Associated Press
House Speaker John Boehner got the outcome he wanted yesterday.
It hasn't generated much interest over the summer, but there's been a looming threat of a pre-election government shutdown at the end of the fiscal year. It seemed unlikely, and it lacked the drama of the previous three government shutdown threats, but the possibility remained.
To recap, Democrats and Republicans struck a deal last summer on spending levels for the upcoming year, which seemingly cleared the way for a smooth budget process. In April, however, House Republicans said they no longer liked the agreement they'd already accepted, and demanded even deeper spending cuts. Without an agreement, we'd see a shutdown this month.
Yesterday, House Speaker John Boehner (R-Ohio) managed to keep his caucus in line, and the chamber agreed to keep the government's lights on through March.
The U.S. House of Representatives has approved a six-month stopgap government funding bill on a 329 to 91 vote, putting aside the partisan warfare of the past 18 months in bipartisan resolve to avoid a budget showdown ahead of the November election.
The Senate is expected to pass the same measure late next week, providing funding for agencies for the first six months of the fiscal year and avoiding any threat of a government shutdown when the year ends Sept. 30.
The far-right Club for Growth stomped its feet a bit yesterday, urging Congress to reject the bill, but the group was largely ignored.
So, did Republicans blink? Actually, yes. Five months ago, Republican leaders said they were no longer satisfied with the agreed-to spending levels, and would shut down the government unless Democrats accepted additional cuts. Democrats refused to even consider additional talks.
And as of yesterday, the GOP decided the unacceptable spending levels weren't so bad after all.
It's tempting to think Republicans backed down due to Democratic resolve, but that's probably only part of the picture -- Boehner and other GOP leaders also didn't want to be on the hook for shutting down the government, and drawing national ire, so soon before the election.
Regardless of motivations, however, the Senate will approve the spending measure next week, President Obama will sign it, and we probably won't see any additional legislative action until the post-election lame-duck session -- which is bound to be very interesting this year.
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The senate should pass POB's job bill, or at least try. Then the GOP again will be on record as opposing strengthening our infrastructure and creating jobs, prior to the election.
In short, jobs bills are just crony capitalism for certain Obama functionaries. Not actual job boosters.
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DisgustedWithItAlll FTW!
Disgusted: what do you do if the hemorrhoid is the entire thing????
"Democrats refused to even consider additional talks."
Well played.
The GOP House has no interest in wading through all those appropriation bills so close to the election. However, come January 2, we're still facing sequestration, and I'm sure there will be some serious chest thumping by a bunch of pissed-off lame duck Tea-partiers who got their asses handed to them in November.
That could get ugly.
The only people that will fall off the cliff are the Republicans and their rich friends, we've already been there.
If anyone thinks Rape-Public-CONs wouldn't screw this country up further just because they'd be lame ducks, for an object example I refer you to:
The Postal Accountability and Enhancement Act
Passed by petulant lame-duck Rape-Public-CONs in December 2006, signed into law by GWB, and the principal reason why the USPS is on the precipice of financial disaster today.
Vulture/Voucher 2012
Proving Two Rights DO Make a Wrong!
;-)
We want to go "over the cliff" on January 2. Then Congress can lower the taxes on the first $250,000 of income retroactively, and the Republicans are forced by the Norquist Rule to vote for it because it is a "tax cut." They can also then deal with the question of sequestration, hopefully with a Democratic majority in the House.
Wonder if Romney is tired of swatting flies yet like his cohort Bush. Romney claims to be this superior business class, but really only a Con man filled with lies and deceptions. Romney already has shown his supposed leadership skills to be incompetent and a failure that would just cause more trouble in the world. How many wars would we have been in by now 5 or 6 that are not paid for? And more tax cuts for the rich as our debt skyrockets even more as the middle class what is left of it and poor pay for the bill. Romney’s idea of just having businessmen in political office is the dumbest idea he has ever had yet, since these people in general are lacking what is really necessary to handle just critical issues in our government. Republicans have got to be the biggest con men idiots around.
Deb, did you miss the meme that half the country pays no income tax? That means much of the middle class and <u>none</u> of the poor pay for anything for the Federal bill. Welfare even covers most of their payroll tax.
Another word for "meme" is "lie"
http://www.cbpp.org/cms/index.cfm?fa=view&id=3505
hey pooper! that's because they dont' make enough f**cking money to pay any imcome taxes!
I will reply to YOU because I can't waste my time on Shooter the Liar. 50% pay no FEDERAL income taxes. They pay plenty of taxes in their states, including INCOME TAXES.
Iguess you didn't notice I said "Federal" bill? Perhaps you were just too enraged someone pointed this out? Tsk.
I guess you didn't notice that the 50% you are so fond of touting doesn't account for payroll taxes. Perhaps you are just not smart enough to understand this, even after it has been pointed out, time and time again?
Tsk.
Customers.
Or excise taxes, sales taxes, property taxes, ...
However, our boy Bull wants to make sure that the geezers pay income tax again on their SS and Medicare.
Largenose, perhaps you also were too enraged to note my mention of payroll taxes and welfare?
DC, well then why are customers hiring more people? Oh, right, they don't actually hire anyone, business does. Or perhaps you mean it's customers money that leads to purchases that leads to businesses hiring people? OK where do customers get money to do that? Business. Jobs drive "demand" not the other way around. See North Dakota as a classic example.
Econ 101 - The unemployed stand around with nothing to do - until someone with an idea and the money to pursue it arrives - needing help.
In your version of things the day laborers in from of Home Depot can build a house on their own with no tools, lumber, property, permits, or paychecks. I've never seen that done, have you?
Sorry Shooter - I don't have time to refute every lie.
Dung beetles are beetles that feed partly or exclusively on feces. All of these species belong to the superfamily Scarabaeoidea; most of them to the subfamilies Scarabaeinae and Aphodiinae of the family Scarabaeidae. This beetle can also be referred to as the scarab beetle. As most species of Scarabaeinae feed exclusively on feces, that subfamily is often dubbed true dung beetles. There are dung-feeding beetles which belong to other families, such as the Geotrupidae (the earth-boring dung beetle). The Scarabaeinae alone comprises more than 5,000 species.
Trolls are in the family of extremely boring dung beetle. :D
Vulture/Voucher 2012
Proving Two Rights DO Make a Wrong!
;-)
@ shooter. A job creator is not going to employ people just for the hell of it. Econ 101 says that demand drives the economy. Take FDR's theory that actually worked. The government is the employer of last resort. In a time of crises, the government pays one man to dig a hole for eight hours. They then pay another man to fill that hole for 8 hours. Money is now being put in the hands of those that will immediately spend it in the local market. They take that money and spend it on necessities to live, therefore creating demand. As demand goes up, those same people are going to be hired by the comapanies or manufacturers that make these products that are being purchased because there is what? INCREASED DEMAND!!! We then get a ROI because those people that are now employed by these companies are paying taxes. Without that demand, it doesn't matter how much money we put in the pocket of the "job creators". They are not going to hire someone unless that increased demand is there. That is the Econ 101 that this country has lived off of since FDR and made this country the envy of the world. Reagan brought us trickle down economincs which has been proven over the last 30 years that it only creates bubbles and makes the middle class poor. It's turning us into an oligarchy.
GET THIS STRAIGHT. A BUSINESS MAN WILL NOT HIRE SOMEONE IF THE DO NOT GET A ROI FROM THAT EMPLOYEE. I AM NOT GOING TO HIRE SOMEONE THAT I DON'T NEED JUST TO HELP THE UNEMPLOYED. I AM GOING TO HIRE SOMEONE BECAUSE THERE IS ENOUGH DEMAND FOR MY PRODUCT THAT REQUIRED ME TO HIRE ANOTHER WORKER TO GET THE JOB DONE!
Your argument here makes no sense. How much are you getting paid to spew this idiotic ideology?
TJ, you almost have it right. Econ 101 says anticipation of demand drives an economy. If people anticipate a rosy future, they hire and invest (take a risk). If they expect doom and gloom, they don't hire and also hoard.
The idea that giving people more money will stimulate demand and jumpstart the economy is disproven everytime it's tried. The latest effort of the payroll tax cut cost us nearly $300 billion and didn't do a thing.
Why? Because of doom and gloom. You can thank Obama for that.
No, I hire people. This week I hired a plumber; last month I hired a different plumber in a different State; in March and April I hired a handyman for a long list of projects. Prior to that I hired a realtor to manage a home purchase and a lawyer to set up the deal. Those were all individual contractors, no "businesses" needed to employ them. But without people like me, all the businesses in the world wouldn't have work for the plumbers, realtors, and lawyers.
From people (incorporated or not) who need their services.
I'm going to have to explain that to my CEO. He's insisting that we hold off on hiring people until orders increase.
Now, Bull, please explain to me whether eggs come from chickens or do chickens come from eggs.
DC, without your job would you have been able to hire those people? Of course not. Your job came first, then the demand for those services. No job, no demand.
Next, Bull, you can tell me what my job is and whether I paid for those services out of wages, savings, investments, or borrowing.
Yes, it is true everyone, Boehner has turned into the Grinch, pictures don't lie.
The entire intellectual and political thinking and engaging these Republicans and their base are into seem to be predicated on a rather simpleton notion that government for the people is bad, while government power for wealthy, rich white people is good! -Kevo
If you base you idea of Govt on handouts, it's inevitable the politically connected will do best. This term it's been rich Democrats. Obama bases his decision making on the Chavez/Castro method.
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Atomizing Hemorrhoids
Complications of Hemorrhoid Surgery
Knowing What to Ask Your Surgeon
References
Video References
Shooter242 - This is by no means political, really! But I just realized your picture is a basketball and hoop; I always thought it was a snake. Haha it is like an optical illusion! Intentional?
Do not engage the hemorrhoid.
Caption for the picture with this story: "Boehner spots a full bottle of Dewar's"
Did Republicans blink? Or did they merely choose to fly under the radar, in the great tradition of Robert E. Lee and U.S. Grant? Why is it important, sometimes, to fly under the radar?
Experience Life among the Ordinary and read the second segment in a three part series at
http://lifeamongtheordinary.blogspot.com/2012/09/flying-under-radar-part-two.html
Shooter:
jobs come from demand for goods and services. The wealthy do not create jobs because they have extra money sitting around, businesses hire people because the demand for their product has grown beyond what they can produce without additional workers.
Where does demand come from? the poor and middle class who spend all of their income on goods and services they need in order to live. When the poor and middle class incomes decrease, demand decreases. Therefore, if you want to increase demand to create jobs, you need to increase the income of those on the bottom of the financial pyramid, and allow prosperity to grow out and upwards from there. (Venture capitalist Nick Hanauer is the source for that. look him up if you're interested).
regarding your 50% of taxes meme: lets say that what you say is true (it isn't, but that is another debate), when 10% of americans control over 60% of the countries wealth, that leaves 90% of americans controlling 40%. This leaves the bottom 50% of americans controlling about 1% of the wealth. How much are you going to get in tax revenue from that 50% of americans? not much at all is the correct answer. Eliminating the bush tax cuts will eliminate the biggest drag on our fiscal problems and get us back on the path to solvency (graphs from Ezra Klein have shown this as accurate).
You're wasting your breath with Shooter. He just drops in to crap on the thread and derail it. He's been banned from so many sites I'm amazed he can still use his pseudonym. Nothing changes his mind, not all of your facts or arguments, because he doesn't come here to actually engage in constructive conversation. He's a troll. He gets off on it. He doesn't care what people say about him as long as they are talking about or reacting to him. He's obnoxious on purpose, and he's persistent, like a bad cold.
He shows up on every liberal website, until he's banned. Where he can't be banned, he'll show up forever. He's a child who soils his own pants to get attention. Don't feed this troll.
Hello Tz, I see you have assumptions about how an economy works. Let's look at demand.
Rather, demand for goods and services comes from jobs. Economics almost never has straight lines if "A" then "B" Anyone insisting it does, is naive. What exactly do you mean by demand? When people demand something, it normally means they want or need to have certain stuff. Is that enough to drive an economy? Nope.
Consider Sudan. It's citizens need and want everything. They have nearly nothing, so that demand/need/want existence is clearly present, yes? Yet they don't get more stuff just because they want it.
Since we've established demand/need/want is always with us, it's the money part that's the problem. Where do people get money? Their job. No job, no money, no fulfilled demand. Government can't give people enough money to fill the hole losing jobs creates.
--------------
Consider that Bush rates for the wealthy cost $36 billion, or about 3 months of the payroll tax cut. According to you, Bush rates for everyone shouldn't be much more, yes? Well it is much more. $238 billion. Believe it or not, Republicans would eventually pass Clinton rates for everyone, but play the class warfare card and nothing will get through.
I'll check back later to see if you have a response.
Amazing, Boehner managed to convince the morons and fools that they shouldn't shoot themselves in the foot again.
Boehner looks a lot better these days, I think Mitt's continual idiocies are finally giving John some breathing room.
Boehner told the Tea Partiers that if they cause a shutdown, they will pay for it in the elections. The opinion polls show that Republicans are very low in public approval and much of it stems from their hostage taking. Personally, I would have preferred Dems vote present and let the shutdown happen because Boehner can't get enough Republicans to pass the bill the first time around. What happened is that by Dems voting for the bill, it allowed some Republicans to vote against it. If Boehner was forced to withdraw the bill because he didn't have the votes, Republicans would get blamed for another shutdown just before the elections.
Is there a copy of the bill? I do not trust the President at all when it comes to social programs. I anticipate that any tax cuts, revamping of the tax code will come after any cuts to social and infrastructure programs.
That blanks person is dumber than his name. Jobs are not what's required to get an economy moving, it's the spending of money for goods and services that does it. Where that money comes from has no bearing on the matter.
The Federal government, states and local governments can finance projects though the selling of bonds, but bonds don't always sell well during a recession, especially state and local bonds. Then there's that interest that has to be paid. Even so, the spending of the money provided by such bond issues provides financing for projects that employ people who are paid money, in the form of wages and salaries that is then spent by those employees on goods and services that, at the very least, keeps the economy from sliding into a depression, or, better yet, a faster recovery from the recession.
If it's the Federal government, on the other hand, that's providing the funds for necessary projects; highways, bridges, re-hiring public employees, there's another method providing the financing required: the Federal government can just print money. That does run a risk of setting of a round of inflation; however, until the unemployment rate drops to near normal, around 4-5%, there's little likelihood of inflation starting up. Why?
Because to have inflation, you have to have demand. Until the labor market approaches "normal" there will still be too many people with not enough money to spend on goods and services to start driving those prices up. Once the economy starts to recover, with or without governmental intervention, it becomes a sort of closed cycle: decreasing unemployment means more money being spent on goods and services, more money being spent on goods and sevices decreases unemployment. Most importantly, it matters not a whit whether that money comes from an exalted "job creator", the selling of bonds by governmental units, or by the Federal government printing money. All that does matter is that there are people receiving money for services and products and that money is being spent for other services and products.
Why anyone in their right mind would let a politician anywhere near a local, state or Federal budget, who doesn't, or worse yet refuses to, understand the validity of that last paragraph is beyond me.
Oh wait, we are talking about that blanks person, aren't we...
The sooner the President and Congress can come to an agreement on how to treat the looming expiration of these tax policies the sooner we can lift the economic uncertainty surrounding personal and corporate finances.