ththththththwthwthwthweeeeeeeeeeeeeep.....(make this sound as you inhale giving the "p" a little pop at the end.)
That was the sound of your wallet getting lighter.
The Republican led Congress is contemplating raising the debt ceiling again after raising it only two months ago. These monkeys never met a budget they could stick to. The stenographers at The Washington Post are calling it a "bump" as the debt ceiling nears $10 trillion.
More budget news on the flip side...
Said stenographers almost redeemed themselves after this paragraph:
The provision -- buried on page 121 of the 151-page budget blueprint -- serves as a backdrop to congressional action this week. House leaders hope to try once again to pass a budget plan for fiscal 2007, a month after a revolt by House Republican moderates and Appropriations Committee members forced leaders to pull the plan.
Now we see the Republicans are so afraid of the backlash from the American public that they no longer boldly go where no Democratic Conress has gone before. They sneak around hoping no one will notice that it's the spend and borrow Republicans wasting our great grandchildren's money and probably their futures to boot.
There's also another disturbing fact highlighted in the WaPo article. I may actually have to stop calling them stenographers after this paragraph:
But the federal debt keeps climbing because of continued deficit spending and the government's insatiable borrowing from the Social Security trust fund.
If there was ever a time for seniors to turn away from the Republican party it is now. This is not the party that cares about you...that is, unless you are independently wealthy and will never need to collect a Social Security check.
Those tax cuts that are heavily weighted toward the most affluent in our midst are next on the agenda.
Leaders also hope to pass a package of tax-cut extensions that would cost the Treasury $70 billion over the next five years. They would then turn Thursday to a $513 billion defense policy bill that would block President Bush's request to raise health-care fees and co-payments for service members and their families.
That's right. Don't let that last sentence slide by you. Those troops that the President stands up for when he's pretending that calling for an end to the war is an insult to them - those troops and their families will pay more for health care under the President's new defense policy bill. Great. He sends them off to war and then doesn't want to have to pay to take care of them once they are battle-scarred. That ought to make the troops feel their country cares for them.
The good news is it sounds like most in Congress are set to defeat that bill - or that portion of it. There is also a little bit of poetic justice found in the article. It appears that the deficit prediction of $370 million was off as much as $70 million.
In recent days, Congress has received some good news on the budget front. A surge of tax revenues this spring, sparked by economic growth, prompted the Congressional Budget Office last Thursday to revise its 2006 deficit forecast from around $370 billion to as low as $300 billion.
So the one thing the Republicans hate more than they hate liberals turns out to be their silver lining. Tax Revenues.