Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 12/15/2010 12:56:03 PM PST by SmithL
The Senate is voting now to pass, overwhelmingly, the $858 billion compromise between President Obama and congressional Republicans on taxes and unemployment insurance.
California's Democratic Sens. Dianne Feinstein and Barbara Boxer support the bill, but Feinstein warned of deep cuts ahead in an impassioned, extemporaneous speech on the eve of the vote.
She said the Senate needs to immediately "pivot" to debt reduction, citing her experience as mayor of San Francisco in proposing cost-cutting to wake up the public about the threat.
Feinstein said she worried about the vote over last weekend, and didn't like the reduction in the estate tax and other tax cuts for the wealthy. But she said she called economists and found "a double-edged sword."
The economists told her the bill, including the tax cuts, the unemployment extension, payroll tax cut and other provisions, would stimulate the economy by adding anywhere between 0.6 to 1.2 percentage points to GDP growth. She said they translated that to 600,000 to 1.2 million jobs.
The flip side, she said, is "we are now reaching 63 percent of GDP in debt, and what will happen is one day if this continues we will just go off a cliff economically."
She recalled the financial crash of '08, when Fed chief Bernanke and Treasury Secretary Hank Paulson got on a conference call with her and other Senators warning that the economy was on the brink of utter collapse.
"I never thought this could ever happen in America," Feinstein said. "Now I know that the unprecedented can in fact happen in America. When we vote on a package that puts almost $1 trillion in addition to the debt and deficit we had better have a way to make a p
(Excerpt) Read more at sfgate.com ...
But she will vote to pass the 1.27 TRILLION DOLLAR Omnibus Appropriations Bill, right?
Another piece of work that deserves a “deep river” send off.
*****She said the Senate needs to immediately “pivot” to debt reduction, ... ****
And I repeat....They knew this before the election, that the outer parts of the onion were going to be peeled off..... which is why it was important for our side to win ONLY the House this time around.
O-Ram-a-Down the throat-Care, was originally created as a bail out, Vampire-Care style. But to force their foot in the door, came too many bribes (eg Nebraska) and now numerous exemptions.
Who introduced a tax cut bill? I missed it. Last I heard there was only no change or an increase on the table.
Isn’t it hilarious that Rats never worry about the deficit when they SPEND the money, but only worry about it when they want to RAISE taxes afterward?
Rambo’s View — Dianne Feinstein’s $4 billion earmark for Beverly Hills
OpinionJournal.com | September 7, 2007 | KIMBERLEY A. STRASSEL
Posted on 09/06/2007 10:20:15 PM PDT by gpapa
http://www.freerepublic.com/focus/news/1892401/posts
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.