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Budget Talks

Tuesday, August 2, 2011

Congressman Rush Supports Debt Ceiling Deal ‘To Avert a Fiscal Crisis of Major Proportions’

Bobby Rush cast a 'yes' vote Monday to support the debt ceiling compromise.

As the U.S. Senate prepared to vote on a debt ceiling deal that passed through the House of Representatives on Monday by a count of 269 to 161, Rep. Bobby L. Rush (D-IL) said he’s confident that the compromise both sides made Sunday will be in the best interest of the American people. The proposed deal allows for robust U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts. By voting "yes," Rush said, "I stand in support of the President and bipartisan leaders who were determined to avert a fiscal crisis of major proportions.” “… I realize that not raising the debt ceiling would have destabilized American households and increased worries and concerns among many hard-hit seniors, the unemployed and …

Russ

12:54 am on Wednesday, August 3, 2011

I guess both sides have reasons not to like this bill.The fact is the CBO says that this bill will reduce the debt.I feel that the only way to reduce unemployment is to create jobs . The "job creators" ( Wealthy corporations) have made record profits but, are not creating jobs. So the government needs to put people back to work with infrastructure and green energy jobs.Unfortunately the very …   more ›

Monday, August 1, 2011

Lipinski Votes ‘Yes’ on Debt Deal, But Would Have Preferred Deal That Eliminated ‘Special Interest Loopholes’

Illinois congressman supports debt ceiling deal but wishes that House Democrats and Republicans could have played more nicely together.

Updated, 7:16 p.m. Monday U.S. Rep Dan Lipinski (D-IL) voted for the Budget Control Act, S. 365, a compromise agreement Today, Congressman Dan Lipinski (IL-3) voted for the Budget Control Act, S. 365, a compromise agreement that narrowly averted a federal government default and damaging the fragile economy. In a press statement released after the House vote on Monday, Lipinski called the compromise bill “a step forward in putting our fiscal house in order.” “As with any compromise, this one is by no means perfect,” Lipinski said. “My preference would have been for a bipartisan ‘grand bargain’ that paired spending cuts with the elimination of unjustifiable special-interest tax breaks and loopholes. Sadly, negotiations between President …

Oak Lawn Gal

9:33 am on Tuesday, August 2, 2011

The entire thing was a fiasco. I hope Congress realizes they looked like fools. At any rate I had hoped for a true compromise bill with both spending cuts and increased taxes on the wealthy. It makes no sense to consider cuts to social security, medicare and medicaid while not taxing the wealthier citizens a fair amount. And not all of the wealthy are creating jobs so I don't buy that …   more ›

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