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Fifth Street Finance Corp. Message Board

  • thewisejman thewisejman Sep 20, 2013 2:57 PM Flag

    Our politicians are PRICELESS

    Watching CNBC not too long ago:

    "With ten days until a possible government shutdown, the battle over federal spending has shifted to the Democratic-controlled Senate, where Senate Majority Leader Harry Reid’s (D-Nev.) chamber will begin considering — and amending — a House-passed bill that keeps the government open and defunds President Barack Obama’s legislative crown jewel: the 2010 Affordable Care Act.

    The House vote late Friday morning was 230-189, with Republican Rep. Scott Rigell (Va.) as the only Republican to vote against the $986 billion, three-month package. Democratic Reps. Mike McIntyre of North Carolina and Jim Matheson of Utah crossed the aisle and voted for the bill."

    You should see the jubilation of all these GOP leaders in the House congratulated each other and called this a bipartisan "victory" (two Democrats did vote for the bill). They also called for their colleagues in the Senate to start a debate.

    That is surely priceless. Are they really that clueless? Obama had already threatened to veto the bill, does the GOP really believe there is a chance for the bill to pass the Senate?

    Don't misunderstand me, I do agree that the Affordable Care Act is indeed very costly and can indeed discourage a lot of companies in offering more full time jobs. But if you look at some of the US companies, Wal-mart is very stingy with their pays and benefits providing to their employees, and on the other end the average hourly pay for a Costco employee is about $23 and they provide medical insurance for their employees. Do you believe Costco is less profitable than Wal-mart?

    I do agree that we have to control the costs of entitlements: welfare, food stamps, medicare, medicaid, social security, disability etc. But at the same time, how can we afford not to increase taxes?

    The biggest problem is our TWO parties do not appear to care how another debt ceiling battle will affect the small people because they seem to care more about their own agendas.

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