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Keyword: ceiling

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  • Obama Would Rather Be Talking About NFL Lockout Over Debt Crisis

    07/11/2011 12:05:27 PM PDT · by RightGeek · 17 replies
    Real Clear Politics ^ | 7/11/2011 | Barack Obama
    (video at link) "We are not out here trying to use this as a means of doing all these really tough political things. I would rather be talking about stuff that everybody welcomes like new programs or the NFL season getting resolved. Unfortunately, this is what's on our plate. It's before us right now and we've got to deal with it. What you are right about, I think, is that the leaders in the room here, at a certain point, have to step up and do the right thing regardless of the voices in our respective parties that are trying...
  • Obama was against raising the debt before he was for it

    07/09/2011 2:25:51 PM PDT · by Starman417 · 1 replies
    Flopping Aces ^ | 07-09-11 | DrJohn
    In the sparring over the issue of raising the debt ceiling BArack Obama weighed in with "harsh language." In some of his harshest language to date in the fight over the deficit, President Obama warned today that the debt ceiling should not be “used as a gun” against Americans to extract tax breaks for the wealthy. Speaking at the Twitter Town Hall at the White House today, the president said Congress “shouldn’t be toying” with the debt ceiling and cautioned against risking the financial health of the country in order to protect the interests of the super wealthy. “Never...
  • A Debt-Limit Election

    06/30/2011 1:35:26 PM PDT · by Hojczyk · 7 replies
    Wall Street Journal ^ | June 30, 2011 | DANIEL HENNINGER
    Democrats say they won't vote to raise the debt limit unless they get someone in the private sector to pay higher taxes. Republicans say they won't raise the debt limit unless they get reductions in public-sector spending without raising taxes. Shall we put this to a vote? Not a vote of Congress, but of the American people—the 130 million or so who will vote for president in November 2012. The debt-limit fight is being depicted as mostly a green-eyeshades funding technicality, dating back, not surprisingly, to 1939. It's bigger than that. When Congressman Paul Ryan says we have arrived at...
  • Biden warns GOP on debt ceiling talks (failed Gaffemaster simply can't shut up)

    06/26/2011 10:20:04 AM PDT · by Libloather · 12 replies
    Salon ^ | 6/26/11 | KEN THOMAS
    Biden warns GOP on debt ceiling talksVP says middle class will not "carry the whole burden" of deficit reduction By KEN THOMAS, Associated Press Sunday, Jun 26, 2011 10:08 ET Vice President Joe Biden said Saturday the Obama administration wouldn't let middle class Americans "carry the whole burden" to break a deadlock over the national debt limit, warning that the Republican approach would only benefit the wealthy. Addressing Ohio Democrats, Biden said there had been great progress in talks with Republican lawmakers on a deficit-reduction plan agreement. But he insisted that his party wouldn't agree to cuts that would undermine...
  • Biden, Geithner Push Republicans on Raising Revenue (More Spending Coming!)

    06/10/2011 11:45:46 AM PDT · by GreaterSwiss · 21 replies
    SF Gate ^ | 6/10/2011
    Vice President Joe Biden and Treasury Secretary Tim Geithner pressed Republicans to accept revenue increases to help curb deficits in a meeting aimed at reaching an agreement to raise the U.S. debt limit before Aug. 2, two congressional aides said. Senator Orrin Hatch of Utah, the top Republican on the tax- writing Senate Finance Committee, said he would consider supporting an employer payroll tax cut being considered at the White House, even as he says President Barack Obama could create jobs more efficiently. Conrad said he would instead support about $100 billion in infrastructure spending to help create jobs. Senator...
  • The 10 Signs That The Double-Dip Recession Has Begun (So long to recovery)

    06/06/2011 10:03:54 AM PDT · by SeekAndFind · 46 replies
    Wall Street 24X7 ^ | 06/06/2011 | Douglas McIntyre
    The US has entered a second recession. It may not be as bad as the first. Economists say that the Great Recession began in December 2007 and lasted until July 2009. That may be the way that the economy was seen through the eyes of experts, but many Americans do not believe that the 2008-2009 downturn ever ended. A Gallup poll released in April found that 29% of those queried thought the economy was in a “depression” and 26% said that the original recession had persisted into 2011. It is any wonder that many Americans believe that the economic downturn...
  • Moody's Issues Credit Warning to U.S. Amid Political Wrangling Over Debt Limit

    06/02/2011 5:13:05 PM PDT · by Son House · 14 replies · 1+ views ^ |
    Moody's Investor's Service said it would place the government's Aaa rating under review for a possible downgrade due to the "very small but rising risk" of a short-lived default if the White House and Republican leaders can't agree on raising the nation's debt ceiling, which has already hit $14.3 trillion. Moody's announcement followed the lead set by S&P, which announced in April that it was downgrading the U.S. credit outlook to negative over the nation's mounting debt. The news was just the latest sign of the massive financial problems facing the nation as the economy's recovery sputters. ... Rep. Dave...
  • Stocks skid as banks slash jobs outlook

    06/01/2011 9:49:16 AM PDT · by Deo volente · 79 replies ^ | June 1, 2011
    NEW YORK (Reuters) - Stocks skidded on Wednesday, with the Nasdaq off 1 percent as more weak economic data cemented fears of a slowdown and prompted big Wall Street players to slash their forecasts ahead of the closely watched payrolls report on Friday.
  • Debt Ceiling: No Retreat, No Surrender

    05/31/2011 6:10:41 PM PDT · by Neoavatara · 6 replies
    Neoavatara ^ | May 31, 2011 | Neoavatara
    Today, the House of Representatives rejected elevating the debt ceiling. It was no surprise that Republicans uniformly voted against the measure. It was more interesting that 82 Democrats also voted 'No'. The Democrat leadership, led by Nancy Pelosi and Steny Hoyer, framed the vote as a protest over what they called hyperpartisanship. Sure..I am sure that is why your Blue Dog coalition voted against the measure. Of course, if they really wanted to protest...why not just vote 'Present'? Simple: they wanted to have political cover as well on the issue. This furthers the debt ceiling fight, which will quickly come...
  • Dave Camp reassures Wall St. on debt limit

    05/25/2011 8:35:28 AM PDT · by worst-case scenario · 8 replies
    Politico ^ | 5/25/11 | Ben White
    House Ways and Means Committee Chairman Dave Camp (R-Mich.) has been working the phones in conversations with top banking executives to explain the politics of next week’s planned debt limit vote in the House, sources tell POLITICO. The vote will be on a measure to raise the $14.29 trillion debt limit with no spending cuts. With the GOP majority and many Democrats opposing this “clean vote” approach, it will fail. But Camp has made the case to Wall Street that the vote is just a political marker intended to make clear that significant cuts will be required to get an...
  • One giant debt for mankind:

    05/23/2011 3:39:29 PM PDT · by mdittmar · 3 replies ^ | May 23 2011 | Mail Foreign Service
    One giant debt for mankind: U.S. national deficit would reach almost to the moon if piled high in $5 billsPresident Ronald Reagan once famously said that a stack of $1,000 bills equivalent to the U.S. government's debt would be about 67 miles high.That was 1981. Since then, the national debt has climbed to $14.3 trillion. In $1,000 bills, it would now be more than 900 miles tall.In $5 bills, the pile would reach three-quarters of the way to the moon.The United States hit its legal borrowing limit today and the Treasury Department has said the U.S. Congress must raise the...
  • Do you know how many times Chuck Schumer voted against raising the national debt ceiling?

    05/11/2011 12:26:38 PM PDT · by ctpsb · 2 replies
    The Washington Examiner ^ | 05/10/11 | Mark Tapscott
    If you answered "four times" to the question posed in the headline above, you are either spending way too much time in the Congressional Record, or you have superb research and recall skills! Let's just assume it's the latter. Anyway, the right answer is indeed four times, at least. For the record, here's the four occasions, as documented by congressional records.......
  • How Do You Spell DEBT?

    04/21/2011 6:21:59 PM PDT · by The Looking Spoon · 6 replies
    The Looking Spoon ^ | 4-21-11 | Jared H. McAndersen
    The debt ceiling is going to be hit soon and liberals don't seem to believe our fiscal woes bringing us to this point really matter.... Obama economic adviser Austan Goolsbee said that the (S&P negative) outlook was based on a “political judgment” that doesn’t deserve “too much weight.” Even granting that Goolsbee is right, conservative posturing about not raising the ceiling, default be damned, is a direct sign at how seriously it is being taken.This "of course we'll raise it again" mentality has to stop, and anyone with even half a brain knows that entitlements are what's killing us...
  • (Republicans cave!) Geithner confident Congress will raise debt limit

    04/17/2011 3:30:46 PM PDT · by The Magical Mischief Tour · 32 replies
    Google News ^ | 04/17/2011 | AP News
    WASHINGTON (AP) — Treasury Secretary Timothy Geithner says Republican leaders have privately assured the Obama administration that Congress will raise the government's borrowing limit in time to prevent an unprecedented default on the nation's debt. But a top Republican quickly pushed back Sunday and said there was no guarantee the GOP would agree to increase the $14.3 trillion debt ceiling without further controls on federal spending. Geithner told ABC's "This Week" and NBC's "Meet the Press" that Republicans told President Barack Obama in a White House meeting last Wednesday that they will go along with a higher limit.
  • Reid To House Republicans: Friday’s Vote Will Show America Whose Side You’re On

    04/14/2011 4:20:17 PM PDT · by mdittmar · 50 replies ^ | April 14, 2011 | U.S. Senate Majority Leader Harry Reid
    Washington, D.C. – Nevada Senator Harry Reid released the following statement on tomorrow’s House vote on the Republican budget: “The vote you’ll cast tomorrow presents a clear choice between millionaires and the middle class. Whose side are you on? “It will also answer for the country this question: Are Republicans serious about reducing the deficit, or are they going to continue pretending we can do it without asking millionaires, billionaires and corporations to pay their fair share? “Our federal budget is like any family’s budget in that there are two columns: what we take in and what we spend. We...
  • DeMint: If vote to raise debt ceiling is GOP's Waterloo, 'let it be'

    04/14/2011 11:55:11 AM PDT · by Libloather · 51 replies · 2+ views
    The Hill ^ | 4/14/11 | Jordan Fabian
    DeMint: If vote to raise debt ceiling is GOP's Waterloo, 'let it be'By Jordan Fabian - 04/14/11 10:03 AM ET A top conservative senator on Thursday indicated he is willing to go to extreme lengths to prevent a vote on raising the debt ceiling, even if it hurts the Republican Party politically. Sen. Jim DeMint (R-S.C.) said on the conservative Laura Ingraham Show he is considering filibustering an upcoming vote to raise the nation's $14.3 trillion debt limit if it doesn't contain other fiscal reforms. Asked if that would serve as the GOP's "Waterloo" in the 2012 elections, the senator...
  • Obama in 2006: "raising America’s debt limit is a sign of leadership failure."

    03/02/2011 3:35:51 PM PST · by packback · 26 replies
    Milwaukee Story ^ | 3.1.11 | Thomas Long
    Even in 2006, then Senator, Barack Obama voted against raising the debt ceiling stating, “the fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.”
  • IBD/TIPP Poll: 70% Oppose Raising Debt Ceiling

    02/08/2011 4:28:03 PM PST · by Kaslin · 5 replies
    IBD Editorials ^ | February 8, 2011 | Staff
    Debt Ceiling: Memo to the White House and Congress — a new IBD/TIPP Poll says the vast majority of Americans want you to be fiscally responsible. The depth of feeling is so great, in fact, that your jobs may depend on it. As a debate heats up over whether to raise the federal debt ceiling to $14.3 trillion, Americans have already made up their minds: Don't even think about it. In a survey of 915 adults taken from Jan. 30 to Feb. 5, the IBD/TIPP Poll shows an overwhelming 70% agree that "Congress should not increase the debt limit." That's...
  • Hill poll shows 62% opposed to raising the debt ceiling

    02/07/2011 1:34:11 PM PST · by SeekAndFind · 15 replies
    Hotair ^ | 02/07/2011 | Ed Morrissey
    Treasury Secretary Tim Geithner warned of “catastrophic economic consequences” if Congress doesn’t raise the statutory debt ceiling next month, when the US will hit the limit on borrowing. White House economic adviser Austan Goolsbee called it “deeply irresponsible” when speaking on behalf of the Obama administration. Those warnings have been so ineffective that they have failed to convince Barack Obama’s own voters, let alone Republicans and independents, according to a new poll by The Hill: Only 27 percent of likely voters favor raising the nation’s $14.3 trillion debt ceiling, while 62 percent oppose it, according to an exclusive poll for...
  • Keyes attacks House Repubs for capitulation on debt

    02/04/2011 12:55:03 PM PST · by rabscuttle385 · 8 replies
    WND ^ | 2011-02-04
    WASHINGTON – Former GOP presidential candidate and Reagan administration official Alan Keyes has joined the ranks of those calling on House Republicans to reject another hike in the debt limit that will permit the federal government to keep borrowing money to propel its spending programs. He joins Sens. Jim DeMint, R-S.C., and Pat Toomey, R-Pa., and Reps. Michele Bachmann, R-Minn., Ron Paul, R-Texas, and Anthony Weiner, D-N.Y., in rejecting House Speaker John Boehner's concession to raise the debt limit, which is expected to be reached toward the end of next month. "We should demand of our representatives in Congress that...