No one wants to do the right thing: massively cut government and government spending. For instance the cost of the Inflation Reduction Act started out as a little over $300 billion to being rescored this past week to be over $1 Trillion.
What is eff’n wrong with these morons?
Spending a trillion dollars (It will be higher) that we do not have requires US dollars to be printed because no nation wants to buy out debt. Many countries are selling our debt. More dollars in the economy chasing the same or fewer goods cause inflation. The Fed in turn increases interest rates, which devalues assets, namely bonds, which are held by banks. The Federal government and the Federal Reserve are intentionally killing banks. The elite get to buy the profitable bank assets when a bank fails and the taxpayers get stuck with the ALL of the losses.
It’s not just the Inflation Reduction Act either. It’s the Infrastructure bill. It’s the Omnibus bill and more. All of these end up being more expensive than enacted - substantially more expensive.
Eff’n McCarthy and House Republican pussies response is H.R. 2811 Limit, Save and Grow Act. This increases the debt limit. It doesn’t save a dime, and it grows government.
There is no debt limit when each time it is approached, Republicans increase the limit.
Savings only occur when you have revenue that exceeds spending.
A spending cut only occurs when you spend less next year than this year.
We have economic mental midgets running the country. Republicans have no clue how to negotiate. They are about to have their asses handed to them by a diaper wearing, dementia ridden imbecile.
SECTION 1. SHORT TITLE.
This Act may be cited as the “Limit, Save, Grow Act of 2023”.
SEC. 2. TABLE OF CONTENTS.
The table of contents for this Act is as follows:
Sec. 1. Short title.
Sec. 2. Table of contents.
Sec. 3. References.
DIVISION A—LIMIT FEDERAL SPENDING
TITLE I—DISCRETIONARY SPENDING LIMITS FOR DISCRETIONARY CATEGORY
Sec. 101. Discretionary spending limits.
DIVISION B—SAVE TAXPAYER DOLLARS
TITLE I—RESCISSION OF UNOBLIGATED FUNDS
Sec. 201. Rescission of unobligated coronavirus funds.
Sec. 202. Rescission of Inflation Reduction Act funds.
TITLE II—PROHIBIT UNFAIR STUDENT LOAN GIVEAWAYS
Sec. 211. Nullification of certain executive actions and rules relating to Federal student loans.
Sec. 212. Limitation on authority of Secretary to propose or issue regulations and executive actions.
TITLE III—REPEAL MARKET DISTORTING GREEN TAX CREDITS
Sec. 221. Amendment of 1986 Code.
Sec. 222. Modification of credit for electricity produced from certain renewable resources.
Sec. 223. Modification of energy credit.
Sec. 224. Repeal of increase in energy credit for solar and wind facilities placed in service in connection with low-income communities.
Sec. 225. Zero-emission nuclear power production credit repealed.
Sec. 226. Repeal of sustainable aviation fuel credit.
Sec. 227. Clean hydrogen repeals.
Sec. 228. Nonbusiness energy property credit.
Sec. 229. Residential clean energy credit reverted to credit for residential energy efficient property.
Sec. 230. Energy efficient commercial buildings deduction.
Sec. 231. Modifications to new energy efficient home credit.
Sec. 232. Clean vehicle credit.
Sec. 233. Repeal of credit for previously-owned clean vehicles.
Sec. 234. Repeal of credit for qualified commercial clean vehicles.
Sec. 235. Alternative fuel refueling property credit.
Sec. 236. Advanced energy project credit extension reversed.
Sec. 237. Repeal of advanced manufacturing production credit.
Sec. 238. Repeal of clean electricity production credit.
Sec. 239. Repeal of clean electricity investment credit.
Sec. 240. Cost recovery for qualified facilities, qualified property, and energy storage technology removed.
Sec. 241. Repeal of clean fuel production credit.
Sec. 242. Repeal of sections relating to elective payment for energy property and electricity produced from certain renewable resources; transfer of credits.
Sec. 243. Transition rule.
TITLE IV—FAMILY AND SMALL BUSINESS TAXPAYER PROTECTION
Sec. 251. Rescission of certain balances made available to the Internal Revenue Service.
DIVISION C—GROW THE ECONOMY
TITLE I—TEMPORARY ASSISTANCE TO NEEDY FAMILIES
Sec. 301. Recalibration of the caseload reduction credit.
Sec. 302. Eliminating excess maintenance of effort spending in determining caseload reduction credit.
Sec. 303. Elimination of small checks scheme.
Sec. 304. Reporting of work outcomes.
Sec. 305. Effective date.
TITLE II—SNAP EXEMPTIONS
Sec. 311. Age-related exemption from work requirement to receive SNAP.
Sec. 312. Rule of construction for exemption adjustment.
Sec. 313. Supplemental nutrition assistance program under the Food and Nutrition Act of 2008.
TITLE III—COMMUNITY ENGAGEMENT REQUIREMENT FOR APPLICABLE INDIVIDUALS
Sec. 321. Community engagement requirement for applicable individuals.
TITLE IV—REGULATIONS FROM THE EXECUTIVE IN NEED OF SCRUTINY
Sec. 331. Short title.
Sec. 332. Purpose.
Sec. 333. Congressional review of agency rulemaking.
Sec. 334. Budgetary effects of rules subject to section 802 of title 5, United States Code.
Sec. 335. Government Accountability Office study of rules.
DIVISION D—H.R. 1, THE LOWER ENERGY COSTS ACT
TITLE I—INCREASING AMERICAN ENERGY PRODUCTION, EXPORTS, INFRASTRUCTURE, AND CRITICAL MINERALS PROCESSING
Sec. 10001. Securing America’s critical minerals supply.
Sec. 10002. Protecting American energy production.
Sec. 10003. Researching Efficient Federal Improvements for Necessary Energy Refining.
Sec. 10004. Promoting cross-border energy infrastructure.
Sec. 10005. Sense of Congress expressing disapproval of the revocation of the Presidential permit for the Keystone XL pipeline.
Sec. 10006. Sense of Congress opposing restrictions on the export of crude oil or other petroleum products.
Sec. 10007. Unlocking our domestic LNG potential.
Sec. 10008. Sense of Congress expressing disapproval of the denial of Jordan Cove permits.
Sec. 10009. Promoting interagency coordination for review of natural gas pipelines.
Sec. 10010. Interim hazardous waste permits for critical energy resource facilities.
Sec. 10011. Flexible air permits for critical energy resource facilities.
Sec. 10012. National security or energy security waivers to produce critical energy resources.
Sec. 10013. Natural gas tax repeal.
Sec. 10014. Repeal of greenhouse gas reduction fund.
Sec. 10015. Ending future delays in chemical substance review for critical energy resources.
Sec. 10016. Keeping America’s refineries operating.
Sec. 10017. Homeowner energy freedom.
Sec. 10018. Study.
Sec. 10019. State primary enforcement responsibility.
Sec. 10020. Use of index-based pricing in acquisition of petroleum products for the SPR.
Sec. 10021. Prohibition on certain exports.
Sec. 10022. Sense of Congress expressing disapproval of the proposed tax hikes on the oil and natural gas industry in the President’s fiscal year 2024 budget request.
Sec. 10023. Domestic Energy Independence report.
Sec. 10024. GAO study.
Sec. 10025. Gas kitchen ranges and ovens.
TITLE II—TRANSPARENCY, ACCOUNTABILITY, PERMITTING, AND PRODUCTION OF AMERICAN RESOURCES
Sec. 20001. Short title.
Subtitle A—Onshore And Offshore Leasing And Oversight
Sec. 20101. Onshore oil and gas leasing.
Sec. 20102. Lease reinstatement.
Sec. 20103. Protested lease sales.
Sec. 20104. Suspension of operations.
Sec. 20105. Administrative protest process reform.
Sec. 20106. Leasing and permitting transparency.
Sec. 20107. Offshore oil and gas leasing.
Sec. 20108. Five-year plan for offshore oil and gas leasing.
Sec. 20109. Geothermal leasing.
Sec. 20110. Leasing for certain qualified coal applications.
Sec. 20111. Future coal leasing.
Sec. 20112. Staff planning report.
Sec. 20113. Prohibition on Chinese communist party ownership interest.
Sec. 20114. Effect on other law.
Sec. 20115. Requirement for GAO report on wind energy impacts.
Sec. 20116. Sense of Congress on wind energy development supply chain.
Sec. 20117. Sense of Congress on oil and gas royalty rates.
Sec. 20118. Offshore wind environmental review process study.
Sec. 20119. GAO report on wind energy impacts.
Subtitle B—Permitting Streamlining
Sec. 20201. Definitions.
Sec. 20202. BUILDER Act.
Sec. 20203. Codification of National Environmental Policy Act regulations.
Sec. 20204. Non-major Federal actions.
Sec. 20205. No net loss determination for existing rights-of-way.
Sec. 20206. Determination of National Environmental Policy Act adequacy.
Sec. 20207. Determination regarding rights-of-way.
Sec. 20208. Terms of rights-of-way.
Sec. 20209. Funding to process permits and develop information technology.
Sec. 20210. Offshore geological and geophysical survey licensing.
Sec. 20211. Deferral of applications for permits to drill.
Sec. 20212. Processing and terms of applications for permits to drill.
Sec. 20213. Amendments to the Energy Policy Act of 2005.
Sec. 20214. Access to Federal energy resources from non-Federal surface estate.
Sec. 20215. Scope of environmental reviews for oil and gas leases.
Sec. 20216. Expediting approval of gathering lines.
Sec. 20217. Lease sale litigation.
Sec. 20218. Limitation on claims.
Sec. 20219. Government Accountability Office report on permits to drill.
Sec. 20220. E–NEPA.
Sec. 20221. Limitations on claims.
Sec. 20222. One Federal decision for pipelines.
Sec. 20223. Exemption of certain wildfire mitigation activities from certain environmental requirements.
Sec. 20224. Vegetation management, facility inspection, and operation and maintenance relating to electric transmission and distribution facility rights of way.
Sec. 20225. Categorical exclusion for electric utility lines rights-of-way.
Sec. 20226. Staffing plans.
Subtitle C—Permitting For Mining Needs
Sec. 20301. Definitions.
Sec. 20302. Minerals supply chain and reliability.
Sec. 20303. Federal register process improvement.
Sec. 20304. Designation of mining as a covered sector for Federal permitting improvement purposes.
Sec. 20305. Treatment of actions under presidential determination 2022–11 for Federal permitting improvement purposes.
Sec. 20306. Notice for mineral exploration activities with limited surface disturbance.
Sec. 20307. Use of mining claims for ancillary activities.
Sec. 20308. Ensuring consideration of uranium as a critical mineral.
Sec. 20309. Barring foreign bad actors from operating on Federal lands.
Sec. 20310. Permit process for projects relating to extraction, recovery, or processing of critical materials.
Sec. 20311. National strategy to re-shore mineral supply chains.
Subtitle D—Federal Land Use Planning
Sec. 20401. Federal land use planning and withdrawals.
Sec. 20402. Prohibitions on delay of mineral development of certain Federal land.
Sec. 20403. Definitions.
Subtitle E—Ensuring Competitiveness On Federal Lands
Sec. 20501. Incentivizing domestic production.
Subtitle F—Energy Revenue Sharing
Sec. 20601. Gulf of Mexico Outer Continental Shelf revenue.
Sec. 20602. Parity in offshore wind revenue sharing.
Sec. 20603. Elimination of administrative fee under the Mineral Leasing Act.
Sec. 20604. Sunset.
TITLE III—WATER QUALITY CERTIFICATION AND ENERGY PROJECT IMPROVEMENT
Sec. 30001. Short title.
Sec. 30002. Certification.
Sec. 30003. Federal general permits.
DIVISION E—INCREASE IN DEBT LIMIT
Sec. 40001. Limited suspension of debt ceiling.
https://www.congress.gov/bill/118th-congress/house-bill/2811/text