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One Year Of Tax Hikes On The Rich Is Promptly Spent As $60 Billion Sandy Relief Aid Bill Passes

Tyler Durden's picture




 

After more than two months of political grandstanding, finally the $60 billion pork-laden Sandy relief aid bill has passed through the House in a 241-180 vote (with 1 democrat and 179 republicans voting no), with the vote passing courtesy of just 49 republicans who voted with the democrats. The reminder objected in protest "against a bill that many conservatives say is too big and provides funding for things other than immediate relief for New York, New Jersey and Connecticut" Politico reports. Specifically, the House approved a $50 billion relief bill, after several hours of contentious debate in which scores of Republicans tried unsuccessfully to cut the size of the bill and offset a portion of it with spending cuts. $9.7 billion had been already voted on January 4th for a flood insurance lending facility.The biggest winner today? Chris Christie whose anti-Boehner soapbox rant drama two weeks ago may have been just the breaking straw that forced the passage of this porkulus bill.

From Politico:

Republican and Democratic supporters of the bill argued throughout the day that everyone should support it, or run the risk of losing votes for future disaster bills that might help people in their districts.

 

"Florida, good luck with no more hurricanes," Rep. Frank LoBiondo (R-N.J.) shouted to any member who might oppose the bill. "California, congratulations, did you get rid of the Andreas Fault? The Mississippi's in a drought. Do you think you're not going to have a flood again?

 

"Who are you going to come to when you have these things? We need this, we need it now. Do the right thing, as we have always done for you."

 

Minority Leader Nancy Pelosi (D-Calif.) issued a similar warning to members who oppose the bill."

 

I hope that we can have an overwhelming bipartisan vote," she said. "I think that ideally… that would be the right thing to do.

 

"But as a practical matter, you just never know what mother nature may have in store for you in your region, and you would certainly want the embrace of the entire nation around you and your area, for your constituents, for your communities, for our country."

In other words, let's cut spending... but not when that spending may involve me being the benficiary. Incidentally, this is precisely why the US government will never, ever address the true cause of its insolvency: spending. Because doing so may mean being unable to rely on other, generous taxpayers when push comes to shove.

Scores of Republicans ignored these warnings and voted to either cut the bill or offset parts of it with cuts elsewhere. But there were not enough deficit hawks to overcome the many Republicans who favored the bill as it was presented, along with nearly every Democrat.

And yet another reason why the debt ceiling deal has no choice but to be enacted, with the usual theater, is the following:

The other big vote was on whether to offset the $17 billion baseline bill with a 1.63 percent cut to discretionary government programs. The sponsor of this language, Rep. Mick Mulvaney (R-S.C.), argued that while prior disaster bills did not have offsetting spending cuts, Congress is now operating in the context of a $16 trillion debt.

 

"The time has come and gone in this nation where we can walk in here one day and spend nine or 17 or 60 billion dollars and not think about who's paying for it," Mulvaney said.

 

But Mulvaney was rebuffed by House Appropriations Committee Chairman Hal Rogers (R-Ky.), who opposed the idea of subjecting discretionary programs to an across-the-board cut. That left Mulvaney asking all members why Congress can't find cuts to fund important disaster recovery aid.

 

"Just tell me what you are willing to do without," said Mulvaney. "Are we willing and able to do without anything so that these people can get this money this year?"

 

Mulvaney's amendment failed 162-258, as Republicans split on the proposal 157-71. The vote split GOP leaders, as Majority Leader Eric Cantor (R-Va.) voted for it, while Majority Whip Kevin McCarthy (R-Calif.) and Budget Committee Chairman Paul Ryan (R-Wis.) voted against it.

So, basically, there is nothing that the House was willing and able to do without. But yes: spending cuts.

Funny stuff.

And putting it all into context, $60 billion just happens to be the annual benefit from the Obama tax hikes on the rich. And just like that, the entire first year's budget benefit was spent in under 2 weeks.

Because if you tell them there is more money, they will gladly take it...

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Tue, 01/15/2013 - 21:35 | 3156225 Threeggg
Threeggg's picture

I would love to see the ledger as to how much of that 60 billion reaches the actual people it is suppose to help.

maybe 20%..............maybe

uncle sam has overhead costs too ....... WInk, wink 

Tue, 01/15/2013 - 22:52 | 3156429 secret_sam
secret_sam's picture

NO DIFFERENCE if it reaches any "victims" of the storm, it's all added directly onto GDP no matter where it goes.

Tue, 01/15/2013 - 23:46 | 3156576 zorba THE GREEK
zorba THE GREEK's picture

20%.... What are you? An optimist.

Tue, 01/15/2013 - 20:59 | 3156116 DoChenRollingBearing
DoChenRollingBearing's picture

Spend, spend, spend.  Sure makes you proud to be an American, doesn't it?

This will end in tears.  Buy gold...  Especially if you have children.

Tue, 01/15/2013 - 20:59 | 3156120 km4
km4's picture

Because if you tell them there is more money, they will gladly take it...

They don't care about http://www.usdebtclock.org/2015-current-rates.html because they're part of the 1% 

And the other 99% of Americans will hold the shit bag

Tue, 01/15/2013 - 21:14 | 3156169 knukles
knukles's picture

Will hold the shit bag?
Hows about holding (present tense) the shit bag?

Tue, 01/15/2013 - 21:31 | 3156203 km4
km4's picture

OK then more shit in the bag ;)

Tue, 01/15/2013 - 21:45 | 3156249 shovelhead
shovelhead's picture

Paper or plastic?

Tue, 01/15/2013 - 22:12 | 3156312 Dr. Engali
Dr. Engali's picture

Neither I brought my own.

Tue, 01/15/2013 - 23:51 | 3156591 knukles
knukles's picture

Want a yuck, next time take a body bag stuffed with newspaper and make it look real heavy dragging it....

Tue, 01/15/2013 - 20:59 | 3156122 Seasmoke
Seasmoke's picture

i am here in NJ ........but i am no hypocrite.......this is disgusting !

Tue, 01/15/2013 - 21:06 | 3156123 Ham-bone
Ham-bone's picture

"Porkulus"...new namesake for Christie???

Funny thing is I once thought this guy might be for real...but alas, just another bad actor in this two bit tragicomedy.

Tue, 01/15/2013 - 21:08 | 3156155 nmewn
nmewn's picture

""Porkulus"...new namesake for Christie???"

I second.

Tue, 01/15/2013 - 21:13 | 3156168 joego1
joego1's picture

Porkulus Repubulus.

Tue, 01/15/2013 - 21:16 | 3156176 joego1
joego1's picture

Porkulus Repubulus Morphiditus

Tue, 01/15/2013 - 21:34 | 3156217 nmewn
nmewn's picture

Salivate Porkulus II

Corzine was the First ;-)

Tue, 01/15/2013 - 21:51 | 3156265 joego1
joego1's picture

Sucubus Gigantcus 

Wed, 01/16/2013 - 11:37 | 3157615 Hedgetard55
Hedgetard55's picture

Prickus Obesus.

Tue, 01/15/2013 - 21:01 | 3156125 krispkritter
krispkritter's picture

It's not aid, it's a Sand-out...in what fucking reality do I pay for some Manhattan millionaire's townhome?

Tue, 01/15/2013 - 21:16 | 3156175 knukles
knukles's picture

LOT-fucking-S
Bundles and bundles, gobs and gobs, oodles and oodles... and that's just from you.  Then they print more to augment their bonuses.

Booyah!

Tue, 01/15/2013 - 21:02 | 3156129 gould's fisker
gould's fisker's picture

Let's move on and spend the other nine years worth, raise that good for nuttin' debt ceiling to $100T LARGE, and choom up the Big B's printing machine.  After all, we aren't deadbeats, bitchez.

Tue, 01/15/2013 - 21:09 | 3156130 lolmao500
lolmao500's picture

While we are talking spending big bucks...

http://www.haaretz.com/news/middle-east/report-u-s-state-dept-cable-reve...

Foreign Policy: State Dept. cable concludes Syria used chemical weapons against own people

US to start war in the middle-east in 3...2...1...

Or maybe they could start a war with China too.

http://www.china.org.cn/world/2013-01/15/content_27687474.htm

9 US F-22 fighters deployed in Okinawa

Three more fighters of this kind are expected to arrive at Kadena shortly

Or maybe 35 wars in Africa...

http://www.zerohedge.com/contributed/2013-01-12/war-terror-spreads-afric...

The War On Terror Spreads to Africa: U.S. Sending Troops to 35 African Nations
Tue, 01/15/2013 - 21:11 | 3156163 joego1
joego1's picture

That's OK as long as I have the printer I can just 2X the sandy dole for the entre into our next not a war.

Tue, 01/15/2013 - 21:34 | 3156219 pods
pods's picture

Of course Syria used chemical weapons against their own people.

I also heard they were taking rebel babies out of incubators.

pods

Tue, 01/15/2013 - 21:42 | 3156240 Dr. Engali
Dr. Engali's picture

I heard from my sister's boyfriend's mother's lover that they kick puppies too.

Tue, 01/15/2013 - 22:03 | 3156293 francis_sawyer
francis_sawyer's picture

I heard they kick [the puppies] aunt's & uncles boyfriends & girlfriends too... on the sabbath!

Tue, 01/15/2013 - 22:34 | 3156372 ZeroAvatar
ZeroAvatar's picture

Don't forget bombing their universities, students and all.

Tue, 01/15/2013 - 21:02 | 3156131 nmewn
nmewn's picture

Some seriously dumb bastards.

Annnd...Benny remains my bitch.

Tue, 01/15/2013 - 21:13 | 3156135 Snakeeyes
Snakeeyes's picture

These whores in DC! ADDING $33.7 billion in a spending amendment, AND WE EXPECT THEM TO CUT SPENDING?????????

http://confoundedinterest.wordpress.com/2013/01/15/game-of-thrones-gold-...

Tue, 01/15/2013 - 21:04 | 3156137 Never One Roach
Never One Roach's picture

Borrow...borrow....borrow....

Spend...spend...spend...

Print...print...print...

Tue, 01/15/2013 - 21:04 | 3156139 Seasmoke
Seasmoke's picture

once again, that Eddie Munster prick shows his true colors.......Fuck U

Tue, 01/15/2013 - 22:37 | 3156376 ZeroAvatar
ZeroAvatar's picture

I'm curious what the complexion will look like after Gore and Lew, among others, settle in.............

Tue, 01/15/2013 - 21:04 | 3156142 joego1
joego1's picture

Sixty billon so a bunch of rich folks can rebuild there summer vacation homes so hurricane next can come and wipe it out again. This country is truly hopeless. Nothing is ever my fault and I should not have any risk in my life.

Tue, 01/15/2013 - 21:08 | 3156150 El Tuco
El Tuco's picture

What's 60 billion? Just a journal entry.... Fucking Chump change.....

Tue, 01/15/2013 - 22:21 | 3156324 Widowmaker
Widowmaker's picture

Less than 1 month of the Federal Reserve monetization racket of shit-filling fraud mortgage twinkees.

 

Disasters are the [old] new racket.

Tue, 01/15/2013 - 21:14 | 3156170 Rob Jones
Rob Jones's picture

Does anyone know what is in this bill? Or it this another one of those deals where we have to pass it in order to find out what is in it?

I read some reports saying that it (or some version of it being discussed) contained things like $150M for fisheries in Alaska. I bet that if you actually looked at the bill, you would find that a majority of the money goes to states that were never touched by Sandy.

Tue, 01/15/2013 - 21:15 | 3156174 BigPerm
BigPerm's picture

Cuomo needed to be paid for his gun control law

Tue, 01/15/2013 - 21:18 | 3156178 knukles
knukles's picture

Ding ding ding
We have a winner!

 

(sorta titties for tat, coke and hookers on the side)

Tue, 01/15/2013 - 21:22 | 3156184 fonzannoon
fonzannoon's picture

knukles just back off Cuomo that guy busted his ass his whole life to get where he is and you talk about him like he is some beneficiary of nepotism and just made his way off his name.

Tue, 01/15/2013 - 23:52 | 3156595 knukles
knukles's picture

LOL

Tue, 01/15/2013 - 21:23 | 3156191 unrulian
unrulian's picture

+1000

Tue, 01/15/2013 - 23:52 | 3156332 lolmao500
lolmao500's picture

Please. The guy wants to be emperor, he will go for gun control freely and with enjoyment.

Tue, 01/15/2013 - 21:21 | 3156187 Marley
Marley's picture

What?  Congress spent some money to help.  OMG, what is the world coming too?  If they really wanted to pay for this, they could cut the Defense budget.  But the Koch Brothers would never have approved that.

Tue, 01/15/2013 - 21:40 | 3156232 Dr. Engali
Dr. Engali's picture

Yeah yeah we get it... The Koch brothers run the whole world. They are the only rich pricks out there trying to buy influence. Wake up.

Tue, 01/15/2013 - 21:25 | 3156195 One eyed man
One eyed man's picture

Calling it the "Hurricane Sandy Relief Aid Bill" sounds so much better than calling it the "No Pet Project Left Unfunded Bill".

Tue, 01/15/2013 - 21:29 | 3156200 foodstampbarry
foodstampbarry's picture

The repubs that voted against only voted against once they new it would pass... It's all a sad tragic show.

 

We are truly fucked.

Tue, 01/15/2013 - 21:31 | 3156204 Flakmeister
Flakmeister's picture

Nothing like dealing with a national disaster to get a true read on the pulse of the Hedge...

-------

More than a few of you said you were awaiting this

http://www.ncdc.noaa.gov/sotc/global/2012/13

Global summary 2012: Warmest La Nina Year on Record....

Tue, 01/15/2013 - 21:53 | 3156267 nmewn
nmewn's picture

"The year 2012 was the 10th warmest year since records began in 1880.

(Yawn)

The man made global warming hot/cold/wet/dry seasonal hysteria continues. Why is it that so much effort is put into the data, when some of the data gathering stations are like this?

http://www.norcalblogs.com/watts/weather_stations/

I won't even go into deleting emails and losing and/or misplacing "data". Very scientific.

Whatevah.

Tue, 01/15/2013 - 23:12 | 3156487 Falconsixone
Falconsixone's picture

Little freezing here. They've got the bad weather down, how are they at paradise?

Wed, 01/16/2013 - 00:01 | 3156615 Flakmeister
Flakmeister's picture

Clearly the role of La Nina and El Nino on global temps are lost on you.... Not to mention that these temps have occurred during a very weak Solar Cycle...

Why am I not suprised...

Notice the El Nino and La Nina years here

http://www.ncdc.noaa.gov/sotc/service/global/enso-global-temp-anom/201213.png

The next El Nino of significance will recall Dante.....

 As for Watts's bullshit, you can disprove his claims very easily with DIY temperature record calculator...

http://skepticalscience.com/diy_instrumental_temperature_record.html

Do NOT follow this link or you will be banned from the site!