House Votes Spending Bill, Avoids Shutdown
The House voted a $1.1 trillion spending bill that avoids shutting down the government.
The 316-113 vote was as major victory for new House Speaker Paul Ryan, who secured the support of at least 150 Republicans. Ryan’s predecessor, John Boehner, rarely got that kind of backing from Republicans on a spending bill when ran the House.
The Senate is slated to vote on the measure later Friday before sending it to President Barack Obama, who is expected to sign it into law.
The bipartisan deal marks the first major fiscal package negotiated by Ryan, and the debate is a marked departure from previous spending fights that were full of drama right before the deadline and internal back-biting inside the House Republican conference.
But just like Boehner, Ryan needed some help from Democrats to pass the funding measure because of opposition from conservatives to spending levels and what some see as a surrender to House Minority Leader Nancy Pelosi on key policy riders.
Copyright 2015 Liberaland
26 responses to House Votes Spending Bill, Avoids Shutdown
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tracey marie December 18th, 2015 at 10:37
surrender…the enemy…sicialists. What the hell happened to the repubs that they think other Americans are the enemy.
Jimmy Fleck December 18th, 2015 at 16:56
Yeah – who would ever say something like “The Republicans are my enemy?” Surely no one in America would ever support someone that thought a major political party in the United States was their enemy right?
tracey marie December 18th, 2015 at 16:58
I agree, why you support the rwnj group is beyond me.
Jimmy Fleck December 18th, 2015 at 17:10
So you won’t be voting for Hillary if she is the Democratic Party nominee for President?
granpa.usthai December 19th, 2015 at 03:07
well, if God IS IN America, I’m certain that’s what He is thinking.
halfwayin December 18th, 2015 at 10:48
They did not de-fund PP and that made limp balls furious yesterday.
They did extend the tax breaks for wind and solar for five years and that will help investors who are betting on clean energy.
This was a debate between Pelosi and Ryan, and clearly Pelosi pulled his pants down and slapped his ass because the t-bagger agenda got nothing.
Budda December 18th, 2015 at 14:09
If it upset the t-baggers then it probably was an okay bill
granpa.usthai December 19th, 2015 at 03:05
good assumption, only, I’ll wait to see what the republiKons try to pull to wreck this and try to throw in their standard ‘trickle down’ voodoo economics.
Aldous Huxley December 18th, 2015 at 11:05
Debt is the number one threat to America. We need to focus on growing the economy, increase taxes and decrease spending, and stop wasting billions in the Middle East.
With this continued out of control spending Ryan shows himself to be a NeoCon big spender, and demonstrates once again the habits of Trotskyist socialist over-spending have stayed with NeoCons since their founding.
http://www.strike-the-root.com/neocons-and-progressives-one-big-family-of-aggressors-and-central-planners-with-delusions-of-grandeu
tracey marie December 18th, 2015 at 11:27
anarco/libertarians(STR)…no need for a government not even to build roads, the people who want or need a road will pool their money and build it themselves. hilarious
Aldous Huxley December 22nd, 2015 at 10:35
Absolutely I agree we need a government to build roads. Private turnpikes suck. Your fallacious ad hominems betray your hatefulness. sooo bitter.
rg9rts December 18th, 2015 at 11:37
Simple solution CLOSE THE LOOP HOLES
Aldous Huxley December 22nd, 2015 at 10:33
Closing the tax ‘loopholes’ the oligarchs wrote into law solves 1/4 of the deficit problem at most. Its a good start but first we have to take back Washington DC from the oligarchs who own both the establishment (R)’s and (D)’s or else they will simply continue to create more tax loopholes for themselves. So you better be voting against Hillary because she is a crony loopholer.
SteveD December 18th, 2015 at 15:14
‘Debt is the number one threat to America.’
The Conflict: I see, not a word about the dangerous and rising levels of private debt, so maybe I can safely assume you are a banker in search of further debt bondage victims? A growing economy absolutely requires a growing money supply, which can grow either through increases in public debt (the absolutely safest way) or by private debt increases (potentially unsustainable-as witnessed by the Great Recession.)
The Explanation: Do you actually know what federal debt is? Bank deposits! More correctly, federal debt is time deposit savings accounts at the Federal Reserve Bank. Savings accounts at banks present absolutely zero burden to you, your children or grandchildren. If you have a checking, savings or CD account at your local bank, then your bank is in debt to you. This is no different when discussing federal debt. If you hold debt at the Federal Reserve Bank, then the Federal Reserve Bank too is in debt to you, and will pay you interest on your INVESTMENT.
The Key Takeaway: The federal government needs no one else’s dollars because it can freely create all the dollars it wishes. (That is, up to the point of an uncontrollable inflation. By the way, the Fed has the primary tool to reduce too much inflation, by simply raising interest rates. This makes the dollar STRONGER. This method is much quicker than tax increases or spending cuts. So, where is all that inflation from our Trotskyist Socialist over-spendingrun amok government anyway? )
.
The Process:
1. Taxpayers are in no way involved with the Federal Reserve Bank debiting securities (savings) accounts and crediting reserve accounts of federal debt holders. This is the exact method by which federal debt is paid off, continuously. The Fed “paid off” bondholders (both marketable and non-marketable) over $60 trillion (right, with a T) in fiscal 2015. https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=a&fname=15093000.txt
2. Because of the laws relating to deficit spending (money creation), the federal government is required to sell debt and put those investment (debt) dollars into time deposit accounts where those dollars are NEVER SPENT. This hold on the money in those time deposit accounts is what allows Congress to safely spend in deficit. This is basically a dollar for dollar offset. These deficit dollars are injected into the economy and are rapidly spent. (A stimulus). The hold on debt dollars in time deposit accounts at the Federal Reserve Bank is what helps prevent to also prevent too much inflation .
Hope this helps.
Aldous Huxley December 22nd, 2015 at 11:35
Thank you for the thoughtful reply, sorry it has taken me a few days to get back to you.
‘Debt is the number one threat to America.’
“The Conflict: I see, not a word about the dangerous and rising levels of private debt…”
— Private debt is also part of the total problem but the main problem comes from public debt.
“… so maybe I can safely assume you are a banker in search of further debt bondage victims?”
–nonsense. If I were a banker I’ be selling debt as an ‘opportunity’ like you are trying to do.
“A growing economy absolutely requires a growing money supply, which can grow either through increases in public debt (the safest way) or by private debt increases (potentially unsustainable-as witnessed by the Great Recession.)”
–Agreed. A third way to grow the money supply is by ever expanding fiat currency (Quantitative Easing). And a fourth is by an increasing supply of commodity backed currency. In the old days we used gold and silver reserves to back the currency and many countries still do. But we need not limit the types of commodities used to back the currency – we can use registered quantities of oil, lumber, grain, or Iron ore to back the currency too. Current US policy uses a mixture of methods 1 and 3. I advocate for method #4b.
http://www.forbes.com/sites/johntamny/2014/03/09/the-fed-is-not-printing-money-its-doing-something-much-worse/
http://digitalcommons.usu.edu/cgi/viewcontent.cgi?article=2181&context=etd
“The Explanation: Do you actually know what federal debt is? Bank deposits! More correctly, federal debt is time deposit savings accounts at the Federal Reserve Bank. Savings accounts at banks present zero burden to you, your children or grandchildren.”
–Wrong! Interest payments! We pay interest on those debts. The interest we pay is taking away our ability to make investments in infrastructure, education, and business, that pay returns on investment – Interest doesn’t pay a return.
“If you have a checking, savings or CD account at your local bank, then your bank is in debt to you. This is no different when discussing federal debt. If you hold debt at the Federal Reserve Bank, then the Federal Reserve Bank too is in debt to you, and will pay you interest on your INVESTMENT.”
–duh.
“The Key Takeaway: The federal government needs no one else’s dollars…”
— so why does the government collect taxes then?
“… because it can freely create all the dollars it wishes. (That is, up to the point of an uncontrollable inflation. By the way, the Fed has the primary tool to reduce too much inflation, by simply raising interest rates.”
— Right, and we have been slowly suffering from uncontrollable inflation for decades. Its part of what is destroying the US middle class:
http://4.bp.blogspot.com/-YTyPGaEsBcw/T0Kd1nS9zJI/AAAAAAAABQw/MhD1cWnfJI8/s320/Purchasing%2BPower%2Bof%2BU.S.%2BDollar.jpg
http://www.shadowstats.com/imgs/2012/789/image022.gif
http://www.thoughtfulcynic.com/wp-content/uploads/sites/8/2015/05/CPI3.png
“This makes the dollar STRONGER. This method is much quicker than tax increases or spending cuts.”
–adjusting the interest rate only offsets the weakness in the dollar created by QE1 and QE2.
“So, where is all that inflation from our Trotskyist Socialist over-spending,run amok government anyway? ) ”
–right under your nose. see links above. duh.
.
“1. Taxpayers are in no way involved with the Federal Reserve Bank debiting securities (savings) accounts and crediting reserve accounts of federal debt holders.”
–wrong. We are on the hook to pay the INTEREST.
https://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
“This is the exact method by which federal debt is paid off, continuously. The Fed “paid off” bondholders (both marketable and non-marketable) over $60 trillion (right, with a T) in fiscal 2015.https://www.fms.treas.gov/fmsw…”
–According to your link new debt issuances outpaced redemptions by $326,546 million dollars in 2015 alone. the debt continued to grow. duh. It’s unsustainable.
“2. Because of the laws relating to deficit spending (money creation), the federal government is required to sell debt (Treasury Securities). The investment (debt) dollars are then placed into time deposit accounts at the Federal Reserve Bank where those dollars are NEVER SPENT. This hold on the money in those time deposit accounts is what allows Congress to safely spend in deficit. This is basically a dollar for dollar offset. The federal deficit dollars are then injected into the economy and are rapidly spent. (A stimulus/high velocity of money). The hold on debt dollars in time deposit accounts at the Federal Reserve Bank is what helps to prevent too much inflation .”
–irrelevant. its not working. inflation has continued.
“I’m assuming you got your clueless, fear mongering nonsense pertaining to “bank deposits at the Federal Reserve Bank” from this idiot?http://www.washingtonexaminer….”
–No I was aware of the threat long before he made this statements, but nevertheless he’s absolutely right.
mea_mark December 22nd, 2015 at 11:53
I read this last night. Thought you might find it interesting.
http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18?link=MW_popular
Aldous Huxley December 22nd, 2015 at 12:16
Very interesting. Thank you.
No derivatives aren’t money in any classic sense. It will be interesting to see if the derivatives shadow banking system helps smooth the boom-bust cycle or exacerbate it. No one knows. The elites are essentially experimenting on us all, with no elections and no accountability. Hope it works. Too late to stop it now.
mea_mark December 22nd, 2015 at 13:37
I just hope that isn’t a derivatives bubble that can go pop. That could be scary.
Aldous Huxley December 22nd, 2015 at 14:26
exactly.
SteveD December 22nd, 2015 at 21:12
You’re welcome.
Foundryman December 18th, 2015 at 17:27
Debt is the least of our problems. Infrastructure, education, environment and climate change not to mention finance reform and income inequality, they are all much more harmful to the future than any debt. People can live with debt, they can’t live without food, clean water and air to breathe. Debt will mean nothing if they can’t get to the jobs that are available, if the bridge is out or the power grid is down.
Aldous Huxley December 22nd, 2015 at 10:41
The interest we are paying on the debt is increasingly crippling our ability to deal with all these other problems: infrastructure decay, education, environment and climate change not to mention finance reform and income inequality.
Tell the Greeks or the Argentinians debt is not at threat.
rg9rts December 18th, 2015 at 11:37
How did we get screwed this time…the proof of the pudding is in the tasting..and anything gopee is usually revolting
jybarz December 18th, 2015 at 11:41
Republican fcktards’ never ending chicken games that they always lose.
Stooopid Repukes always like playing their BS games just wasting time and tax money.
Bernice Wicklund December 19th, 2015 at 03:26
I am getting a salary of more than 3700 dollars each week , that is awesome. Over a year ago I was in a horrible condition , jobless and Bank account with only few bucks . Thank one of my friends showed me a way where I was able to gather my self and making average of 85 d/h. So it can change your life as it has changed mine.
61….
rightdecisions.al6.de
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eyelashviper December 19th, 2015 at 10:24
And fringe wingers are in a snit, calling Ryan names far worse than RINO.
The cult at c4p are just apoplectic, as could be expected.