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The American Serial Rapists Thread - AKA The US Governement Thread
thought i'd start this thread to post general discussions on smaller items from our sandusky clan in d.c.
Senate Republicans have blocked a Democratic measure to extend the payroll tax cut and assess a new tax on income over $1 million to help pay for it. Sixty votes were needed for passage. The vote was 50-48. A separate Republican bill to extend the payroll tax cut calls for freezing federal pay as well as reducing the federal workforce by 10%, provisions rejected by Obama and Democrats. The lower payroll tax rate is set to expire at the end of the year.
ok, so why didnt mesiah obama and the democrats agree to the republican bill ?
seriously, though, the republican measure is really one of the few logical ideas that have come out of d.c. in a LONG time. For many years, the republicans in d.c. were nothing more than Democrats 'Lite'.
I don't have a lot of faith that the Republican Party will ever become what it's supposed to be but if they can at least improve a little, it would help.
In the largest deal ever to address the housing crisis, federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders. The deal settles potential state charges alleging improper foreclosures based on "robosigning," seizures made without proper paperwork.
Most of the relief will go to those who owe far more than their homes are worth, which is known as being underwater on the loans. That relief will come over the course of the next three years, with the banks having incentives to provide most of the relief in the next 12 months.
The deal is the second biggest state settlement ever reached, trailing only the $206 billion settlement reached in 1998 between state attorneys general and the tobacco industry.
The Justice Department obeyed a federal appeals court's unusual order Thursday in a legal and political spat over the health care law championed by President Barack Obama. Administration lawyers met their deadline and filed a three-page, single-spaced letter -- following the specific instructions of the 5th U.S. Circuit Court of Appeals, which is hearing a challenge to the health care law. The letter affirmed the government's stance that federal courts indeed have the authority to decide the constitutionality of the Affordable Care Act -- and any other law Congress passes.