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SHUTDOWN AVERTED: Lawmakers Reach Spending Deal
Business Insider ^ | 12/15/2011 | Zeke Miller

Posted on 12/15/2011 8:54:48 PM PST by SeekAndFind

Congressional lawmakers reached an agreement late Thursday to avoid a government shutdown this weekend, Democratic and Republican leaders will push for a final vote on the $1 trillion spending bill on Friday morning — hours before much of the federal government would have been forced to turn out the lights.

The final bill removes several provisions of concern to President Barack Obama — including a measure to reinstate travel restrictions on Cuba, POLITICO reported. It also would ensure the Commodities Futures Trading Commission is fully funded next year.

But Democrats had to drop their opposition to a ban prohibiting the District of Columbia from funding abortions.

The bill does not include an extension of the payroll tax cut or of unemployment insurance benefits — both of which must be dealt with before the end of the year.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; Government
KEYWORDS: budget; donothingsenate; nobudget; shutdown; spending
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1 posted on 12/15/2011 8:54:53 PM PST by SeekAndFind
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To: SeekAndFind

Oh boy. Another ‘deal’ reached.


2 posted on 12/15/2011 8:56:31 PM PST by Utmost Certainty (Our Enemy, the State)
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To: SeekAndFind
You know -- we're going to have to raise the debt ceiling before the next election. Count on it.

And I expect the GOP to handle it badly, and I expect Obama to profit from our mistakes, and he will be re-elected.

It's what the political class wants.

3 posted on 12/15/2011 8:59:26 PM PST by ClearCase_guy (Nothing will change until after the war. It's coming.)
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To: SeekAndFind

Sounds like Reid caved. He was refusing to bring this up until the payroll tax was resolved.


4 posted on 12/15/2011 9:00:16 PM PST by SandyInSeattle (Smith & Wesson: The original point and click interface)
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To: SeekAndFind

Business as usual.


5 posted on 12/15/2011 9:00:23 PM PST by Huskrrrr
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To: SeekAndFind; SouthTexas
This is not good... The bill does not include an extension of the payroll tax cut
6 posted on 12/15/2011 9:03:22 PM PST by tubebender (I always wanted to be somebody, but now I realize I should have been more specific.)
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To: SeekAndFind

“The bill does not include an extension of the payroll tax cut or of unemployment insurance benefits — both of which must be dealt with before the end of the year.”

Why?


7 posted on 12/15/2011 9:06:27 PM PST by BobL ("Heartless" and "Inhumane" FReepers for Cain - we've HAD ENOUGH)
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To: SeekAndFind

How unexpected!


8 posted on 12/15/2011 9:07:37 PM PST by perfect_rovian_storm (Perry's idea of border control: Use both hands to welcome the illegals right in.)
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To: tubebender

The federal government is so bankrupt that it must raise taxes dramatically, and this is one easy way to nab dollars from the working poor. The feds also need to cut spending, but the Congress historically hasn’t exhibited much restraint. The key is to raise taxes so rapidly, viciously, and repeatedly that any remaining economic activity cannot move quickly enough to evade taxes. That policy of course will leave America an economic wasteland, but if combined with drastic spending cuts, it could end the crushing federal debt. After repaying the debt, the Congress then could restore economic freedom and lower taxes, provided of course that it also exhibits fiscal restraint almost never characteristic of the Congress.


9 posted on 12/15/2011 9:08:54 PM PST by dufekin (Name our lead enemy: Islamic Republic of Iran, Mahmoud Ahmadinejad, Islamofascist terrorist dictator)
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To: SeekAndFind

Are Republicans suppose to be happy and reward the GOP for spending yet another trillion?


10 posted on 12/15/2011 9:09:49 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: SeekAndFind

Whew, that was close! For a moment there, I thought we were going the way of Greece....


11 posted on 12/15/2011 9:10:37 PM PST by kevao
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To: ClearCase_guy

oh great, another debt ceiling debacle


12 posted on 12/15/2011 9:12:36 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: tubebender

>> This is not good...

I disagree. Unless folks are willing to forgo their SS benefits, they should be paying into the fund.


13 posted on 12/15/2011 9:17:19 PM PST by Gene Eric (Save a pretzel for the gas jets.)
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To: dufekin

I am not sure when these tax increases go into effect but my guess is Jan 1st? I pray that the folks who are still working don’t have to come up with additional taxes on April 15th...


14 posted on 12/15/2011 9:19:09 PM PST by tubebender (I always wanted to be somebody, but now I realize I should have been more specific.)
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OH WOW... does this mean that B.Hussein Obama and Michelle and kids all ride in the same plane to their 17 day Hawaiian vacation...poor Hussein he won't be able to smoke his ciggies with her around...how sad....
15 posted on 12/15/2011 9:22:29 PM PST by haircutter
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To: BobL

“The bill does not include an extension of the payroll tax cut or of unemployment insurance benefits — both of which must be dealt with before the end of the year.”

“Why?”

Because the GOP hasn’t caved yet on the Keystone pipeline. but not to worry they will.


16 posted on 12/15/2011 9:25:31 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: GeronL

A trillion here, a trillion there, pretty soon it adds up to real money.


17 posted on 12/15/2011 9:40:36 PM PST by pending (TODAY)
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To: SeekAndFind

YAY!

Oooops.. sorry guys, wrong pic...

There, fixed it...

18 posted on 12/15/2011 10:01:01 PM PST by douginthearmy (Still undecided.)
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To: SeekAndFind

Why is it these near “shutdowns” never seem to happen when Republicans are in the White House?


19 posted on 12/15/2011 10:13:32 PM PST by montag813
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To: ClearCase_guy

You are absolutely 100% correct. And it is damned sad.


20 posted on 12/15/2011 10:16:08 PM PST by RIghtwardHo
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To: ClearCase_guy

I really don’t understinkingstand WTF is going on. Where did the get a TRILLION DOLLARS. Is this ANOTHER stop gap measure, and if so, how long is it supposed to stop the gap? Help

A Trillion. Just Like That? emmmm what about that stuff about automatic cuts cus the SupperKommittee failed?

Really whats the use in having budgets if you can just conjure up a cool T every few weeks. (Boy I bet them Greeks are really pissed that they can’t print their own money anymore)

oh one more thing, cause I’m pretty sure it will be in the news in a few more stopgaps.....what comes after Trillion?


21 posted on 12/15/2011 11:16:16 PM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: douginthearmy

lollollol great pics!!!


22 posted on 12/15/2011 11:18:16 PM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: ClearCase_guy

My only hope is that the deadline is General Election Day 2012.

Let the bastard try to deal with that timing.


23 posted on 12/16/2011 12:14:53 AM PST by DoughtyOne (Why back in '88, Conservatives backed Gore in Texas. What Reagan revolution? What laegacy?)
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To: haircutter

Actually, it’s my understanding that she’s already in Hawaii.

The One will be able to smoke all that he wants.

They seem to be a two “vehicle” family, donchya know.


24 posted on 12/16/2011 12:40:02 AM PST by dixiechick2000 (Proud barbarian TEA Party SOB and an evil Capitalist.)
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To: Gene Eric

“Unless folks are willing to forgo their SS benefits, they should be paying into the fund.”

It has been my feeling...and that’s all it is...that they are purposely defunding SS and medicare.

No one mentions that medicare is part of the payroll tax.


25 posted on 12/16/2011 12:43:04 AM PST by dixiechick2000 (Proud barbarian TEA Party SOB and an evil Capitalist.)
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To: Utmost Certainty

The devil is in the fine print. The more pages to a bill the finer the print.


26 posted on 12/16/2011 1:09:50 AM PST by fella ("As it was before Noah, so shall it be again.")
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To: tubebender
...I pray that the folks who are still working don’t have to come up with additional taxes on April 15th...

But this isn't really a 'tax', it's just the worker's own money going into a locked box©, to be kept "safe" by the federal government, so that it is there when the worker retires. It's not a tax.. it's a retirement fund.

27 posted on 12/16/2011 1:26:18 AM PST by C210N (Dems: "We must tax you so that we can buy our votes")
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To: dixiechick2000
they are purposely defunding SS and medicare...

I agree totally, it's like the liberals and rinos are in cloward-piven hyperdrive. Oh, they've been doing this in a somewhat big way in all sorts of big federal programs over MANY years, before zer0 and his cabal today. But now, it's like they see the promised land so close, they want things to collapse sooner rather than later, not a drawn out thing we've been used to. They want it to collapse SOON so that it does so with these clowns we have now in power taking the reins rather than their cadres in some future "america".

So, removing funding for SS (payroll "tax"), removing $500 billion out of medicare, are ways to bankrupt these programs that THEY THEMSELVES PUT IN PLACE for the purpose of future collapse, are merely ways to have that collapse occur much sooner. I shudder to think when exactly they have in mind.

28 posted on 12/16/2011 1:33:47 AM PST by C210N (Dems: "We must tax you so that we can buy our votes")
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To: SeekAndFind

“A trillion dollars here, a trillion dollars there - - pretty soon you’re talking about real money.”


29 posted on 12/16/2011 1:51:57 AM PST by Lancey Howard
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To: SeekAndFind
Congressional lawmakers reached an agreement late Thursday to avoid a government shutdown this weekend, Democratic and Republican leaders will push for a final vote on the $1 trillion spending bill on Friday morning — hours before much of the federal government would have been forced to turn out the lights.

Whew. Word was, the civilians would all be placed on unpaid furlough, during which they could apply for unemployment benefits, and those of us in the military would have our leave cancelled (if we were taking it) and report to work. I'm glad.

But Democrats had to drop their opposition to a ban prohibiting the District of Columbia from funding abortions.

Oh, the horror of having to both save money and refrain from killing babies. The Democrats got hit with a double whammy!

30 posted on 12/16/2011 3:19:52 AM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: SeekAndFind

That’s too bad.


31 posted on 12/16/2011 3:54:36 AM PST by wastedyears (Not too long you devious little parathyroid. Soon I'll be rid of you and I'll be free.)
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To: C210N

Exactly why I’ll be applying for early SS benefits tomorrow. Get what I can while I can. I’ve decided to take what bennies I can while I continue to work full time.

The checks will start in March or April, and they will almost equal what I’ve been spending on groceries each month. Better than a kick in the teeth. (That comes later, I know.)


32 posted on 12/16/2011 4:47:43 AM PST by savedbygrace (But God.)
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To: SeekAndFind
Republican leaders will push for a final vote on the $1 trillion spending bill .....The bill does not include an extension of the payroll tax cut or of unemployment insurance benefits — both of which must be dealt with before the end of the year.

Spend, spend, spend. It's not their money, right? The tax slaves will reelect all of them again anyway. Why should they worry?

33 posted on 12/16/2011 4:58:48 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: sickoflibs
WHEEEEW !!!

crisis averted ping...

The bill does not include an extension of the payroll tax cut or of unemployment insurance benefits — both of which must be dealt with before the end of the year.

only 'spent' a cool tril and look, we even have cash leftover to cut payroll taxes of unemployment checks, win/win...

34 posted on 12/16/2011 5:03:17 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: Gilbo_3

I don’t fully understand. Shouldn’t the money printing presses have either broken down from overuse or run out of lubricant? All these politico-bozos do is print more money. STOP SPENDING, you oafs.


35 posted on 12/16/2011 5:08:24 AM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: hal ogen

silly hal, part of that trillion, in the fine print goes to the ACME lubricating company of wallah wallah washinton...


36 posted on 12/16/2011 5:10:10 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: SeekAndFind

another shutdown another day.

does anyone remember our government ever running like this before all this hope and change happened?

we run on a 3 month cycle now .. can we afford to pay the light bills or do we get shut off ..

unbelievable and the media love him .. nothing wrong with this picture


37 posted on 12/16/2011 5:13:20 AM PST by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: haircutter

>OH WOW... does this mean that B.Hussein Obama and Michelle and kids all ride in the same plane to their 17 day Hawaiian vacation...poor Hussein he won’t be able to smoke his ciggies with her around...how sad....<

‘Fraid not, she already left

http://www.washingtonpost.com/blogs/44/post/president-obama-to-stay-behind-while-michelle-obama-daughters-head-to-hawaii/2011/12/15/gIQACrLsvO_blog.html?wprss=44&tid=sm_twitter_postpolitics


38 posted on 12/16/2011 5:15:39 AM PST by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: Utmost Certainty
Oh boy. Another ‘deal’ reached.

A/K/A as "We have been screwed again". The reason the Democrats do not pass a budget is that it is more fun to rub the Republican's faces in shit every few months.

All they have to mention is "Shut down the Government" and the Republicn's bowels turn to water. The Republicans crap all over themselves.

39 posted on 12/16/2011 5:16:12 AM PST by sport
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To: dixiechick2000

>They seem to be a two “vehicle” family, donchya know.<

actually a three vehicle family .... the muslim won’t fly with the dog.

the dog has to get his own plane normally


40 posted on 12/16/2011 5:17:12 AM PST by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: dixiechick2000

Technically, “payroll tax” is understood to include them both, but they are separate, IIRC, given the ceiling on each is different. I could be wrong though.


41 posted on 12/16/2011 5:40:30 AM PST by PghBaldy (War Powers Res: http://avalon.law.yale.edu/20th_century/warpower.asp)
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To: Gilbo_3; SeekAndFind; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; ...
RE :” only ‘spent’ a cool tril and look, we even have cash leftover to cut payroll taxes of unemployment checks, win/win...

Not to break out the champagne but it looks like Obama and Dems caved in. They were threatening a shutdown to get the payroll/FICA/SS tax cut extensions and unemployment comp and appear to have given them both up. If this post is correct they must come back to the table to get those two.

Of course those two ARE popular voter give-aways (that cost a lot) which is why Obama is pushing them.

42 posted on 12/16/2011 5:44:12 AM PST by sickoflibs (You MUST pick the lesser of two RINOs or we all die!)
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To: savedbygrace

Same reasoning is why we did exactly as you posted also.


43 posted on 12/16/2011 5:52:29 AM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: sickoflibs
They were threatening a shutdown to get the payroll/FICA/SS tax cut extensions and unemployment comp and appear to have given them both up. If this post is correct they must come back to the table to get those two.

nah, just lets the servants have their 'holiday' break...

when they come back, right up to iowa primary, they can demagouge the unemployment payroll tax cuts and leverage that against keystone for a month or two of kabuki, keepin both in limbo until the next 'compromise'...

44 posted on 12/16/2011 5:54:44 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: SeekAndFind

Keystone? No mention.....


45 posted on 12/16/2011 5:58:05 AM PST by SW6906 (6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)
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To: tubebender

See tagline.


46 posted on 12/16/2011 6:01:47 AM PST by SouthTexas (You cannot bargain with the devil, shut the government down.)
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To: dufekin

Problem with raising taxes to cover budget deficit is that revenue is, in practice, no more than 20% of GDP. You just can’t squeeze more than that out of the economy. We’re at about 18% of GDP now, and would need about 40% to make it work. In other words, we can’t tax our way out of this hole.


47 posted on 12/16/2011 6:07:46 AM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: Gene Eric

“Unless folks are willing to forgo their SS benefits, they should be paying into the fund.”

Where can I opt out?


48 posted on 12/16/2011 6:13:06 AM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: Gilbo_3; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; NFHale; Impy; ...
RE :”when they come back, right up to iowa primary, they can demagouge the unemployment payroll tax cuts and leverage that against keystone for a month or two of kabuki, keepin both in limbo until the next ‘compromise’...

That is certainly Democrats plan: to keep the tax cuts for the ‘middle class’ (ie FICA/SS)paid for by ‘asking millionaires and billionaires to pay a little more’ debate raging until the election.

Democrats have a pretty good political argument there to appeal to the clueless voters even though there are serious flaws in it as a proposal. Rarely pointed out by Republicans is that Obama is lying when he claims HIS FICA tax cut proposal is 'fully paid for'. In fact I saw his press secretary on TV yesterday saying that paying for it was just something they threw out there to counter the deficit Republicans.(ie make them look like hypocrites.)

49 posted on 12/16/2011 6:20:35 AM PST by sickoflibs (You MUST pick the lesser of two RINOs or we all die!)
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To: sickoflibs
Rarely pointed out by Republicans is that Obama is lying when he claims HIS FICA tax cut proposal is 'fully paid for'.

they cant/wont because they know theyll end up 'compromising' and buying more IOUs so that they arent depicted as the badguys...all the while spending their mic time defending against being the bad guys...

its too divisive and nitpicky for the gop to be bothered with plainly stating that the FICA is part of the pyramid scheme...

i started linking the whole deal here as the 'unemployment check tax cuts' because i wonder how the math works for every dollar 'spent' vs what would be recovered in fica [supposdly] when the tax bill comes due...

circular gubmint dollars in the politics of two heads of the same coin that have become our false 'representation'...

but whatever ya do, DO NOT call for simply chopping off 90% of the beast, as too many people want their piece of that pie...

50 posted on 12/16/2011 6:33:26 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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