Posted on 05/04/2012 1:17:05 PM PDT by ColdOne
House Majority Leader Eric Cantor (R-Va.) and House Minority Whip Steny Hoyer (D-Md.) are poised to unveil a tentative agreement for reauthorizing the Export-Import Bank.
The draft deal extends the life of the bank by three years and raises its overall lending capacity to $140 billion from $100 billion, sources said.
The outlines of the agreement are close to the goals put forward by the White House, the Senate Banking Committee and the U.S. Chamber of Commerce. Opponents of the bank, such as Heritage Action and the Club for Growth, are likely to fight fiercely against it.
The White House had sought a four-year extension, along with a $140 billion loan limit for the bank.
Cantor this spring countered with a one-year bill with a $113 billion limit, and has cited the skepticism of fiscal conservatives about the continued operation of the bank.
(Excerpt) Read more at thehill.com ...
Where the heck does a conservative like Eric Cantor think the EXTRA 30 BILLION dollars will come from?? Can't they cut back to 60 billion or maybe 30 billion? These are laons to other countries to buy American products - crony captitalism...Sarh call them out!! Hey STOP IT - stop trying to make one business better than another, Boeing does not need help selling airplanes.
I wonder how much money will be deposited in each of their accounts after this accord is reached?
I wonder how much money will be deposited in each of their accounts after this accord is reached?
So if I read this correctly, Chairman Zero wanted four years and $140,000,000,000 and Cantor, through his brilliant negotiation techniques and rock-ribbed commitment to fiscal conservatism, talked him all the way down to THREE years and $140,000,000,000.
Is it any wonder that so many of us are walking off the Grand Old Plantation?
Republican “leadership” are VERMIN. Every damn one of them.
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