As I blogged about before, Senate Majority Leader Harry Reid and the Democrats are extremely frustrated with Tom Coburn. Since Coburn is blocking more than 80 of their big spending bills, they can’t appease their special interest cronies. So Reid has decided to create a 398-page, lard-stuffed, omnibus bill composed of more than 30 of those blocked bills. Preliminary estimates suggest that it authorizes over $11 billion in new spending...without any spending offsets. And it would create at least 36 new government programs.
One of those blocked bills is the Captive Primate Safety Act, which spends $17 million preventing the interstate sale of monkeys.
According to Rob Bluey at RedState.com:
Coburn said the bills included in Reid’s omnibus have virtually no requirements for accountability, making it impossible to measure their effectiveness. "If we send a billion dollars in one direction, how do we know we accomplish what we intended to do?" he asked. "They...
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Lawmakers reached a breakthrough on the Wall Street bailout around midnight Saturday night/Sunday morning, Senate Majority Leader Harry Reid said. An announcement is expected on Sunday.Liesman: Dems Blast GOP PlanKudlow: Paulson Plan a Win-Win... more
WASHINGTON (Reuters) - U.S. Senate Majority Leader Harry Reid Saturday said negotiators have made significant progress on a $700 billion Wall Street bailout package that lawmakers said is needed to keep the economy from falling deep into recession.
In remarks to the Senate during a rare Saturday session after congressional staff worked through the night to write legislative language, Reid said negotiators had about 15 issues still unresolved. The Nevada Democrat said he... more
As Chris Lien as said, the slick politicians use legislation to insert unrelated BS:
In a last-minute act of treachery, Senator Harry Reid (D-NV) has inserted a reauthorization of the moratorium on oil shale exploration into the Homeland Security appropriations bill.
According Senator Jim DeMint’s (R-SC) blog:
"We’ve just been alerted that despite House Democrats relenting on extending bans on offshore drilling and oil shale in the continuing resolution (CR... more
Meet Mike Huckabee, the Speech Police
Washington – Just in case there was any doubt about Mike Huckabee’s liberal policies, the Arkansas Governor told NPR on Wednesday that he would like to outlaw independent political speech in the public domain:
I personally wish that all of this were outlawed. I think that every candidate ought to speak for himself, and that everything that involves the candidate’s name or another candidate’s name should be authorized and approved by that candidate,... more
The Wrong Way to Go on Economic Stimulus
Washington – With the prospect of a recession looming in the not-so-distant future, both President Bush and the Democrats have embraced economic stimulus packages that include timely, targeted, and temporary so-called solutions. The trial balloons that have been floated so far, unfortunately, are likely to do little to stimulate the economy.
Consider the stated goals:
Timely: This is a nice sentiment, but it’s not going to happen. Congress... more
Rep. Jeb Hensarling, as president of the Republican Study Committee, seems to be a lone voice of supply-side reason on Capitol Hill. He’s speaking the correct message regarding the idea of an economic stimulus plan. Below is his press release. Note his boldness AND his clear, pro-growth solution to reigniting the economy [emphasis added]. Bravo, Congressman! Bravo, RSC!
“It is clear that hard working families in America are struggling to make ends meet and that the economy needs a ... more
THE DAILY NEWS
Back to the ’70s? - Larry Kudlow, Money Politics
We’re All Keynesians Now - Wall Street Journal Editorial
It’s All About Risk-Taking, Not Rebates - Paul Hoffmeister, RCM
Relief That Works - IBD Editorial
No Stimulus Gimmicks, Please - Bill Thomas & Alex Brill, WSJ
Responsible Stimulus Unlikely - Alan Bock, OC Register
Huck Hoax: Why He Won’t Break Out - Rich Lowry, Real Clear Politics
Dismal Science Sees Upbeat Future - Alex Tabarrok, Forbes.com
PODCAST: Don&r... more
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