GOP wins first budget skirmish, bigger fight looms

[FUZO]

In 2 weeks we will get alot more cuts




Republicans won an early round Wednesday in their fight to shrink the government, pushing $4 billion in spending cuts through Congress in a bill that puts off the possibility of a for two weeks.
Largely a spectator so far, President Barack Obama dispatched his vice president to initiate negotiations on a broader, longer-term spending bill and find "common ground" with determined to cut tens of billions of dollars more and undo much of his agenda.
He conceded in advance that any deal on a government budget covering the next seven months will feature cuts, not just the long-term freeze he proposed last month.
The Senate cleared the temporary spending measure by an overwhelming 91-9 vote after the House passed it with a large bipartisan vote Tuesday. Obama signed it Wednesday afternoon.
After initially being rejected last week by Senate Majority Leader Harry Reid, D-Nev., the two-week cuts written by House Republicans shot through the with minimal opposition on the right and left.

[JsJs24]

Re: GOP wins first budget skirmish, bigger fight looms

This is getting to be ridiculous. These pathetic politicians still haven't come up with the budget for fiscal 2011 and we are already several months in. As for cutting the deficit spending, they are not making a dent. The Republicans are trying but the Dems are not willing to agree to anything much. Still, even if they cut 10s of billions of dollars, it is merely a dent in the massive budget Obama has proposed. They need to cut hundreds of billions out. I would think 50% is very feasible, but it won't happen. Mark my words, our country will go bankrupt eventually at this rate of spending. It cannot go on forever like this. We are not immune to bankruptcy. And we are also not immune to hyperinflation, though I think double digit is all we will see in the near term. I suspect close to 20% real inflation is coming. Of course, going off the worthless CPI (consumer price index) will not show that, but it excludes the things that matter, such as food and oil. Ignore the CPI and look at real tangible products, notably commodity price increases to see what type of inflation we are really experiencing. Gold and Silver are on fire. Silver is just under $34 an ounce, and several month ago it was only $19 per ounce. That shows how poorly the dollar is performing. All other commodities are up significantly as well. The dollar is being destroyed. It almost seems like they are intentionally trying to bankrupt our currency. The budget battle is mere politics, and will do nothing to remedy the mess they have created. They being the Federal Reserve and past and current administrations. Now that oil is skyrocketing we can expect another recession to his soon. I think it will be before summer's end, or a lot sooner if gas prices continue at the current rate. If Saudi Arabia has civil unrest like the rest of the Arab countries then gas will most likely see the same $140 per barrel as it did in 2008. That will cause defaults on auto loans, credit cards, home mortgages, etc. This will lead to the second dip in the double dip recession economists have worried about. However, I don't believe we ever came out of the first recession. They use the GDP as an indicator for recessions, but any real economist who has half a brain knows that GDP is manipulated in the government's favor. Unemployment has remained steady while inflation continues to climb, thus resulting in stagflation. That is what we are looking at, and stagflation is not good at all. So on with the budget they work, but it will result in meaningless cuts that will have no positive effect on our economy. Tens of billions mean nothing on a one trillion plus deficit, and a 14 trillion dollar debt.

[bowbow]

Re: GOP wins first budget skirmish, bigger fight looms

This is getting to be ridiculous. These pathetic politicians still haven't come up with the budget for fiscal 2011 and we are already several months in. As for cutting the deficit spending, they are not making a dent. The Republicans are trying but the Dems are not willing to agree to anything much. Still, even if they cut 10s of billions of dollars, it is merely a dent in the massive budget Obama has proposed. They need to cut hundreds of billions out. I would think 50% is very feasible, but it won't happen. Mark my words, our country will go bankrupt eventually at this rate of spending. It cannot go on forever like this. We are not immune to bankruptcy. And we are also not immune to hyperinflation, though I think double digit is all we will see in the near term. I suspect close to 20% real inflation is coming. Of course, going off the worthless CPI (consumer price index) will not show that, but it excludes the things that matter, such as food and oil. Ignore the CPI and look at real tangible products, notably commodity price increases to see what type of inflation we are really experiencing. Gold and Silver are on fire. Silver is just under $34 an ounce, and several month ago it was only $19 per ounce. That shows how poorly the dollar is performing. All other commodities are up significantly as well. The dollar is being destroyed. It almost seems like they are intentionally trying to bankrupt our currency. The budget battle is mere politics, and will do nothing to remedy the mess they have created. They being the Federal Reserve and past and current administrations. Now that oil is skyrocketing we can expect another recession to his soon. I think it will be before summer's end, or a lot sooner if gas prices continue at the current rate. If Saudi Arabia has civil unrest like the rest of the Arab countries then gas will most likely see the same $140 per barrel as it did in 2008. That will cause defaults on auto loans, credit cards, home mortgages, etc. This will lead to the second dip in the double dip recession economists have worried about. However, I don't believe we ever came out of the first recession. They use the GDP as an indicator for recessions, but any real economist who has half a brain knows that GDP is manipulated in the government's favor. Unemployment has remained steady while inflation continues to climb, thus resulting in stagflation. That is what we are looking at, and stagflation is not good at all. So on with the budget they work, but it will result in meaningless cuts that will have no positive effect on our economy. Tens of billions mean nothing on a one trillion plus deficit, and a 14 trillion dollar debt.

I agree with everything you said. It's going to get bad around here.

[FUZO]

Re: GOP wins first budget skirmish, bigger fight looms

yes jsjs dead on and this is why I think a Impeacment should happen soon. This scum bag president is killing our great country

[JsJs24]

Re: GOP wins first budget skirmish, bigger fight looms

yes jsjs dead on and this is why I think a Impeacment should happen soon. This scum bag president is killing our great country

I can think of many reasons for an impeachment, but it will not happen. The President used bribery to acquire the auto companies and banks. Article 2 Section 4 of the Constitution reads "The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors." But the Constitution means nothing these days, and impeachment is nearly impossible, unless it's a Republican, such was Nixon.

It is unconstitutional for the President and his Attorney General, Eric Holder, to bring a suit against the state of AZ by the United Nations World Court. Amendment XI of the Constitution reads "The Judicial power of the United States shall not be construed to extend to any suit in law or equity, commenced or prosecuted against one of the United States by Citizens of another State, or by Citizens or Subjects of any Foreign State." Thus, it is unconstitutional for the Judicial power of the U.S. to be extended to any foreign state.