Senate Dems approve another $500 billion debt limit increase

By: Dan Spencer (Diary)  |  September 9th at 12:01 PM  | 

Senate Democrats gamed Republicans and saved their unpopular President from issuing a veto to get his request for another $500 billion in the national debt. Last night, after Obama’s “pass this bill” speech, 52 Senate Democrats voted not to consider the Resolution disapproving President Obama’s request to increase the national debt. Resolved by the Senate and House of Representatives of the United States of America | 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 »