Government shutdown ahead! On December 11th, the government is scheduled to run out of money. In this episode, hear the story of how we ended up on the brink of a shutdown (again) and what you can expect in the next few weeks (hint: A huge must-sign bill that includes lots of corporate favors).
We also take a look at the Bipartisan Budget Act of 2015, signed into law in November, which raised the debt ceiling and set the overall budget amount for the giant government funding bill to come.
The House passed a bill this week that would expand the number of banks that will be eligible for government bailouts and eliminated rules to prevent the banks from making really risky bets with our money. Continue reading →
In the hours before the government shutdown, the crisis could have been averted. We take a look at the hours before the deadline and see what Congress has done since they slammed the government’s doors shut. Continue reading →
H.R. 807, the “Full Faith and Credit Act says that the United States will still make payments on our debt, the interest on the debt, and social security if we reach the debt ceiling. However, payments for everything else in the government is ignored and we would probably default on those bills. This bill has no chance of becoming law. Continue reading →
House Republicans tried hard during their week off to label the huge March 1 cuts as “the President’s sequester”, but was President Obama really the cause? We go back to August 1, 2011, the day sequester was born, to see who was celebrating the cuts and how they passed the House. Continue reading →
Lobbyist Jo Ann Emerson quits Congress early, the House votes to temporarily suspend the debt ceiling and probably-not postpone their own paychecks, and the Brineys drunkenly ramble on a Friday night. Continue reading →
On Wednesday, January 23, the House of Representatives passed H.R. 325: The “No Budget, No Pay Act of 2013”. The big lie is in the title; if the members of Congress don’t pass a budget, they will still get paid every penny, they’ll just be paid later. Regardless, the bill temporarily suspends the debt ceiling so that the United States can pay the bills that Congress racked up until May 18th; because of this part, the bill became law. Continue reading →