May 12, 2008

Drinks with Joe

In or around NYC this Thursday? Come on by for some Policy on the Rocks - at American Idle.

As China churns out engineers, the internet flattens the earth and US teens take a pass on Math, citizenJoe stops to ask "Does America still have what it takes to be #1?"

We hope you join us at Star Lounge for a Singapore Sting or two while Marc Chandler - Wall Street strategist, global development prof and straight-shootin' economist - helps us place the American corporation and worker on the shifting world economic map.

Check out the details.

This Week on Capitol Hill

Wars & the dole: The Iraq and Afghanistan wars may get a hefty allowance approved by the House this week, with a $184 billion bill lined up to cover the wars' expenses through '08 and into '09. As with all must-pass national security bills, it will come with add-ons (the better to avoid vetoes with) including: extensions for unemployment insurance, a mini GI bill, and a hold on new Medicaid regulations that would cut back payments to the states. Lawmakers may take another swipe at setting a timeline for troops to come home, but that's not going to happen.

Floods & oil: Senators will use a flood insurance bill as a platform for some of their notions on how to bring down gas prices. Dems will push to add a measure to keep the Strategic Petroleum Reserve from further filling (which will probably pass) while Republicans will rally to open up drilling in coastal waters and in the Arctic National Wildlife Refuge (which probably won't).

Farm finale (?): The House and Senate may pass a farm bill this week - no, really - but it might not be the final act for the the mammoth bill, which covers farm subsidies, conservation programs and food stamps. The president has threatened to nix the bill, arguing that fewer wealthy farmers should be eligible for subsidies and that international food aid programs should buy more food abroad. It's a close call on whether Congress has the votes to override his veto.

If you want to let your Congressfolk know where you stand on any of the issues above, you can email them through Congress.org, because...

Hey, it's your democracy too.

- teamJoe

Next update: May 19

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