[Itís Official: HereĎs the Fedís Major Announcement (QE3 Is Here!) by Becket Adams] "The Federal Reserve announced Thursday that it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the economy and reduce high unemployment.
ďIf the outlook for the labor market does not improve substantially, the committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability,Ē the Fed said in a statement released after the meeting.
"Prior to 1917, the Senate was a body of unlimited debate, designed to check and limit the growth of government. In 1917 however, the Senate adopted a cloture rule that allowed two-thirds of the Senate to vote to end debate. For the first time, a determined majority could force a vote over the objections of a minority. Since then, the Senate has made it even easier to halt debate. In 1975, the threshhold was changed from two-thirds of the Senate to just three-fifths." Source
"Changes to Senate rules have made it easier for government to grow - and it has grown. The federal government expanded from two percent of Gross Domestic Product in 1903 to a peacetime high of twenty-five percent in 2009." Source
Cutting our own throat: Obama wants $800 million for "Arab Spring" countries, military aid to Egypt
In this the U.S. is paying for the installation of Islamic supremacist pro-Sharia regimes that will deny the freedom of speech and freedom of conscience, institutionalize oppression of women and non-Muslims, and embark on a jihadist course vehemently and violently hostile to Israel and the U.S. "Obama proposes $800 million in aid for 'Arab Spring,'" by Susan Cornwell for Reuters, February 13:
WASHINGTON | Mon Feb 13, 2012 12:39pm EST (Reuters) - The White House announced plans on Monday to help "Arab Spring" countries swept by revolutions with more than $800 million in economic aid, while maintaining U.S. military aid to Egypt.
In his annual budget message to Congress, President Barack Obama asked that military aid to Egypt be kept at the level of recent years -- $1.3 billion -- despite a crisis triggered by an Egyptian probe targeting American democracy activists.
The proposals are part of Obama's budget request for fiscal year 2013, which begins October 1. His requests need the approval of Congress, where some lawmakers want to cut overseas spending to address U.S. budget shortfalls and are particularly angry at Egypt.
Obama proposed $51.6 billion in funding for the U.S. State Department and foreign aid overall, when $8.2 billion in assistance to war zones is included. The "core budget" for the category would increase by 1.6 percent, officials said.
Most of the economic aid for the Arab Spring countries -- $770 million -- would go to establish a new "Middle East and North Africa Incentive Fund," the president said in his budget plan....
Egypt has long been among the top recipients of U.S. aid, getting about $1.6 billion annually, mostly in military assistance. In fiscal 2012, $250 million of aid approved for Egypt was economic; $1.3 billion was military and there was a $60 million "enterprise fund" approved by Congress.
No U.S. assistance is moving to Egypt at the moment, U.S. lawmakers and their aides said last week. Some legislators favor cutting off aid to Egypt entirely if it does not drop accusations against American democracy activists and lift a travel ban on them.
Obama continued the practice of putting proposed foreign assistance for war zones in a separate account. This account, known as the "Overseas Contingency Operations," includes $8.2 billion for the State Department and foreign aid.
It includes $3.3 billion for Afghanistan, $1 billion for Pakistan, and $4 billion for Iraq, where U.S. troops have left the country but the State Department has picked up some of their functions such as police training.
"As federal spending and deficits have surged, so has each American's average share of the national debt. From slightly over $52,000 this year, debt per person will climb above $76,000 per person in 2022 - unless Washington changes course." Source
"Washington is not talking about real spending cuts, just reducing the rate of growth in spending. Rather than reducing the size of the federal government, Congress is debating how much more government should grow." Source