Author Topic: Bailout bill: Some of the crazy things we're paying for...  (Read 527 times)

donrhummy

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Bailout bill: Some of the crazy things we're paying for...
« on: October 02, 2008, 03:22:27 PM »
This is no joke...

http://www.usnews.com/blogs/the-home-front/2008/10/02/how-did-the-bailout-bill-get-so-long.html

Quote
SEC. 308. INCREASE IN LIMIT ON COVER OVER OF RUM EXCISE TAX TO PUERTO RICO AND THE VIRGIN ISLANDS...

SEC. 317. SEVEN-YEAR COST RECOVERY PERIOD FOR MOTORSPORTS RACING TRACK FACILITY....

SEC. 325. EXTENSION AND MODIFICATION OF DUTY SUSPENSION ON WOOL PRODUCTS; WOOL RESEARCH FUND; WOOL DUTY REFUNDS...

SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.

And this doozy:
Quote
Section 122. Increase in the Statutory Limit on the Public Debt.: Raises the debt ceiling from $10 trillion to $11.3 trillion.

You can read the actual bill here: http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf

donrhummy

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Re: Bailout bill: Some of the crazy things we're paying for...
« Reply #1 on: October 02, 2008, 03:29:49 PM »
Other fun stuff in there:

Sec 504. It says that anyone receiving a settlement from Exxon Valdez litigation will be treated as a fishing company regardless of your actual line of work and that amount is treated as fishing income. (WTF?!)

2ND COMING

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Re: Bailout bill: Some of the crazy things we're paying for...
« Reply #2 on: October 02, 2008, 03:30:18 PM »
yea...the repubs needed to make sure they're constituants were happy before they voted yay

donrhummy

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Re: Bailout bill: Some of the crazy things we're paying for...
« Reply #3 on: October 02, 2008, 03:35:59 PM »
There's also oil-spill liability changes in there on page 260. Jeez, I'm almost afraid to keep reading this thing. What else did they hide in there?!

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Re: Bailout bill: Some of the crazy things we're paying for...
« Reply #4 on: October 02, 2008, 03:39:15 PM »
There's also oil-spill liability changes in there on page 260. Jeez, I'm almost afraid to keep reading this thing. What else did they hide in there?!

there were 300 or so pages added to the bill overnight.

tonymctones

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Re: Bailout bill: Some of the crazy things we're paying for...
« Reply #5 on: October 02, 2008, 03:44:45 PM »
this is why i think the shit should have been privately funded even though that is probably impossible...raise your hand if you didnt expect shit like this go happen? this always happens shit gets thrown in b/c they know the bill will pass.