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House Passes $513B Wartime Defense Bill

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leftchick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 07:54 PM
Original message
House Passes $513B Wartime Defense Bill
http://news.yahoo.com/s/ap/20060511/ap_on_go_co/congress_defense_11

WASHINGTON - The House on Thursday approved a $512.9 billion military bill that addresses a host of concerns arising from wars in Iraq and Afghanistan, from combatting makeshift roadside bombs to equipping more vehicles and troops with armor.

Passed on a 396-31 vote, the measure includes a plan to spend $50 billion for the first part of next year's war costs.

"The theme of the bill this year was troop protection," said Rep. Duncan Hunter (news, bio, voting record), R-Calif., the House Armed Services Committee chairman. "It gives the tools to the troops in the war on terror that they need."

"With this bill, we continue to support them by providing equipment, training, resources and peace of mind for their families," added Rep. Ike Skelton (news, bio, voting record) of Missouri, the committee's top Democrat.

Even though many supported the bill, Democrats were angry that Republican leaders prevented the House from debating some amendments, and they used procedural maneuvers to delay work on the bill for a few hours in protest.

...WooHoo! It's raining money! :(

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dave502d Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:00 PM
Response to Original message
1. No money to get kids off drugs.n/t
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:05 PM
Response to Reply #1
2. Why would they want to? It's a bonanza year for Afghanistan!
Can't tell me the powers that be aren't making bundles off the heroin trade.
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leftchick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:08 PM
Response to Reply #2
3. you betcha!
:(
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Jose Diablo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:22 PM
Response to Original message
4. $70B cut in taxes for investors and a $512.9B spending bill for the
Edited on Thu May-11-06 08:29 PM by Jose Diablo
military. I'd say that just about does it for any social spending. The Republicans have busted us. When the Dems take over, there will be no money. We been had. It won't matter who controls Congress.
All thats left is to wait for the other shoe to drop when the economy goes belly-up, and the truth sinks-in about unemployment and inflation from the feds flooding the market with paper. Right now the debt is what, $8.9T? Let me see, that works out to, hmmmmm 10/3=3 per billion times 1000=3000 times 8.9, thats about $27,000 per person the US gov owes in debt.

On the positive side though, what's seldom mentioned is the government on all 3 levels, Fed, State and Local levels control 55% of all the debt (stocks, bonds, ect) floated on Wall street. Thus the total capitalization of the stocks and bonds are owned by the government, in pension funds and whatnot, is a lot of money. Now I've heard the total capitalization is about $100T, so that puts the governments stake in all that as $55T. So that means that even though a lot is made about how capital is privatized, the truth is the government owns most of the capital. Ha, we're under communism now and we just never knew it. All this time we though we were under capitalism. LOL

We seldom see the 'other' books the government keeps, that show the assests, we only see the tax revenues and the bills paid. We seldom see all the books, but they're available on request.

I think the agents of the government would rather everyone be kept ignorant of all that money, so they can steal it for themselves.

Edit: You know, thinking about it, even just the earnings on $55T should be about 5% of that, or about $2.75T a year, how come we have to pay taxes? And how come those earnings never show-up as income someplace, maybe the government re-invests those earnings so they never show-up, and they can keep us in the dark.
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saigon68 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:31 PM
Original message
Pissing money away
Only Goebbels and Himmler would be proud of this.
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:31 PM
Response to Original message
5. the gods must be crazy
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unschooler Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:34 PM
Response to Original message
6. "The theme of the bill this year was Congressional seat protection"
Oh. I mean TROOP protection. That's right. Congress CARES about our boys in uniform. :eyes:
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Speaker Donating Member (225 posts) Send PM | Profile | Ignore Thu May-11-06 08:35 PM
Response to Original message
7. Oh Joy
Welfare for Haliburton, Carlyle, DynCorp, Blackwater, Boeing, General Dynamics, Lockheed, etc.

We need to get these crackheads off the welfare teat.
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peacetheonlyway Donating Member (948 posts) Send PM | Profile | Ignore Thu May-11-06 08:50 PM
Response to Reply #7
8. good luck



from our mother's teats to carlyle Board of Director's ass...

they need to give us all our money back now....

and we need to RICO lawsuit their ass when dems regain control in 2008...
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leesa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 10:09 PM
Response to Original message
9. Last official act of a government is to loot its treasury...
Duncan Hunter is a grand thief.
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progressivebydesign Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 10:12 PM
Response to Original message
10. You mean it gives the INVESTORS and the RICH the tools they need.
Isn't that what the tax bill attached to a wartime spending bill is all about??? 50 BILLION dollars for SIX MONTHS. Wrap your heads around that, folks. We're fucking bankrupt, and borrowing money every minute from CHINA.. and he's cutting billions in taxes and spending billions on this ill-begotten war.

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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 10:14 PM
Response to Original message
11. $513 billion
Does the rest of the world, put together, spend this much on arms?
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Rex Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 10:16 PM
Response to Original message
12. And the band keeps rolling along.
nt
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 10:19 PM
Response to Original message
13. That's 25% of the total debt that Clinton left. In how many years?
Where are the small government fuckwits now?
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