Showing posts with label Copy of Debt Bill. Show all posts
Showing posts with label Copy of Debt Bill. Show all posts

Sunday, November 13, 2011

Obama Economic Record "He's Making It Worse" 





















Courtesy of the Republican Policy Committee of the United States Senate.
To view the full post, click here.
The Forgotten Fifteen: 15 Jobs Bills the House Republicans Have Passed That Are Now Stuck In the Senate 1) The Reducing Regulatory Burdens Act (H.R 872) - Reduces overlapping and unnecessary regulation on pesticides; thereby reducing costs to both farmers and small business owners. * Passed the House by a vote of 292-130 on March 31, 2011
 2) The Energy Tax Prevention Act (H.R. 910) - Prohibits the federal government from regulating greenhouse gas emissions; thereby by preventing a needless increase in energy prices for American households and businesses. * Passed the House by a vote of 255-172 on April 7, 2011
 3) A Resolution of Disapproval Regarding FCC's Regulation (H.J. Res. 37)- Prevents the federal government from regulating the Internet and broadband providers * Passed the House by a vote of 240 to 179 on April 8, 2011
 4) Restarting American Offshore Leasing Now Act (H.R 1230)- Helps to reduce energy prices and promote job creation by expediting offshore oil and natural gas exploration in the Gulf of Mexico and the Virginia coast. * Passed the House by a vote of 266-149 on May 5, 2011
 5) Putting the Gulf of Mexico Back to Work Act (H.R. 1229)- Promotes job creation and reduces energy prices by reinstating oil drilling permits in the Gulf Coast. * Passed the House by a vote of 263-163 on May 11, 2011
 6) Reversing President Obama's Offshore Moratorium Act (H.R 1231)- Promotes lower energy costs and job creation by allowing drilling in at least 50 percent of the Outer Continental Shelf areas known to contain the most oil and gas. * Passed the House by a vote of 243-179 on May 12, 2011
 7) The Jobs and Energy Permitting Act H.R 2021)- Promotes job growth and reduces energy costs by expediting the process of obtaining an offshore drilling permit. * Passed the House by a vote of 255-166 on June 22, 2011
 8) The Clean Water Cooperative Federalism Act (H.R 2018) - Prevents the federal government from interfering with a state's water quality program once that state has already met existing federal standards; thereby eliminating needless red tape and tinkering by bureaucrats. * Passed the House by a vote of 239 to 184 on July 13, 2011
 9) The Consumer Financial Protection Safety and Soundness Improvement Act of 2011 (H.R. 1315)- Improves consumer protection and provides greater economic stability by allowing the Financial Stability Oversight Council to vote to set aside any harmful federal regulation. * Passed the House by a vote of 241-173 on July 21, 2011
 10) The North American-Made Energy Security Act (H.R. 1938)- Promotes job creation and energy security by ending the needless delay of the construction and operation of the Keystone XL pipeline. * Passed the House by a vote of 279-147 on July 26, 2011
 11) The Protecting Jobs From Government Interference Act (H.R. 2587) - Seeks to guarantee private companies the flexibility to develop their businesses in the state that offers the best opportunities for growth, job creation and stability. * Passed the House by a vote of 238-186 on September 15, 2011
 12) The Transparency in Regulatory Analysis of Impacts (TRAIN) Act (H.R. 2401) - establishes an interagency committee to evaluate the economic impacts of EPA regulations and delay the final dates for both the maximum achievable control technology (Utility MACT) standards and the cross-state air pollution rule (CSAPR) until the full impact has been studied. Both regulations would cost consumers and businesses $184 billion from 2011-2030 and would skyrocket electrical prices. * Passed the House by a vote of 249-169 on September 23, 2011
 13) The Cement Sector Regulatory Relief Act (H.R. 2681)- provides a stay of the EPA's overly burdensome rules and allows for the implementation of effective regulation that protects communities both environmentally and economically. * Passed the House by a vote of 262-161 on October 6, 2011 14) The EPA Regulatory Relief Act (H.R. 2250)- alleviates the excessive regulatory burden placed on employers by the EPA's Boiler MACT rules, potentially costing companies $14 billion and 224,000 American jobs, and replacing them with sensible, achievable rules that do not destroy jobs. * Passed the House by a vote of 275-142 on October 13, 2011
 15) The Coal Residuals Reuse and Management Act (H.R. 2273)- bipartisan legislation providing consistent, safe management of coal combustion residuals in a way that protects jobs and encourages recycling and beneficial use. * Passed the House by a vote of 276-144 on October 14, 2011.

Information courtesy of Office of Majority Whip, United States House of Representatives

Monday, September 5, 2011


America is facing a debt crisis that is unprecedented in our history. It hinders economic recovery, threatens our national security, and promises to limit freedom and opportunity for our children and grandchildren, while leaving them with a lower standard of living. It is not an exaggeration to say that, in many ways, Washington is engaged in an act of generational theft.

Let there be no mistake, we have a debt crisis because Washington spends too much, not because the American people are taxed too little. The federal budget continues to grow way beyond inflation and way beyond the family budget’s ability to pay for it. Left unchecked and unreformed over the course of the next generation, the size and scope of government will double. Time is running out to put the nation on a desperately-needed new fiscal path. We must quit spending money we do not have. We must quit borrowing 42 cents on the dollar, much of it from the Chinese, and sending the bill to our children and grandchildren.

Unfortunately, the Budget Control Act of 2011 by itself fails to accomplish this. Despite passage of this bill, we regrettably continue the pattern of borrowing money we do not have - and because of the president's unwillingness to truly cut spending - it represents a huge lost opportunity for our nation. Yet it contains one vitally important provision that caused me to support it, namely a provision compelling both houses of Congress to vote on a balanced budget amendment to the Constitution. In other words, the act contains the key to the ultimate solution to the nation's debt crisis. The act does not provide a guaranteed outcome to the vote, only a fighting chance for the American people to have their voices heard in what is perhaps the seminal debate of our time. The stakes could not be any higher for our nation and our future.

Every family in America has to balance their budget, as does every small business. In total, 46 of 50 states have some type of provision in law requiring a balanced budget. Shouldn't a great nation be expected to balance its budget? Maybe the absence of a balanced budget amendment is the primary reason we find ourselves $14 trillion in debt.

It has been 16 years since Congress last voted on a balanced budget amendment. It passed the House of Representatives, but failed by one vote in the Senate and thus was never sent to the states for ratification. Imagine where we would be today as a nation had we been successful then: debt free with a robust economy, plenty of jobs, and hope for the next generation. We must seize this moment, and the Budget Control Act of 2011 allows us to do just that. Without it, another 16 years may pass before Congress would act on its own to vote on a balanced budget amendment. We cannot wait that long. We cannot take that chance.

Tuesday, August 9, 2011


                                                           OBAMA'S FIRST....

1. First MULATTO President
2. First President to use a Teleprompter
3. First President to lose triple-A credit rating since 1941
4. First President to spend more time fundraising than working
5. First President to spend America to the brink of bankruptcy
6. Increased America’s debt by 35%.
7. Made the federal government the monopoly agency for student loans.
8. Increased unemployment by 18%.
9. Made the federal government co-owner of various industries
10. Violated the 10th Amendment to the US Constitution by exerting federal government over state’s rights. Sued States for invoking 10th amendment.
11. Largest increase in federal government in history.
12. Created a national health care system, modeled after the failing systems in Canada and Great Britain, and which creates nearly 100 new government agencies and programs.
13.Violated the US Constitution by requiring every American to purchase health insurance.
14. Established more socialist policies than any President in history.
15. Removed more citizen’s rights than any President in history.
16. Working to make 15 million illegal aliens US citizens in time to vote in 2012.
17. Trying to destroy the 2nd amendment

Monday, August 1, 2011

HARD FACTS on Debt Ceiling.....
BUDGET CONTROL ACT AMENDMENT
If Republicans led by Senate Majority leader Mitch McConnell fall for the deal with the Democrats aiming for bigger spending cuts in two separate deals and opt to raise the debt ceiling past 2012 election, it means spend now cut spending later. How do you know the next congress will go along with the cuts..what this congress does the next one can repeal it. The next President can refuse to sign any cuts.
I have perused the entire bill and below are a few of my observations..
1.  It is only 74 pages, every congress doesn't have an excuse not to read it.
2. A new Congress or the Current Congress members can change anything that is dated after 2012 .
3. Amendments to existing laws, means you have to read the existing law to know to compare to what is actually taking place.
4. The joint committee has equal membership for minority and the majority party in both chambers in effect until January 31 2012. In time for the election season.
5. Some items in the bill that seem to affect the standing rules of the senate, may not be considered constitutional.
6. The Balanced budget Amendment line here calls for a vote, from all indications it is going to be DOA in the Senate. It doesn't include the 2/3 trigger necessary for such an amendment to be accepted.
7. The most critical decision here will be the makeup of the Joint Committee, Those appointments will be where push will come to shove on who is best suited to be on Joint Committee.
Debt Ceiling bill is only 74 pages..Read below..

DEBT CEILING BILL
https://docs.google.com/document/pub?id=1-zuPMatE-ue6vO3o-ZjSgvWfz2Hn5TS8HrtVne9ZVco 
BE####
Today's discussions focus on triggers which would automatically impose cuts in programs near and dear to both party's hearts --
Medicare for the Democrats and Defense of the Republicans --
if the spending cuts are not realized. But these triggers mean next to nothing.
What a Congress passes, another Congress can repeal. One can easily see Congress not coming to agreement on the second wave of cuts and then passing a resolution to suspend the trigger-mandated cuts.
The blunt fact is that once the debt limit is raised until after the election, Obama can get out of town and not worry anymore. He won't make any cuts.
We'll get the cuts we are implementing right now -- about a trillion over ten years -- and no more. But there is a trigger which can work -- the budget itself. If the Continuing Resolution passed in the spring was battle one (which Obama won) and the debt limit was battle two (which the GOP has won), the budget for 2011-12 is battle three.
The Republicans should refuse to pass a budget but just pass a new Continuing Resolution funding the government through January 1, 2012. If the recommendations of the spending cut commission are not passed or some other cuts have not replaced them, the House should refuse to extend the Continuing Resolution and should trigger a government shutdown. The looming threat of a shutdown will terrify Obama and will force his hand just as the debt limit has done. We have gotten half a loaf in this current battle over the debt. Let's not disarm until we win the rest of it. What we haven't gotten in the debt deal, we can get in the budget deal. That's the trigger which will work. Read More: Dick Morris