A Second Chance for Republicans
Now that the entire country sees the ten-alarm fire that has set our healthcare system ablaze, Democrats feel compelled to do something. Their Mr. Fix It plans are akin to an arsonist posing for a photo op with a 2-liter pitcher of water to put out the wildfire. Will Republicans continue to pose with them in the photo op or will they kick them aside | Read More »
Mitch McConnell in his Own Words
Watch carefully with the understanding that this is the most powerful, well-connected Republican in Washington, and you will see why we are losing. Enough said. Open thread Tuesday.
Chuck Schumer Introduces the ‘McConnell Rule’
Last week, I noted that Mitch McConnell’s slick debt ceiling plan would pave the road for permanently abolishing the debt limit, as long as members would get a ceremonial vote of disapproval. Well, it didn’t take long for the idea to grow roots. On Meet the Press, Chuck Schumer, who has enthusiastically praised McConnell for doing his bidding, announced that he would introduce legislation echoing | Read More »
The Tea Party vindication
Tea Party supporters are supposed to be disheartened by how the great shutdown saga turned out. We’re back where we started, following an expense of political capital that achieved nothing, with polls showing damage to the Republican “brand.” Worse, the balance of power in our representative government has permanently shifted toward the executive branch. The legislature is now virtually powerless. Raising the debt ceiling is | Read More »
Cocktails & Markets: Obamacare’s Technological Nightmare
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca for a Thursday evening taping to discuss the winners and losers of the debt deal, Wall Street’s reaction to the turmoil and the technological nightmare that is Obamacare’s rollout.
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McConnell Debt Plan: Press Release Conservatism
The $2 billion Kentucky Kickback is not the only treat in McConnell’s bag of Halloween tricks. The final deal to sell out the American people with Obamacare and perennial debt includes a hallmark of the 2011 McConnell debt ceiling plan. Section 1002 of the bill provides for McConnell’s infamous resolution of disapproval. Basically, within three weeks of the President’s official request for a debt limit | Read More »
A Postmortem of the Reid-McConnell Deal
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Matt Lewis to discuss the Reid-McConnell deal that ended the shutdown and raised the debt ceiling, what this means for the GOP and if Boehner strengthened or weakened his power as Speaker.
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The Pirate Game, The Shutdown and The Debt Ceiling Ultimatum
Let’s say for the sake of hypothesis that the current Federal Budgetary process is so badly broken and divorced from any legitimate concern for the American commonweal that we could describe it as five pirates deciding how to divide up the spoils from looting America. Mathematician Ian Stewart proposed a mathematical game that could describe how this situation could work itself out. There are 5 | Read More »
, debt ceiling
, Government Shudown
, Guns of August
, Nash Equilibrium
, Oct 17
, Pirate Game
, Von Schlieffen Plan
Halloween Mitch: Only Tricks, No Treats
He is invisible. He vanishes from the scene. He lurks in the shadows to sabotage conservatives at the most crucial points. Then he swoops down and picks up the carcasses he helped create. He is Mitch McConnell. Here are the latest tricks in the invisible man’s grab bag: Pass a Continuing Resolution to fund all of government, including every aspect of Obamacare, until January 15. | Read More »
The basic framework of the deal Mitch McConnell and Harry Reid have hammered out is coming to light. The provision the GOP is crowing over — that the Obama Administration will check the income levels of those who receive a subsidy — is already the law. Meanwhile, the GOP will let the rest of the year proceed above sequester level spending, give the unions another | Read More »
Debt default: global threat, or greatest stimulus plan ever?
The World Bank and International Monetary Fund declare themselves deeply troubled by the U.S. government shutdown crisis, and the looming possibility of “default.” There is absolutely zero possibility of actual default, mind you. Such a thing would only happen if President Barack Obama explicitly directed it, because there is a vast amount of spending the federal government could cut before it became necessary to think about defaulting | Read More »
Fighting Obamacare: The Difference Between Cutting Spending and Limiting Harmful Government
As Mitch McConnell puts the finishing touches on his terms of surrender, here are some thoughts to ponder. Republicans and conservatives have spent the past few years messaging their platform to the American people built upon budget-speak. It’s all about the debt and cutting spending. In reality, we don’t have a spending problem per se, we have a big and harmful government problem. The two | Read More »
IMF v Europe and Harry Reid v the GOP
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the IMF spat with Europe over Greek debt, if Greece will ever be able to pay back their loans and the latest on a debt ceiling and shutdown deal.
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Now It’s Time for Full Throttle Defund of Obamacare
The House plans to pass a bill to raise the debt limit by $117 billion, bringing the new deadline to November 22. The bill will specifically prohibit the Treasury Department from using extraordinary measures to concoct an arbitrary crisis deadline. Conservatives can debate the prudence of this particular strategy, but the more important question is what comes after the vote on this bill. The establishment | Read More »
A Short Term Debt Ceiling
It seems the GOP has taken a hint and will continue the fight on Obamacare by punting the debt ceiling discussion six weeks to Thanksgiving. I think this is wise, though I think the GOP should not do a clean increase. They should tie it to a full faith and credit act or something to stop future market jitters over this stuff. The GOP should | Read More »