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The measure, approved by a 62-38 vote that sends it to President Obama's desk, would keep the government open for one more month. Obama is virtually certain to sign it before day's end.
Up against a midnight deadline to avoid a government shutdown, the Senate passed legislation Wednesday that temporarily would extend spending on most federal programs at current levels while raising Congress' budget by 6 percent.
Originally posted by marg6043
They are doing this because the government or congress are adamant to raise the debt ceiling, because with the recession and claims that we are "re bouncing" will send mixed signals to our debt holders.
So I guess the government will be doing this for months until they have no other choice but raise the debt ceiling.
"This is the worst display that I have ever seen in my years of service in the Congress," said Sen. Tom Coburn, R-Okla. "We have the audacity to take care of us before we take care of the rest of America."
Sen. John McCain, R-Ariz., took aim at $500,000 included to notify constituents about town hall meetings, even though people packed such events in August.
"Has anybody had any trouble lately having people come to their town hall meetings," McCain said. "We need to spend $500,000 additional to notify people?"
Congress was rewarding itself with a 6 percent budget boost, though the $51 million increase for the House office budget account represents an 8 percent increase. There's also a big jump in spending to repair House office buildings, including a $50 million to refurbish the oldest one.
The Senate gave itself a 6 percent boost for its office accounts.
The Postal Service could delay $4 billion in payments due next month to a health care fund for retirees. Some $5.4 billion is supposed to be paid, but officials say they don't have enough money to make the payment.
Originally posted by marg6043
BTW I did a thread just about the bailout scam and where the money go.
Yes the government is planning another bailout to clean more toxic assets from the banks with a mix of tax payer and private investments.
Also more money to hit first time mortgage buyers.
Troubled Assets Relief Program (TARP) was a flop or more likely a scam, more bailouts to follow.
www.abovetopsecret.com...
Sometime after the battle over health care reform is over, for the 90th time in the past 69 years lawmakers are set to engage in another contentious debate, this one with a foregone conclusion.
This fall, lawmakers will once again increase the national debt ceiling. The debate will be highly partisan, but the outcome will assuredly be that the U.S will raise its credit limit by about $1 trillion.
At $12.1 trillion, the national debt ceiling was just $349 billion away from being topped after unprecedented intervention into the financial markets that included $700 billion in bailouts and a $787 billion stimulus package.
On August 7, the U.S. Treasury Department sent a letter to lawmakers warning them that another vote to raise the national debt ceiling was imminent. Since that time, the economy has improved somewhat. Lawmakers are hoping that this will allow them to put the vote off until later in the year and provide them with some political cover.
Originally posted by poedxsoldiervet
reply to post by SpartanKingLeonidas
Cue the buglar, lower the flag, stick a fork in here baby America is Done.
Wild ride we had here in the US.. To bad it had to end so soon.
Originally posted by marg6043
They are doing this because the government or congress are adamant to raise the debt ceiling, because with the recession and claims that we are "re bouncing" will send mixed signals to our debt holders.
So I guess the government will be doing this for months until they have no other choice but raise the debt ceiling.
Originally posted by jimmyx
Originally posted by marg6043
They are doing this because the government or congress are adamant to raise the debt ceiling, because with the recession and claims that we are "re bouncing" will send mixed signals to our debt holders.
So I guess the government will be doing this for months until they have no other choice but raise the debt ceiling.
or they can do what bush did, and just keep iraq and iran spending off budget....makes the numbers look better.