09 September 2011

US Corrupt-Govt Senate passes secret $500B spending increase 1 day ago..from WSJ

(from the Wall Street Journal today)
"The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion, enough to keep the support federal government borrowing through late January or early February.


The action came under an unusual legislative procedure spelled out under the August agreement to raise the U.S. debt ceiling and avoid a U.S. credit default. In a 52-45 vote, the Senate blocked an attempt by Republicans to slow down the process that will result in the $500 billion debt-ceiling increase.
The increase stems from a deal between Congress and the White House, finalized last month, that spells out how the borrowing limit would be increased by $500 billion. Under the process, lawmakers in both the House and Senate must vote on a resolution of disapproval against the increase in the borrowing limit. President Barack Obama would then have to veto the resolution of disapproval, and Congress would then vote to try and override that veto.

The complicated procedure, designed by Senate Minority Leader Mitch McConnell (R., Ky.), would allow an increase of the borrowing limit while allowing most Republicans to vote against such an increase.
There was a twist in this scenario Thursday evening, however. Democrats held firm, rejecting the resolution of disapproval, thereby speeding the process and increasing the borrowing limit immediately."

Hmmmm...and the "super committee" was supposed to come up with the  $1.2 TRILLION in govt budget cuts (by Thanksgiving '11)....and after last nights American Jobs Bill...they gotta come up with an ADDITIONAL $450 Billion in cuts to pay for this latest "stimulus" package..??

We are going the wrong way....spending our way out of this hole.

Obama says his plan is all "paid for"....but wait...he doesn't even have a "plan" yet...that's gonna roll out Monday (9-19) he says....
(the big Corps and BO's handlers need a week to meet, assemble the math, and add the detail to this idea, then paste it to the tele-prompter for The Empty Suit reader to relate to us....so far merely a campaign propaganda push for re-election.)

It ain't happenin'....not w/o pulling back from our 3 wars in Africa and Mid East...and shrinking other huge govt agencies.

They are already saying they will decrease the SS paycheck with-holdings from 6.2%...to 3.1%....but think about it...this will only make the SS program debacle even WORSE.!!

We are screwed and it doesn't matter which party is in power...they are both 100% corrupt and self serving. We didn't get this screwed in the last 2 years...it's been going on slowly since the 1960's. We are simply in Hyperdrive mode to destruction now. IMHO.

I am unable to post pics with Blogger...so I'll just post politics...for now.

Enjoy.!

3 comments:

tffnguy said...

Like you said we're screwed, but we have been for a long time. Too late to do anything about it now. I wonder what it would take to get a one way ticket to mars? This whole planet is screwed.

frann said...

They will just print more money and the value of the dollar will continue it's slide. Corporations own our politicians and it is all in need of a house cleaning. Time for some major noise making..

Anonymous said...

They will probably vote for a pay increase for themselves as well.