While the GOP is playing games of distraction with the lives of innocent children at our border, with phony IRS scandals perpetrated by Darrell Issa, and bogus Benghazi fantasies trashing human lives, the Republicans quietly used that to very quietly pass a bill which will impact all of us. If you don't know what I'm talking about, then the GOP has done its job of 'follow the shiny object' while they attack us and our financial and consumer protections.
While the GOP won't vote for money to protect our borders, it quietly found time to vote on a bill to protect Wall Street.
WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives on Wednesday passed a bill to slash funding for Wall Street oversight and revamp new agencies dedicated to cracking down on fraud against consumers and policing risks after the financial crisis.
The $21.3 billion funding bill, which covers appropriations for the 2015 fiscal year beginning Oct 1 for financial services and other areas of government, passed the House in a 228 to 195 vote along largely partisan lines.
Ask yourself this: why are Republicans protecting Wall Street over the US citizenry? They claim border security is a major concern. What about our financial security and our customer fraud protections?
It [the bill] would temporarily bar a group of regulators responsible for policing market risks from designating large non-bank companies as “systemically important” – so big that their failure would destabilize markets.
In lay terms, it would make them "Too big to fail, too big to jail." Is that really the GOP looking out for us? Can any Republican say, "Lehman Brothers?"
The legislation would also cut mail delivery on Saturdays. Along with that is another seemingly unrelated issue to the Wall Street funding bill. This piece of legislation would prevent the District of Columbia from using federal funds to pay for abortions [including incest and rape victims] and implement rules that decriminalize marijuana use. What's the connection to Wall Street oversight with these tag-ons? Is this a funding bill or some criminal bill? Maybe the only thing criminal about it is that it passed the GOP house.
So as not to make this sound too one-sided. The House Republicans in this spending bill did take a much needed stab at cutting the deficit with a partial spending off-set.
It includes a ban on using taxpayer funds to pay for oil paintings of government officials, including the president and members of Congress.
If that makes it through the Democratic senate (fat chance there), we'll finally have a cost saver we can all live with.