Democrat Math - Reduce Deficit $138 Billion over 10 Year for ONLY $940 Billion.... Budget 2010 Reconciliation Act, Health Care Bill, Student Aid Act (111 HR 4872)... Man arrested in mall assault case... CBO Update... Lawmakers assail Obama Appointed Regulators over failure to catch accounting maneuver at Lehman... A tax lien from the IRS does not happen overnight.... Bill targets tax-delinquent federal workers... Crooked Democrats receive financial return on their Earmarks... US Under Terrorist Attack From Within... Business’ given Green Light to terminate current employees and hire new ones to gain tax credits....
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When the people fear the government, there is tyranny; When the government fears the people, there is liberty.  ~ Thomas Jefferson

 

Entries Tagged as 'Government Incompetence'

Democrat Math – Reduce Deficit $138 Billion over 10 Year for ONLY $940 Billion.

March 18th, 2010 · Accountability, Corruption, Deception, Democrats, Ethics, Federal Spending, Greed, Healthcare Industry, Insurance Industry, Money Lost, Non-Transparency, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Terrorist Attack, Treason

“The cost of expanding coverage would exceed $200 billion a year by 2019, the CBO said. But new revenue in the package, combined with savings from program cuts, would outpace the cost of coverage, reducing the federal deficit by $138 billion over the next 10 years.”

  • This measure would make insurance available to an estimated 95 percent of non-elderly citizens by dramatically expanding Medicaid.
  •  The program would be paid for by slicing nearly $500 billion from Medicare and other federal health programs.

 

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Budget 2010 Reconciliation Act, Health Care Bill, Student Aid Act (111 HR 4872)

March 18th, 2010 · Congress, Democrats, Federal Spending, Government Control, Greed, Selling Out the US, Terrorism from Within, Terrorist Attack, Treason

  1. Reconciliation Act of 2010(FY2010 Budget)
  2. Affordable Health Choices Act of 2009  (111 S 1679) 10/17/2009
  3. America’s Affordable Health Choices Act of 2009 (111 HR 3200) 07/14/2009
  4. Student Aid and Fiscal Responsibility Act of 2009 (111 HR 3221) 07/15/2009

Document are available for download in PDF format.

Authenticated by the United States Government Printing Office

  • 2010-03-17 111 HR-4872-RH (Reported in House)
  • 2010-03-17 111 HR-4872-HRPT 111-443-1 (House Report)
  • 2010-03-17 111 HR-4872-HRPT 111-443-2 (House Report)
  • Reference:

     

    CBO Estimates: H.R. 4872, Reconciliation Act

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    Lawmakers assail Obama Appointed Regulators over failure to catch accounting maneuver at Lehman

    March 18th, 2010 · Accountability, Banking Industry, Congress, Deception, Federal Spending, Government Control, Greed, Money Lost, Non-Transparency, Obama Nominees, Tax Dollars, Taxes

    By Neil Irwin and Zachary A. Goldfarb Washington Post Staff Writer
    Thursday, March 18, 2010

    A week after the disclosure that Lehman Brothers used an unconventional accounting technique to make its balance sheet look stronger than it was in the months before its collapse, lawmakers Wednesday attacked the federal regulators who failed to detect and halt the practice.

    The head of the Securities and Exchange Commission accepted primary responsibility on behalf of her agency for shortcomings in its oversight of Lehman at a congressional hearing. And at a separate hearing, Federal Reserve Chairman Ben S. Bernanke faced tough questions on why Fed examiners monitoring Lehman in spring 2008 failed to catch the accounting tactics, which helped the bank hide $50 billion in liabilities from its quarterly reports.

    The scrutiny from lawmakers comes as both agencies try to fend off attacks in the debate over how to remake the nation’s system of financial regulation and shows how the Fed’s extraordinary efforts to shore up the economy have exposed it to wider criticism of its performance.

    The SEC oversaw Lehman Brothers and other investment banks under a voluntary regulatory program that the agency’s chairman, Mary Schapiro, said was “terribly flawed in design and execution.” Testifying before the House Appropriations Committee, she blamed the agency’s failure on “our enforcement and disclosure mentality,” which focused more on whether a firm was adhering to securities law than whether it was financially sound. She said the agency lacked the staff and skills to do the job.

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    Bill targets tax-delinquent federal workers

    March 18th, 2010 · Accountability, Government, Tax Dollars, Taxes

    By Joe Davidson – Thursday, March 18, 2010

    A congressional panel heard testimony Wednesday on legislation that would allow federal employees to be fired if they don’t pay their taxes. As you might expect, much of the talk was about tax policy and the merits and practical implications of the bill.

    But enveloping the grand Rayburn House Office Building hearing room, where large portraits of congressional committee chairmen looked down on the proceedings, was an unfriendly atmosphere that contrasted with the sometimes-forced comity among the elected officials. That mood is being fueled, Rep. Gerald E. Connolly (D-Va.) noted in a prepared statement, by “ongoing rhetoric that demonizes civil service and civil servants.”

    The environment for federal workers seems to have become increasingly unkind, and the legislation only adds to that perception. The bill, introduced by Rep. Jason Chaffetz (R-Utah), would require the government to fire staffers if the Internal Revenue Service places a tax lien on them. A lien also would kill a job applicant’s chance of being hired.

    The measure probably won’t get far, with the majority Democrats on the House Oversight and Government Reform panel apparently opposed to the measure. But it does contribute to the increased skepticism federal workers face, along with recent newspaper articles that question their salaries and Rep. Joe L. Barton’s (R-Tex.) attempt to get the names of those in certain agencies who are paid more than $100,000 annually.

    Certainly, everyone agrees all taxpayers should pay what they owe. And the average citizen might understandably be angry with federal workers who are paid with tax dollars but who willfully don’t pay their fair share in return.

    The legislation, however, would treat federal workers more harshly than other taxpayers (or tax dodgers), even though federal ethics regulations already allow the employees to be disciplined if they become scofflaws.

    “Despite their dedication to advancing the nation’s interests, federal employees continue to serve as a punching bag for the press,” Richard J. Oppedisano, national secretary of the Federal Managers Association, said at the hearing. “And with the economic downturn, this mentality has crept its way onto Capitol Hill.”

    With members of his organization sitting in the audience, Oppedisano lamented the “fed-bashing fire,” which he said seems to be spreading. “It is our belief that federal employees should be held to the same standards as the rest of the American population, receiving no special treatment while also avoiding the bull’s-eye that so often falls on their backs.”

    The problem with the Chaffetz bill, said Rep. Stephen F. Lynch (D-Mass.), who chaired the hearing of the subcommittee on the federal, Postal Service and the District of Columbia, is that a lien amounts to an accusation, not a conviction. Yet the punishment would be imposed.

    “Of course, it may be argued that the federal employee may challenge the validity and amount of the lien from her place in the unemployment line after her termination, if she has sufficient resources to do so,” he said. “However, the unemployed federal worker is put at a marked disadvantage and has far less opportunity to challenge the IRS decision than is afforded to individual taxpayers generally.”

    Chaffetz said he was not out to punish those who were working with the IRS to resolve their tax problems. “If someone does the right thing, I will bend over backwards to help them,” he said. “It’s the people who are cheating the system who I want to fire.”

    One out of the five witnesses agreed with him. Christopher S. Rizek, a Washington tax lawyer who has worked with the Chaffetz campaign, probably spoke for many when he said, “It is doubly insulting to millions of hardworking and compliant taxpayers when federal employees cheat. . . . They are ‘double-dipping’ in the worst sort of way.”

    But Connolly said that the bill presumes federal workers guilty until proven innocent and that the IRS already garnishes the wages of federal workers who owe taxes. Firing them would only make it harder for Uncle Sam to collect on the debt.

    The legislation has the “sole benefit,” he said, “of scoring political points at federal employees’ expense.”

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    US Under Terrorist Attack From Within

    March 17th, 2010 · Congress, Corruption, Deception, Democrats, Government Control, Greed, Non-Transparency, Selling Out the US, Terrorism from Within, Terrorist Attack

    House Democrats’ tactic for health-care bill is debated

    By Amy GoldsteinWashington Post Staff Writer
    Wednesday, March 17, 2010

    An obscure parliamentary maneuver favored by House Speaker Nancy Pelosi (D-Calif.) suddenly ignited Tuesday as the latest tinder in the year-long partisan strife over reshaping the nation’s health-care system, triggering debate over the strategy’s legitimacy and political wisdom.

    Republicans condemned Pelosi’s idea — in which House members would make a final decision on broad health-care changes without voting directly on the Senate version of the bill — as an abuse of the legislative process.

    House Minority Leader John A. Boehner (R-Ohio) called it “the ultimate in Washington power grabs.” Pelosi shot back: “I didn’t hear any of that ferocity when the Republicans used this, perhaps, hundreds of times.”

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    Business’ given Green Light to terminate current employees and hire new ones to gain tax credits.

    March 17th, 2010 · Accountability, Congress, Corruption, Deception, Democrats, Ethics, Federal Spending, Government Control, Greed, Non-Transparency, Obama's Scheme, Selling Out the US, Social Security, Tax Dollars, Taxes, Terrorism from Within, Treason, Unemployment

    Senate clears jobs bill for Obama’s desk

    Updated 11:29 a.m.  By Ben Pershing

    The Senate cleared an $18 billion jobs bill for President Obama’s signature Wednesday, a down payment on what Democrats hope will be a significant election-year investment in boosting the economy.

    The measure passed 68-29, with 11 Republicans joining all but one Democrat present — Sen. Ben Nelson (Neb.) — in support. The bill had already passed the Senate once but the House tweaked it, requiring the second Senate vote before it could go to the White House. President Obama has praised the legislation in the past and plans to sign it.

    Though relatively small compared to last year’s economic stimulus package, the measure represents the first clear legislative shot in months aimed squarely at persistent unemployment, and a rare bipartistan achievement from a Congress plagued by partisan squabbling. After getting bogged down in the health-care debate, Democrats are eager to pivot to the economy, which polls regularly identify as Americans’ most pressing concern.

    “The beauty of this bill: It’s simple, it’s focused on private-sector job growth and it’s paid-for,” said Sen. Charles Schumer (D-N.Y.), a co-author of the measure. “It’s modest, but … it’s almost a legislative dream.”

    The centerpiece of the bill is a new program giving companies a break from paying Social Security taxes for the remainder of 2010 on any new workers they hire who had been unemployed for at least 60 days. Employers would also get a $1,000 tax credit for each of those workers who stays on the payroll for at least one year.

    Aside from that program, the measure includes a one-year extension of the law governing federal transportation funding, and would transfer $20 billion into the highway trust fund. The bill also extends a tax break allowing companies to write off equipment purchases, and expands the Build America Bonds program, which helps state and local governments secure financing for infrastructure projects.

    Some critics have questioned whether the package approved Wednesday is big enough to make a dent in the nation’s persistent unemployment problem, arguing that the new payroll tax break is unlikely to spur much new hiring that wouldn’t have otherwise occurred.

    Separately, many Republicans suggest the bill uses accounting sleight of hand to make the measure appear budget-neutral.

    This isn’t so much a jobs bill as it is a debt bill,” complained Sen. Judd Gregg (R-N.H.).

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    More Reform, Same Corrupt Government – Dodd’s Financial Regulation

    March 16th, 2010 · Corruption, Deception, Democrats, Ethics, Federal Spending, Government Control, Non-Transparency, Selling Out the US, Senate, Terrorism from Within

    Concessions on financial reform bill yield few gains in Senate

    By Brady Dennis Washington Post Staff Writer
    Tuesday, March 16, 2010

    Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate banking committee, introduced a revised bill on Monday to overhaul financial regulation that included compromises forged with Republicans in recent months but fell short of winning endorsement from conservatives, including members in his own party.

    Even though Dodd whittled the scope of his initial November bill to address concerns that the proposals could give government too heavy a hand in the financial markets, it remains unclear whether he can find the votes to shepherd the legislation through the Senate.

    “Our regulatory structure, constructed in a piecemeal fashion over many decades, remains hopelessly inadequate,” Dodd said at a news conference. “There hasn’t been financial reform on the scale that I’m proposing this afternoon since the 1930s. . . . It is certainly time to act.”

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    House Dems may try to pass Senate health-care bill without voting on it

    March 16th, 2010 · Corruption, Deception, Democrats, Ethics, Government Control, Healthcare Industry, House, Insurance Industry, Selling Out the US, Terrorism from Within

    By Lori Montgomery and Paul Kane Washington Post Staff Writers
    Tuesday, March 16, 2010

    After laying the groundwork for a decisive vote this week on the Senate’s health-care bill, House Speaker Nancy Pelosi suggested Monday that she might attempt to pass the measure without having members vote on it.

    Instead, Pelosi (D-Calif.) would rely on a procedural sleight of hand: The House would vote on a more popular package of fixes to the Senate bill; under the House rule for that vote, passage would signify that lawmakers “deem” the health-care bill to be passed.

    The tactic — known as a “self-executing rule” or a “deem and pass” — has been commonly used, although never to pass legislation as momentous as the $875 billion health-care bill. It is one of three options that Pelosi said she is considering for a late-week House vote, but she added that she prefers it because it would politically protect lawmakers who are reluctant to publicly support the measure.

    “It’s more insider and process-oriented than most people want to know,” the speaker said in a roundtable discussion with bloggers Monday. “But I like it,” she said, “because people don’t have to vote on the Senate bill.”

    Republicans quickly condemned the strategy, framing it as an effort to avoid responsibility for passing the legislation, and some suggested that Pelosi’s plan would be unconstitutional.

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    Nancy Pelosi’s strategy for passing health-care reform

    March 15th, 2010 · Deception, Democrats, Ethics, Government Control, House, Non-Transparency, Terrorism from Within

    “My biggest fight has been between those who wanted to do something incremental and those who wanted to do something comprehensive,” Nancy Pelosi said in a meeting with reporters this morning. “We won that fight, and once we kick through this door, there’ll be more legislation to follow.”

    Easier said than done, as anyone who’s been watching this process knows. Democrats have been on the verge of passing health-care reform for many months now, but for all the doors they’ve kicked in, they’ve found more doors waiting on the other side. But today, Pelosi made her clearest statements yet on how she means to finish this bill. The issue is how to sequence the Senate health bill, which the House doesn’t like, with the package of fixes (including, Pelosi said, the elimination of the Nebraska and Florida deals, the delay of the excise tax, more affordability and oversight provisions and more funding of community health centers), which the House does like. There are a number of procedural options on the table, but today, Pelosi said that she favors the “deem and pass” strategy.

    Here’s how that will work: Rather than passing the Senate bill and then passing the fixes, the House will pass the fixes under a rule that says the House “deems” the Senate bill passed after the House passes the fixes.

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    Curbing earmarks: Even with new restrictions, for-profits get paid. Dems mislead to save thier jobs.

    March 15th, 2010 · Congress, Corruption, Deception, Democrats, Ethics, Federal Spending, Greed, Money Lost, Non-Transparency, Tax Dollars, Terrorism from Within, Wisconsin

    By R. Jeffrey Smith Washington Post Staff Writer
    Monday, March 15, 2010

    Twice in recent years, House Appropriations Committee Chairman David R. Obey (D-Wis.) helped obtain earmarks totaling $3.2 million for a home-state university to study how to make military jet fuel from plants. Standing behind that nonprofit work, however, is a for-profit Chicago firm that often partners with universities to reap part of their earmark benefits.

    Similar collaborations between private companies and nonprofits will pose tricky questions under a policy intended to end earmarks to profit-making firms, which Obey helped shepherd through the House Democratic caucus last week. That new rule was widely touted as a crackdown, but in reality it could leave untouched almost 90 percent of typical earmarks.

    The reason is that, like Obey’s earmarks, most of the billions of dollars in earmarks approved by Congress each year involve handing out funds to state or local agencies or to nonprofit institutions, which then dole out part of the money to private contractors.

    As a result, the new Democratic rule, and a proposal by House Republicans to stop all earmarks for one year, are unlikely to significantly curb Washington’s booming earmark industry, experts said. Steve Ellis of Taxpayers for Common Sense, a nonprofit that has criticized earmarking, called the new limits important but compared them to “squeezing a balloon.” Without more comprehensive restraints, he said, the money flow could simply move to new pathways.

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