The Feckless Are Phoning In Now
I’m already hearing whining and lamenting about my post this morning on conservatives’ need to do more than pledge. It’s only 10 a.m. and I’m getting the “how dare you question my integrity” emails and the “who the heck do you think you are” emails. “But . . . meow . . . I’m a 501(c)(3). I can’t do anything . . . meow.” That’s | Read More »
Are Conservatives & Conservative Organizations in D.C. Actually Feckless Wimps?
A number of conservatives and conservative groups in Washington, D.C. are pushing yet another pledge. This one is to cut, cap, and balance. They want you to pledge to urge your Senator and Congressman to oppose any debt limit unless all three of the following conditions are met: (1) substantial cuts in spending; (2) enforceable spending caps; and (3) passage of the Lee-Cornyn-Hatch Balanced Budget | Read More »
Short Memories And Republican Successes
Back on March 15th, I wrote a post pointing out what happens when Republicans get milquetoast — their polling goes down. If you will go back to March 15th, there was a poll out that said the GOP hadn’t been compromising enough. In fact, the poll said that “71% say the GOP is not willing enough to compromise with Obama on the deficit.” I noted | Read More »
Congressman Walsh Responds to Obama’s Debt Ceiling Demand
Congressman Joe Walsh (R-IL), sponsor of the House Balanced Budget Amendment bill, is drawing a line in the sand and refusing to raise the debt limit. He has sent out another video message to Obama evincing his unequivocal rejection of Tim Geithner’s fallacious fear-mongering . As some members of leadership go wobbly on the Balanced Budget Amendment, we must remind them why they obtained their | Read More »
Interest rates: Egg on our Faces
Just when you thought US Treasury debt couldn’t get more overpriced, it gets… more overpriced. The 10-year yield fell all the way to 2.95% yesterday. It held that level for part of this morning, and now is just under 3%. At least some of this has to be due to the supply disruption caused by the US hitting its debt ceiling. (Existing debt can be | Read More »
If the Republican Presidential Candidates Won’t Lead on This, What Will They Lead On?
It would be unfair to say that the Republican Presidential candidates have not weighed in on the debt ceiling. Most, if not all, have in passing mentioned the issue. But the time for mentioning the issue in passing is over. The Dow Industrials have fallen. The Fed wants to print more money. Obama is gutting NASA’s space mission to socialize healthcare and fund global warming | Read More »
We Can Now Afford One of the Two Americas, But Not Both
Redstate Colleague Moe Lane gives us an exquisitely humorous explanation of how Democrat Peter Welch got exactly the vote he wrote Speaker Boehner and requested in the House of Representatives. The House of Representatives voted 318-97 against adding $2.3Tr to the US debt ceiling without offsetting reductions in Federal expenditures. Rhetorical idiocy soon ensued. President Obama’s Baghdad Bob, Jay Carney, issued the following officially sanctioned | Read More »
Will Not Raising the Debt Ceiling Lead to Armageddon?
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by Pejman Yousefzadeh and Elizabeth Blackney duke it out about whether or not Congress should raise the debt ceiling and what may happen come August 2nd if they don’t. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email | Read More »
House votes against raising debt ceiling, 318-97.
Which is a surprise, given that I didn’t think that there were 318 Republicans in the House… no, wait, there aren’t. 82 Democrats voted against raising the debt limit without accompanying spending cuts; which is highly entertaining, given that 114 House Democrats signed Rep. Peter Welch’s letter requesting… precisely this vote. Do compare the signatories to said letter with the no votes on HR 1954: | Read More »
Is Our Economy Stuck in the Mud?
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss jobless claims, the Fed’s realization that American’s buy groceries and gas, and whether or not we’re ready to pay higher taxes to erase the debt. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If | Read More »
Secretary Geithner, spending is not a problem of the past
Unless we reverse course from the Obama Administration’s endless borrowing and spending policies, economic collapse is a certainty. If our entitlement programs are not reformed, they will go broke and break their promises to millions of seniors, disabled and needy Americans. If the government never stops spending more than it takes in, it will go bankrupt. And, if liberals are successful in passing massive tax | Read More »
John Boehner’s Line in the Sand
Last night, Speaker John Boehner addressed the Economic Club of New York and drew a line in the sand in the debt ceiling fight. It was a monumental game changer for the GOP and puts them back on offense. Let me back up briefing and note that the Washington Post’s own left leaning editorial board came out swinging on Sunday against the Democrats’ opposition to | Read More »
Don’t Raise the Debt Ceiling
I am no economist. In fact, as I researched for this piece and saw the diversity of opinions floating in the blogosphere and in the main stream press, it became clear to me that I am completely out of my element went it comes to national economics. However, I am a tax payer. I am a small business owner, and I am a person that | Read More »
David Malpass on the Government as a “Silent Partner”
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Francis Cianfrocca is joined by David Malpass, economist former Reagan administration official and founder of Encima Global to discuss the Fed, raising the debt ceiling and how the government is a “silent partner” in American business. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d | Read More »
Liars and Lies
Reporters, Democrats, and even some Republicans have begun repeating an infectious lie in the prelude to the debt ceiling debate. Secretary of Treasury Tim Geithner started it off and it has been repeated by reporters in print, on radio, and on television, including Fox News. The lie is very simple: a failure to raise the debt ceiling will cause a default on American debt. This | Read More »