thorne Posted October 3, 2008 Report Share Posted October 3, 2008 http://www.athlists.com/?p=89 NASCAR Quote Link to comment Share on other sites More sharing options...
copperhead Posted October 3, 2008 Report Share Posted October 3, 2008 "Motorsports racing track" means more than just NASCAR. From what I understand, the reason that the revised bailout plan is so long, is that they had to tack it onto something that they had to get passed anyway before the end of the year, so they used a tax bill to tack it onto. All of this stuff that everyone is going crazy over (like the original post) was all stuff already in a different bill. It was going to happen regardless of the bailout. Quote Link to comment Share on other sites More sharing options...
LJ Posted October 3, 2008 Report Share Posted October 3, 2008 "Motorsports racing track" means more than just NASCAR. From what I understand, the reason that the revised bailout plan is so long, is that they had to tack it onto something that they had to get passed anyway before the end of the year, so they used a tax bill to tack it onto. All of this stuff that everyone is going crazy over (like the original post) was all stuff already in a different bill. It was going to happen regardless of the bailout. Yep, they couldn't create a new financial bill in the Senate, they had to tack it onto something else already passed on from the House. Quote Link to comment Share on other sites More sharing options...
RedRocket1647545505 Posted October 3, 2008 Report Share Posted October 3, 2008 Yep, they couldn't create a new financial bill in the Senate, they had to tack it onto something else already passed on from the House. Just curious, but why couldn't they create a new one? Quote Link to comment Share on other sites More sharing options...
LJ Posted October 3, 2008 Report Share Posted October 3, 2008 Just curious, but why couldn't they create a new one? Bills may be introduced in either House of Congress. However, the Constitution provides that "All bills for raising Revenue shall originate in the House of Representatives." As a result, the Senate does not have the power to initiate bills imposing taxes. Furthermore, the House of Representatives holds that the Senate does not have the power to originate appropriation bills, or bills authorizing the expenditure of federal funds. The tax bill it was tacked onto was a bill that had already passed the house Quote Link to comment Share on other sites More sharing options...
LJ Posted October 3, 2008 Report Share Posted October 3, 2008 also, people keep complaining about "earmarks" and saying that Mccain lied about fighting earmarks... well, there was no spending added to the bill so therefore The federal Office of Management and Budget defines earmarks as funds provided by Congress for projects or programs where the congressional direction (in bill or report language) circumvents Executive Branch merit-based or competitive allocation processes, or specifies the location or recipient, or otherwise curtails the ability of the Executive Branch to manage critical aspects of the funds allocation process. Quote Link to comment Share on other sites More sharing options...
copperhead Posted October 3, 2008 Report Share Posted October 3, 2008 LJ is right, everything else was just tax breaks, no spending. The whole bailout thing is the .gov taking on the responsibility of bad loans, so that creditors can get money flowing again. Some of the bad loans will end up getting paid off like loans are suppose to, at which point they are no longer bad loans and they will actually make the .gov some cash. Some of the loans will be defaulted on, but that's to be expected. So in the end, the .gov can actually make money off this deal, assuming these upside down loans actually get paid on. Quote Link to comment Share on other sites More sharing options...
ImUrOBGYN Posted October 3, 2008 Report Share Posted October 3, 2008 It's all still a mish mash of horseshit and hope with a pretty ribbon on it. Quote Link to comment Share on other sites More sharing options...
prettyprix Posted October 3, 2008 Report Share Posted October 3, 2008 They add ridiculous riders to a lot of bills. Thats how we end up with really crazy laws and stuff sometimes. Sadly most of the politicians don't read the whole thing when there are that many amendments. Quote Link to comment Share on other sites More sharing options...
thorne Posted October 3, 2008 Author Report Share Posted October 3, 2008 LJ is right, everything else was just tax breaks, no spending. The whole bailout thing is the .gov taking on the responsibility of bad loans, so that creditors can get money flowing again. Some of the bad loans will end up getting paid off like loans are suppose to, at which point they are no longer bad loans and they will actually make the .gov some cash. Some of the loans will be defaulted on, but that's to be expected. So in the end, the .gov can actually make money off this deal, assuming these upside down loans actually get paid on. Ron Paul hates you now. Quote Link to comment Share on other sites More sharing options...
LJ Posted October 3, 2008 Report Share Posted October 3, 2008 Ron Paul hates you now. The crusty pussy doctor? Quote Link to comment Share on other sites More sharing options...
copperhead Posted October 4, 2008 Report Share Posted October 4, 2008 They add ridiculous riders to a lot of bills. Like bail out plans? Ron Paul hates you now. For explaining something? I think I was rather non opinionated in this thread. Quote Link to comment Share on other sites More sharing options...
prettyprix Posted October 4, 2008 Report Share Posted October 4, 2008 apparently Quote Link to comment Share on other sites More sharing options...
OGRE Posted October 5, 2008 Report Share Posted October 5, 2008 huh? how u getting interweb in the woods mike? Quote Link to comment Share on other sites More sharing options...
copperhead Posted October 5, 2008 Report Share Posted October 5, 2008 huh? how u getting interweb in the woods mike? I climb up a mountain and hold my phone up in the air Quote Link to comment Share on other sites More sharing options...
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