C-SPAN2 - The oil spill that resulted from BP's negligence continues to destroy the Gulf Coast's way of life; people and animals alike. This morning in the US Senate the Democratic senator of Nevada, Harry Reid, said that republicans actually apologized to the company on this past Wednesday, for President Obama's asking the CEO of BP, Tony Hayward, for 20 billion dollars to compensate for those whose businesses were destroyed by the oil spill; fishermen, shrimpers, etc. It's amazing how a company gains sympathy when they put their workers' lives at risk and then devastate an environment and everything/everyone who dwell in it.
Republican senator of Alabama, Jeff Sessions, stated that the Oil Spill Liability Trust Fund is another addition to the several debts that our country has, that the money for the trust fund doesn't clean up the oil spill. So, this probably means that Republicans are not concerned at all about the people who filed bankruptcy due to the oil spill.
Before Sessions wrapped his speech with criticizing the Oil Spill Liability Trust Fund, he spoke on the "Extenders' Bill;" a document that was presented on Thursday, June 17, by Democrats to promote extending tax cuts and unemployment benefits, but was shot down when votes were counted 45-52. Sessions quoted the Joint Committee on Taxation that by passing the "Extenders' Bill" would be hazardous to the American economy.
According to Sessions, the total spending on the bill was a whopping of 26 billion dollars, but Democrats have done some recounting, which wasn't reported, and other budget gimics exceeded 78.6 billion dollars. By the end of this year, said Sessions, the bill will reach up to 1.5 trillion dollars. "This represents the largest, annual deficit in the history of the American republic."
The CBO estimated that deficits will average to one billion dollars per year, over the next ten years, under the budget that was presented by President Obama. In addition, Sessions said that the "lowest projected deficit in the ten year period, would be 724 billion by 2014." Let's not forget about the interest payments that we'll also have to pony-up for. For instance, in regard to our debt to China, by September 30th of 2010 we'll be paying 209 billion dollars in interest. Sessions doubts the occurrence of major deficits if certain aspects of the bill were significantly changed.
Republican senator of Alabama, Jeff Sessions, stated that the Oil Spill Liability Trust Fund is another addition to the several debts that our country has, that the money for the trust fund doesn't clean up the oil spill. So, this probably means that Republicans are not concerned at all about the people who filed bankruptcy due to the oil spill.
Before Sessions wrapped his speech with criticizing the Oil Spill Liability Trust Fund, he spoke on the "Extenders' Bill;" a document that was presented on Thursday, June 17, by Democrats to promote extending tax cuts and unemployment benefits, but was shot down when votes were counted 45-52. Sessions quoted the Joint Committee on Taxation that by passing the "Extenders' Bill" would be hazardous to the American economy.
According to Sessions, the total spending on the bill was a whopping of 26 billion dollars, but Democrats have done some recounting, which wasn't reported, and other budget gimics exceeded 78.6 billion dollars. By the end of this year, said Sessions, the bill will reach up to 1.5 trillion dollars. "This represents the largest, annual deficit in the history of the American republic."
The CBO estimated that deficits will average to one billion dollars per year, over the next ten years, under the budget that was presented by President Obama. In addition, Sessions said that the "lowest projected deficit in the ten year period, would be 724 billion by 2014." Let's not forget about the interest payments that we'll also have to pony-up for. For instance, in regard to our debt to China, by September 30th of 2010 we'll be paying 209 billion dollars in interest. Sessions doubts the occurrence of major deficits if certain aspects of the bill were significantly changed.
i like that reaction button. Very cool! how about some photos or links...are any of these speeches aired someplace?
ReplyDeleteHere is an interesting sign at BP gas stations...
ReplyDeleteBP gas station sign
Sorry if this is a double post, the first comment didn't seem to go through.
This was interesting. I hadn't heard about the billion dollar bill. Man, BP f-ed us in so many ways. It's tragic. Just like the Wall Street Bailouts. Saving the big bad guy- screwing everyone else... : (
ReplyDeleteThat gas station sign is disgustingly ironic...
I really like the layout of your blog and it's simplicity. It goes well with 'simplifier'. Can you link us to any other stories or videos?
ReplyDelete