Bailout Voting

[Scott50]

the article was from the New York Times -see below link for the article. Glenn Beck was talking about this on yesterday's show...

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1

[Mi Bankruptcy]

Well. I assume people are pissed.

"The webpage at http://www.house.gov/ might be temporarily down or it may have moved permanently to a new web address."

The message when trying to visit the site

[epiphany]

Did anyone else notice that Epiphany is a Guru now.

Ha, thanks for noticing. I am not entirely comfortable with that title nor shall I ever be because there is always so much I need to learn.

I don't think I can live up.

ep

[JRScott]

Sadly the Senate passed an even more bloated 1424 than the House rejected on Monday. The Senate version includes 100 billion in unrelated spending and has measures for mental illness parity, subsidies for rum production and all kinds of crap.

Sadly one of North Carolina's senators voted for this Christmas Tree, and even more sadly he's not up for reelection this year, but we'll remember next election.

I hope and pray that the House does not pass this monster, the cure offered in it is worse than the disease, it's like those pharmaceutical commercials with the really fine print that if you read you wonder why anyone would want to take it.

I worry for us if it does pass, I'm not saying they do nothing but I think the RSC plan and Dave Ramsey's plans are far better.

I've already written thanking my one Senator and chiding the other for voting for it, and written my Rep asking she not support this monster (and I'm pretty sure she'll vote against it).

[Mi Bankruptcy]

I concur. I had one Senator vote it down and the other vote for it. So, the canceled themselves out. I will be calling him later today.

[Mi Bankruptcy]

It went from a 106 Page document to a 451 page document.

http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf

According to radio and some news .. They have added some Pork. I'll have to read it and find out.

[justbroke]

It went from a 106 Page document to a 451 page document.

http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf

According to radio and some news .. They have added some Pork. I'll have to read it and find out.

Of course they added pork. That's the only way to pass ANYTHING in Congress.

More of the same. Vote the lot of them out.

[JRScott]

Some of the pork would be that Rum Subsidy, there is also now a tax break for making wooden arrows for children's toys in the bill, there is some other odd stuff I think it starts cutting in around 503 or 530 in the bill.

[Mi Bankruptcy]

Some positive language

(2) MODIFICATIONS.—In the case of a residential mortgage loan, modifications made under para25graph (1) may include—
29
1 (A) reduction in interest rates;
2 (B) reduction of loan principal; and
3 (C) other similar modifications.

[Mi Bankruptcy]

Some of the pork would be that Rum Subsidy, there is also now a tax break for making wooden arrows for children's toys in the bill, there is some other odd stuff I think it starts cutting in around 503 or 530 in the bill.

yeah, I caught that.

[justbroke]

Just FYI, this is a known tactic, to include other Omnibus-type budget items, so as not to get it shot down. For example, just attach it to "school lunches" and "clean air". No Senator wants to be said to have voted "against" school lunches!

Besides, the Senate can't make new bills, there's a process. So, what they do is... attach "new legislation to an old bill, then send it BACK to the House.

Nice trick.

[BKOnce]

Just FYI, this is a known tactic, to include other Omnibus-type budget items, so as not to get it shot down. For example, just attach it to "school lunches" and "clean air". No Senator wants to be said to have voted "against" school lunches!

Besides, the Senate can't make new bills, there's a process. So, what they do is... attach "new legislation to an old bill, then send it BACK to the House. Nice trick.

Yes, it's called... A Game of Plan!

[justbroke]

Yes, it's called... A Game of Plan!

To me, it's called... same old Congress... different issue.

[Mi Bankruptcy]

Other interesting sections of the bailout bill

SEC. 311. EXTENSION OF ELECTION TO EXPENSE AD12
VANCED MINE SAFETY EQUIPMENT.

SEC. 312. DEDUCTION ALLOWABLE WITH RESPECT TO INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES IN PUERTO RICO.

SEC. 314. INDIAN EMPLOYMENT CREDIT

SEC. 315. ACCELERATED DEPRECIATION FOR BUSINESS PROPERTY ON INDIAN RESERVATIONS

SEC. 317. SEVEN-YEAR COST RECOVERY PERIOD FOR MOTORSPORTS RACING TRACK FACILITY

SEC. 325. EXTENSION AND MODIFICATION OF DUTY SUSPENSION ON WOOL PRODUCTS; WOOL RESEARCH FUND; WOOL DUTY REFUNDS.

SEC. 502. PROVISIONS RELATED TO FILM AND TELEVISION PRODUCTIONS.

[justbroke]

SEC. 502. PROVISIONS RELATED TO FILM AND TELEVISION PRODUCTIONS.

You see... now that just sums it all up.