Tag Archives: United States Congress
Republicans Are Mad Over Defense Cuts
Republicans are mad. They are mad because this year Congress passed a bill which cuts defense spending automatically by $1 trillion over 10 years. Now they are mad because President Obama said he would not allow Congress to change the … Continue reading
Super Committee On The Verge Of Failure – Wall Street Craters
The news out this weekend is that the congressional super committee is on the verge of failure. Wall Street responded in kind by dropping over 200 points in the first 30 minutes of its opening. If the super committee does … Continue reading
Congress Making Money Via Insider Trading
60 Minutes had a special called Insiders, which brought to light a lot of disturbing information. Did you know that Congress can legally make trades on insider information? Sure enough, it’s perfectly legal and many in Congress have gotten very … Continue reading
Obama’s Tax and Deficit Plan
President Obama is taking a big stance and drawing lines in the sand. His tax and deficit reduction plan calls for a 1.5 trillion dollar increase over 10 years in net tax revenues. Why come out with this plan when … Continue reading
Congress Back in Town
After 5 weeks of vacation (think about how nice that would be), Congress is back in town again this week. A lot of focus is going to be on the economy and in particular jobs. On Thursday, President Obama will … Continue reading
Congress Leaves FAA Hanging
After the long and hard work on the debt deal, Congress is heading home. They forgot about one thing though… The FAA is in partial shutdown. What does that mean? It means that the government isn’t collecting taxes on flights … Continue reading
Debt Deal!? So Now What?
Congressional leaders finally reached a debt deal with the President! So now what? First off, it would be great to actually see this deal. Of course that probably won’t happen until right before voting begins and at that point the … Continue reading
