If the Senate bill is different than the House bill (and it almost always is, given the different agendas in both bodies and the need for more bribes), the two bills go to “reconciliation.” That’s where a committee made of members from both houses settles on a final compromise version of the two bills and sends them back to their respective bodies to be voted on. Then it gets sent to the President to become the law of the land.
June 30th, 2009 | Dan Denning | 21 comments | ContinuedAll Posts Tagged With: "superannuation"
Superannuation Raiding Party Being Formed II
Super funds represent a pool of capital the government doesn’t have to borrow on the international bond market. Of course, technically the super money is your money. But if Henry is up to what we think he’s up to, your money could soon be financing government-backed infrastructure projects or participating in corporate bond auctions. You can imagine the super industry would do these things anyway, if they seemed like good investments…
June 15th, 2009 | Dan Denning | 10 comments | Continued
Superannuation Raiding Party Being Formed
For the superannuation industry, the bigger problem is that the generational bull market in stocks is over. There are still sectors and industries that will do quite well and that fund managers can profit from. But finding them and managing to get capital into them at attractive prices is going to be a lot harder. People might actually have to work for a living and even think, rather than just clipping tickets and surfing a bull market higher…
June 12th, 2009 | Dan Denning | 48 comments | Continued
Is Kevin Rudd Planning to Steal Your Superannuation and Bankrupt Your Retirement?
Is Kevin Rudd coming for YOUR retirement cash? The next logical step is for the government to grab the superannuation balances of all working Australians. Read on…
May 19th, 2009 | Kris Sayce | 34 comments | Continued
