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View Full Version : Another Day, Another Bailout.


Smiling Assassin27
09-24-2009, 10:59 AM
You know Obama will sign it, but more importantly, watch how Democrats got this bailout of the US Postal Service done. They stuck it in their continuing resolution that will keep the government funded after September 30. They've basically dictated this bailout and made it utterly impossible to oppose it in any legislative way, short of shutting down the government. Budget bills are not subject to fillibuster, so the Dems have basically tossed free money at a failing, bloated, inefficient operation.

What do you think they're gonna do when the government run health care provider/agency becomes bloated, inefficient, and bankrupt? They're gonna toss more jack at it, thereby making their blather about maintaining competition an utter lie. Do you think they'll toss jack at Humana when they start running their operation into the ground? Don't buy the lie about the government option on the table fostering competition fairly.

Finally, if anyone here remembers (and will admit to it), Obama compared the whole health care scenario to, you guessed it, the Post Office and UPS/Fed Ex. Guess who was 'Post Office' in his scenario...Hilarious!

A Postal Service bailout?
By: David Rogers
September 24, 2009 05:08 AM EST

Democrats moved Thursday to give special relief to the financially strapped Postal Service, which would be allowed to defer $4 billion in payments due at the end of this month to cover retirement benefits for its employees.

Republicans protested the bailout but made no significant effort to block the provision, which has now been attached to a stop-gap spending bill slated to come before the House and Senate in the next week.
Proponents of the language argued that the House has previously endorsed equivalent relief for the Postal Service, which faces a $5.4 billion payment to the retirement fund at the end of this month. House and Senate Appropriations Committee staff said the language now would reduce that payment to $1.4 billion, helping the Postal Service deal with its cash problems but also exposing the government at least temporarily to the $4 billion difference.

This potential impact on taxpayers is controversial, and the whole handling of the issue is seen by many as a parliamentary sleight-of-hand.

With little public warning, the language has now been attached to a must-pass spending bill to keep the government funded for the first month of the new fiscal year that begins Oct. 1. To further shield that resolution from amendments on the floor, the House and Senate Appropriations negotiators voted Thursday to wrap it into an otherwise non-controversial $4.65 billion budget bill covering the operations of the Capitol and such agencies as the Library of Congress.

This conference report can now be brought back to the House and Senate floor with special privileges that help avoid amendments.

House Appropriations Committee Chairman David Obey (D-Wis.) pointed to fact that Republicans had used a similar ploy three years ago when they were in power and insisted he had been upfront about the tactics in a public meeting. But his ranking Republican, Rep. Jerry Lewis of California, said the whole strategy was “one of the most cynical legislative maneuvers I’ve ever seen.”

On a 7-4 vote, House negotiators rejected an effort by Lewis to strike the proposed CR from the conference report on the legislative bill. But despite the cost, neither House nor Senate Republicans in the talks made any direct effort to target the Postal provision.

The action came as House Democrats were poised to move Thursday on a second front, calling up hastily drafted legislation to freeze Medicare Part B premiums for the coming year.

Costs estimates run between $1.4 billion and $2.8 billion to be offset by savings elsewhere from a Medicare Improvement Fund. And Democrats hope to defuse what would otherwise be an October surprise for health care reform — threatened cuts in Social Security checks for millions of elderly.

The origins of the crisis have little to do with the current health care reform debate, but the timing could not be worse.


Without some intervention by Congress, Medicare is slated to announce next month increased Part B premiums, which are typically deducted from a retiree’s Social Security check to help pay for physician services. This would be a routine event but for an unusual combination of circumstances this year that could result in some seniors being asked to pay as much as 14 percent more than their current premiums.

For those impacted, that increase could mean a real cut in their Social Security checks next year, since retirees aren’t expected to get a cost-of-living increase in January given the drop in the consumer price index this year.

For Democrats, who hope to be on the House and Senate floors with health care legislation next month, this would be a political nightmare. And in the rush to find some solution, the party leadership opted to protect even upper-income households, who represent about a fifth of those most affected.

“We’re helping everybody. Democrats have a broad tent,” said Rep. Pete Stark (D-Calif.), one of the principal authors.

Republicans appear open to the Medicare relief but have been fighting among themselves over what to do about current federal highway program due to expire at the end of the month.

In debate Wednesday, Democrats could at least sit back and watch the fighting among Republicans.

At issue was whether the House would back the bipartisan leadership of the Transportation and Infrastructure Committee, which is battling both the Senate and the White House over writing a new, long-term reauthorization of road and transit programs.

Many in the House believe President Barack Obama’s administration should seize this opportunity to make long-term infrastructure investments to further stimulate the economy. But the White House and Senate prefer to put off this debate until after the 2010 elections, when there will be an opportunity to address the issue of new revenues to support such expenditures.

The bill Wednesday simply extended the current program for three months as this debate continues, but, playing to his political right, Minority Leader Eric Cantor (R-Va.) sought to derail the effort by denying proponents the two-thirds majority required under the procedures used.

Whip notices sent out argued that Republicans should hold firm until Democrats pledged that any long-term bill will not include an increased gasoline tax. But Cantor failed badly as his party split open — 86-85 for the bill which passed easily 335-85.

Most striking was the silence of Minority Leader John Boehner (R-Ohio). He voted with Cantor but earlier walked away without comment when a reporter asked if Republicans were opposing the bill.

Rigs11
09-24-2009, 11:10 AM
retirement benefits for their employees? gasp!

Dukes
09-24-2009, 11:19 AM
What happens when Obama-care needs a bailout?

Smiling Assassin27
09-24-2009, 12:36 PM
retirement benefits for their employees? gasp!

yeah, what's another $4 billion among unionized friends? the paltry amount barely moves the needle in Obamaland anymore.

peacepipe
09-24-2009, 12:51 PM
]yeah, what's another $4 billion among unionized friends? [/B]the paltry amount barely moves the needle in Obamaland anymore.So you're mad that workers are going to be able to get the retirement that that they worked for.

peacepipe
09-24-2009, 12:55 PM
BTW,it's not a bailout,it's called funding of a gov. program. would you call putting 4 billion into army a bailout.

Smiling Assassin27
09-24-2009, 01:57 PM
BTW,it's not a bailout,it's called funding of a gov. program. would you call putting 4 billion into army a bailout.

Paying for another's liabilities is bailing them out. Media, liberal and reality-based alike, call it a bailout. Taxpayers are subsidizing an 'independent federal agency' to make up for billions in losses over two years. That's a bailout.

The point, since you obviously chose to ignore it, is that government is notorious for pouring more and more money into operations that are inefficient, wasteful, ineffective, and obsolete. Rather than continue to poor more and more of our dollars into an insolventmoney pit like the USPS, why is no one looking for innovative strategies like privatizng it. Now please don't start attacking privatization, as I'm not necessarily advocating it in this case...yet. But with a 'market' that is dwindling--who the hell sends letters anymore--why are we entertaining stop-gap measures like this? More importantly, why are we jamming it into a bill that effectively prevents anyone from actually debating the problems at the core of USPS? FYI, Germany, Japan, and Austria have privatized postal services.

The USPS has been given a monopoly, has no anti-trust obligations, pays no property taxes, yadda yadda yadda. It's losing money hand over fist and what does it do? It asks to raise postage rates--guaranteed to further DISCOURAGE people from sending letters and lower mail volume! This bailout is a bad idea because what is $4billion in taxpayer funds today will be even more. How much should we dump into it before we deal with its fundamental issues and/or cut it loose?

Side note: You missed the tie in to government health care reform, or just chose not to comment on it. With an example like the Post Office for us to see, do you REALLY think government can run a solvent health care program AND provide equal or better care?

Hotrod
09-24-2009, 02:01 PM
Did you know that cash is printed on old used Levis material. I know jeans are pretty popular but I'm starting to worry about a Levi shortage here......time to stock up people.

Smiling Assassin27
09-24-2009, 02:03 PM
So you're mad that workers are going to be able to get the retirement that that they worked for.

No, I'm mad that our government is devoid of any strategy to do anything more than keep dumping my money into a money pit, even as my cost to access the services of that money pit spiral upward.

You seem to think they're entitled to a fully funded retirement, simply because they're government employees. Well, if USPS thinks it's OK to run its operations irresponsibly, inefficiently, and with no regard for its strain on the American taxpayer, then I don't see why the taxpayer is obligated to continue funding it.

Meck77
09-24-2009, 02:07 PM
Who's going to bailout all the bailouts?

Obama and our government is way out of control.

Hotrod
09-24-2009, 02:08 PM
No, I'm mad that our government is devoid of any strategy to do anything more than keep dumping my money into a money pit, even as my cost to access the services of that money pit spiral upward.

You seem to think they're entitled to a fully funded retirement, simply because they're government employees. Well, if USPS thinks it's OK to run its operations irresponsibly, inefficiently, and with no regard for its strain on the American taxpayer, then I don't see why the taxpayer is obligated to continue funding it.

I stopped being upset at the whole joke of a mess Barry has created. I've decided its best to just wait until our kids realize the **** we've left them with and take my ass beating with dignity.

watermock
09-24-2009, 03:27 PM
Hate to say this, but the postal service is the least of this country's worries.

however, a billion saved is a billion earned.

I like the new stamps, you forget how much they cost with the D series.

I got 2 electronic payments. get no statement, nothing. I guess it's out there in cyberspace somewhere.

Oh well.