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House Votes On The $1.1 Trillion Cromnibus Bill: Live Webcast
Update: As you were - VOTE ON FEDERAL SPENDING BILL POSTPONED, STILL PLANNED FOR THIS AFTERNOON
As is widely known by now, in a largely token vote, since it has the blessing of the White House, in a few moments the House will vote on H.R. 83, the bill containing $1.1 trillion in appropriations to fund the government through 2015, aka the "Cromnibus". As noted previously, among the provisions in the bill is Citi-directed watering down of Dodd-Frank by way of a Swap "push-out" provision, which as we explained over the weekend, would put taxpayers on the hook for derivative losses as it "would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook for losses caused by the risky contracts."
Then again, since we are talking about some $303 trillion in US-based derivatives (at just the top 25 US holding companies alone), the bottom line is that it really doesn't matter where the swaps are housed or traded from: if and when these goes bad, it doesn't matter if they are located in a FDIC-insured shell or somewhere else: the entire system will collapse all over again, unless it gets yet another multi-trillion Fed, as in taxpayer, bailout.
Those wishing to follow who votes for and against the Spending Bill may do so on C-Span after the jump.
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Not enough. Crank it up. Blank checks. Remove ALL regulation for the banks. Let's get this party started.
Sissies.
Pick the pocket of one person and get caught, go to jail. Pick the pockets of 300 million people, go to anywhere you want by private jet and yacht, the taxpayers will pay for it all.
Elizabeth Warren might have some fight in her. I called her office today and told her I could put aside all her other bat-shit crazy liberal ideas if she would just go after the MAIN cancer in this country which are the banks.
I find it interesting that the US gov. fiscal 2015 year started back in October ,...........
and did any else notice the farce that is our "budget" now ?
We no longer have a budget as dictated by law
We no longer have continuing resolutions
We no longer have ominbus spending bills
We have The Cromnibus
We're so screwed.
dubbed “CROmnibus” as it is a combined continuing resolution (CR)[1] and Omnibus spending bill
So again US Congress gives up the US Constitutional Powers
- Budget Powers
- Legislative Powers to Lobbyists & President
- War Powers to Lobbyists & President
An omnibus bill is a proposed law that covers a number of diverse or unrelated topics. Omnibus is derived from Latin and means "for everything".
The "Great Deception!!"
- MSM reports today it is $1 Trillion Dollars
- But actually closer to $3.5 Trillion since:
- MIC = $900 Billion
- MEDICARE/MEDICAID = $1 Trillion
- Social Security = $1 Trillion
And oh don't let's look at the Corruption, racketeering, Organized Crime represented in the Continuing Resolution & Onmibus Bills... Enabling US Corporate Monopolies, the Monopoly Banking System... and Corruption of Politics through Money.
Thanks.
Yeah I know what omnibus means ( one of those very odd people that studied classic languages in high-school).
Anyways - this looks to me like one gigantic "we have to pass the bill in order to find out what´s in it" moment. Why not just completely dispense with the charade of congressional oversight and get a more stream-lined government - then? This method of delivering huge documents written in the most tortured language like in middle of the night 10 hrs before the vote is going down ensuring that none knows or understand what they are voting for - or not. Isn´t it just time- and and resource consuming way of fooling people. Why not just declare regal powers to President/Senate/Congress so that they can decide on anything without explanation ?
Or you could begin to hold your elected representatives personally liable for what they decide on.
As Sir Joseph Stalin (Knight Bachelor (Kt)) Said: "When it is a Million People, It is only a Statistic"
Faster please. Let's just pull the chain on this global farce and get on with the restart.
Fool me once, fool me....we can't get fooled again!
Excuse an ex-US savage...but why do you refer to it as "Cromnibus"?
Excuse an ex-US savage...but why do you refer to it as "Cromnibus"?
Cronybus Bill!
Cronybus Bill!
Well if the government is voting on something I assume it is not in my best interest.
pods
watch out for words like "bipartisan" "consensus" and "compromise". Those words indicate we are really getting fucked
Let's be clear. No more bailouts. CONgress ... are you listening?
So the democrats voted unanimously to shutdown the government.
And this surprises you? The media is already blaming Republicans for the spending while talking about the brave liberals standing up. The new congress, elected in November hasn't even taken office yet.
Not surpirsed at all in the new communist Amerika
There's nothing "Communist" about diverting the wealth of the nation into corporate coffers, nor in allowing the corporate sector to merge with and subsume the government. The word you are looking for is "Fascism," and it's not at all the same thing.
If it were Communism, the government would be making Citi a subisidary of government. Instead, Citi is making the government a subsidiary of Citi. Sure, we all get fucked either way, but it is a very different dynamic.
Both you are wrong. Socialism for the elite, fascism for everybody else.
Corporate Socialism or Corporate Subsidies for the Elite.
But you got it.
thank you. kinda like making everyone pay into a govt administered and run medical system(medicare) = socialism. Forcing everyone buy THEIR OWN medical insurcance from large corporations who essentially run the govt agencies that are supposed to regulate them and were allowed to write the laws to benefit themselves(obamacare) = fascism.
not to get nitpicky, i'm fine with calling it fascism, but i think we're looking for 'inverted totalitarianism'.
True. Corporations tell the .gov what to do.
Binngg-Go.
Fuck..
Now I won't be able to visit a national park? take a Whitehouse tour? get a hunting or fishing licence?
On the bright side tho..
We do get to subsidize a paid vacation, including benefits, to all those public employees who will be unfairly affected by a possible shut down...
I'm betting that isn't Rosa's natural hair...
After health-care deductables, theres nothing left.
at least she's a sharp dresser...wtf?
She looks like the old lady that Jerry Seinfeld stole the Marble Rye from.
pods
where is her fricking broom -
Candy, candy - come here little children -
Wow -
The Cronybus bill lol
Like the movie Margin call, "we will call the bad bank spinCo, and the good bank cleanCo"...
Shut off the damn money machine until Zero breaks or a mob removes him. How hard is this?
There is and has been only one party for a long, long time. It is the "Big Gubmint" party, does not matter if you are an ass or an elephant. This trillion dollar black hole will pass as they always do and have. Just an ugly dog and pony show!
BTW that Rosa sure is a looker!
Puke!
Disturbing.
You need to double your dosage of saltpeter.
And stay away from the sheep pen at the petting zoo.
If these Republican boneheads would at least pretend that they won an election, they would have a 2 month extension of the current budget until all of the new hires are sworn in, THEN propose a 2015 budget with the new congress intact. People did not kick out the Democrats and put Republicans in office so that they could go to Washington and let the losers do the budget for the next fiscal year.
Learn to deal with reality.
When the screaming starts, the Pubs can blame the Dems and they don't have to take the flack for a year.
The real work of Congress is staying in Congress and blaming the other side for the failures.
Hm... you have a point there. Political games win again!
Shovelhead; U R only addressing politics and what is propaganda. I know you are not a noob or uninformed:
- Foreign Policy
- Military Global Footprint, US MIC Perception by the greater world, Policy on Dirty Wars
- Domestic Policy & Domestic Spying
- Federal Budget is a nightmare...exponential growth wo a budget or congressional signatures
- Jobs, Compensation, Economy, cost of Tech Schools & College, Cost of Health Care
- Monopoly control over credit & money creation
- Loss of state of Justice
- Prevalence of Fraud, Waste, Abuse, no prosecutions, Socializing the risk & losses of key industries
Deal with Reality... is very broad, eh?
A bit of drollery in regards to Bryan's altogether sensible and clever suggestion of how Repubs should handle things: (A. If they had a brain. (B. If they gave a rat's ass about effective Govt. and walking the talk.
Bryan was addressing the article and I was responding to his political acumen with a cheeky reply, as is my habit.
I have absolutely no idea what you're on about but if it has something to do with writing a 1200 page tome on politics, economics, social sciences and foriegn policy for your edification, then you will disappointed.
I'm far too lazy and, in fact, this response has worn me out.
Time for a piece of blueberry pie and a pre-bedtime nap.
Obama will sign this with, "grave reservations".
The important people got what they want?
Well...alrighty then.
(grim face for TV)
"I have grave reservations..."
"Did I look sincere enough?" (laughs)
This bill also increases the amount an individual can give in campaign contributions to $350,000.
All those QE bucks on the express bus, headed for the pockets of our political class.
"Of the Banks, By the Banks, For the Banks".
Those fucking politicians should just have a webpage that says "Buy my vote!" and the highest bidder gets the vote their way after they write the legislation and email it to the CONgress critter.
But we're now getting close to the "vote for me or else" kind of power.
Bailouts 2.0 for the banksters - for when the current Housing/Tech Bubble 2.0 blows up.
The student debt and sub-prime auto bubbles are whipped cream and a cherry.
Does anyone know if they included the extension to grant Reflief from IRS taxes for home forclosure debt forgiveness?
NoVa
Fake Fake Fake.
very interesting reading here http://www.jewwatch.com/ if you think you hate bankers LMAO this will really make ya spin out Bathhouse Barry is a well go look at the info these vermin are everywhere for those still unaware get busy http://www.jewwatch.com/ onward sheep the chosen ones own your ass and your minds
Have Fun cause no matter if you're white black yellow red
everyone should want these fucks dead !
Xmas comes early to CONgress and Wall St. Pork anyone? Can't tell RepubliCONs from the Democrooks anymore.
Best comment! May I adopt it? Thank you.
Treasury collected $404 billion in first two months of FY but still had a deficit of $179 billion which equals about $583 billion in two months which works out to $3.5 trillion anually.
The House passed a 1.1 Trillion annual budget.The math doesn't seem to work out for me....seems a couple trillion short somewhere.
Course I am not an economist or accountant...
http://www.cnsnews.com/news/article/terence-p-jeffrey/404155000000-taxes...
You would need to be a magician to make it work.
At this point, I think only a Deity could make it work.
Didn't I read something about each president having to double the debt during his term? If you look at the math that way it works out ok.
Go ahead, pass it... it's all odious debt anyway.
We have to pass it to see what's in it...
cowdiddly beat me to it - yes - the Crony Bus Bill!
$1.1 trillion?
Next year it will be $1.8 trillion
Rep. Rosa DeLauro.... I think I went to high school with that dude.
I didn't know Gargamel from the smurfs was a congressman.
This crap could be stopped in its tracks if mainstream media did its job.
Mainstream media is nothing more than state sponsored propaganda. Sure there's the obvious and directly sponsored broadcasters... but look at the ownership of the not so obvious. Trace the ownership path and look at those corporations who received and are receiving tremendous amounts of stimulus. The media was bought out, co-opted and is no longer what they once were. Today, the only real scrutiny comes from smaller, independent sources of information.
Even on ZH this story is not as big as it should be.
I notice that Immigration & Amnesty is not as big as it should be either... Trend?
Let's enumerate all the problems with this damn Omnibus Bill.
Waiting For The Worms
Rosa. Democrat. New Haven. Yale = enough said.
talked with my congressman's office staff..they are all shocked at boehner's pushing for 1.1 trillion, my congressman is on the house finance committee and is fighting this. the often disparaged tea party congressmen are fighting this debt buster..lets wait and see. but boehner is looking for dem support and obuma is push his stooges to vote for it.
Boner is the ultimate compromiser.
- Republicans are dedicated to War, Big Banking, Deregulation of Banking like what led to the 2008-2009 Global Financial Crisis... Foreigners know this... and he is dedicated to Illegal Labor, Open Borders, Lower US Labor Costs... and the crushing of the US Middle Class even if they are an Economic Driver.
Thanks Boner. Rep Boner. I feel like I have been boned by you even though we are far away and you are a new House Rep Leader... I am Misty Eyed.
/Sarc
...and in other news, Obama has now offered Roman Polanski immunity from prosecution if he accepts the new WH chef position....
Criminals all. SHUT. IT. DOWN.
ROSA SHOW US UR TITZ
Again, it's the bankers vs.the people, and the Congress is just the messenger boy to carry the news.
So back to the "cloak rooms" and it's "let's make a deal" time. - Disgusting.
4 & 1/2 hours till shut down.
This tension should be more like Ferguson. Status Quo is corruption. Congress is bought & paid for. Money does this.
Journalists should Revolt for their souls or the soul equivalent. /s
- The Idea of America is dead, killed by congressional spin... goes back at least to 1963 or 1945 National Security Act.
Freedom, Liberty, Equality, and Justice for all. Not foreign or European wars. We were formed not as a Military republic. We hold that all nations can be sovereign and chose their own government... free from US covert action to overthrow the government and suppress the workers or unions.
These things we hold to be self evident.