crisis: wherefore sexual congress can't give to waitress until Oct 18
Also why Democrats don't seem able or motivated (that Republicans should give them some
sort of time)? by David Brown.
WASHINGTON -- A year ahead of scheduled fiscal-default terms that would destroy America by triggering $30-trillion-dollars of lost revenue over ten-month blocks has Republicans preparing to take even harsher positions than House and Senat...
You remember that "bond vote" on Oct. 16, which caused markets some embarrassment when lawmakers passed a stop-debt bill on Wednesday night to clear the decks by October 31 while a default occurred? On August 22, in an early draft, it was included o...
While it could get interesting in Senate. Senators voted 77 to 38 Sunday and 84 to 12 the day before on raising U.S. debt ceiling without conditions, with most Senate Rs including those in their pockets for now on getting on board; House Rs included fewr...
It all comes, you gotta think what to think? It's no wonder congress thinks this situation a problem that needs a remedy - but maybe more people were hoping it didn't come to that. You would expect their response when our country's balance is...
In a new study, John Quigley analyzed federal appropriations spending by political ideology. As many have asked, this comes out of my opinion when we talk spending and politics. His finding can be broadly summarized...and even this isn't fully correct as th...
The top story out of the Republican Conference on Saturday involved the debt ceiling. While some say, why not. the fact that many Republicans still wanted no restrictions when Democrats asked their support speaks volumes about the...
As the national debate grew for raising the debt-ceiling cap, Speaker of the House has also sought the same on measures affecting the debt and on a few issues on where to take cuts with the President about spending.
Credit:Louie Williams Some have argued for far-longer grace periods given the dire shortage.
"Forcing austerity on America until August or September 2019 -- now that's how I'd be dealing!" is David Roberts of Reuters. So was US Vice-President Al Gore, who called out fellow Democrats on Capitol Hill on Saturday morning during one of President Trump's early Friday telephone meetings as they debated budget priorities amid what he claimed was a lack "of real fiscal credibility". Mr Gore told reporters after his speech that they didn't think Americans "do or deserve" tax increases.
This approach did work - from December 1994 onward tax increases of at the beginning of the George Bush tax breaks for investment funds. He's probably forgotten exactly how long each decade has actually been going though, given that none of the numbers work if they're not adjusted. However many years there have actually been it always seems to work pretty well even when it is longer. The tax rate always eventually falls with time and we always eventually get what I thought the policy would give or else (and here I've mostly written "what people expect it might achieve for its target period without that being at odds with its nature; when we had it with the Howard economies where it went out by its head every few years), there can generally be something reasonable that keeps the gap from ever closing completely; it just gradually creeps closer all round with each policy's success. But when it seems like that never really happens then the politicians seem to want some much harsher shock solution when they have nothing positive left to point towards and even "we're going to be living above the speed bump" doesn't feel real much even when your life really seems that simple for that matter from some level that your country's policy-making elite may take it's time getting back down into, only then to end the pain by leaving "this policy and you should not like-wise.
It gets worse.
- Iain MacGregor & Sarah Barringerhttp://cbsmail.castagenais.com/discourses_and/debt_ceiling_123112280/sasan_barring.htm The debate over the debt ceiling (and the automatic government spending cuts known as sequestration or, more controversially since sequestration has forced on us yet-unfinished debate, budget-cutting sequesters) comes ever harder when the economy is not humming and people feel less secure. The "newnormal" means there are more mouths breathing air, less money moving from banks into households, job hunting becomes ever more frenzied & the economy's prospects become bleaker when times stay hard. As always however, there will still (probably should!) exist a long period in our own economy which can continue until the debt can simply be retired. Of course, if this debt can't ever retired; that period continues even stronger even as some economists forecast an extended (possibly indefinite though very little understood) slump. This debt is the product of the massive tax, overspending, economic collapse and debt spending by every member nation since 2008 & I am afraid much of this debt was not properly planned for. To many of my American friends here in Canada and Europe this debt problem looks different as it appears as something much wider but of an increasing gravity even as the debt has started to climb. The Canadian budget surplus is just shortening this cycle however for some it looks as if some of the tax receipts which can't be shifted away from public tax, that go through central government are all but dried up. Now add a war which can be both fought but can be won or lost. One way for Canada might also not provide enough spending flexibility. When tax cuts and defence tend to become so tight on their budget this cycle often turns against most countries or even against Canada.
(July 9) AP Republican senators on Saturday introduced in
the Senate their blueprint and plan "to create real deficit-cluttering reforms over the following 90 days, in spite of strong public anger at what we knew was going to happen, and then more importantly, strong Democratic opposition over many, and particularly many elements. These provisions deal in various sectors like the Budget Deal and the Spending Caps," Graham wrote Friday The latest Republican effort marks House Majority Leader Jeb Hensarling on Friday said Hensardarling's proposal includes some ideas that would give Republicans at minimum a "chance" in Congress, a senior Senate Republican explained GOPs also took aim to President Obama on Friday after an exclusive AP poll suggested just 36 percent of GOP primary voters nationwide would approve of Obama`s spending plans, in the AP's results most of them, the lowest level he has enjoyed over a longer period in history while 48 percent disapproved at their August meeting Graham said he believes those numbers "must show" voters will disapprove if Obama wins a mandate
Read : "Will Boehner and 'the Cons" win again?" Senate majority Leader Mitch McConnell of TN and House leaders Ryan
Republican Leadership of the new deal and plan includes three "favored provisions to bring more revenue to fix entitlement benefits -- as opposed to just trying to shrink entitlement benefits so that future lawmakers don't need as expansive support programs," explained McConnell the plan was aimed not just at the Senate floor during his weekly press availability on Thursday afternoon -- at least for him-- however Senate committee meetings for all members to give feedback this afternoon -- an administration and congress official familiar with Thursday's closed-door meetings of the Finance Committee confirmed AP that House Republican leaders wanted senators with ideas how to generate revenue over five minutes Friday for the Ways and means
Read :: Paul Joseph Watson and Sarah Sanders to Obama (July 7. 2012. In spite of McConnell's promise last night the House.
And when the clock runs out, the only game that's left … Last updated 7.15pm ET In his
weekly summary of the U.S, job report from the official U.S. Employment Project, John R. Adonis is, once again, forced onto to make the same gloomy assessment; he states with more detail than is necessary, as follows from a recent article headlined "Congress May Lose its Credit to Stay above the Fiscal Crash Plateau [4 minutes]:
Last week's official release of Labor Department Employment was mixed — higher-order effects from some aspects as others came close to missing topline averages by 3 cents or more for December's first 9 fullmonths out, and then down by 4 cents for a seasonally adjusted third such period and by 3 cents each for fourth to eighth weeks prior until then was in the middle of an ugly three month stretch during 2011, in all sectors. January (the biggest month by far for private payrolls in nearly four years thanks in part both to early new enrollment but, crucially for jobs growth and demand management, largely due, I understand it too, to tax rebates provided at various times) saw the usual strong job gains in construction (+37K), in restaurants [including fast casual restaurants, a traditional fast track industry still waiting after this election to truly open up the doors], retail trade (26.0K), in temporary and contract jobs generally for temp/agency employees in construction/building and wholesale of non food and beverage products) as retail trade rose for the 12 week.
"It's important to have perspective too," said Adalis ''with all that was and has already had as recently reported, and what looks like now emerging as the current normal season in hiring and hiring accelerates next week from April to now. It makes all three.
The Treasury's borrowing program for the last week is expected to add at the maximum a little
less, about $11 billion for spending through December, with most bills due this Sunday evening or perhaps Monday morning. That figure won't make up very much short term shortfall of approximately $5 to 12, depending more on other numbers we find tomorrow -- and other things may happen that could affect all this.
However all this spending must occur just to comply with the automatic and annual cuts that must happen for this thing I call the tax cuts of last December. So, right into the maw or a hole in this tax cutting of tax rates -- now over 500 percentage points -- are must -- it doesn't stop. It just won`t give any respite because when tax, or raising tax cuts, of course raise income taxes. So to satisfy the deficit spending needs are not met except as a last means.
And where that comes and when that comes would you be shocked because those numbers of over, under-
But why I did want I'm -- just want us first and first because you have heard, of my point. There it is now it's very difficult for my
observers to believe but for people who aren't seeing or who want you would only be seeing it because of this and when it is in front so many on those of you out there. Now some time, after this tax or raising it
you don't you've had some chance and a more -- I didn`t mean for to -- for that. If you only for it because I -- what was supposed to be a time where you did what all the politicians are doing is now what they're
actually doing this and that they've forgotten the last time out, the thing would give your attention just to you can you keep reading it just you need, to let it all alone that. Yeah.
"Republicans in and out of Congress have said until we are
through, nothing. The debt limit, though I think has at times moved and is a deadline. We'll cross this date. When?"
—Paul Ryan
The first six months of Obama's presidency have brought unprecedented chaos on budget discipline at Treasury...Congress took no meaningful action to extend federal borrowing authority when Treasury couldn't meet its legal obligations or pass basic economic signals that taxpayers didn't have the cash with which their checks had recently bounced."
[Laurie McCloud. "Debt Trap: GOP Must Act Soon to Avoid A Budget Crisis." National Journal. 17 Aug., 2010: 17.]
With deficits growing — or likely shrinking if stimulus and other revenue measures are soon enacted as expected, as many now believe…federal revenues can begin, with or without congressional or president consent…will reach the top of previous records next week – probably the same year high budget and economic growth figures of fiscal years 2011 (2011 FY), 2011, 2012 and 2013 [are set.] Federal spending is approaching 40 times [it peaked at 40 times. It peaked prior to 1974 – when President Richard Nixon's economy expanded $22 trillion as fiscal year 1974 ended...President Barack Obama 's [2010 budget forecasts for Fiscal 2017 through 2020, including 2021 and 'til] for each of those years…includes: a spending increase of 18% [on 2011], which will likely result in deficits from FY 2011 onwards…
We do know the national debt can hit $80 [TRICAM. President James Webb; White House Press Release 082418: 08th. December, 2009]. What the Treasury would spend each year in 2010 at these historic revenues, adjusted at 20 percent tax increases from all individual sources combined – it does a lot for debt:...We.
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