Example of your govt gone full retard

Discussion in 'Economics' started by Covertibility, Nov 2, 2011.

  1. Yesterday:

    U.S. House approves Forbes' bill reaffirming 'In God We Trust'

    The U.S. House approved Rep. Randy Forbes' bill to reaffirm "In God We Trust" as the national motto after supporters said Congress should affirm the country's religious roots and an opponent argued that the measure changes nothing and diverts emphasis from economic issues.

    "There are few things that Congress could do that are more important than passing this resolution," said Rep. Lamar Smith, R-Texas.

    "We must continue to affirm that God has a place in blessing our government, in guiding our lawmakers, and that he has the ability to lead our nation back to a path of righteousness and prosperity," said Rep. Paul Broun, R-Ga.



    Senators who oppose infrastructure spending are putting the rich’s interests first

    When the Senate votes later this week on Obama’s plan for new infrastructure spending to create jobs, Democratic aides expect that not a single Republican Senator will vote for it — because it’s paid for by a 0.7 percent surtax on income over $1,000,000 that would impact a tiny minority of Americans.


    Won't pass an infrastructure bill but o lawdy, gotta make sure In God We Trust is still the slogan. Heaven forbid we wake up and Banking with Buddha is now being printing on the currency. Drawing the prophet Mohammed........
  2. zdreg


    congress recognizes the dire shape that the US is in.
    they are asking god for a bailout.
  3. clacy


    With that title, I figured you would have posted this article about the transaction tax being brought up again................. BY DEMOCRATS of course.


    Two U.S. lawmakers will introduce measures to impose a transaction tax on financial firms that resembles a proposal released by the European Union.

    Senator Tom Harkin, an Iowa Democrat, and Representative Peter DeFazio, an Oregon Democrat, will introduce the bills tomorrow in their respective chambers. The bills will give the United States an increased role in the international debate over a transaction tax, which is likely to be discussed at the Group of 20 summit this week in Cannes, France.

    “It’s a significant way to raise some needed revenue,” Harkin said in an interview today in Washington. “Quite frankly, I bet nobody would even feel it.”

    The European Union in September proposed a financial- transaction tax that would take effect in 2014 and raise about $57 billion euros ($78 billion) a year. Germany and France have led a push for global implementation.

    The bills are unlikely to become law: Republicans, who have opposed transaction taxes in the past, control a majority in the House. President Barack Obama’s administration has also voiced concerns over the proposal and declined to give a direct endorsement in advance of the G-20 summit that opens Nov. 3.

    The chances a transaction tax could pass in the U.S. “are less than 50/50” primarily because of Republican opposition, Brian Gardner, senior vice president of research for Keefe, Bruyette & Woods Inc. in Washington, said in a Sept. 28 note to clients.

    U.S. exchange operators fell the most since August on the news that the lawmakers would propose the tax.
    Stocks Drop

    NYSE Euronext (NYX) declined 6.8 percent, the most since Aug. 18, to $24.76, while Nasdaq OMX Group Inc. (NDAQ) fell 2.8 percent to $24.36. CME Group Inc. (CME) slumped 8.6 percent to $251.88 in the biggest retreat since Aug. 10.

    The exchanges would be negatively affected by the tax because “volume will drop off,” Sam Ginzburg, a partner and head of capital markets at First New York Securities LLC, a New York-based proprietary trading firm, said today.

    “I shudder to think of the landscape of the market if this happens,” Ginzburg said.

    Harkin and DeFazio introduced similar proposals in recent years that fell short; the lawmakers expressed hope that the European proposals may increase support in the U.S. Congress.
    Lower Rate

    Harkin and DeFazio are proposing a lower rate for the U.S. While the EU proposal would apply a tax of 0.1 percent on trades of stocks and bonds, the U.S. tax would be “about three basis points” or 0.03 percent, Harkin said.

    “We’re simplifying it, looking at a lower rate and actually substantially mirroring the proposal in Europe,” DeFazio said in an interview.

    The lawmakers have the backing of union groups and associations that fought for tighter regulations in the wake of the 2008 financial crisis. The AFL-CIO and National Nurses United, a professional association and union for nurses, have scheduled a rally in front of the Treasury Department on Nov. 3 in support of the fee.

    Americans for Financial Reform, an umbrella group of unions, civil rights lawyers and consumer advocates, is circulating petitions in support of the measure.

    Obama administration officials support efforts to assess fees on financial firms that pose a risk to the larger economy; however, they oppose levying fees on ordinary investors.
    Retail Investors

    “We’re very much synched up with the goal of assuring that the largest financial institutions” bear the burden for risky investments, Lael Brainard, the Treasury undersecretary for international affairs, told reporters yesterday. The Obama administration has proposed a “financial crisis responsibility fee” to be paid by the largest banks, not retail investors.

    Bank trade groups like the Financial Services Forum and Securities Industry and Finan
  4. The mind is a terrible thing to waste... But it does make becoming a republican much easier once it's gone..

  5. "We must continue to affirm that God has a place in blessing our government,

    First off, I am a "man" of God. I believe that all my success in both music and business comes from one source. GOD. I have no Fear of the future as I know, that no matter what, I will be taken care of.

    However, for this "CONGRESS" to come with this nutty idea,is beyond blasphemous, it is down right bullshit.

    The FED GOV, including the "REP PARTY" are not only full of shit but they will never change. Both parties are in it to make shit tones of money on special perks and could careless about what happens to this country.


    But these silver tongue fools will sell their soul to the dark side all the while preaching that the US IS BLESSED.

    These fools have no idea that the US has separated its self from GOD, including their own "GOV. BODY".

    Hanging more "10 commandments", Crosses, and passing "HOLY BILLS" is nothing but material bullshit.

    GOD's relationship with man is evident and Man's relationship with GOD is personal. It is from the inner soul and mind that one builds their relationship with the higher power. NOT SOME FCUKING BILL!

  6. Arnie


    I'd much rather they pass shit like this than a new entitlement like ObamaCare or another "stimulus".

    No one will lose a job or liberty over this.
  7. I really don't believe term limits will make a difference. Keep your eyes open and look where politicians who leave office or get voted out end up, back in some political appointee patronage job where they can run things with no accountability which is even worse.

    A politician is a politician for life, they don't change careers because they are voted out or if we had term limits. Their political influence, even when voted out is how much cash they can raise for the party and of course their political capital of who owes whom.
  8. what does it say to the rest of the world when the most powerful country in the world puts on a debate about trusting in an imaginary deity? its a national embarrasment to thinking people.
    thinking people would chuck the whole thing and put "in reason we trust" as out motto.
  9. Lucrum


    You're the expert on THAT.
  10. Lucrum


    I agree
    #10     Nov 2, 2011