And... it is all Bush's fault, right?

The real battle is DECENTRALIZING the federal beast and having four branches of gov't again. Two parties wouldn't hurt.

I generally agree too. Was just being sarcastic. What i don't agree with is interest rates remaining low. They have to rise. It will be slow if we work out of the recession slowly over time and will be sudden if we try to finish the back end of recession recovery fast.

We will get the figurative separated branches if we start respecting each others' rights to differing opinions and stop the infantile bickering and name calling.

HA !

YOU Are naïve,,,,

never gonna happen and has never happened ,,,

wheel,

No Robert it is not. Unless, see below.....

According to my 9th grade Civics class spending legislation must originate in the House. In order for that legislation to make it to the Senate it must receive a majority vote of at least 218 in the House.

Then that bill is sent to the Senate. In order for it to pass the Senate, it must receive 51 votes in favor unless a Senator chooses to filibuster. If so, it will require a super majority of 67 yay votes.

Unless the Senate passes the exact bill it is sent to a conference committee of members of both houses who try to reconcile both versions. That committee report then goes to the house and the Senate to be voted on.

Assuming the conference report is passed, the bill the goes to the President to sigh, not sign or to veto.

If the President signs the legislation that means a minimum of 270 agreed to the legislation. If at any point it was filibustered then at least 286 people would have to agreed to the legislation. If the President vetoes the legislation, it must receive at least 357 votes (67 in the Senate, 290 in the house) in an over ride to enact the legislation into law.

(Hey Victor, "How is that for 3rd grade math?")

Last I checked there has only been one Bush in the above scenario at any one time.

For simpler explanation, check this out:

ya know they don't study the Constitution in Law Schools now,,,,

It's all case Law,,,,

and Slip and Fall stuff,,,

just saying,,,

wheel,

I don't think the Fed will even think about raising rates anytime soon. Think of the repercussions.

It would require another significant increase in the debt. Which would in turn require an even higher percentage of taxes go to paying off that debt, lest the Fed says fuqq it we're not gonna pay this month. In that case, if taxes are not raised then cuts will have to be made elsewhere which leaves entitlement programs or defense. Good luck knifing any of that. I can't see any Repub voting for tax increase at this point.

So where does that leave us? A new spending cap which adds more to the national debt, which increases the percentage of taxes for debt service, which.....and the wheels on the bus go round and round, round and round....

Everything can't be about national debt and the Fed. There is a lot more to interest rates than those two factors. Instead, they are ultimately controlled by markets (which the Fed can only have so much impact on).

Doesn't the Fed set bench mark interest rates? In turn Treasury Securities are offered at auction by the Treasury Department with a set interest rate. But, the relative discount or premium the securities are sold at is in direct relationship to the current market supply and demand. However, if these instruments are sold at a discount (interest rates rising), then more securities must be auctioned off to obtain the same amount of cash had those securities sold at face value or at a premium.

Should the Fed increase rates, then the marginal rates on the securities will either increase, or they will be sold at a deeper discount than before. I'm thinking either scenario leads to a larger percentage of tax dollars needed to pay interest on the current debt.

OH NOES...makes me poor head ache. OH NOES...makes me poor heart ache.

Either way..you have to put the trident straight through the heart and hit the mark.

**** IT....kill the ac to the Capitol Building...the White House...kill all the perks...watch them squirm like rats.

Lions and tigers and bears..?? 😕

😟

I've had a long day, and I ******* HATE the Eagles man.