program and Medicare doctor payment rate expire in early June, and because Defense Secretary Robert Gates has said the war funding bill must be completed this month, Senate Majority Leader Harry Reid (D-Nev.) said last week.


    But Democratic leaders’ task of finding the needed votes for those measures is more difficult because of the looming midterm elections. House Democratic leaders, for example, have not yet decided whether to move a budget blueprint, knowing that such a vote will be used as political ammunition against vulnerable members this fall.


    GOP members are banking on deficits being one of the biggest issues in November. This year’s budget shortfall is expected to be $1.5 trillion, and deficits are expected to average $1 trillion over the next decade, according to Congressional Budget Office estimates of Obama’s budget proposal.


    Those numbers may be lower in the short term as the economy strengthens and in the long term if Congress enacts more austere policies.


    Democrats have responded by blaming the large deficits on Republicans, who did not offset their bills on tax cuts, the wars and their Medicare prescription drug benefit, among other priorities.


    “As much as [Republicans] would like you to forget, they passed an agenda that benefited big corporate special interests and the wealthy at the expense of middle-class families and then turned around and left our grandkids with the bill,” said Doug Thornell, a spokesman for Assistant to the Speaker Rep. Chris Van Hollen (D-Md.). “Democrats inherited an economic disaster from a party who had about as much fiscal responsibility as MC Hammer. We have taken responsible steps to clean up their mess. It’d be nice if Republicans reined in their political ambitions, grabbed a mop and joined us.”



    Democrats, since taking over Congress in 2007 and the White House last year, have enacted a pay-as-you-go law requiring them to offset their major priorities and pushed through an overhaul of the country’s healthcare system that should reduce deficits, Democratic leadership aides noted.


    Republicans have pointed out that the pay-go law allows for many exceptions, including allocations for “emergency spending.”


    The bill extending a number of expiring policies, which is still being crafted, will cost about $180 billion and is likely to include a number of programs aimed at creating jobs, sources close to the matter told The Hill. Democrats have discussed a tax credit for companies investing in research and development and increased loans for small businesses and bonds for state and local government public-works projects.


    “After bringing our nation into war and our economy to the brink of collapse, Republicans now do not want to pay for their poor decisions,” said Regan LaChapelle, a spokeswoman for Reid. “Democrats are committed to supporting our troops while they are abroad, while working to safely bring them home. And we will continue to support out-of-work Americans by creating jobs and providing the assistance that they need to pay their bills.”


    Congress will have to rush to get the extension and war spending bills out. The Senate debate on the financial regulatory reform bill is expected to go through this week.


    Republican senators, first led by Sen. Jim Bunning (Ky.) and subsequently by Sen. Tom Coburn (Okla.), have held up the Democrats’ past attempts to hold quick votes on extending the unemployment benefits and other expiring tax provisions.


    Coburn, who has noted that Democrats approved $173 billion in deficit spending since the pay-go law was signed by Obama in March, has said he would also oppose any of the coming measures, including the war supplemental, that aren’t paid for.


    “Dr. Coburn will use every tool at his disposal to force Congress to pay for these provisions,” said Coburn spokesman John Hart. “Our country is headed toward a Greek-like collapse because Congress refuses to make hard choices.”



    Jay Heflin contributed to this article.
    FESTUS
    IN OMNIA PARATUS

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  3. #2
    The whole idea is and has been for a long time to destroy the middle class. I would say they have done a pretty good job of it.
    By faith Noah,being warned of God of things not seen as yet, moved with fear,prepared an ark to the saving of his house;by the which he condemned the world,and became heir of the righteousness which is by faith Heb.11:7

  4. #3
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    I agree, Middle class is almost gone, people are falling into a situation where people have to rely on the Government for everything. Seems to be their plan, look at what Obama is doing. Sponsoring Government funded programs, extending Unemployment benefits. I think this country is going to see a BIG change here before too long. Seems like were going the way of the Romans...America is dying...Thanks to the Government.
    Only two defining forces have ever offered to die for you, Jesus Christ and the American Soldier....One died for your soul; the other for your freedom.

  5. #4
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    The country is already insolvent by normal standards. We have been spending more than we have taken in for several dozens of years. The "chickens are coming home to roost" at some point and it is not going to be pretty. If you do not have provisions set aside for hard times then you might do so and before the summer is out if at all possible. I anticipate a very long and "cold" winter.

  6. #5
    This is a radical control tactic. You break them down in order to rebuilt them under your control. I am trying the find a copy of the book Rules For Radicals, it is the control manual that Obama is using.
    America is dying but I don't believe it is because of its government. I believe its because of its people. We are the ones that elect our leaders, the bad ones, time and time again. As a whole our entire country is askew and we don't do a whole lot about it but complain. We kill babies and old people, our words and promises mean nothing, our population is continually selfish focusing on what I want and what I want to do. Obama really believes that He is saving us from ourselves and he will employ any method that he can get a hold of us with.
    Do something radical back. Take your family to a church where the preacher really makes you mad when he preaches. Sell all you crap that you don't need and get extreme about getting debt free. Move to a state that has a proper political perspective. Get right with God. Teach your kids about working hard for money and how to use it properly. Get involved with your local election by helping in a good candidates campaign, running for office, or going through your entire neighborhood door-to-door to sign up voters. Stop bellyaching and start working- thats change you can believe in.


    Come on I dare you.

  7. #6
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    Ulterior Motives

    The "obummessiah" and his leftist minions want it all!!!

    Apathetic-USA.com Intro Movie

    WTFU America!!!

  8. #7
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    EMS, you hit on a profound truth--we have elected the scum and have put up with their actions way too long. I say "we elected" meaning American voters of the SHEEPLE variety. Those who only care what the gub can do for them, those who are easily led by liberal celebrities, those who follow the lefttist medias, and those who really just do not care about anything. Then there are those of "US" who do not vote or work for "our" candidates. Apathy has put these people into power and I am beginning to worry that the same malaise will keep them there. Lord help us if we are not able to shake off these parasite's and liberal's elected scum.

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