Was that bailout trading dollars for chinese yen or what?
I heard it was all just to bailout chinese investors or they would cash in the T-bills and bonds we sold them. We cannot make foreign investors angry with our national debt and shaky economy.
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about 1 year ago
In Article I, Section 7 of the United States Constitution, the House of Representatives in given the exclusive authority to introduce bills raising revenue by the clause “All bills for raising Revenue shall originate in the House of Representatives.” Under House precedent, this includes bills “raising revenue and appropriating the same” and the House considers itself to be the only proper venue to originate any bills appropriating revenue. (The Senate has historically disagreed with the House, but to no avail.)
When, in the opinion of the House of Representatives, a Senate-introduced bill that raises revenue or appropriates money is passed by the Senate and sent to the House for its consideration, the House places a blue slip on the legislation which notes the House’s constitutional prerogrative and immediately returns it to the Senate without taking further action. This blue-slipping procedure, done by an order of the House, is routinely completed to enforce its interpretation that the House is the sole body to introduce revenue or appropriations legislation. The failure of the House to consider the legislation means it cannot become a law. This tactic has historically proven of great use to the House and, as a practical matter, the Senate does not introduce tax or revenue measures to avoid a blue slip.
The Senate wrote the bill and sent this to the House and the house passed it. This bill is DOA. Will anyone see this Bill is rejected or file a lawsuit?