Obama’s Cowardly Mendacity Over Sequestration
In August 2011, Obama hatched a deal to grant himself a free $2.1 trillion increase in debt, which would take him past the 2012 elections, thereby sparing him the embarrassment of another debt limit request during the campaign season. He knew that such a request was so bold it needed to be ensconced in a deal that would give voters the impression he was committed | Read More »
The GOP Waterloo
The time for equivocation over defunding Obamacare is over. The time for recalcitrance to fulfill the budgetary is long overdue. Now is the time for action. Over the past two years, we’ve heard a variety of excuses in defense of Republicans for failing to cut spending in any consequential way. Well, come March 1 those excuses are obsolete. The sequester is something that Republicans agreed | Read More »
Mitch McConnell Enshrined In The G.O.P. Hall Of Shame
As 2012 wound to a close, the lame duck Congress was faced with coming up with a solution to the self-inflicted financial crisis known as the “fiscal cliff.“ Self-inflicted because it was created by the same gutless politicians during the debt ceiling negotiations in 2011 who were now wringing their hands in search of a solution. One of the gutless politicians involved in those 2011 | Read More »
Cutting Spending – Washington Style
Throughout the past few years, we’ve noted that there’s too much focus on the dollars and cents of the budget. Even Obama and Democrats are talking about billions in spending cuts. It’s beginning to sound like an Old McDonald song: “a few trillion here and a hundred billion there; here a trillion there a billion, everywhere a spending cut.” However, once we cut through the | Read More »
CBO: Government to Spend $47.2 Trillion Over Next 10 Years
We’ve all been waiting to see the updated CBO Budget and Economic Outlook for 2013 and the next ten years. Most of the news articles are focusing their headlines on the deficit and debt numbers projected in the CBO report. But remember that the reason why CBO deficit projections always understate the reality is because they overstate the amount of revenue they expect to come | Read More »
Does the No budget No pay bill really make a difference?
I ask this in all seriousness. The House passing the bill is a good step I think, but where does it really get us? It allows Obama to continue his reckless spending until April at the earliest and only means that the Senate has to do the job that the Constitution requires them to do already. So again I ask does this really make a | Read More »
Tags: Barack Obama
, debt ceiling
, Harry Reid
, House of Representatives
, John Boehner
, Mitch McConnell
, U.S. Debt
Facing the Reality of Obamacare, Entitlements, and Budgets
It’s a done deal. Republicans in the House will overwhelmingly support a bill (HR 325) today which will suspend the debt limit law until May 19. The bill will also call on the Senate to pass a budget by April 15 – with the threat of cutting off pay for a dereliction of this duty, as prescribed by the 1974 Budget Act. In return for | Read More »
A Retreat Emanating from the GOP Retreat?
Republicans came into their annual retreat at Williamsburg, Virginia looking for a starting point in the upcoming debt and budget battles. It appears that they have emerged from the retreat with a full blown plan. They will pass a bill this week that will suspend the debt ceiling law until May 18. The debt limit increase will be tied to a requirement that the Senate | Read More »
Charles Schumer (D, New York): the Democratic-controlled Senate will pass a budget.
Please take note of this. Democratic Senators are a funny bunch, sometimes. Point out that they’re mandated, Constitutionally, to pass a budget every year? They yawn. Remind them that it’s rank hypocrisy to lecture people on fiscal responsibility when they won’t show any? You get a shrug in response. Observe that shenanigans like Senate Democrats not doing a budget since 2009 is one major reason | Read More »
The Senate is dismantling the budget process and abdicating Congress’s spending authority
During the last debt ceiling fight, some pundits in the media and on the left wished for the “Gephardt rule” when the House automatically raised the debt ceiling when they passed a budget. Josh Green at the Atlantic praised it in 2011, saying we should ”bring [it] back.” Now he is at Bloomberg and at it again and again and again. These pundits, and this is my first point, misunderstand what they are | Read More »
The Debt Limit is the right fight.
I have been reading a lot of things today about how people out there are thinking that we should not have the fight on the debt limit because it is as they say “the wrong fight”. People like Newt Gingrich think that we should wait and fight in March at the end of the CR and allow the debt limit to raise now and make | Read More »
Myth Buster Post (Sandy Hook and Debt Ceiling edition)
#1: There is no such thing as an “assault weapon”. It is a made-up term not unlike the “fiscal cliff”. When the Violent Crime Control and Law Enforcement Act of 1994 was written (the law containing the Federal Assault Weapons Ban), the ban applied to weapons of certain cosmetic characteristics, some of which had little or nothing to do with how effective a weapon is. | Read More »
BRAC the Budget
I am in favor of not raising the debt ceiling unless the President and Democrats come up with meaningful spending cuts and reforms. Contrary to a lot of the Democrats’ spin, the federal government will not default if the debt ceiling is not raised. Only if Little Timmy Geithner decides to not pay certain debts will the government default. It is his choice. But I | Read More »
Obama’s budget proposal will be late. Again.
Because apparently math is hard. The White House has informed House Budget Committee Chairman Paul Ryan (R-Wis.) that it will miss the legal deadline for sending a budget to Congress. Acting Budget Director Jeff Zients told Ryan (R-Wis.) late Friday that the budget will not be delivered by Feb. 4, as required by law, a House aide said.
Obama: It’s Okay to Break the Law When It Comes to Submitting a Budget
Under law, the White House must submit a budget this year by February 4. According to the Hill, Late Friday evening, Deputy Director Zients confirmed that for the fourth time in five years, the president’s budget will not be submitted in compliance with the law,” Only 1 budget out of 4 have been submitted on time — the budget in 2010. The rest of the | Read More »