Topic: Trillion with a T. | |
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The new spending bill is 1.1 Trillion dollars.
Anybody getting the feeling like they just pull numbers out of their butts? I don't really have anything else to add, I'm too busy stock piling Ramen Noodles while I can afford to buy them. |
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I was going to post this on a new thread...but I will do it here
By JIM ABRAMS, Associated Press Writer Jim Abrams, Associated Press Writer – Sun Dec 13, 5:12 pm ET WASHINGTON – The Senate on Sunday passed a $1.1 trillion spending bill with increased budgets for vast areas of the federal government, including health, education, law enforcement and veterans' programs. The more-than-1,000-page package, one of the last essential chores of Congress this year, passed 57-35 and now goes to President Barack Obama for his signature. The weekend action underlined the legislative crush faced by Congress as it tries to wind up the year. After the vote, the Senate immediately returned to the debate on health care legislation that has consumed its time and energy for weeks. Senate Democrats hope to reach a consensus in the coming days on Obama's chief domestic priority. The spending bill combines six of the 12 annual appropriation bills for the 2010 budget year that began Oct. 1. Obama has signed into law five others. The final one, a $626 billion defense bill, will be used as the base bill for another catch-all package of measures that Congress must deal with in the coming days. Those include action to raise the $12.1 trillion debt ceiling and proposals to stimulate the job market. The spending bill passed Sunday includes $447 billion for departments' operating budgets and about $650 billion in mandatory payments for federal benefit programs such as Medicare and Medicaid. Those programs under immediate control of Congress would see increases of about 10 percent. The FBI gets $7.9 billion, a $680 million increase over 2009; the Veterans Health Administration budget goes from $41 billion to $45.1 billion; and the National Institutes of Health receives $31 billion, a $692 million increase. All but three Democrats voted for the bill, while all but three Republicans opposed it. Democrats said the spending was critical to meet the needs of a recession-battered economy. "Every bill that is passed, every project that is funded and every job that is created helps America take another step forward on the road of economic recovery," Senate Majority Leader Harry Reid, D-Nev., said after the vote. Republicans decried what they called out-of control spending and pointed to an estimated $3.9 billion in the bill for more than 5,000 local projects sought by individual lawmakers from both parties. The Citizens Against Government Waste said those projects included construction of a county farmer's market in Kentucky, renovation of a historic theater in New York and restoration of a mill in Rhode Island. Sen. John McCain, R-Ariz., a longtime critic of such projects, said it was "shameful" that so many had found their way into the legislation. Most Americans, he said, were watching football and not the Senate debate, adding, "If they knew what we are about to pass ...." The legislation also contains numerous items not directly related to spending. It provides help for auto dealers facing closure, ends a ban on funding by the District of Columbia government for abortions and allows the district to permit medical marijuana, lets Amtrak passengers carry unloaded handguns in their checked baggage and permits detainees held at Guantanamo Bay to be transferred to the United States to stand trial, but not to be released. The bill also approves a 2 percent pay increase for federal workers. With the Senate concentrating on health care, attention on the upcoming jobs plan shifts to the House. The defense bill that will be the basis for the package normally enjoys wide bipartisan support, but Republicans, and some fiscally conservative Democrats, are unhappy with the prospect of another jolt of deficit-swelling spending. Congress must soon raise the debt ceiling, now at $12.1 trillion, so the Treasury can continue to borrow, and Democratic leaders are eyeing a new figure close to $14 trillion, pushing the issue past next November's election. But a bipartisan group in the Senate says a higher ceiling should be tied to creation of a task force on deficit reduction, and House Democratic moderates say their votes could depend on winning a "pay-as-you-go" law requiring that new tax cuts or spending programs don't add to the deficit. Sen. Mark Warner, D-Va., on CNN's "State of the Union," favored a deficit task force. He said he didn't "see how this process where everybody kind of lards on is going to actually ever come to an end unless we finally have the discipline to do a straight up-or-down vote across the board on revenues and spending cuts." Proposals to put people back to work include tax breaks for new company hires, small business tax breaks, public works spending and federal aid to states. Congress is also likely to extend measures, included in the $787 billion stimulus act last February, that provide jobless payments and health insurance subsidies for the unemployed. |
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LMAO
You all talk crap about this new spending bill like it's something really incredible. Get a look at this. ON Dec. 17, 2007, the Bush admin passed and signed a 585 billion dollar spending bill. In Sept 2008, to keep the Gov running, they passed and signed another bill for 645 billion. Now while you add those together lrt me show you a bridge I have for sale! When I add them together I get 1.2 trillion. With a "T". $1.2 Trillion worth of spending by the Republicans for the FY 2008! |
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There may be more during that year. I'll look later.
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During Fiscal Year (FY) 2006, the IRS collected more than $2.2 trillion in tax net of refunds.
I'd say before we reach a deficit this year they still have to spend at least $1.1 Trillion. I found this too, Taxation as a percentage of GDP in 2003 was 56.1% in Denmark, 54.5% in France, 49.0% in the Euro area, 42.6% in the United Kingdom, 35.7% in the United States, 35.2% in The Republic of Ireland, and among all OECD members an average of 40.7%. HMmmmmm,,,,,, |
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Edited by
InvictusV
on
Mon 12/14/09 12:44 PM
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LMAO You all talk crap about this new spending bill like it's something really incredible. Get a look at this. ON Dec. 17, 2007, the Bush admin passed and signed a 585 billion dollar spending bill. In Sept 2008, to keep the Gov running, they passed and signed another bill for 645 billion. Now while you add those together lrt me show you a bridge I have for sale! When I add them together I get 1.2 trillion. With a "T". $1.2 Trillion worth of spending by the Republicans for the FY 2008! Because Bush ran ridiculous deficits it's ok to keep doing it? That is your answer? |
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LMAO You all talk crap about this new spending bill like it's something really incredible. Get a look at this. ON Dec. 17, 2007, the Bush admin passed and signed a 585 billion dollar spending bill. In Sept 2008, to keep the Gov running, they passed and signed another bill for 645 billion. Now while you add those together lrt me show you a bridge I have for sale! When I add them together I get 1.2 trillion. With a "T". $1.2 Trillion worth of spending by the Republicans for the FY 2008! Because Bush ran ridiculous deficits it's ok to keep doing it? That is your answer? "You know, Paul, Reagan proved deficits don't matter. We won the midterms (congressional elections). This is our due." -Dick Cheney to Secretary of the Treasury Paul O'Neill who was fired later that month. -Kerry O. |
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LMAO You all talk crap about this new spending bill like it's something really incredible. Get a look at this. ON Dec. 17, 2007, the Bush admin passed and signed a 585 billion dollar spending bill. In Sept 2008, to keep the Gov running, they passed and signed another bill for 645 billion. Now while you add those together lrt me show you a bridge I have for sale! When I add them together I get 1.2 trillion. With a "T". $1.2 Trillion worth of spending by the Republicans for the FY 2008! Because Bush ran ridiculous deficits it's ok to keep doing it? That is your answer? There are about three posts in these threads where members are trying to insinuate Obama has done something unheard of. Even this thread the first poster, my friend war says. " I'm too busy stock piling Ramen Noodles while I can afford to buy them." As if he now suddenly needs to take this measure. If that isn't an invitation for more Blame Obama posts, what is? See, Republicans are easy to read! They always play the blame game while offering no alternatives. Is running a deficit ever a good thing? No! Just show me someone willing to discuss it seriously without trying to play the blame Obama game. |
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Edited by
InvictusV
on
Mon 12/14/09 01:26 PM
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LMAO You all talk crap about this new spending bill like it's something really incredible. Get a look at this. ON Dec. 17, 2007, the Bush admin passed and signed a 585 billion dollar spending bill. In Sept 2008, to keep the Gov running, they passed and signed another bill for 645 billion. Now while you add those together lrt me show you a bridge I have for sale! When I add them together I get 1.2 trillion. With a "T". $1.2 Trillion worth of spending by the Republicans for the FY 2008! Because Bush ran ridiculous deficits it's ok to keep doing it? That is your answer? There are about three posts in these threads where members are trying to insinuate Obama has done something unheard of. Even this thread the first poster, my friend war says. " I'm too busy stock piling Ramen Noodles while I can afford to buy them." As if he now suddenly needs to take this measure. If that isn't an invitation for more Blame Obama posts, what is? See, Republicans are easy to read! They always play the blame game while offering no alternatives. Is running a deficit ever a good thing? No! Just show me someone willing to discuss it seriously without trying to play the blame Obama game. Nothing about this mess is new. That is the problem. |
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Edited by
Fanta46
on
Mon 12/14/09 01:41 PM
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Clinton, lord I disliked Clinto, was actually running a surplus.
Paying off the deficit. LOL Then came 8 years of someone else. |
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