#BeatCancer Takes Off on Twitter - Raises Funds

Tip for the day... Anyone who uses Facebook or Twitter include the hash tag #beatcancer in your posts to raise money for cancer related charities. Each Tweet or Facebook post raises $.01, the goal being that the more it is spread through people's networks, the more people re-tweet and re-post, the potential for money raised rises exponentially. Cool way to raise money for a good cause, and interesting social media experiment to see how effective the big 2 social media sites can be in both spreading a message and generating fund-raising dollars.

For more info from Mashable... Social Media Campaign to Beat Cancer

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#BeatCancer Social Media Cancer Fundraiser #BeatCancer

Rush Put on House Health Care Bill By Pelosi

Health Care legislation is still on a fast-forward track, at least in the House. This creates a dilemma for Democrats as two very different bills are underway in the House and Senate. Neither have any support from Republicans, and the measures such as the public option and surtax that are likely to be included in the House bill probably will not be accepted in the Senate. The Democrats have full control of the both chambers of Congress, yet are deeply divided on core elements of health care reform creating an odd circumstance where there is a big rush on a bill that has yet to find any consensus.

From the Hill Pelosi wants House to pass healthcare bill ‘within weeks’

Speaker Nancy Pelosi wants to make final decisions this week on the healthcare reform bill that will hit the House floor, but some centrists in the lower chamber want her to hold off until the Senate Finance Committee acts.

Pelosi’s (D-Calif.) push to decide issues like how to pay for the bill and the shape of the “public option” means that this week will be crucial for healthcare in both chambers.

It also makes it more likely that the House bill will include an income surtax on the wealthy and a public option more to the liking of liberals in her caucus.

“That’s where the caucus is,” said a Democratic leadership aide.

During an event in Philadelphia on Monday, Pelosi said the House will pass a healthcare reform bill “within weeks.”

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The Speaker last week publicly reaffirmed her support for the surtax and the public option. In a leadership meeting last week, House Ways and Means Committee Chairman Charles Rangel (D-N.Y.) spoke up strongly in favor of the surtax, though he and Pelosi have disagreed on its parameters.

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Pelosi Still Rushing Health Care Bill

Budget Deficit Tops $1,000,000,000,000 #tcot #tlot

From MarketWatch.com U.S. budget deficit rises above $1 trillion

WASHINGTON (MarketWatch) -- The U.S. recorded a federal budget deficit of $94.3 billion in June, pushing the cumulative deficit so far this year to a record $1.08 trillion, the Treasury Department reported Monday.

Outlays rose in June to $309.6 billion, while receipts climbed to $215.3 billion in the month.

Among the outlays for June is $11.3 billion in Troubled Asset Relief Program funds, the bailout program for banks and U.S. automakers.

At this time last year, the cumulative federal budget deficit was just $285.8 billion.

The Obama administration expects a deficit of $1.84 trillion for the full fiscal year, which ends in September. However, that number is likely to be revised higher later this month, since the economy has been much weaker than when the original estimate was made.

The budget deficit for June is down from the $189.7 billion figure in May but was still enough to push the fiscal year-to-date deficit past the $1 trillion mark.

For fiscal year 2010, which begins in October, the administration is projecting a $1.26 trillion deficit.