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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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