
As You Probably Know
Congress is back in session for 2 or 3 weeks, after which we will adjourn until after the election. If you think that we will accomplish great things during this period, guess again. With majorities in both houses of Congress at stake, there is much posturing and politicking that will naturally occur. This is not unusual and both parties do it. But as our economy continues to suffer under crushing debt and deficits, alarming unemployment numbers, and the threat of the largest tax increase in American history, you would think that at least some gesture, however small, towards alleviating these problems would be attempted. Think again….or, I guess, maybe…just remember who’s in charge. We passed a bill last week which authorizes $5 billion in new spending to supply interest-free cash, through the creation of new programs, to be used to provide federal government-backed loans for the purchase of “energy efficiency” products. Before adjourning, we expect to vote on a Continuing Resolution (CR), which must be passed because the Democrats have failed to pass even one appropriations bill, let alone a… Read More