Question on stimulus bill

#2
#2
If no Rs peel off/defect, the Rs apparently plan to filibuster.. shameful spending bill masquerading as the solution to all our ills...

Link from MarketWatch
The Senate has been working all week on the legislation to boost the U.S. economy, which has fallen into its deepest downturn in at least a generation. The House has already approved an $815 billion measure. The current Senate bill weighs in at more than $900 billion after several amendments were approved, including a provision that would give every home buyer up to $15,000.

Earlier Thursday, Reid said Democrats have enough votes to pass the bill as it is. But under Senate rules, at least a few Republicans would need to join with the Democrats to reach the 60-vote threshold to avoid a lengthy and potentially fatal filibuster.
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#3
#3
My point is with the reporting. I see article after article make some kind of implication that the Rs are needed to get this thing done. Obama plays the same game. Not sure where we stand with the MN senate deal or the numbers right now overall. But it does not seem they need the Rs. Maybe the need 1 or 2?
 
#4
#4
By that MarketWatch article, it looks like the Dems need 60 (even if MN is not seated yet).. not sure

The Rs have 41, not including the MN seat.... enough to force a filibuster if 60 is the threshold...
 
#5
#5
Has anyone from the R side mentioned a filibuster? I just see Obama and gang wanting people from the other side on board so they will not have to take the full blame of this failure.
 
#6
#6
exactly... that's why the Rs will filibuster.. they know better than to support this....

I hope!
 
#7
#7
What's the plan behind that $15k towards a house? I am currently a home owner. Can I get that and buy a condo or something? Buy a condo for like 100k and bam you got 15k free downpayment. Rent it out
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#8
#8
VolsNSkinsFan said:
What's the plan behind that $15k towards a house? I am currently a home owner. Can I get that and buy a condo or something? Buy a condo for like 100k and bam you got 15k free downpayment. Rent it out
Posted via VolNation Mobile
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Yep, you can use that to get some prime beachfront in Cuba, with the stipulation that you leave open a right of way for those who desire to flee the workers paradise.

Chinese investors will be using this option to buy up rental properties in Birmingham and Atlanta.

Forget about those little hydro-carbon thingies, think big baby.
 
#10
#10
jhen713 said:
If I heard correctly, there are about 10 conservitive Ds that are against the bill also. The Rs are asking that more than 200 billion of pork be cut out before they will consider voting for it.
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Thats a lot of pork.
 
#11
#11
VolsNSkinsFan said:
What's the plan behind that $15k towards a house? I am currently a home owner. Can I get that and buy a condo or something? Buy a condo for like 100k and bam you got 15k free downpayment. Rent it out
Posted via VolNation Mobile
Click to expand...

I believe I heard the up to $15 is for primary residence only. And I think the max is 10% or $15k so your $100k house would get you 10
 
#12
#12
just listen to Hussein whine about his bill being held up. this guy is a joke, whining little liberal baby.
 
#13
#13
utvolpj said:
I believe I heard the up to $15 is for primary residence only. And I think the max is 10% or $15k so your $100k house would get you 10
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I thought it was only for first time home buyers too. Is it for everybody that owns a home?
 
#15
#15
BigPapaVol said:
just new purchases I would assume. If it's for homeowners, it's simply retarded.
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Alot of the crap in this bill is retarded. I like the mix of some spending and tax cuts, but some of the pork is just insane.
 
#16
#16
rjd970 said:
Alot of the crap in this bill is retarded. I like the mix of some spending and tax cuts, but some of the pork is just insane.
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I don't like the mix. 100% tax cuts would mean no government intervention, thus ensuring a dramatically better use of the funds.
 
#18
#18
rjd970 said:
I disagree that it ensure's anything.
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anything beats our political decision making, regardless who's doing it. I am 100% confident in that assertion.

The less our lawmakers have control over funds, the less that will be pissed away.
 
#19
#19
BigPapaVol said:
anything beats our political decision making, regardless who's doing it. I am 100% confident in that assertion.

The less our lawmakers have control over funds, the less that will be pissed away.
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I agree to a point. But tax cuts alone are good for only long-term growth and short term injections to GDP, and generally don't do anything for deficits and debt. The increase in debt and deficit spending under the last 3 republican presidents is staggering.
 
#20
#20
rjd970 said:
I agree to a point. But tax cuts alone are good for only long-term growth and short term injections to GDP, and generally don't do anything for deficits and debt. The increase in debt and deficit spending under the last 3 republican presidents is staggering.
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But Debt to GDP has never been worse for it and has typically improved in those time periods. Wonder what that means?
 
#21
#21
BigPapaVol said:
But Debt to GDP has never been worse for it and has typically improved in those time periods. Wonder what that means?
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If the debt never gets paid down and GDP drops with natural economic cycles and recessions it means nothing, other than the fact that debt has increased.
 
#22
#22
rjd970 said:
If the debt never gets paid down and GDP drops with natural economic cycles it means nothing.
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but the debt only becomes burdensome at point at which we no longer generate enough tax revenues to easily support it. We haven't.

As long as we have purely self interested politicians in DC, the idea of paying down the national debt is purely a pipe dream.
 
#23
#23
BigPapaVol said:
but the debt only becomes burdensome at point at which we no longer generate enough tax revenues to easily support it. We haven't.

As long as we have purely self interested politicians in DC, the idea of paying down the national debt is purely a pipe dream.
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So are you saying deficits and debt don't matter? And that tax cuts produce the necessary revenue to pay for it? Really?
 
#24
#24
rjd970 said:
So are you saying deficits and debt don't matter? And that tax cuts produce the necessary revenue to pay for it? Really?
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clearly the tax cuts pay for themselves or you would see a debt to gdp spike.
 
#25
#25
rjd970 said:
So are you saying deficits and debt don't matter? And that tax cuts produce the necessary revenue to pay for it? Really?
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i'd argue the consequences of not doing a tax cut outweigh any concern over deficit spending. and i do agree with BPV that history has shown tax cuts end up paying for themselves through job creation and therefore increased tax revenue.
 
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