Tuesday, February 26, 2013
Has the scary news about the impending federal sequester got you worried?
If it feels like we went through something like this just a month or so ago, you're right. That was when we were warned that the country was set to nosedive off the "Fiscal Cliff" back in December. As you'll recall, part of the Fiscal Cliff was a series of tax cuts dating from the Bush Administration era that were set to run out unless President Barack Obama and Congress came to terms before the expiration. You saw the results when the government took a bigger cut from your first paycheck in 2013. But now we're teetering on the verge of another federal precipice with the Sequestration. But what is it? What the Sequester Is Part of the resolution of the Fiscal Cliff was the American Taxpayer Relief Act. That extended some tax cuts and …
Tuesday, January 15, 2013
Aid was voted on in two packages, both of them passing the U.S. House of Representatives.
The U.S. House of Representatives voted to approve a Hurricane Sandy relief package totaling $50.7 billion Tuesday night, the culmination of a contentious day that included charges of overspending from House Republicans and demands from legislators in Sandy-affected areas for their Congressional peers to do the right thing. The aid was approved in two measures, the first in the form of a $17 billion package designed to provide immediate aid primarily to victims of Sandy in New York and New Jersey, and the second, overarching package, adding an additional $33.7 billion in aid and bringing the total to more than $50 billion. The purpose of splitting the aid package, presumably, was to give House Republicans the chance to vote for immediate …
Friday, January 4, 2013
The U.S. House of Representatives approved funding for the National Flood Insurance Program.
The U.S. House of Representatives approved a measure late Friday afternoon allowing the Federal Emergency Management Agency (FEMA) to borrow $9.7 billion to pay insurance claims made by victims of Hurricane Sandy. The bill, HR 41, temporarily increases the borrowing authority of FEMA to allow the agency to carry out payment claims made by property owners to the National Flood Insurance Program. Congress moved to approve the funding stop-gap Friday after concerns were raised that aid for Sandy victims had been delayed too long. The House, specifically, Majority Speaker John Boehner, R-OH, came under fire for tabling a Sandy aid package until after the New Year. Congress is expected to vote on two additional bills authorizing more than…
Wednesday, July 13, 2011
Opinions differ but nearly all want Congress and the president to take action.
Residents in central New Jersey agree that defaulting on the national debt would be catastrophic, but they differ on proposed solutions and who is to blame for the impasse at the federal level. Some, like Lawrence resident Steve Arniott, said they believe the debt has grown too large, but that raising taxes would be the wrong way to address the problem. Others, like Paul Ho of East Brunswick, say that a mix of new revenues – added taxes on higher earners – and service cuts are needed. But nearly everyone says the two sides need to get together and find a compromise before the nation reaches the precipice of default. Democrats and Republicans in Washington are locked in a debate over whether the federal government should raise its debt …
Westfield123
4:06 pm on Wednesday, February 27, 2013
Obama came up with the idea of Sequestration now live with it. Why doesn't Obama and his wife try to conserve some of our money? Both of them try to come off like a regular brother or sister but meanwhile they like to live the high life at our expense. Trips to Aspen, Hawaii, MV and golf with Tiger Woods. Meanwhile, the majority of Westfielders put him in office. more ›