Obama Budget Unanimously Defeated In Senate
Back in March, this budget didn’t even get a single vote in the House, now it’s had the same result in the Senate — which is controlled by Democrats!
A budget resolution based on President Obama’s 2013 budget failed to get any votes in the Senate on Wednesday.
In a 99-0 vote, all of the senators present rejected the president’s blueprint.
It’s the second year in a row the Senate has voted down Obama’s budget.
Boehner On Jobs, Debt Limit, And The Economy
Earlier today, Speaker John Boehner spoke to the Peter G. Peterson Foundation’s 2012 Fiscal Summit. Here’s a few of the highlights of his plan from the Speaker’s website, along with commentary, of course (emphasis in original):
In remarks this afternoon to the Peter G. Peterson Foundation’s Annual Fiscal Summit, House Speaker John Boehner (R-OH) will renew his commitment to the principle he set forth at the Economic Club of New York one year ago – noting that the debt limit exists to force Washington to deal with its fiscal problems, and that any increase in the nation’s debt limit must be accompanied by spending cuts and reforms larger than the amount of the debt limit hike.
Obama Administration Official Offers Subsidies For Corporate Jets
Gee, and here I thought corporate jets were eeeeeeeeeeeeeeeeeeeeevil. Maybe it’s just tax cuts for corporate jets. Subsidies for corporate jets, however? Just fine, says the head of the Export-Import Bank (a federal agency).
Export-Import Bank Chairman Fred Hochberg plans to provide more financial aid to U.S. corporate jet manufacturers, branching out from a traditional support for Boeing Co. (BA) to help an industry where demand has suffered….
Ex-Im supported $90 million of corporate jet deliveries last year to customers of Textron Inc. (TXT)’s Cessna Aircraft Co, General Dynamics Corp. (GD)’s Gulfstream unit and Hawker Beechcraft Corp. Hochberg said he plans to boost the aid to $1 billion by 2014. The increased focus comes after order backlogs on corporate jets fell by more than half to $40 billion in three years.
Jon Lovitz Speaks Out About Tax The Rich
Strong language warning, Jon Lovitz really doesn’t care for Obama’s rhetoric about tax the rich, and he admits that he’s a Democrat and voted for Obama:
Canada Drops The Penny
Wonder how long before the US does this:
Canada minted its final penny today as Finance Minister Jim Flaherty said the coin was too expensive to produce and no longer needed for business.
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