Monday, May 24, 2010

Democrat Progressive Spending - #1772 - Suddenly Dems Get Queasy at New Spending - Hot Air

With almost $200 billion in new spending coming up for votes in Congress this week — most of it violating the Pay-Go rule Democrats passed in an orgy of self-congratulation earlier this year — some members have suddenly wondered whether profligate spending is really such a good idea. Given the mood of the electorate at the moment, it’s not surprising that the skeptics include the very same Democrats that considered Pay-Go the height of fiscal responsibility, just before they began exempting themselves from it repeatedly. Like any addict, as the Washington Post notes a few paragraphs into the story, the Democrats just can’t see how to quit now — and for good reason (emphasis mine)  Read more.......
Oil Tax Increase Would Help Pay to Clean Up Spills - Breitbart Responding to the massive BP oil spill, Congress is getting ready to quadruple—to 32 cents a barrel—a tax on oil used to help finance cleanups. The increase would raise nearly $11 billion over the next decade.  The tax is levied on oil produced in the U.S. or imported from foreign countries. The revenue goes to a fund managed by the Coast Guard to help pay to clean up spills in waterways, such as the Gulf of Mexico.  The tax increase is part of a larger bill that has grown into a nearly $200 billion grab bag of unfinished business that lawmakers hope to complete before Memorial Day. The key provisions are a one-year extension of about 50 popular tax breaks that expired at the end of last year, and expanded unemployment benefits, including subsidies for health insurance, through the end of the year.  Read more........
The Next Bailout - $165B for Unions - Fox Business - A Democratic senator is introducing legislation for a bailout of troubled union pension funds. If passed, the bill could put another $165 billion in liabilities on the shoulders of American taxpayers.  The bill, which would put the Pension Benefit Guarantee Corporation behind struggling pensions for union workers, is being introduced by Senator Bob Casey, (D-Pa.), who says it will save jobs and help people.  Read more........
Teachers Seeks 23B Lifeline or Bailout? - Fox - Education Secretary Arne Duncan is asking lawmakers to put aside “politics and ideology” as they consider a request for $23 billion in “emergency” funding for public schools – a measure Republicans reject as a massive federal bailout for the teachers’ unions.  The Obama administration is supporting the bill, formally titled the Keep Our Educators Working Act and sponsored by Rep. George Miller (D-CA) and Sen. Tom Harkin (D-IA). In a letter to House Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) dated May 13, Duncan warned that if the bill is not enacted, “millions” of school children will be adversely affected and the ensuing damage will “undermine the groundbreaking reform efforts underway in states and districts all across the country.”  Read more.....

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