Posts Tagged ‘government shutdown’

I love it when politicians get into a pissing match. While we Americans sit and suffer, they decide how much money of ours they will steal and spend misappropriately.

Dems: $4 trillion dollars

Reps: No no $2 trillion dollars

Paul Ryan: All of you are insane, here is a budget from 2 years ago, when it was only in billions.

Both Parties: Are you insane?!

I am glad Obama will veto it. These budget extensions are Bullsh-t! Let’s come to an agreement and get it done. The democrats failed to do this which was thier job during election time. And republicans don’t want to do it after all the lies they made (I mean campaign promises) and look like the spenders they now are. I say let the US government shutdown. The country will probably be able to function properly without Big Brother, DAD, Big Sister, MOM, and Uncle Sam constantly making decisions for us and breathing down our necks.

Y’know when we were teenagers, we were all dying to get the hell out of the house. Now, it seems when it comes the government to take place of our parents and WORSE! We beg for it!

Obama threatens to veto GOP budget extension plan

AP

By ANDREW TAYLOR, Associated Press Andrew Taylor, Associated Press 18 mins ago

WASHINGTON – House Republicans advanced a bill Thursday that would avoid a government shutdown for one more week, cut spending and fully fund the Pentagon, but the White House labeled the measure a distraction and said President Barack Obama would veto it.

Obama said in a statement he believes “we need to put politics aside and work out our differences” on a spending plan that covers the government through September, when the current budget year ends.

The president has signed two short-term extensions, but negotiations have proceeded fitfully.

The veto threat marked a sour turn in talks that Obama, House Speaker John Boehner and Senate Majority Leader Harry Reid said Wednesday night were showing promise.

With a partial shutdown looming for Friday at midnight, it was not clear whether it represented a breakdown in the negotiation or a final round of maneuvering before a deal was struck.

Obama called Reid, D-Nev., and Boehner, R-Ohio, back to the White House for more talks Thursday afternoon.

Before departing the Capitol, Boehner urged the House to pass legislation to cut $12 billion, fund the Pentagon through the end of the year and keep the government running for a week.

“There is absolutely no policy reason for the Senate to not follow the House in taking these responsible steps to support our troops and to keep our government open,” he said.

Boehner accused the White House of backsliding, adding that there hadn’t been as much progress as it appeared after the late-night meeting Wednesday.

“It’s really just more of the same. We’re going to have real spending cuts. I don’t know what some people don’t understand about this,” he said.

Reid said otherwise, although he, too, made it clear he wants to avoid a shutdown that the White House says would cause problems for combat troops overseas and delay Internal Revenue Service refunds for taxpayers at home.

“The issue is ideology, not numbers,” he said.

More here:

http://news.yahoo.com/s/ap/20110407/ap_on_re_us/us_spending_showdown

As Republicans and Democrats continue their battle of dick measuring here is a detailed Q & A of how you are going to be shafted by Federal Times.com

What a shutdown would mean for you

With no agreement yet in Congress on how to fund agencies after the continuing resolution expires March 4, the threat of a government shutdown appears likely. The Federal Times staff researched your questions about how pay, annuities, benefits, facilities, technology and contract work would be handled during a shutdown. Here’s what we found out:

Q: What happens when the shutdown begins?

A: You’ll probably have to go into your office briefly Monday, March 7 (or earlier if you work on the weekend) to receive your instructions. If you’re an “excepted” employee, you’ll keep working. If not, go home and wait for further instructions.

Pay and benefits

Read rest of article at link

Federal Times research by Sarah Chacko, Nicole Blake Johnson, STEPHEN LOSEY, Andy Medici and Sean Reilly

http://www.federaltimes.com/article/20110228/AGENCY01/102280301/1009/ACQUISITION

Congress looking to shutdown come March 4th, which is a Friday. Beautiful isn’t it? How it perfectly lines up with the stock market closing at the same time. So this way if you don’t know what the Fed Gov’t is going to do you can’t take your money out because the market is closed and come Monday when it reopens BOOM!. Stocks are note a result of people wanting to invest in companies they believe in and in return get a cut of the profits, as intended. It is now instead an emotional rollercoaster and zero sum game for financiers and the sheep who play. The DJIA goes up and down on whatever makes news, no longer matters if the economy is good or bad, or the companies are in good shape or not. It is based on how much can we leverage on a company before we shift money into our bank accounts. A simple “pump and dump”. Do yourselves a favor and prepare.

Paul Craig Roberts: A Government Shut-down Imperils the Power of Congress

February 27th, 2011 by stacyherbert

Congress should think twice before forcing a government shutdown as the consequences could be the loss of the power of Congress to control spending through authorization and appropriation bills.

Congress permitted President George W. Bush to accumulate new powers in the executive, and these powers have passed to Obama. Bush succeeded in establishing that as a wartime commander-in-chief he had the “inherent power” to disobey the laws against torture, spying on Americans without obtaining warrants, and indefinite detention. In addition, Bush used signing statements in ways inconsistent with his oath and obligation to uphold the laws of the United States, and he took the U.S. to war based on lies, deception, and fabricated “evidence,” an offense that qualifies as treason.

With these precedents, it is a simple matter for President Obama to declare that, with the U.S. at war in a world of growing instability, he has the inherent power to ignore the debt limit and to continue financing the government with the creation of new money by the Federal Reserve.

Congress could try to protect its loss of the power of the purse by impeaching Obama. But how credible would it be to impeach a wartime president who is using the same “inherent power” of his office that Congress permitted the previous president to use?

The powers that Bush asserted not only violated statutory law, but also set aside constitutionally guaranteed rights that are the essence of American liberty. Yet, Congress made no attempt to restrain him with impeachment. How then does Congress impeach a president who is merely using his power to keep a government at war operating?

As President Bush’s acts were not deemed impeachable offenses, it seems likely that Congress has lost its power to impeach through default

http://maxkeiser.com/2011/02/27/paul-craig-roberts-a-government-shut-down-imperils-the-power-of-congress/

Marc Faber an independant economist has been known for his not so sunny views of the American and Worldwide marketplace. Here are a couple videos to keep the rain clouds near.