The Debt Limit Fight and What Democrats Conveniently Ignore

By: davenj1 (Diary)  |  January 5th at 09:58 AM  | 

To hear the pundits talk, there is an impending royal battle developing over raising the debt ceiling sometime in February. Having given in on raising taxes in the “fiscal cliff” battle, Republicans won a sort-of victory by taking off the table giving the President control over the debt limit ceiling, something he demanded through his surrogate, Tim Geitner, in negotiations. That proposal resulted in some | Read More »

Us Racist, Jihadist, Terrorists

By: davenj1 (Diary)  |  August 5th at 08:09 AM  | 

So, the great debt ceiling debate and controversy is over for now and the post mortems are being written as to who won and who lost. Although the devil is in the details and we really don’t know much of the details, it is a wait and see game now. From my standpoint, the inclusion of some trigger mechanism to force cuts under threat of | Read More »

No (!!) “Clean” Debt Ceiling Bill

By: davenj1 (Diary)  |  April 21st at 12:06 PM  | 

     The next major vote in Congress will obviously be whether to increase the Federal debt ceiling.  This is a pivotal point in American fiscal history and policy that could have wide-ranging effects for years to come.  Today, Eric Cantor has fired the first shot and announced that Republicans will insist on structural changes to the budget process or budget cuts in exchange for votes | Read More »