Wednesday, October 1, 2008

Bailout Or Payoff ?

Courtesy of the G Blog

The Senate's version of the bailout bill? Yah, I'm sure it sticks to the issues at hand and doesn't sink us any deeper than we already that's why it's important to take care of the following:

New Tax earmarks in Bailout bill
- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

Tax earmark “extenders” in the bailout bill.
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia (Sec. 322)
- Wool Research (Sec. 325)

Extra: Remember that "National Debt Clock" in NY that keeps track all the money we don't have? "October 1st marks the first day of a new fiscal year for the federal government. At the rate it's going, a reduction in the national debt won't likely be on the list. The proposed $700 billion bank bailout would require the U.S. government to raise its debt ceiling from $10.6 trillion to $11.3 trillion. But it's not clear what kind of impact--if any--this effort would have on the national debt clock near Times Square that's about to run out of digits. The current debt stands at nearly $9.8 trillion, and the clock isn't equipped to go to ten." (Conde Nast's "")

The money clock.

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