“Excuse me sir? May I have another 1.9Trillon Dollars?”

Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.

Say waaaatttt?

Is this something you really want to do after what happened in Massachusetts on Tuesday night?

let me put this into perspective for you, less than a decade ago, $1.9 trillion would have been enough to finance the operations and programs of the federal government for an entire year. Now, it’s only enough to make sure Democrats can avoid another vote before Election Day.

Arguing over the debt limit provides a forum for Republicans to blame Democrats for rising deficits and spiraling debt, even though responsibility for the government’s financial straits can be shared by both political parties.

DID YOU HEAR THAT CONGRESS – BOTH PARTIES ARE TO BLAME.

The record increase in the so-called debt limit is required because the budget deficit has spiraled out of control in the wake of a recession that cut tax revenues, the Wall Street bailout, and increased spending by the Democratic-controlled Congress. Last year’s deficit hit a phenomenal $1.4 trillion, and the current year’s deficit promises to be as high or higher.

Congress has never failed to increase the borrowing limit. So I guess we get to wait and see if they do.

Lucky Us!

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Published in: on January 21, 2010 at 8:42 am  Comments (2)  
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If Coakley does not win, will the Dems play dirty on the Hill?

The White House and Democratic Congressional leaders, scrambling for a backup plan to rescue their health care legislation if Republicans win the special election in Massachusetts on Tuesday, have begun laying the groundwork to ask House Democrats to approve the Senate version of the bill and send it directly to President Obama for his signature.

Please dont tell me its true? The health care bill as its written right now, only makes the “evil” insurance companies richer, gives breaks to unions etc, etc and because the discussions have gone on behind closed doors we have no way of knowing how many under the counter handshake deals are going on.What – you did’nt know the Insurance companies were going to stand to make more money? Hehehehe, you did’nt really think some of the biggest financial contributers to the previous election were going to go without, did you?

Some Democrats suggested that even if their candidate, Martha Coakley, scraped out a narrow victory on Tuesday, they might need to ask House Democrats to speed the legislation to the president’s desk, especially if lawmakers who had supported the bill begin to waver as they consider the political implications of a tough re-election cycle.

It is unclear if rank-and-file Democrats would go along, and House Democratic leaders said no final decision would be made until they talked to their caucus.

But even as Democratic leaders pondered contingencies, the House speaker, Nancy Pelosi, insisted that the legislation would move forward, though she acknowledged that Tuesday’s results could force a tactical shift.

“Certainly the dynamic will change depending on what happens in Massachusetts,” Ms. Pelosi told reporters in California on Monday. “Just the question of how we would proceed. But it doesn’t mean we won’t have a health care bill.”

So much for fair, bi-partisian, transparent politics?

Published in: on January 19, 2010 at 10:11 am  Leave a Comment  
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Citigroup, Morgan Stanley, Chase, Goldman Sachs, and Bank of America–will pay out $90 billion in bonuses.

Good for You Petey Welch!

Admist reports this week that indicate a handful of the largest firms receiving TARP funds–Citigroup, Morgan Stanley, Chase, Goldman Sachs, and Bank of America–will pay out $90 billion in bonuses.
Petey will introduce legislation that would impose a 50% tax on excessive bonuses at firms that received bailout funds….which I do like as its nice for the money to come back, however are they going to stop the fee increase that is surely going to happen for them to ‘reclaim’ money and show a profit so they can pay bonuses “fair and square”?

The “Wall Street Bonus Tax Act” would apply only to bonuses over $50,000, and would use the tax revenue to support loans to small businesses.
I like it!

He says:
“As most Americans struggle to endure a long and wrenching recession, the same Wall Street bankers who came to the American taxpayer with hat in hand are now preparing to pocket record-breaking bonuses,” said Welch. “Financial firms that received taxpayer assistance must remember that they owe their return to profitability to hardworking Americans.”

You got my vote there Mr Welch! Now lets hop eyou have the attention of Reid, Pelosi and O-man

Published in: on January 13, 2010 at 9:49 am  Comments (1)  
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Climate change? What Climate change, Congress produced enough climate-stunting carbon dioxide to fill 10,000 Olympic swimming pools….at the Tax payers expensive

This sure does smell like something Nancy Pelosi would be behind, considering she has her head so far up her own A$$ that she could not smell anyting anyway.

So, remember the “Climate Change Summitt” in Copenhagen? The official amount of money spent is not in just yet, but you can bet your Tax money, its not cheap……by far.

CBS investigative correspondent Sharyl Attkisson reports that cameras spotted House Speaker Nancy Pelosi at the summit. She called the shots on who got to go. House Majority Leader Steny Hoyer, and embattled Chairman of the Tax Committee Charles Rangel were also there. They were joined by 17 colleagues: Democrats: Waxman, Miller, Markey, Gordon, Levin, Blumenauer, DeGette, Inslee, Ryan, Butterfield, Cleaver, Giffords, and Republicans: Barton, Upton, Moore Capito, Sullivan, Blackburn and Sensenbrenner.

That’s not the half of it. But finding out more was a bit like trying to get the keys to Ft. Knox. Many referred us to Speaker Pelosi who wouldn’t agree to an interview. Her office said it “will comply with disclosure requirements” but wouldn’t give us cost estimates or even tell us where they all stayed.

Senator Inhofe (R-OK) is one of the few who provided us any detail. He attended the summit on his own for just a few hours, to give an “opposing view.”

“They’re going because it’s the biggest party of the year,” Sen. Inhofe said. “The worst thing that happened there is they ran out of caviar.”

Our investigation found that the congressional delegation was so large, it needed three military jets: two 737’s and a Gulfstream Five — up to 64 passengers — traveling in luxurious comfort.

Add senators and staff, most of whom flew commercial, and we counted at least 101 Congress-related attendees. All for a summit that failed to deliver a global climate deal.

As a perk, some took spouses, since they could snag an open seat on a military jet or share a room at no extra cost to taxpayers. Rep. Gabrielle Giffords (D-AZ) was there with her husband. Rep. Shelley Moore Capito (R-WV) was also there with her husband. Rep. Ed Markey (D-MA) took his wife, as did Rep. Jim Sensenbrenner (R-WI). Congressman Barton — a climate change skeptic — even brought along his daughter.

Until required filings are made in the coming weeks, we can only figure bits and pieces of the cost to you.

Three military jets at $9,900 per hour – $168,000 just in flight time.

Dozens flew commercial at up to $2,000 each.
(CBS)

321 hotel nights booked – the bulk at Copenhagen’s five-star Marriott.

Meals add tens of thousands more.

Why Thank-You congress, a happy New Year to you as well, I see nothing has changed on your end.

Published in: on January 12, 2010 at 12:45 pm  Leave a Comment  
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Reid and Pelosi to open meetings for final discussion of health care bill…

…..hahahahaha just kidding!

Bahhumbug!

Look for House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid to try to circumvent the traditional conference committee process by which the different versions of health care reform passed by each house will be reconciled. If so, it will be the latest example of violating principles of transparency and accountability in the single-minded pursuit of legislative victory.
Ahhhhh, so many people dont know this and dont care….its a shame

Conferences involving members from both houses are messy things. They are usually conducted in public and often televised, and can produce a compromise version of the bill that leaves rank-and-file members tempted to vote against the final version. That could be perilous in the case of health care since it’s likely to pass without a vote to spare in the Senate and the House’s version passed by only five votes.

Mr. Reid and Ms. Pelosi would love to come up with a way to bash heads in private and skip any public discussion that further reveals just how incoherent and unworkable both the bills are. Luckily, there is a subterfuge readily available that wouldn’t require the House to swallow the Senate’s bill unchanged but also ducks the traditional give-and-take of the conference committee.

When Democrats took over Congress in 2007, they increasingly did not send bills through the regular conference process. “We have to defer to the bigger picture,” explained Rep. Henry Waxman of California. So the children’s health insurance bill passed by the House that year was largely dumped in favor of the Senate’s version. House Ways and Means Chairman Charles Rangel and other Democrats complained the House had been “cut off at the knees” but ultimately supported the bill. Legislation on lobbying reform and the 2007 energy bill were handled the same way — without appointing an actual conference.

Published in: on December 23, 2009 at 2:03 pm  Comments (1)  
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Healthcare bill….only a few steps away

Despite a last-minute weekend deal that put the Senate on the brink of passing health care reform this week, liberal and moderate Democrats remain on a collision course over the bill, as both sides dug in Sunday for the next phase of negotiations.

President Barack Obama’s liberal base and powerful union leaders once hoped the expected House-Senate conference would partly undo a year of retreats and compromises, with Obama weighing in to nudge the moderate Senate bill to the left.

But the titanic struggle to lock in Sen. Ben Nelson (D-Neb.) as the 60th senator for the first key test vote early Monday morning has changed all that. The need to hold Nelson and other moderates in line means major changes on the public option, abortion, taxes, Medicare and Medicaid are unlikely — and that the Senate’s vision of health reform is likely to prevail over the House’s in the final talks.

So do they think there will be many more changes to the bill?

Not likely

“It is very clear that the bill — the final bill — to pass in the United States Senate is going to have to be very close to the bill that has been negotiated here,” Sen. Kent Conrad (D-N.D.) said on “Fox News Sunday.” “Otherwise, you will not get 60 votes in the United States Senate.”

So who has read the bill anyway and how many pages is it now?

Published in: on December 21, 2009 at 11:58 am  Leave a Comment  
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No Wonder CNN is losing rating, the headline is AARP expected to support health care.

Really CNN? No kidding.

Did you forget about the town hall protests in August of this year?

Come on CNN, you can do better than that especially when we are just days away from the Health Care reform going live to public and we only have 72 hours to read 2000 pages.

And please stop quoting Michelle Bachmann, the woman is crazy and gives the Republicans a bad name…it would be like quoting Barney Frank on every story.

Happy Halloween – Civil Rights Act, 8 pages. Health Care reform, 1990 pages. Trees. Priceless.

With Nancy Pelosi and the House Democrats unveiling their 1,990 page health care reform bill – it made you wonder about other landmark pieces of legislation in U.S. history and how long they were.

The original draft of the 1935 Economic Security Act, which established the Social Security Administration was 64 pages
The Civil Rights Act of 1964 – forbidding discrimination based on race and sex: 8 pages The 19th amendment to the Constitution, giving Women the right to vote in 1920: 1 page
The Emancipation Proclamation, with which Abraham Lincoln freed the slaves in 1863: 5 pages
Or, if you really want to get back to basics: The Declaration of independence came in at 1 page in 1776

The Democrats say they’ll post the final version online for lawmakers and the public to read 72 hours before a vote. Good luck reading 2,000 pages in 72 hours.

Meanwhile although the Democrats keep talking about openness and transparency in this process, there are reports that they blocked the public from attending the unveiling ceremony for their health care bill outside of the Capitol yesterday. Videos online show people – not on a pre-approved guest list – being turned away.

Note to Nancy Pelosi: You people don’t own the Capitol – we do.

So much for saving the environment

pelosi-emanuel-happy

Pelosi unveils new Health Care Bill from the steps of the Capitol.

pelosi_cruellaWell folks, its just around the corner……

Speaker Nancy Pelosi said Congress was “on the cusp of delivering on the promise of making affordable, quality health insurance available to every American.”

Officials said the measure, once fully phased-in over several years, would extend coverage to 96 percent of Americans. Its principal mechanism is creation of a new government-regulated insurance “exchange” where private companies would sell policies in competition with the government. Federal subsidies would be available to millions of lower-income individuals and families to help them afford the policies, and to small businesses as an incentive to offer coverage to their workers.

Large firms would be required to cover workers, and most individuals would be required to carry insurance.

Obama praised the bill, which was developed without Republican input.

The House legislation includes critical reforms to the insurance industry, so that Americans will no longer have to worry that they will be denied coverage, or that their coverage will be dropped or watered down when they need it most. I’m also pleased that the bill includes a public option offered in an exchange,” he said in a statement released shortly after the unveiling.

No Republicans are expected to vote for the sweeping legislation, which would raise taxes on upper-income earners and cut Medicare payments to insurers, hospitals and other providers to cover a price tag that costs $894 billion over 10 years. But Democrats control 256 seats in the House, and can afford about 38 defections on the vote and still prevail.

Pelosi has also said the bill would strip the health insurance industry of a long-standing exemption from antitrust laws covering market allocation, price fixing and bid rigging. Democratic officials said the bill also would give the Federal Trade Commission authority to look into the health insurance industry at its own initiative. The officials spoke Wednesday on condition of anonymity, saying they were not authorized to pre-empt a formal announcement.

While precise figures were not immediately available, it appeared the legislation would target the drug industry for more than the $80 billion pharmaceutical firms agreed to contribute toward health care in a deal earlier this year with the White House and key senators. But the industry managed to come away with a provision worth billions: 12 years of market protection for high-tech drugs to combat cancer, Parkinson’s and other deadly diseases.

Medical device makers also took a hit, with a 2.5 percent excise tax on sales of their products that is reported to cost the industry $20 billion over the next decade. A $40 billion fee on those businesses was included in a Senate Finance Committee-approved version of the legislation, but Reid is considering cutting it by as much as half.

And that’s all folks!!!

Health Care: Pelosi gives public option a new name

Pelosi thinks that the ‘public option’ needs a new name.

In an appearance at a Florida senior center, the Democratic leader referred to the so-called public option as “the consumer option.” Rep. Debbie Wasserman Schultz, D-Fla., appeared by Pelosi’s side and used the term “competitive option.”

“You’ll hear everyone say, ‘There’s got to be a better name for this,'” Pelosi said. “When people think of the public option, public is being misrepresented, that this is being paid for with their public dollars.”

The speaker said the “competitive option” idea emerged during her closed-door roundtable, you know one of the ones where the repblicans got locked out at the Sunrise Senior Center with advocates of seniors and others who work with older populations. Wasserman Schultz suggested the term might be here to stay.

As for having the votes to pass such a measure, both women said a public option would survive. They wouldn’t get into numbers of congressional supporters, but said it was simply a matter of picking which type of public option to pursue.

092807-shultzpelosi