Another Bill - Increase Unemployment Benefits - Tax the Oil Companies

The House is planning on voting on a new bill, next week, that will expand unemployment benefits, and expand various tax cuts that expired in Jan but, will increase taxes on oil companies.

 "This is a bill about creating jobs, preventing outsourcing of jobs overseas, closing loopholes that corporations and wealthy individuals (use for) avoiding U.S. taxes and meeting the needs of those who have lost their jobs through no fault of their own," House Speaker Nancy Pelosi, D-Calif., said.

The overall cost of the bill will top $150 billion and could approach $200 billion.

Click title of this post to see more details about what is included in this bill. It is truly astonishing. I understand wanting to help people but, this spending by the demoncraps is completely out of hand.

All of this is just going to increase our deficit. Examples include:

-$1 billion for summer jobs programs, for workers ages 16 to 21.

-$4.6 billion to settle long-running class action lawsuits brought by black farmers and American Indians. One lawsuit concerned the government's management and accounting of more than 300,000 trust accounts of American Indians. The other is a discrimination lawsuit brought by black farmers against the Agriculture Department.