Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzI4Mjg0OTU3XzIxREZGNjND] [b]US Budget Panel Fails to Reach Deficit-Cutting Agreement[/b] by Patrick Martin 21-11-2011 Members of a bipartisan congressional committee admitted Sunday that they had failed to reach any agreement on cutting $1.2 trillion over ten years from projected US government deficits. More than half the panel’s members appeared on network television interview programs Sunday to bemoan the breakdown of the effort, one day before the actual Monday deadline. Under the procedure established in August as part of the agreement that ended the crisis over raising the federal debt ceiling, the 12-member committee, six senators and six congressmen, divided equally between the two big business parties, has until Wednesday, November 23 to deliver a deficit reduction proposal to Congress. Because the Congressional Budget Office must “score” the proposal to confirm that it meets the $1.2 trillion target, a process that requires 48 hours, the effective deadline is Monday. If the panel had met the deadline, both the House and Senate would have been required to give an up-or-down vote, without any filibusters, amendments or procedural delays, by December 23. Failing to meet the deadline forecloses the use of these expedited procedures. This sets into motion the second stage of the deficit-reduction process agreed on last August—an automatic “trigger” to cut spending. An across-the-board cut in federal spending of the required amount, $1.2 trillion over ten years, is to take effect in January 2013, divided equally between military and domestic social spending. According to an estimate from the Congressional Budget Office, Medicare reimbursements to providers would fall by 2 percent, other domestic programs by 7.8 percent, and military spending by about 10 percent. Senators and congressmen of both parties immediately declared their opposition to the military cuts and said they would propose measures to shift the burden of the automatic cuts to other areas of the budget, particularly entitlement programs like Medicare and Social Security, which are largely exempted under the “trigger” procedure. [b]CONTINUE AT: http://globalresearch.ca/index.php?context=va&aid=27801[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
THIS WILL OPEN YOUR EYES ABOUT HILLARYCLINTON & BILL A DANGER TO THE WORLD NOT JUST AMERICA
Calls for FBI Director Comey to resign over total sham of investigation
Coming soon: A new way for Russia's authorities to invade your privacy
George Soros Pushing For US Online Voting System
Was This Prominent Black Leader Murdered Because He Spoke Out Against Geoge Soros’ Black Lives Matter?
Arizona Parents Beware: Court Says Changing Diapers Equals Sexual Molestation
“They Tried to Warn Us”: 1981 TV Show Nailed Globalist Push to Break Down Borders for a One World Government
The October Surprise Will be a Violent Provocation Blamed on Trump
“Trump Will Go 26th”: Is This Eerie Radio Transmission Part of Plot to Assassinate Trump at the First Debate?
Video: Charlotte Riots – What They’re NOT Telling You
WikiLeaks Bombshell: Hillary’s Brain Injury Caused By ‘Near Fatal Plane Crash’
Germany makes having sex with prostitutes without condom illegal
Drilling at Unfathomable Alien Landscapes
Survival: How to make a soldering iron out of a lighter
If you’re a guy, having older brothers makes you more likely to be gay
Obama’s “Palestinian Land” According to U.S. And U.N. Policy and the Oslo agreements, not Palestinian land at all.
BlackLivesMatter Co-Founder DEMANDS To Be Granted COP FREE Black Communities
US Govt Just Legalized Operation Mockingbird — FBI Can Now Impersonate the Media
Shocking new study shows chemo kills half of cancer patients, not cancer itself
Unilever megacorporation rushing to buy out small organic companies
CLAIM: Historic event to occur in the next six days that will end the rise of Trump and seize the future of America for totalitarian globalists
Cyber Attacks on Satellites Could Spark Global Catastrophe
BBC Begins Experiments With Holographic Television.
Government preparing to let food stamp recipients shop at online retailers using taxpayer money
Most of Clinton’s Recovered Emails Will Be Released After Election Day
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.003s (3 queries)