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Obama Budget Receives Zero Votes In Senate

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No senators voted for President Obama's 2012 budget when it came up for a vote in the Senate Wednesday.

A procedural vote to move forward on the president's plan failed 0-97.

Just minutes earlier, the Senate failed to advance Rep. Paul Ryan's (R-Wis.) budget plan by a vote of 40-57 as five Republicans voted against their party.

Democrats sought to put Republicans on the defensive over the Ryan budget, which they have described as extreme. But Republicans, who demanded a vote on Obama's plan, sought to flip the script after the later vote.

"The Senate just voted unanimously against proceeding to the president’s budget. That’s right, unanimous opposition to the president’s budget that spends too much, taxes too much and borrows too much," said Don Stewart, a spokesman for Senate Minority Leader Mitch McConnell (R-Ky.) "Not a single Democrat voted for it. We’d vote on the Democrats’ budget, too ... but they don’t have one."

Obama followed his budget plan earlier this year with a speech at George Washington University, where he established a goal of cutting $4 trillion over the next 12 years.

Oh ouch. Obama's idea of a budget in the US is as popular as Brown's was in the UK it seems.

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Oh ouch. Obama's idea of a budget in the US is as popular as Brown's was in the UK it seems.

It's covert manipulation to sweep away state services by Big Business and their Senator Elite cohorts so they get to grab even more of the population's cash/housing thru extortion!

Bloody obvious what they are up to - Huge Corporations (many supported in a multi-billion dollar bail-out by US taxpayer cash) witholding cash so it's not spent in investing/economy therefore no job creation/spending

Corporate America's cash pile has hit its highest level in half a century.

Rather than pouring their money into building plants or hiring workers, nonfinancial companies in the U.S. were sitting on $1.93 trillion in cash and other liquid assets at the end of September, up from $1.8 trillion at the end of June, the Federal Reserve said Thursday. Cash accounted for 7.4% of the companies' total assets—the largest share since 1959.

http://online.wsj.co...1161973480.html

PS Big Business are playing a waiting game killing off their smaller competition with less reserves as the economy contracts (just like Roosevelt's 'Bills' helped do in the 30's" (hint))

Edited by erranta

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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