On the Blog: Terrorism Works, Distracts Country from Budget

The goal of the recent Times Square bombing attempt was not killing or scaring tourists in New York City—though that helps. The goal is undermining our society and economy. And it’s working. The country is taking its eye off the ball and letting Congress spend money without a budget. Read about it in a blog post entitled: The Times Square Bombing and the Budget: Terrorists Are Winning.

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Featured Items

This week, the Senate will continue debating S. 3217, the Restoring American Financial Stability Act of 2010.

Among other things, the bill would establish an “Orderly Liquidation Fund” to manage the failure of financial institutions. It would expand the authority of the Federal Deposit Insurance Corporation. And it would create a new Bureau of Consumer Financial Protection, among other changes to financial services regulation.

A new estimate has lowered the cost of S. 3217‘s passage from about $1,000 per U.S. family to about $970.

The House will debate H.R. 5116, the America COMPETES Reauthorization Act of 2010. The bill would spend money to support scientific research, industrial innovation, and educational activities at a number of different federal agencies.

Passage of H.R. 5116 would cost a little over $550 per U.S. family.

S. 3217
The Restoring American Financial Stability Act of 2010
Costs $974.21 per family

H.R. 5116
The America COMPETES Reauthorization Act of 2010
Costs $554.91 per family

What People Think

The Restoring American Financial Stability Act of 2010 12% For, 88% Against Vote on this Bill

The America COMPETES Reauthorization Act of 2010 50% For, 50% Against Vote on this Bill

Displayed below are new, updated, and passed items with their cost or savings per family.

New Items

H.R. 3913
To direct the Mayor of the District of Columbia to establish a District of Columbia National Guard Educational Assistance Program to encourage the enlistment and retention of persons in the District of Columbia National Guard by providing financial assistance to enable members of the National Guard of the District of Columbia to attend undergraduate, vocational, or technical courses
Costs $0.09 per family

H.R. 5116
The America COMPETES Reauthorization Act of 2010
Costs $554.91 per family

S. 446
A bill to permit the televising of Supreme Court proceedings
Costs $0.00 per family

S. 624
The Senator Paul Simon Water for the World Act of 2009
Costs $67.26 per family

H.R. 4842
The Homeland Security Science and Technology Authorization Act of 2010
Costs $25.93 per family

H.R. 5128
To designate the Department of the Interior Building in Washington, District of Columbia, as the “Stewart Lee Udall Department of the Interior Building”
Costs $0.00 per family

S. 2974
The Return of Talent Act
Costs $0.01 per family

H. Con. Res. 247
Authorizing the use of the Capitol Grounds for the Greater Washington Soap Box Derby
Costs $0.00 per family

H. Con. Res. 263
Authorizing the use of the Capitol Grounds for the District of Columbia Special Olympics Law Enforcement Torch Run
Costs $0.00 per family

Updated Items

S. 3217
The Restoring American Financial Stability Act of 2010
Costs $974.21 per family

Passed Items

P.L. 111-161
The Airport and Airway Extension Act of 2010

P.L. 111-162
A bill to provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes

P.L. 111-163
The Caregivers and Veterans Omnibus Health Services Act of 2009