DescentBB

You know, the one working through Congress at a breakneck clip? They are trying to come up with about a 1.15 Trillion dollar funding bill for the government, and it sure seems like tax loophole preservation for the well-off, and serious breaks for larger sized banks are going to be a given from this 'compromise'. Anyone else started to look at this whole package?

My main comment is "why in the unholy ★■◆● is this monstrosity over 1600 pages."

Top Gun wrote:My main comment is "why in the unholy **** is this monstrosity over 1600 pages."

They had to hide my personal 1-trillion dollar "tax bonus" somewhere.

On a serious note: I have not read it. Tax breaks for the wealthy are apparently what makes the world go 'round.

tax breaks for the wealthy, along with a LOT of other stuff. As noted, the bill is immense. Of some interest, changes to pension payouts to folks already retired, plus the usual local goodies.

Idiots. They also buried in that mess language eliminating some of those pesky regulations on bankers and Wall Street. Out of touch with people does not even begin to describe these guys anymore. Suckups and sycophants is more like it, in BOTH parties.

some pesky regulatons? Try basically letting derivative traders operate on high-margin borrowing again. Quiz quiz, Class: What exactly triggered the initial defaults that led to the last Financial debacle?

here's a fun provision right at the end of the bill(yeah, HuffPo link, but they cite the actual page number):

http://www.huffingtonpost.com/2014/12/1 ... mg00000067

for those of you who are in the trenches of electoral politics, this is a BIG deal.

to balance out HuffPo, here's Breitbart's list of grievances and pork.
http://www.breitbart.com/Big-Government ... NIBUS-BILL

callmeslick wrote:to balance out HuffPo, here's Breitbart's list of grievances and pork.

Stop being so bi-partisan, you are ruining your reputation. Ha.

oh, heck, some won't read them anyway.

And Obama wants to get this pig of a bill signed, sealed and delivered to his desk so that he can sign it ASAP.

callmeslick wrote:http://www.msn.com/en-us/money/markets/ ... ar-BBgDXna

And then it was a Barenaked Ladies song.

tunnelcat wrote:And Obama wants to get this pig of a bill signed, sealed and delivered to his desk so that he can sign it ASAP.

publicly, yes, but he has made a lot of qualifying statements that the Dems take as supportive of them pushing the GOP off the election reform and banking law re-writes.

callmeslick wrote:

tunnelcat wrote:And Obama wants to get this pig of a bill signed, sealed and delivered to his desk so that he can sign it ASAP.

publicly, yes, but he has made a lot of qualifying statements that the Dems take as supportive of them pushing the GOP off the election reform and banking law re-writes.

That Obama water bucket getting heavy yet slick?

Good God! Even Dem Wasserman Shultz wants this thing passed. Some of these Dems are acting like scared little kids. No backbone what-so-ever. Buk, buk, buk, BWAAAAK! Our representative Dems here even stuck in their own provision to keep the Newport Coast Guard base open, which was scheduled to be closed this month due to funding cuts.

http://www.carrollcountytimes.com/topic ... 7998.story

no one wants a government shutdown. Now, they have to compromise. But, as Louis Black once noted regarding Dems and Republicans: Nothing is more dangerous than when these pricks work together.

Not carrying water, by the way, Woody. That was Obamas statement of over a week ago. He would sign, but would prefer that it not get junked up. He'd prefer the smaller bill that just contains the essentials without changing anything for either camp. He made that very plain.

All us conservatives look the same.

Better hope we don't have another BIG bank failure in the future because taxpayers are again on the hook. Sounds like they now get to dip into Federally Insured Deposits to save themselves when they lose their cash playing casino. Gee thanks Congress, both Dems and Repubs and especially congressman Kevin Yoder (R-Kansas). Time to put my cash under the mattress.

http://www.huffingtonpost.com/2014/12/1 ... lp00000592

I do not believe my eyes that the US military budget cuts costs
http://www.reuters.com/article/2015/01/ ... 8O20150108

we are, by legislative fiat, under a process whereby ALL aspects of government(military and other) have to make annual reductions to some
extent. Not sure you knew that, Sigma, so I pass it along.

callmeslick wrote:some pesky regulatons? Try basically letting derivative traders operate on high-margin borrowing again. Quiz quiz, Class: What exactly triggered the initial defaults that led to the last Financial debacle?

sub-prime mortgages?

Ferno wrote:

callmeslick wrote:some pesky regulatons? Try basically letting derivative traders operate on high-margin borrowing again. Quiz quiz, Class: What exactly triggered the initial defaults that led to the last Financial debacle?

sub-prime mortgages?

not really. They were included in the problem, but wouldn't have been were it not so easy to bundle them into shaky investment vehicles, and trading them along with insurance derivatives.

ah, that's right. I knew there was something else.