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BREAKING: House GOP Members Cave On Payroll Tax Cut

December 22, 2011 10 comments

I don’t really know anything more than the headline I just read.  It looks like House Republicans will agree to a two month extension to the payroll tax cut that already passed the Senate in exchange for negotiating towards a longer-term solution.

Undoubtedly, this is good news.  I just don’t know why in the world it took all the haggling and breath holding just to get to this point.

Congress Fails To Agree On Payroll Tax Cut……Again

December 21, 2011 6 comments

In a time when both parties in Congress are urging the other side to come to a compromise and pass legislation that will benefit millions of working Americans, they decided to instead do what they do best………not agree on a damn thing!

After the Senate passed a bill extending the federal payroll tax cut another two months beyond the December 31st deadline, House Republicans decided to kill it with Speaker John Boehner calling it “insufficient” and instead recommending that both the House and the Senate form committees aimed at reconciling the two parties’ differences.

Yeah, because the last time you decided to form a committee was such a resounding success.

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Congress Plans To Crack Down On Millionaires Receiving Food Stamps

December 6, 2011 4 comments

Yes, you read that correctly.  As part of its proposal to extend the Social Security tax break and cut the federal deficit, Congress wants to take a bold new step to save the taxpayers’ money.  They want to target millionaires who are receiving food stamps.

Congress wants to implement a rule that will prohibit anyone with “income or assets with a fair market value of at least $1,000,000” from receiving food stamp payments.  It takes a Congressional order to make this happen?  Seriously?

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Heated Exchange During House Natural Resources Committee Hearing (with video)

November 23, 2011 Leave a comment

I sort of enjoy watching politicians get in cat fights.  Especially when a non-politician puts one in his place.  If you’re like me, you enjoyed this exchange from a recent House Natural Resources Committee hearing.

The combatants: Rep. Don Young from Alaska (who is a member of the committee) and Douglas Brinkley (a historian who was testifying about drilling in the Arctic National Wildlife Refuge).

Young teed it off by calling the hearing itself “an exercise in futility” and Brinkley’s testimony “garbage”.  Young then referred to Brinkley by the wrong name.  Brinkley wasn’t having any of it and the gloves came off.

Personally, I think Rep. Young was asking for it.  You start off by insulting the guy who’s testifying and then call him the wrong name.  What do you think’s going to happen?  The whole “you just be quiet” response seemed like more of a save-face move than anything.

Good for Brinkley for standing up for himself.  Sounds like these guys had it coming.

Super Committee Ready To Admit Failure

November 21, 2011 6 comments

Who’s at all surprised by this news?

It came to light last week that the Congressional Super Committee charged with finding $1.2 trillion in savings for the government was having trouble coming to any kind of agreement or compromise.  Today, it’s expected to become official.  Leaders from the super committee will be announcing shortly that they’ve failed to come to an agreement.

This super committee seemed destined to fail almost from the beginning.  Democrats and Republicans have long been far apart in how to deal with the rising deficit.  To think that a half dozen members of each party could lock themselves in a room and come to a compromise in such a short period of time was asking too much.  Democrats and Republicans can’t agree on what to have for lunch in the Capitol cafeteria let alone agree on $1.2 trillion in deficit reductions.

I guess the only thing left for the super committee to do is start pointing fingers at the other side.  That course of action seems to be the one thing that both sides can agree on!

What say you?  Were you surprised that the Congressional Super Committee failed to reach an agreement?  Feel free to comment below.

The Congressional Super Committee Has Little Chance Of Reaching Budget Deficit Agreement

November 18, 2011 1 comment

We’re just mere days away now from the November 23rd deadline that was set for the much hyped Congressional Super Committee to reach a deal to help find over $1 trillion in savings over the next decade (whether it’s from raising taxes, cutting spending or some combination of both).

And I, for one, have almost no confidence that these Congressional leaders are going to come to any kind of meaningful agreement.

I mean let’s just look at the facts first.  Republican committee members Jeb Hensarling and Patrick Toomey did the TV circuit this past week expressing their own serious doubts that a deal was going to get done.  Republicans want to achieve the $1.2 trillion goal number almost exclusively by cutting spending.  They also want to cut the highest tax rate down to 28% along with trimming corporate tax rates.  Democrats are in favor of higher taxes on the wealthy in order to bring more revenue to the government.  Which side is ultimately going to win?

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