Federal Budgets Now Go Secret – Secret Accounting to Hide Missing Money

 

Government hiding money? Who knew?

We are talking about the new rule from the Federal Accounting Standard Advisory Board (FASAB rule 56) that took government accounting dark.

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says when it comes to making government accounting secret, there is widespread bipartisan support.

Fitts explains, “If you look at FASAB rule 56, it was approved by both the (Trump) Administration and the bipartisan (Congress) on the same week that everybody was screaming about Judge Kavanaugh. It was passed while we had all the hearings on Mr. Kavanaugh’s teenage sex life.  At the same time everybody supposedly looks like they are fighting, we had a bipartisan Congress and Administration pass this very quietly underneath the attention given to the Kavanaugh hearings.”

Why did both parties “quietly” pass FASAB rule 56 that makes federal budgets secret? Fitts says, “Since WWII, we have been building secret financial operations, whether it’s the ‘Black Budget’ or what some people call the ‘hidden system of finance.’ Secrecy is a huge financial addiction. I think every member of Congress does not see a way to kick the can down the road without becoming more and more extreme in tactics.

I called FASAB 56 ‘secret money for secret armies.’ The same week that passed, an ad came out in one of the mercenary magazines that said ‘Blackwater is coming.’”

Just because trillions of dollars are “missing” and the federal budgets are now “secret” doesn’t mean you cannot see the effects of all the massive amounts of money created. It’s showing up in the form of inflation, not official inflation calculated by the government, but real inflation for the man on the street. Read more at USA Watchdog

 

There is lots of free information on Solari.com.

Other than this, all is well in the swamp. No one will ever know about all the wars we are involved in.

Off the record, on the QT, and very hushhush.

 

Thanks WhatFingerNews for the coverage! A great site for all the news.

Vote tally count Spending Bill – So much for the Art of the Deal

So much for the “Art of the Deal.” One can only wonder if Trump isn’t getting worned down with the constant attacks. How else to explain why he seemed to have so little interest in being involved in the process. Why wasn’t he out on the stump arguing for a decent bill?

A real embarrassment for Trump after he was out looking at the wall models last week in California.

Does anyone really think that McConnell and Ryan just showed up and told him that this was the way it was going to be? No Wall? Wait until next September when this whole spending thing starts up gain during the election cycle. The GOPers can kiss the House good-bye and you can be sure a Democrat House will impeach Trump and it will be the shot heard ’round the world.

Update: The big Ryanesque spending bill isn’t as bad as I thought last night. It’s worse. Forbids hiring more ICE agents. Limits detention beds, making “catch & release” more likely. Call 202 456-1111 if you want to urge Trump to veto

This sums it up:

Democratic leaders celebrate budget bill: “We’re able to accomplish more in the minority”

Here are the individual votes:

Lawmakers approved the bill in a 256-167 vote on Thursday, with majorities in each caucus backing the measure. Ninety Republicans and 77 Democrats voted against the bill. A large numbers of conservative Republicans were among those voting no over the measure’s massive price tag and the lack of transparency in the bill-writing process.

Senate:

Mar 23 63 (65-32) Agreed to On the Motion H.R. 1625

For individual votes and to find out how your Senator voted go

HERE

House of Representatives:

For individual votes and to find out how your House Rep voted go to Gov Track

HERE

 House Vote #127
 Mar 22, 2018 12:59 p.m.
 Passed 256/167
This was the House vote on the Consolidated Appropriations Act, 2018 (preprint text). With this vote, the House replaced the text of H.R. 1625, formerly the TARGET Act, with entirely new provisions related to funding the federal government.

Trump’s budget is not the dire killing kids and Grandma

So much all of this gloom and doom about the 2018 Budget proposal by Trump. Today a guest post by Mustang with his interesting analysis.

America’s Economic Security

Diaper-headed persons aren’t the only folk capable of throwing bombs.  OMB Director Mick Mulvaney threw one recently and by every measure, the bomb was one of those multiple warhead configurations.  At this early stage, I think it would be fair to say that Trump’s plan for achieving America’s economic security has the leftists quaking in their designer shoes. Here first the Mulvaney presser; it gets interesting around the 9:30 mark.  It is worthy of a few minutes of your time.  For more background on Mulvaney, click here.

The Trump bill calls for a spending cut of $1.74 trillion.  No surprise, the usual suspects are running around proclaiming the bill is dead on arrival.  How’s this for optimism?

In criticizing the previous administration, Mulvaney stated, “Look, if you borrow money … if I take money from you and have no intention of giving it back, that’s not borrowing; it’s theft.”  Rather, Mulvaney stated that he’s offering the American people a 3% growth rate, and a balanced budget in ten years … and he says the Trump administration can do this without touching Social Security and Medicare.

 In any case, the way I see it, Mulvaney’s approach seems to be a centrist position; helping people by weaning them off welfare assistance programs.  This is not an ultra-conservative notion, but it is Reaganesque.  I can support it.  Mulvaney went on to say, “We’re no longer measuring compassion by the number of programs, or the number of people on those programs, but by the number of people we get off of those programs.”

 So, the leftists are screaming bloody murder, but then so too are the ultra-conservatives.  One in particular is a fellow named Peter Schiff.  Peter is a broker, which means that no matter what happens to the economy, he stands to profit by it.  In my view, brokers are somewhat like bookies … they get paid even if you lose.  If you have a few more minutes, here is Peter (not a fan of Trump, or his budget) being interviewed about the Trump economic plan.  (Note: look at the small banner in the upper right side of the screen that reads “Revenge Economics.”  Is this clever, or what?)  What Schiff wants is to stop all entitlement programs, period.  For an expanded background on Schiff, click here.

 Personally, as someone who’s paid in to social service programs against my will for more than fifty years, I want every dime I can get from it.  Still, I would be interested in hearing what the reader’s think about the Trump bill.

Vote tally Count House vote of gov funding bill until September 2017

I finally tracked down the individual votes for the government funding. Names of bills are never helpful. From Gov Track. 102 GOPers defected. Most Republicans did vote for the measure, but the caucus was split significantly, 132-103. Democrats in much more in favor of the bill, as 178 voted for it, and just 15 voted against it.

(CNN)The House voted overwhelmingly Wednesday to approve a $1.1 trillion government funding bill that keep agencies operating through the end of September.

The vote was 309 to 118.

VOTE DETAILS With INDIVIDUAL VOTES CLICK  HERE and scroll down. Site of GOV TRACK

The final vote tally was 309-118 and 103 Republicans voted against the bill, meaning more Democrats voted for the bill than Republicans.
House Vote #249
May 3, 2017 4:19 p.m.
Passed 309/118
This vote was on the Consolidated Appropriations Act, 2017, which would fund the government through the remainder of fiscal year 2017, that is, through the end of September 2017. Prior to this vote, this bill, H.R. 244, was the Honoring Investments in Recruiting and Employing American Military Veterans Act of …

H.R. 244: Honoring Investments in Recruiting and Employing American Military Veterans Act of 2017

 

Rush on Budget fiasco: ‘Why is anybody voting Republican, if this is what happens when we win

Where to even start on the budget. I was going to focus on the Coup de grâce:

Paul Ryan Expands H-2B Blue-Collar Outsourcing Program for 2017
Breitbart:

The H-2B language was hidden deep in the draft 2017 supplemental budget — which is to face House and Senate votes this week — and it surprised opponents of the legislation. In December 2016, Ryan had agreed to trim the program when the partial 2017 budget deal was announced just one month after blue-collar voters backed Donald Trump’s campaign promise of a low-immigration, high-wage national economic policy.

But this clip of Rush Limbaugh doing his thing wraps up the whole fiasco.

Hot Air:

…What if his main concern is popularity, in the form of averting any shutdowns for which he might be blamed, instead of major policy gains?

But the dirty little secret is that there isn’t any evidence that anywhere in Washington is there any aspect of the Trump agenda on display. It doesn’t seem to be that in the House of Representatives that there is a desire to implement any of the Trump agenda. It doesn’t seem in the Senate that there is a desire to implement any of the Trump agenda. It does seem in the House that there is a lot of energy devoted to stopping a Trump agenda. Ditto in the Senate…

This budget is a direct slap in the face. This budget is a stop sign. And it’s throwing down the gauntlet. “You may be elected president, but you’re not getting anything. Nothing’s gonna happen here.” And if Donald Trump cannot rely on the members of his own party — are you really telling me we can’t get a replace and repeal Obamacare bill after all this time? And I don’t mean since Trump won the election; I’m talking about since it was passed seven years ago, six, whatever it is now…

I’m telling you, folks, the will isn’t there. The establishment, whatever you want to call this bunch of people, the ruling class, the establishment, the donors, whatever you want to call ’em, they’re not just gonna roll over and let Trump implement those things that he campaigned on just because he won the office, just because he won the presidency. And he’s going to have to overcome this if he’s going to be successful. And the way he’s going to have overcome it, he’s going to have to have his own staff, legislative staff in the White House that writes this legislation and muscles its way through…

I have to think he knows better than I do, better than anybody else does, ’cause he’s living it. I don’t know what his expectations were. I can believe that he expected the Republicans were gonna be deliriously happy at his victory and deliriously happy to work with him, and I fully think that he expected the Republicans to be on his team and that they would be working together to get a whole lot of this stuff done to fix and repair America and stop this descending trend that our country is in.

It’s almost as if he’s been stabbed in the back. If only there was some way the executive could block a terrible bill from becoming law. Any ideas?

Limbaugh SLAMS Budget: NO Reason To Keep Electing Republicans

GOP leaders dropping funding for border wall

In an almost unbelievable move, Paul Ryan apparently concedes there will be no money in the budget vote coming up later this month for a border wall. To quote The Hill:  “And some Republicans are concerned that deteriorating relations with Mexico may be too high a price to pay for the wall.” – the funds will come at a later date.  How about the price for American well-being, eh Ryan? And of course we have McCain with his take: at a Senate Homeland Security Committee hearing Wednesday, Sen. John McCain (R-Ariz.) expressed concern to Homeland Security Secretary John Kelly about a growing resentment in Mexico over the administration’s border policies.

Here tis:

Federal funding for one of President Donald Trump’s premier policy proposals may be excluded from the House GOP’s budget for Fiscal Year 2017-2018.

House Democrats, along with a few House Republicans, are working around-the-clock to make sure funding for the estimated $12 billion border wall is not factored into the GOP budget, according to a report by The Hill.

“With Democrats united against new wall funding, it’s unlikely the Republicans have the votes to get it through and prevent a government shutdown,” The Hill report stated.

House Speaker Paul Ryan, in a statement to The Hill, seemed to concede that border wall funding would not be included in the GOP budget, saying the funds would come at a later date.

Rep. Will Hurd (R-TX) and Rep. Martha McSally (R-AZ) are the two Republican lawmakers teaming with Democrats to stop the funding of the border wall, despite both representing districts that share a border with Mexico.

More at Breitbart

Obama and his previously defeated budgets

By now most of heard that Obama has his pen at the ready if his Trillions of dollars budget doesn’t get approved and the GOP doesn’t behave as lapdogs: Obama’s $4-trillion budget champions liberal priorities.

But let’s go back and look at how his previous budgets fared when only one was passed. All I can say it should be very interesting. My bet is he will have a temper tantrum if he doesn’t get his way. Here we go:

When the president fear mongers over Republicans blocking his $4 trillion spending plan and when he accuses the GOP of being unwilling to compromise, keep in mind he was never willing to come half way on any of the issues in the first place, this time or in the past.

Looking back on Obama’s tenure as President, it’s important to note just how far-left the vast majority of his budget proposals have been over the years, which is exactly why only one of them has passed and the rest have been roundly defeated, often unanimously, by Democrats and Republicans. In 2012, Obama’s budget was defeated by the Democrat controlled Senate 97-0. In 2013, his budget was defeated 99-0.

More at Townhall

Taxpayers on hook for banks 303 trillion dollars of derivatives

Strange isn’t it. Barely a word out of the media as to the atrocities that are being committed by this ludicrous budget bill just passed. Even Fox news has chosen to ignore any exploration as to how much we have been hosed. Drudge for some reason is more concerned with Sony. I jumped up and down about millions of current retirees at risk for losing their pensions. Congress’ backroom pension-cutting deal is even worse than expected. How would you feel about losing your Social Security? Here we go:

Courtesy of the Cronybus(sic) last-minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street’s blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp,explicitly putting taxpayers on the hook for losses caused by these contracts. Recall:

Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article:  Click on image to enlarge:

Screen-Shot-2014-12-05-at-3.32.12-PM-1024x755

 

 

Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services.

More plus graphs over at Zero Hedge

Omnibus Budget deal to cut retirees benefits for millions UPDATE

UPDATE:

Congress’ backroom pension-cutting deal is even worse than expected

By Los Angeles Times @latimes

Back to my post”

On a personal note, I am far too angry and upset to do a decent post on this topic as I am about to see my 30 year worked for pension go down the drain with this obscene Boehner budget fiasco. I have taken liberally from Always on Watch, and I thank her. UPDATE: Passed procedural vote 214 to 212

Here is a link to the procedural vote breakdown at GOV Track:

https://www.govtrack.us/congress/votes/113-2014/h561

UPDATE:BLOOD IN THE WATER: TEAMSTERS, JIMMY HOFFA, JR. TO CONGRESS: KILL THE OMNIBUS BILL

“On behalf of the 1.4 million members of the International Brotherhood of Teamsters, I am writing to ask that you vote NO on the rule and NO on the Omnibus Appropriations Bill,” Hoffa wrote to all members of Congress on Wednesday afternoon. “This bill and its self-executing rule will slash the pensions of thousands of retirees who worked years for a pension that they thought would provide them financial security in their retirement years. That promise is now busted.”

Back to the orginal post. Excerpt from the article Washington Post here.

Congressional leaders hammer out deal to allow pension plans to cut retiree benefits

A measure that would for the first time allow the benefits of current retirees to be severely cut is set to be attached to a massive spending bill, part of an effort to save some of the nation’s most distressed pension plans.

The rule would alter 40 years of federal law and could affect millions of workers, many of them part of a shrinking corps of middle-income employees in businesses such as trucking, construction and supermarkets….

Note the example cited below the fold.

Whitlow Wyatt, 70, retired with a $3,300-a-month pension in 2000 after working more than 33 years as a long-haul driver. He could face pension reductions of 30 percent or more if Congress permits trustees of the hard-pressed pension fund to slash benefits.

Read the entire article here

Just imagine what havoc these cuts would work upon the personal budgets of many already-retired, elderly retirees under the age of seventy-five!  Retirees who are over age seventy-five or disabled are exempt from the cuts.

Thanks to Always on Watch – wander over. My comment:

Millions of Healthcare workers will lose their benefits. The majority of Hospitals were late in ending defined pension plans as part of contracts with workers. These are not government workers who retired after 25 years with 80 percent salaries as pensions. The problem is not with the ERISA, but rather the ability of Companies to borrow against the set aside funding for pensions, and then merge or sell, divesting themselves of these obligations and leaving ERISA stuck with the bill.
Looks like I will be enjoying food stamps shortly. Thanks John Boehner.

Comrade Boehner offers 10 lies in support of Omnibus budget bill

UPDATE for individual votes. This is procedural vote only.

Vote Tally Count Omnibus budget bill

Ten things Comrade Boehner wants you to know about his porkulus coming down. But of course the dang website had been down so I guess we don’t get the three days. Here is a taste of what is in the bill, 401K’s next.

PENSIONS:

For the first time, the benefits of current retirees could be severely cut, part of an effort to save some of the nation’s most distressed pension plans. The change would alter 40 years of federal law and could affect millions of workers, many of them part of a shrinking corps of middle-income employees in businesses such as trucking, construction and supermarkets. Read more on this here.

Wander over to his page if you want to read his 10 lies. Just Like Obamacare: Boehner’s Omnibus Website Fails, Bill Text Disappears Behind ‘Server Error’

A few short hours after the House GOP posted Speaker John Boehner’s 1,603-page $1.1 trillion omnibus bill text on its website, the website failed.

The bill text—both the PDF and the XML versions—went down around 11 p.m. on Wednesday night, for unspecified reasons. Speaker Boehner’s spokesman Michael Steel hasn’t responded to inquiries as to why the bill is no longer available for the public to see.

Instead of the bill being available online, the website reads: “Server Error.”

“401 – Unauthorized: Access is denied due to invalid credentials,” the website now reads. “You do not have permission to view this directory or page using the credentials that you supplied.”

The Rules Committee website which serves as a gateway to get to the bill text is still up.

More over at Breitbart

From Boehner Gov: (10 point plan)

The House Appropriations Committee has released the FY 2015 Omnibus Appropriations bill.  The bill contains a number of important measures to fulfill the people’s priorities, including protecting jobs, stopping wasteful spending, reining in government overreach, and funding our national security. -“

Comments from so called “dummies” over at his website:

Full ObamaCare funding, FULL amnesty funding, and $250 million MORE than Obama wants for the EPA –oh, and a disgraceful cut to housing money for rank-and-file military.

HE GOP “LEADERSHIP” HAS GONE INSANE:

The $1.1 TRILLION dollar “cromnibus” spending bill being RAMMED through the House with Dem votes is a DISASTER…. Not only does it FULLY FUND every aspect of ObamaCare, and FULLY FUND every aspect of Obama’s illegal executive amnesty, it gives the Environmental Protection Agency $250 million MORE than Obama requests…. In short — the bill – just four weeks after a massive, historical Republican election – looks as if DEMOCRATS have huge congressional majorities… It absolutely BOGGLES THE MIND, the level to which Rs are in lockstep with Democrats, who doubtless can’t believe how stupid they are.

Full screed of Mr Boner at Boehner Gov with his 10 point lies.

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