Republicans in the house caved...yay...we have a 2 month extension which means those assclowns will now have to revisit this again in February, just like the did in November, and September.
Oh...and the president is now going to request an additioanl 1.2 trillion dollar increase to the salary cap, because the latest cap extension didnt manage to resolve the problem. Meanwhile neither party in congress has done anything more thyan propose minor cuts to the DEFICIT spending which guarantees every year we will continue to add trillions to the debt.
And some people call this...'winning'
Go kick your grandkids, folks. Kick em right in the junk. Laugh at em. Help them up and then push them down again. Might as well toughen em up now. As long you keep picking sides with either of these groups you get credit for screwing over the next few generations. Swell with pride, baby.
When Bush proposed cutting payroll taxes and mandating that the amount cut be set aside in individual retirement accounts, the Democrats howled foul because Bush is a Republican.
Now that the Democrats want to cut payroll taxes and allow people to do with the money as they will, but only for a limited time, the Republicans decided not to oppose it, but to use it to force the Democratic president to make a decision he doesn't want to make until after the election.
The bottom line is that neither party has any clue how to make up for the lost revenue, they just know that tax cuts are popular.
Can't we just turn Congress off and then turn it back on again?
(Reuters) - The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.
The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013.
The debt is projected to fall within $100 billion of the current cap by December 30, when the United States has $82 billion in interest on its debt and payments such as Social Security coming due. President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer
Obama to ask for debt limit hike: Treasury official | Reuters
Last edited by VanceMack; 12-27-11 at 06:28 PM.