Reid’s trillion dollar gimmick

By: Dan Spencer (Diary)  |  July 30th at 12:13 PM  | 

Harry “the only compromise is mine” Reid’s so-called budget cuts are based on the false assumption that we would keep spending the same amount on operations in Afghanistan and Iraq for ten more years even though President Obama has already started to withdraw our troops. That’s right, the Reid plan is based on cutting spending that was not requested and will not be spent. Congressman | Read More »

Obama fears losing reelection more than default

By: Dan Spencer (Diary)  |  July 24th at 02:03 PM  | 

President Obama, fearing losing reelection more than default, threatens to veto any last-minute debt package from Congress unless it extends the nation’s borrowing limit beyond the 2012 elections. Treasury Secretary Timothy Geithner told ABC’s “This Week” that Obama demands that any agreement to increase the debt ceiling extend beyond the 2012 elections. Obama’s chief of staff, Bill Daley, confirmed the veto threat. Daley was asked on NBC’s “Meet the | Read More »

Obama blows $800 billion in additional tax revenue

By: Dan Spencer (Diary)  |  July 23rd at 09:14 AM  | 

Blame Obama’s insatiable insistence on more and more taxes for the collapse of the debt ceiling negotiations. In the Los Angeles Times, Peter Nicholas and Lisa Mascaro tell us that on Sunday, July 17, Obama and the Republicans had agreed upon “$800 billion in revenue increases.” On Tuesday, July 19, the Gang of Six unveiled its deficit reduction proposal that included more than $1 trillion in | Read More »