Why is the Senate Debating the Bailout

Discussion in 'Economy' started by Navy1960, Oct 1, 2008.

  1. Navy1960
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    Navy1960 Senior Member

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    Article I, Section 7 states that all revenue bills shall originate in the House of Representatives but the Senate may propose or concur with Amendments as on any other bills. The reason for this is that at the time the Constitution was written, it was felt that Senators would be more wealthy than Representatives and might be willing to spend more government money than the Representatives would. Also, the House with its greater numbers was seen as being the better guage of the wishes of the people for spending measures.

    Why is the Senate voting on the Bailout? will someone please tell me, isn't the house supposed to take up the measure again before the Senate can vote on it? Or am I misreading it?
     
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  2. dilloduck
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    dilloduck Diamond Member

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    Oh I'm sure they can cite a loophole. They don't think anyone notices it anyway.
     
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  3. Jon
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    Jon The CPA

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    I'm slightly confused too. But still yet, even if the Senate passes it, it still has to go through the House to get to the White House.
     
  4. Navy1960
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    Navy1960 Senior Member

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    You would think someone would be making a big time fuss over this. I was always under the impression that spending bills like this had to come from the House First. I guess they didn't like the results the other day.
     
  5. dilloduck
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    dilloduck Diamond Member

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    Just erase some words like 'originate'. no biggie
     
  6. Navy1960
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    Navy1960 Senior Member

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    If this new bill is comming from the Senate them it would have to be voted on by the House, then signed by the President. It just seems that the House needed to take this up again before the Senate got going with it.
     
  7. dilloduck
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    dilloduck Diamond Member

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    It probably seems that way because that's exactly what the constitution SAYS. Revenue bills must originate in the House.
     
  8. Navy1960
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    Navy1960 Senior Member

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    I know, lol and then I see CSPAN and listen to the talking heads, all giddy about how the Senate will be passing a Bailout bill today and thats why the Market is not tanking. I wonder if they still hand out those little constitutions to anyone when they first get to Washington D.C.? or is that optional now? lol
     
  9. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    This bill did originate in the House. The consitituion says nothing about it passing the House. The Senate can take up the same revenue bill with amendments(which they have) and push it along. Still has to go back throughtc the House, but there is your loophole in a nutshell.
     
  10. Navy1960
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    Navy1960 Senior Member

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    Ahh so they are taking up the same bill that did not pass and adding amendments, I see. Thank you Crimson, I was wondering how they were doing this, to listen though you would think this was a completely new bill.
     

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