The Debt Limit Fight and What Democrats Conveniently Ignore
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 »
You have not converted a man because you have silenced him
You have not converted a man because you have silenced him
What Republicans can’t do, can do, ought do and must do
Only President Barack Obama can cause the U.S. to default on its sovereign debt, and congressional Republicans must make this fact clear to the American people before the current debt ceiling is reached. And only by owning the definition of “default” does the minority party in control of only one house of Congress have any chance of using the debt limit debate to rein in | Read More »
Have Republicans Boxed Themselves Into a Government Shutdown?
First of all, I hope so.But have they boxed themselves in?Consider that the fiscal cliff deal is playing badly with lots of folks, not just partisan Republicans and partisan Democrats. Congress playing brinksmanship with nothing to show for it really is aggravating the American public.If both sides are going to play at brinksmanship, at some point the base of the parties and the American public | Read More »
Happy Debt Ceiling Day
It feels like yesterday when John Boehner was bragging how he got 98% of what he desired from the deal negotiated to raise the debt ceiling in August 2011. Yet just 17 months after Obama was granted a $2.1 trillion debt limit increase to preserve his reelection, we have breached the new ceiling. In just 519 days, we’ve burned through $2.1 trillion in debt, for | Read More »
Great News: 16.4 Trillion debt ceiling to be hit Dec 31
According to the math whiz that runs the Treasury Department, we will hit the debt ceiling sooner than we expected. Don’t worry though through some accounting gimmicks he can make us reach Feb. Maybe. Some how the guy who couldn’t figure out turbo tax can figure out to the day we will run out of money. Something smells fishy here. So at the same time | Read More »
We allowed this to happen now deal with it.
I have been trying to figure out what I wanted this post to say for a few days. Today it struck me as to what it was that I wanted to say. I have been reading that people think that the Conservative caucus of the Republican House screwed everything up by throwing a “Tantrum” and making sure that Plan B failed. Some people believe that | Read More »
Are We Living in the Twilight Zone?
At least Esau got a bowl of lentil soup for selling out his birthright. What will Republicans get? It’s amazing how events in politics seem to repeat themselves more often than Charlie Brown and the football. It seems like it was yesterday that we were advocating against Boehner’s trial balloon vote to raise the debt ceiling at the end of July. Back in 2011, it | Read More »
Boehner Can’t Give Away the House Fast Enough
What is worse than striking out? Grounding into a double play. Not only is Boehner prepared to raise taxes – both through capping deductions and increasing marginal rates – he is now prepared to preemptively surrender our last point of leverage in one fell swoop. The media is now reporting that Boehner offered Obama a clean 1-year debt ceiling extension as part of the deal | Read More »
“Next Time We’ll Really Stick it to Obama”
A common tactic used by someone who fears confrontation is to contrive an excuse for not battling his adversary at the present, while promising to deal harshly with him in the future. That’s how the GOP has operated with Obama in all of the budget battles over the past two years. It’s always ‘the next fight.’ There is an emerging consensus from some conservatives inside | Read More »
Raising Taxes… in Return for What?
It’s not like we haven’t been through this recently. In fact, we’ve seen this rodeo less than 18 months ago. When will Republicans learn their lesson? Republicans came to power in 2011 promising to put a stop to Obama’s addiction to spending and growing government. They pledged to cut $100 billion immediately. They had a number of opportunities to leverage their control over the budget | Read More »
Understanding the Modern Democratic Party
Franklin Roosevelt forged the modern Democratic Party in the midst of the Great Depression. Long before Rahm Emanuel spoke of “never letting a crisis go to waste,” FDR used the economic crisis of the 1930s to bludgeon the Republican Party and unite a governing coalition that made the Democratic Party the dominant political party from 1930 to the present.* In the process, FDR demonstrated that | Read More »
Let’s Get Rid of the Debt Ceiling
Treasury Secretary Timothy Geithner has taken a lot of criticism for proposing the elimination of the US debt ceiling. But what is the point of a debt ceiling if we crash through it on a rocket-propelled spending binge every time we get there? As a debt-control measure, the debt ceiling is a complete failure, one the private-sector would have long-ago relegated to the ash-heap of | Read More »
Republicans Beclown Themselves With Sequester
Last week, I was watching the House debate over the sequester replacement bill, and was struck by the effectiveness of Chris Van Hollen’s attacks against the Republicans. Their absurd gyrations of ideological inconsistency have exposed them to pungent attacks from Democrats. Honestly it’s hard to defend them against those attacks. Pursuant to the Budget Control Act – the absurd debt ceiling agreement from last year | Read More »
The Debt Ceiling Deal One Year Later
As we approach the 1-year anniversary of the disastrous debt ceiling deal hatched late last July, it is worthwhile to reflect on what we have gained from that legislation. On August 1, 2011, the House passed the Budget Control Act with support of 72% of the Republican conference. The Senate followed suit on August 2, with support of 60% of the Republican conference. Buoyed by | Read More »