Here’s my prediction

    Tonight, the President will address the nation and call for merging John Boehner and Harry Reid’s debt ceiling plans.In effect, the President says if he can get a one time increase, instead of having to have two takes to get what he wants, he’s pretty much ready to go along with John Boehner’s plan.So here is what I predict will happen:(1) Harry Reid’s plan will | Read More »

    Reid and Obama’s Fairy Tale Budget Cuts

    It’s becoming all too apparent that President Obama and his sidekick Montgomery Burns look-alike Sen. Harry Reid aren’t even a teensy bit serious about tackling our deficits and debt.  In a sideshow we can only look at and laugh, Reid proposed an alternative to the Boehner plan that includes cutting funding for Iraq and Afghanistan since we are leaving there.  Trouble is, those so-called ‘cuts’ | Read More »

    Get Them to the Greek

    http://www.mlgoodell.webs.com Word has it that the Republicans are losing the debt ceiling fight. According to some polls, while most Americans are opposed to raising the debt ceiling, they blame Republicans for failing to raise the debt ceiling. These polls also show that, having voted for Republicans in response to what was generally agreed to be out-of-control spending, the voters are angry at Republicans for attacking | Read More »

    Staff Briefing Notes on the Boehner Plan

    I was just given the following bullet points from one of the individuals who got briefed at the staff level on John Boehner’s proposal: On background if you would please*, just left the meeting on the Boehner deal. Some highlights: Outlay reduction for FY 12 – $25 billion cut in discretionary spending. Debt limit increase right away – $1 trillion Does not touch Obamacare funding, | Read More »

    Staff Briefing Notes on the Boehner Plan

    I was just given the following bullet points from one of the individuals who got briefed at the staff level on John Boehner’s proposal: On background if you would please*, just left the meeting on the Boehner deal. Some highlights: Outlay reduction for FY 12 – $25 billion cut in discretionary spending. Debt limit increase right away – $1 trillion Does not touch Obamacare funding, | Read More »

    The History of Deficit Commissions 1982-2011

    Apparently, the Republicans in Congress need a brief remedial lesson in the history of debt ceilings in this country over the last thirty years.January 1982 – Commission on Fiscal Accountability of the Nation’s Energy Resources — Debt at $1.14 TrillionJanuary 1983 – National Commission on Social Security Reform – – Debt at $1.20 TrillionJanuary 1984 – Executive Committee of the President’s Private Sector Survey on | Read More »

    The History of Deficit Commissions 1982-2011

    Apparently, the Republicans in Congress need a brief remedial lesson in the history of debt ceilings in this country over the last thirty years.January 1982 – Commission on Fiscal Accountability of the Nation’s Energy Resources — Debt at $1.14 TrillionJanuary 1983 – National Commission on Social Security Reform – – Debt at $1.20 TrillionJanuary 1984 – Executive Committee of the President’s Private Sector Survey on | Read More »

    Speaker Boehner Commits Us To A Credit Downgrade

    Congresswoman Renee Ellmers (R-NC) was on Fox News a while ago saying House Republicans are standing behind John Boehner and his proposal. They might want to think again.Having now reviewed it, it seems pretty clear that we will lose our credit rating as it does a lot of what the credit agencies have said not to do — mainly to punt.Beyond the Speaker’s spin, here’s | Read More »

    Speaker Boehner Commits Us To A Credit Downgrade

    Congresswoman Renee Ellmers (R-NC) was on Fox News a while ago saying House Republicans are standing behind John Boehner and his proposal. They might want to think again.Having now reviewed it, it seems pretty clear that we will lose our credit rating as it does a lot of what the credit agencies have said not to do — mainly to punt.Beyond the Speaker’s spin, here’s | Read More »

    Are Obama and Geithner planning to steal from the Social Security “Trust Fund”?

    I don’t think so. That would be such an attempt at political suicide that Democrat-Media Complex couldn’t possibly spin their way out of it. I think the President’s just trying to put a bit of fear into the hearts of those who rely on Social Security for a significant portion of their income (and as he amusingly admits, bluffing). But the only way that the | Read More »

    The Absolution I Cannot Give

    In the past 48 hours I have had call after call after call from members of the United States Congress. They’ve read what I’ve written. They agree. But they feel the hour is short and the end is nigh.So some are calling looking for alternatives. Some are calling looking for energy. Many are calling looking for absolution.And so I address them and put it here | Read More »

    The Absolution I Cannot Give

    In the past 48 hours I have had call after call after call from members of the United States Congress. They’ve read what I’ve written. They agree. But they feel the hour is short and the end is nigh.So some are calling looking for alternatives. Some are calling looking for energy. Many are calling looking for absolution.And so I address them and put it here | Read More »

    The President Rejects the Bipartisan Plan

    The President has rejected the short-term bipartisan deal that Reid and Boehner concocted.Now Boehner is losing the headlines with the media claiming Reid will offer no tax increases and more spending cuts than Boehner, not that they are real.It’s just another reason the House needs to draw a line in the sand and demand Cut, Cap, and Balance. Stop negotiating. Fight.You can listen to me | Read More »

    The President Rejects the Bipartisan Plan

    The President has rejected the short-term bipartisan deal that Reid and Boehner concocted.Now Boehner is losing the headlines with the media claiming Reid will offer no tax increases and more spending cuts than Boehner, not that they are real.It’s just another reason the House needs to draw a line in the sand and demand Cut, Cap, and Balance. Stop negotiating. Fight.You can listen to me | Read More »

    With Debt Deadline Looming, Markets on High Alert

    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 the latest debt ceiling negotiation developments from this weekend, and how the markets will react if no deal is reached in time. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to | Read More »