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Senate Dems Plan To Push New Spending To Add $400 Billion To $15 Trillion Deficitů
Weasel Zippers ^ | 11/23/2011 | Weasel Zippers

Posted on 11/23/2011 10:53:33 AM PST by Qbert

In other words, they’re going to waste everyone’s time.

(The Hill) – After failing to reach a deal to reduce the deficit, the Senate will move next month to take up legislation that could add more than $400 billion to the deficit.

All of the proposals, such as the extension of the payroll tax cut and unemployment insurance, are popular but come with no agreement on how to pay for them.

Senate Democrats will go on offense next week by forcing Republicans to vote on extending and expanding the payroll tax cut, which accounts for $240 billion of the tab, according to Democratic and Republican aides. Lawmakers will take up the legislation after completing work on the Defense authorization bill.

Keep reading…


TOPICS: Government; News/Current Events
KEYWORDS: democrats; payrolltax; spending; supercommittee
The Dems, gleefully enslaving your kids and grandkids to the Chinese...
1 posted on 11/23/2011 10:53:35 AM PST by Qbert
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To: Qbert

We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.~Winston Churchill (1874-1965)


2 posted on 11/23/2011 11:00:51 AM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: Qbert

Actually the Chinese got smart and stopped buying our debt. The only real buyer of US debt right now is the Federal Reserve. So we are essentially borrowing the money from ourselves....


3 posted on 11/23/2011 11:03:09 AM PST by Kozak ("It's not an Election it's a Restraining Order" .....PJ O'Rourke)
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To: Qbert

That’s balls! I actually marvel at the enemy’s self-assertiveness.


4 posted on 11/23/2011 11:15:17 AM PST by sanjuanbob (Festina Lente)
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To: Qbert

Best prepare for hyperinflation; ain’t nobody going to stop it now.

But I guess that’s been the plan all along.


5 posted on 11/23/2011 11:42:28 AM PST by MichaelCorleone (Stop feeding the beast; if they don't say "Merry Christmas", don't buy.)
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To: Kozak

“Actually the Chinese got smart and stopped buying our debt. The only real buyer of US debt right now is the Federal Reserve. So we are essentially borrowing the money from ourselves....”

So if we defaulted, we would be no worse off because regardless we cannot pay it back.


6 posted on 11/23/2011 11:49:55 AM PST by EQAndyBuzz (To fix government, we need a rocket scientist. Oh, wait we have one!)
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To: MichaelCorleone

Hyper inflation will come when the fed starts monetizing the debt, buying it back with greenbacks. Those IOUs in the trust funds will be the beginning...The bonds used to redeem worthless housing bond paper, when bought back, will seal the deal.


7 posted on 11/23/2011 11:53:35 AM PST by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: EQAndyBuzz

Well, not so much. Right now, the USD is the world reserve currency and we can buy all the imports we want on the cuff since everything is priced in dollars and we just print what we need. If we screw the pooch and default, that will end, and we will have to actually pay for all our imports with something that has value. THATS gonna hurt.


8 posted on 11/23/2011 12:21:13 PM PST by Kozak ("It's not an Election it's a Restraining Order" .....PJ O'Rourke)
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To: Qbert
...payroll tax cut, which accounts for $240 billion of the tab...

Tax cuts are NOT a cost (especially when you are leaving them as they are). Spending IS a cost.

9 posted on 11/23/2011 1:02:06 PM PST by SunTzuWu
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