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Both PILT and SRS should be extended with any economic bailout bill.
Still doesn't answer your question, though. Who in the hell knows? If congress can't figure it out, how can I?
I think this bailout bill is just a drip in the legislative bucket that is going to be needed to recover from the great failed republican free market experiment. Not that all bills will have price tags of this magnitude attached to it. But there is much work to be done, as you refer to with PILT and SRS. Those sort of actions and reforms might best be left to a strong dem majority in congress working with an Obama admin.
But the more I look at it, I think that a McCain presidency would be doomed to presiding over a slip into another depression. At least an Obama presidency would give us the opportunity to change directions and try and learn from the mistakes of the past.
Cities, towns and counties across the west are hurting because of the loss of these funds.
I don't even want to think about this damned bailout anymore. I am so frickin' pissed about the whole #*@%! situation, I can barely see straight. Not back in session until Thursday? I watched the vote live (when I should have been paying attention to my conference call meeting)...kept thinking that eventually they'd decide to do something - anything - and when the adjourned until Thursday I was like "WTF?!"
Hell - let's just all head to the bar. Why not. Shots for everyone!
The other thing...this was little more than a Republican trap and the Demo's fell for it hook, line and sinker...unbelievably they lined up with Bush on this....
Please remember....Paulsen and Bush had carried this bailout plan around for 6 months leading up to dropping it on us two weeks ago...McCain is sinking in the polls and they are desperate....
If Obama were smart he would get 1000 mles away from this turd and stop sounding like Bush lite.
Link.
Let's call them what they are...corporate owned democrats...maybe even fascist..here's a definition from Wikipedia
"Fascist governments nationalized key industries and made massive state investments."
"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist."
While the Wiki quote may describe accurately some of the actions of fascist states, those actions themselves are not definitive of fascism. Many people look to Eisenhower's example of creeping fascism in America, and the history of the iRaq war fulfills this prophecy quite well.
If anything, the Bush-Paulson bailout plan is just a continuation of our slide into overt fascism, though some want to sugar coat it as socialism when convenient (guilty as charged). After all, it was the Bush policy post-9/11 for the people to carry on to shop as usual. And to make sure that the people did, the money supply was increased to assure that the people wouldn't revolt over an unpopular war. Buying our silence, acquiescence, and complicity, so to say. Unfortunately for Bush, we have to pay the piper before he leaves office.
Perhaps we continue playing the blame game so we conveniently miss the fact that every congressman regardless of party knew this day was approaching yet stood by and did absolutely nothing.
We can talk about hope and change all we want and we can blame Wall Street, mortgage bankers, and political parties but as long as we continue to send the same entrenched politicians back decade after decade we'll find ourselves here again in the very near future. Congress set up the rules that allowed this to get out of hand. At some point, we should consider holding them accountable. If not, lets at least stop complaining about why nothing ever really changes or why the same social and economic problems continue to persist decade after decade.
