U.S. Debt Ceiling
- Thread starter island1fox
- Start date
wkmac
Well-Known Member
Babagounj
Strength through joy
Wasted $$$.
The U.S. Department of Agriculture is paying $112 million in tax money to farmers and ranchers in 11 Western states to restore the habitat of the Sage Grouse, a bird that has not been listed as either threatened or endangered under the federal Endangered Species law because the government says there are too many of them.
The U.S. Department of Agriculture is paying $112 million in tax money to farmers and ranchers in 11 Western states to restore the habitat of the Sage Grouse, a bird that has not been listed as either threatened or endangered under the federal Endangered Species law because the government says there are too many of them.
Babagounj
Strength through joy
more waste.
(ABC News) — The cost of U.S. military intervention in Libya has cost American taxpayers an estimated $896 million through July 31, the Pentagon said today.
The price tag includes the amounts for daily military operations, munitions used in the operation and humanitarian assistance for the Libyan people.
The U.S. has also promised $25 million in non-lethal aid to the Libyan Transitional National Council, half of which the Defense Department has already on MRE’s (military lingo for Meals, Ready to Eat).
The military delivered 120,000 Halal MRE’s to Benghazi in May and a second shipment that included medical supplies, boots, tents, uniforms, and personal protective gear in June.
While Libyan leader Moammar Gadhafi appears on the way out, NATO says flight missions over Tripoli will continue, with the U.S. playing a role in helping to keep a tight window over the area that’s been in effect for weeks.
Over the past 12 days, U.S. planes have flown 391 sorties for a total of 5,316 since April 1, according to figures provided by the Defense Department. That total includes 1,210 airstrike missions over the same three and a half month period. The U.S. has also conducted 101 Predator drone strike missions in Libya.
And that’s not the final bill, the $896 million represents the amount we’ve shelled out through July 31st. We’ll probably be closer to $1 billion when all is said and done.
(ABC News) — The cost of U.S. military intervention in Libya has cost American taxpayers an estimated $896 million through July 31, the Pentagon said today.
The price tag includes the amounts for daily military operations, munitions used in the operation and humanitarian assistance for the Libyan people.
The U.S. has also promised $25 million in non-lethal aid to the Libyan Transitional National Council, half of which the Defense Department has already on MRE’s (military lingo for Meals, Ready to Eat).
The military delivered 120,000 Halal MRE’s to Benghazi in May and a second shipment that included medical supplies, boots, tents, uniforms, and personal protective gear in June.
While Libyan leader Moammar Gadhafi appears on the way out, NATO says flight missions over Tripoli will continue, with the U.S. playing a role in helping to keep a tight window over the area that’s been in effect for weeks.
Over the past 12 days, U.S. planes have flown 391 sorties for a total of 5,316 since April 1, according to figures provided by the Defense Department. That total includes 1,210 airstrike missions over the same three and a half month period. The U.S. has also conducted 101 Predator drone strike missions in Libya.
And that’s not the final bill, the $896 million represents the amount we’ve shelled out through July 31st. We’ll probably be closer to $1 billion when all is said and done.
Lue C Fur
Evil member
Babagounj
Strength through joy
and ex-governor Romney wants the rebels to hand over to the USA the Pan-Am bomber that the UK released.
Lue C Fur
Evil member
moreluck
golden ticket member
Senate Quietly Raises Debt Ceiling By $500 Billion…
Shhhh . . .
Shhhh . . .
(WSJ) — 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.
Only Sen. Ben Nelson (D., Neb.) broke from his party to vote with the Republicans in trying to move forward with the measure.
The next increase in the borrowing limit, likely in the first quarter of next year, will be dependent on the ability of a panel of 12 lawmakers to reach a deal that cuts at least $1.2 trillion from federal budget deficits over the next decade.
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.
Only Sen. Ben Nelson (D., Neb.) broke from his party to vote with the Republicans in trying to move forward with the measure.
The next increase in the borrowing limit, likely in the first quarter of next year, will be dependent on the ability of a panel of 12 lawmakers to reach a deal that cuts at least $1.2 trillion from federal budget deficits over the next decade.
moreluck
golden ticket member
For some reason I just can't picture Kerry cutting $5.00 !!
moreluck
golden ticket member
House Dems Introducing Bill To Eliminate Pesky Debt Ceiling And Allow Obama To Borrow Us Into Oblivion…
Thankfully it doesn’t have a snowball’s chance in hell of passing.
Thankfully it doesn’t have a snowball’s chance in hell of passing.
(The Hill) — Three congressional Democrats are introducing a bill Wednesday that would abolish the federal debt ceiling. The lawmakers say that the recent debate to raise the ceiling and avoid default had a “disastrous” effect on the U.S economy, and that the legislation would keep parties from using a potential default as a hostage in future budget debates.
“The debt ceiling is truly arbitrary and has nothing to do with the deficit,” Rep. Jerrold Nadler (D-N.Y.) said in a statement last Wednesday. “The debt ceiling does not prevent the United States from incurring new debts. That occurs when Congress decides to authorize more spending than revenues. The debt ceiling prevents the president from borrowing money to pay those debts when they come due.”
Virginia Democrat Jim Moran and Georgia Democrat Hank Johnson will join Nadler in introducing the legislation. But the bill is unlikely to gain traction, especially in the Republican-controlled House. Members of the GOP were encouraged that they were able to use the debt ceiling as leverage to attain deep budget cuts during negotiations with President Obama and the Senate.
“The debt ceiling is truly arbitrary and has nothing to do with the deficit,” Rep. Jerrold Nadler (D-N.Y.) said in a statement last Wednesday. “The debt ceiling does not prevent the United States from incurring new debts. That occurs when Congress decides to authorize more spending than revenues. The debt ceiling prevents the president from borrowing money to pay those debts when they come due.”
Virginia Democrat Jim Moran and Georgia Democrat Hank Johnson will join Nadler in introducing the legislation. But the bill is unlikely to gain traction, especially in the Republican-controlled House. Members of the GOP were encouraged that they were able to use the debt ceiling as leverage to attain deep budget cuts during negotiations with President Obama and the Senate.
trplnkl
555
“The debt ceiling does not prevent the United States from incurring new debts. That occurs when Congress decides to authorize more spending than revenues."
OK, they get this part...how can they continue to say our economy problems don't stem from TOO MUCH SPENDING ?
Babagounj
Strength through joy
Bill Blocks Billions in Child Tax Credits to Illegal Immigrants
by Audrey Hudson
New legislation sponsored by Rep. Sam Johnson (R.-Tex.) would block illegal immigrants from cashing in on the refundable child tax credit and save the federal government tens of billions of dollars.
“Last year illegal immigrants bilked $4.2 billion from U.S. taxpayers due to a loophole with the refundable child tax credit,” Johnson said. “According to a new report, this rampant abuse has cost American taxpayers billions. That’s just wrong.
“It’s time to close this loophole,” Johnson continued. “With the dire need to cut government spending, I hope this simple fix gets a serious look as a way to stamp out waste, fraud and abuse.”
The Refundable Child Tax Credit Eligibility Verification Reform Act (HR 1956), would amend the Internal Revenue Service (IRS) code to require that taxpayers provide their Social Security number on their tax return in order to claim the refund.
see it's not just the rich that use loopholes to swindle the US Federal Gov't.
by Audrey Hudson
New legislation sponsored by Rep. Sam Johnson (R.-Tex.) would block illegal immigrants from cashing in on the refundable child tax credit and save the federal government tens of billions of dollars.
“Last year illegal immigrants bilked $4.2 billion from U.S. taxpayers due to a loophole with the refundable child tax credit,” Johnson said. “According to a new report, this rampant abuse has cost American taxpayers billions. That’s just wrong.
“It’s time to close this loophole,” Johnson continued. “With the dire need to cut government spending, I hope this simple fix gets a serious look as a way to stamp out waste, fraud and abuse.”
The Refundable Child Tax Credit Eligibility Verification Reform Act (HR 1956), would amend the Internal Revenue Service (IRS) code to require that taxpayers provide their Social Security number on their tax return in order to claim the refund.
see it's not just the rich that use loopholes to swindle the US Federal Gov't.
klein
Für Meno :)
I liked the bill the republicans wanted to pass, but even they were divided on their own votes on the Natural Disaster - FEMA bill.
The GOP wants to ensure cuts are made each time a natural disaster hits an area in the US.
So, before any financial help from the Fed comes, they'll need to debate where the cuts will be made to pay for it first.
Round 1 of voting was unsuccessful, maybe if they do win the next election they might be able to pass it.
Who cares if it takes months for financial relief for those hit hard, eh ?
The GOP wants to ensure cuts are made each time a natural disaster hits an area in the US.
So, before any financial help from the Fed comes, they'll need to debate where the cuts will be made to pay for it first.
Round 1 of voting was unsuccessful, maybe if they do win the next election they might be able to pass it.
Who cares if it takes months for financial relief for those hit hard, eh ?
Similar threads
