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Tue Jan 14, 2014, 08:51 AM

Dozens of trade-offs in $1.1 trillion budget bill

http://www.thenewstribune.com/2014/01/14/2992589/dozens-of-trade-offs-in-11-trillion.html

Dozens of trade-offs in $1.1 trillion budget bill
By ANDREW TAYLOR
Associated Press
January 14, 2014 Updated 10 minutes ago

WASHINGTON The sales job is on for a bipartisan $1.1 trillion spending bill that would pay for the operations of government through October and finally put to rest the bitter budget battles of last year.

The massive measure contains a dozens of trade-offs between Democrats and Republicans as it fleshes out the details of the budget deal that Congress passed last month. That pact gave relatively modest but much-sought relief to the Pentagon and domestic agencies after deep budget cuts last year.

~snip~

Democrats pleased with new money to educate preschoolers and build high-priority highway projects are likely to make up the difference even as Republican social conservatives fret about losing familiar battles over abortion policy.

The bill would avert spending cuts that threatened construction of new aircraft carriers and next-generation Joint Strike Fighters. It maintains rent subsidies for the poor, awards federal civilian and military workers a 1 percent raise and beefs up security at U.S. embassies across the globe. The Obama administration would be denied money to meet its full commitments to the International Monetary Fund but get much of the money it wanted to pay for implementation of the new health care law and the 2010 overhaul of financial regulations.



unhappycamper comment: Sweet!!1! We're still building the $40,000,000,000 USS Gerald R Ford & $247,000,000 F-35s.

I'm still having problems trying to wrap my head around quarter billion F-35s and 40 billion for a fucking ship, sans people, aircraft and common sense. .

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Reply Dozens of trade-offs in $1.1 trillion budget bill (Original post)
unhappycamper Jan 2014 OP
Potomac Oracle Jan 2014 #1

Response to unhappycamper (Original post)

Tue Jan 21, 2014, 12:58 PM

1. It's So Simple to Fund America If Only...

The guys at the very top of the food chain know they can spend without fear of going broke. It's only those dependent on wages who don't understand this. If only the masses understood and acted as if they understood monetary sovereignty. The startling outcome would be revolution forcing Congress to legislate appropriations which fund public purpose. All anyone need do is Google "Monetary Sovereignty"...To wit;

https://en.wikipedia.org/wiki/Monetary_sovereignty

"Incidence of monetary sovereignty:

Currently, nations such as the USA and Japan, which have autonomous central banks and borrow in their own currencies are said to exercise a high degree of monetary sovereignty. On the other hand, the European Union nations, have ceded much of their monetary sovereignty to the European Central Bank.

<b>Other monetarily non-sovereign entities</b>
There exist many monetarily non-sovereign entities: villages, cities, counties, states, businesses and individuals. None use their own sovereign currency, so having no sovereign they:

1. Do not have the unlimited ability to create their sovereign currency
2. Can run short of currency (unlike Monetarily Sovereign governments, which cannot run short of their sovereign currency)
3. Require income in order to pay their bills (unlike Monetarily Sovereign governments, which require no income). Thus, taxing, borrowing and austerity (deficit reduction) are not necessary, though for political reasons, a Monetarily Sovereign nation may borrow and levy taxes and enforce austerity."

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The U.S. levies Federal taxes to manage inflation, income distribution and to force acceptance of fiat currency. It does not tax to then spend. Proof...http://goo.gl/paGQBy

We can rant all we want about the Federal Government's spending Until we, as voters and tax payers force Congress to repeal debt ceiling legislation and regressive tax policy like the payroll tax we will always be at the dirty end of the legislative stick.

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