Wednesday, October 16, 2013

The unreal reality of that debt deal

Earlier in the day, Breitbart obtained a copy of the Senate's debt limit bill:
Breitbart: Breitbart News has obtained a legislative summary of the provisions in the Senate deal to reopen government and extend the debt ceiling. Breitbart News has also obtained a copy of the legislative text. Currently, Senate staff are able to review the summary and legislative text in the Senate cloakroom, but aren't allowed to retain a copy or make it public.

As expected, the deal provides full back-pay for furloughed federal workers who haven't been at work for two weeks. It also provides back-pay, though, for state government workers who were furloughed because their work is supported by federal grants.
Furthermore, Levin reported more troubling insight about this so-called deal:
On Wednesday's Mark Levin Show: The Senate votes to approve the debt ceiling deal that reopens the government. The bill they passed includes many earmarks and further limits Congress' future power when it comes to setting spending limits. Everything we have been told has been a lie from the establishment and anybody that goes along with them has chosen to surrender rather than fight with conservatives. Why is it so hard for John Boehner and Mitch McConnell to stand with the American people on this? We have a system that's not working, a health care system that is going to put the country further in debt, and yet the Republicans have no problem caving in.
Here's additional details about how that deal weakens the legislative branch, relinquishing more power to the executive...
Breitbart: Capitol Hill talk regarding the Senate deal apparently includes a provision that would take away the Congress’ power to increase the debt ceiling. According to Politico, it looks like the buzz appears to be true:
The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.
Meanwhile, the debt will continue to balloon as Obamacare destroys more lives...
...and the screw job is nearly complete (see next blog post).

Related links: Senate Proposal To Re-Open Government Includes Payout To Lautenberg Widow
UNREAL: Senate Deal Changes Rules For Future Debt Ceiling Increases, Congress Would Need Two-Thirds Majority To Stop Obama From Raising Borrowing Limit
Kentucky Kickback: Senate Budget Deal Includes $3 Billion For Dam Project In McConnell’s Home State
McConnell-Reid Deal Includes $3 Billion Earmark for Kentucky Project
The Deal That’s No Deal

ADDENDUM: Oh yeah, and there's this...
WashingtonExaminer: The U.S. debt, which has jumped 55 percent under President Obama, is now so high that if working Americans had to pay their full share, the bill would be over $123,000, according to a new Harvard University Institute of Politics study of the nation’s empty bank accounts.
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