In the wake of the Congressional midterm elections and a dust up over appropriations in September that resulted in a continuing resolution, Democrats are once again seeking to pass a spending bill.
The Hill reports that Democrats are looking to pass a compromise omnibus spending bill between $1.106 and $1.108 trillion, which is $20 billion less than the White House had requested.
Still, some Republicans are having none of it.
In a letter, House Appropriations Ranking Republican Jerry Lewis (R-Calif.) reiterated his strong opposition to any omnibus spending bill Democrats might try to pass in the “lame duck†session of Congress before new members are sworn in.
The compromise amount, formulated by Sens. Jeff Sessions (R-Ala.) and Claire McCaskill (D-Mo.) would result in a 0.7 percent increase in nondefense discretionary spending and a 1.5 percent increase in defense spending.
Some Democrats are angered over the compromise, arguing that federal spending must increase in precarious economic times to stimulate the economy.
Republicans, however, made cutting spending, including plans to return discretionary spending to 2008 levels, a part of their election agenda, The Hill reports.
But the likeliest scenario going forward is another continuing resolution carrying over until the early part of 2011 when the incoming class of Republican senators and representatives will be seated, Federal News Radio reports.
Title : The reps Will Stomp On Middle Class & Economy.
The SHAMELESS reps’ principal : No principal & power-only !
1. The reps’ campaign slogan, spending cut, has nothing to do with the deficit cut.
The Bush tax cut for the wealthy will add an additional $700 billion to the deficit over a decade.
Under the existing Bush tax cut for lavish bonus parties, a sole job plan for the republicans, the country already saw millions of job cuts.
And hence it’s the right time to ask themselves as to how they can pay for it.
As for the Democrats, sound investments = deficit increase.
As for the reps, empty giveaway policy = SHAMELESS top priority.
2. Over the duration of healthcare debate, using the preliminary cost analysis of CBO, the reps opposed the public option stubbornly, but after the release of final score, they have been defiant on the referee.
Inaction cost in relation to health care reform totals $9trillion over the next decade.
The nonpartisan Congressional Budget Office estimates that reform will reduce the federal deficit by $143 billion over the next 10 years and as much as $1 trillion during the following decade
3. In view of Medicare & Social Security :
“Don’t Let Government Touch Your Medicare & Social Security”
“We will instead Stomp On Your Medicare & Social Security”
4. Jobs ahead in another Bush era ( = Entire Downfall ) ??
I think D.S. is going to realize vividly how Bush era wrecked economy.