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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...
  • Toomey floats compromise on raising debt ceiling

    01/20/2011 9:52:16 AM PST · by GreatJoeMcCarthy · 19 replies
    The Hill ^ | January 19, 2011 | Michael O'Brien
    A new Republican senator suggested Wednesday a compromise to ensure the U.S. would not default on its debt obligations. Sen. Pat Toomey (R-Pa.) said he'd introduce legislation that would make sure the U.S. would meet its obligations even if lawmakers weren't able to agree on the spending cuts Republicans have demanded in exchange for raising the legal limit on the amount the government can borrow. "I intend to introduce legislation that would require the Treasury to make interest payments on our debt its first priority in the event that the debt ceiling is not raised," Toomey wrote Wednesday in the...
  • House GOP Gives Obama An Ultimatum On Debt Ceiling

    01/17/2011 10:05:30 AM PST · by Qbert · 47 replies
    Human Events ^ | 1/17/2011 | Emily Miller
    House Republicans demand that President Obama significantly cut government spending in exchange for Congress raising the national debt ceiling. Specifically, the GOP wants Obama to agree to cut government spending back to 2008 levels, put a spending cap on discretionary spending, and reform the budget process. The GOP blames Obama and the former Democratic Congress for the out-of-control government spending that led to the rapid increase in debt. The United States now has a record-setting $14 trillion in debt, and will hit the current statutory debt limit of $14.3 trillion as early as March. The House GOP spent the weekend...
  • Reuters Poll: 71% of Americans oppose raising the debt ceiling

    01/13/2011 11:37:04 AM PST · by SeekAndFind · 17 replies
    Hotair ^ | 01/13/2011 | Ed Morrissey
    Has the mainstream gone Tea Party, or the Tea Party gone mainstream? Despite warnings from the White House of the “deeply irresponsible” nature of “play[ing] chicken” with the national debt-limit ceiling, a Reuters poll of adults shows almost three-quarters of Americans opposed to further increases in the statutory borrowing cap. But consensus gets smaller on what to cut instead (via Quite Normal): Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase.The poll underscores the tough task ahead for U.S. lawmakers as the...
  • Public strongly opposes debt ceiling increase: Reuters/Ipsos

    01/13/2011 10:13:13 AM PST · by redk · 4 replies
    Reuters ^ | 1/13/2011 | Andy Sullivan
    (Reuters) - The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday. Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase The poll underscores the tough task ahead for U.S. lawmakers as the debt nears its current ceiling of $14.3 trillion. Treasury Secretary Timothy Geithner last week warned that a failure to raise the borrowing limit in the...
  • Public strongly opposes debt ceiling increase

    01/12/2011 7:36:09 AM PST · by FromLori · 27 replies
    Reuters ^ | 1/12/2010 | Andy Sullivan
    he U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday. Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase The poll underscores the tough task ahead for U.S. lawmakers as the debt nears its current ceiling of $14.3 trillion. Treasury Secretary Timothy Geithner last week warned that a failure to raise the borrowing limit in the coming months...
  • Treasury Secretary Geithner says in letter to Congress US may go into default

    01/11/2011 9:41:29 PM PST · by Angelus · 44 replies ^ | January 11th, 2011 | Kenneth Schortgen Jr
    It is one thing for Sarah Palin, media pundits, or economic analysts to speak on the potential insolvency of the US government, but when the US Treasury Secretary says this in a formal letter to Congress, Americans had better take note. Secretary Timothy Geithner on January 6th sent a formal letter to Congress specifying that if they do not agree to raise the debt ceiling when it is reached sometime in March, the US will (and the word used is WILL) default on its debt. Lew posted an article yesterday on this action taken by the Treasury Secretary, and...
  • Dems to vote against credit-limit hike? (Fiscal responsibility at last ?)

    01/11/2011 2:22:43 PM PST · by SeekAndFind · 3 replies
    Hotair ^ | 01/11/2011 | Ed Morrissey
    Remember last week when refusing to support a raise in the debt-limit ceiling was called “deeply irresponsible” by the Obama administration? Treasury Secretary Tim Geithner made that accusation in a letter to Congress, while Barack Obama’s economic adviser Austan Goolsbee warned Republicans not to “play chicken” with the debt ceiling. In an interview with ABC on January 2nd, Goolsbee warned that “[t]he impact on the economy would be catastrophic,” while Geithner warned of “catastrophic economic consequences that would last for decades.”That’s now old and busted. The new hotness? Voting against the debt-ceiling hike to make Republicans the responsible party: Relegated...
  • Federal Cash Flow

    01/07/2011 4:36:02 PM PST · by MontaniSemperLiberi · 13 replies ^ | 1/7/11 | vanity
    I’ve spent the last few days harping on FR about how inadequate our planning and budget cutting has been in the new year. I thought I’d post a vanity on what I found this weekend regarding our cash flow situation. . . . . For next year, according to the federal budget law, the president is to submit a budget no later than the first Monday in February (Feb. 7th). Congress is to wrap things up by the end of the fiscal year, Sept. 30th, with each chamber’s appropriation committee passing a budget resolution typically by early April. However, as...
  • Flashback 2006: Dingy Reid Says Raising Debt Ceiling Will Weaken Country, Hurt The Economy

    01/06/2011 6:17:06 AM PST · by Libloather · 4 replies
    Flashback 2006: Dingy Reid Says Raising Debt Ceiling Will Weaken Country, Hurt The Economy… “If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.”
  • DeMint wants 'big showdown' with Democrats over raising debt ceiling

    01/03/2011 12:25:11 PM PST · by SharpRightTurn · 42 replies
    The Hill ^ | 01/03/11 | Michael O'Brien
    Republicans should prepare for a "showdown" with President Obama and congressional Democrats over raising the debt ceiling, Sen. Jim DeMint (R-S.C.) said Monday. DeMint, a de-facto leader of Senate conservatives and many Tea Party senators, called for an all-out battle early this year, when Congress will face a tough vote to legally authorize the government to take on more debt. "I think we should resist that. We need to have a showdown, at this point, that we're not going to increase our debt ceiling anymore. We are going to cut things necessary to stay within the current levels, which is...
  • Obama aide: Debt limit fight could be "catastrophic" (BS!)

    01/03/2011 4:10:50 AM PST · by tobyhill · 51 replies
    reuters ^ | 1/3/2011 | By Caren Bohan
    A fight over the budget loomed on Sunday as a top aide to President Barack Obama warned of catastrophic consequences if Republicans follow through on threats to reject an increase in the nation's borrowing limit. Republicans, who will take control of the House of Representatives this week, are demanding spending cuts to curb the $1.3 trillion budget deficit and several have said they would oppose a higher debt ceiling if Obama does not agree to a range of painful cuts. White House economic adviser Austan Goolsbee accused Republicans of "playing chicken" with the nation's financial credibility. "This is not a...
  • Obama aide: Don't 'play chicken' with debt ceiling

    01/02/2011 9:59:23 AM PST · by Libloather · 40 replies
    Obama aide: Don't 'play chicken' with debt ceilingThe Associated Press Sunday, January 2, 2011; 10:48 AM WASHINGTON -- The top White House economic adviser is warning against what he calls "playing chicken" with the need to raise the nation's debt ceiling. For some conservatives, refusing to raise the limit on the federal debt would be a tactic to force the government into cutting spending. Last February, Congress raised the debt ceiling to $14.3 trillion. The debt is now at nearly $13.9 trillion and growing each day. A move to raise the ceiling again is expected this spring.
  • US Ends June With $13.2 Trillion In Debt, .... Breach Debt Ceiling In Under Six Months

    07/07/2010 7:19:04 AM PDT · by TigerLikesRooster · 17 replies
    Zero Hedge ^ | 07/06/10 | Tyler Durden
    US Ends June With $13.2 Trillion In Debt, Adds $210 Billion In Total Debt, On Track To Breach Debt Ceiling In Under Six Months Submitted by Tyler Durden on 07/06/2010 16:25 -0500 In case one is wondering why the House Democrats attached a document to the emergency war supplemental bill that "deemed as passed" a non-existent $1.12 trillion budget, which basically allows the ruling party to start spending money for Fiscal Year 2011 without the constraint of an actual budget, here is the answer: on June 30, the US closed the books with just over $13.2 trillion in total debt,...
  • Worried About Bernanke? Now Freak Out About The Vote On The Debt Ceiling

    01/23/2010 12:37:59 AM PST · by TigerLikesRooster · 15 replies · 613+ views
    Business Insider ^ | 01/22/10 | Vince Veneziani
    Worried About Bernanke? Now Freak Out About The Vote On The Debt Ceiling Vince Veneziani | Jan. 22, 2010, 2:01 PM | 1,660 | comment 11 Tags: Economy, Debt, Senate, Ben Bernanke, Federal Reserve Ben Bernanke's job hangs in the fate of select U.S. senators and that alone is enough to throw this market into uncertainty. So what's the next thing to freak about? The United States' growing debt ceiling. We're about to breach out $12.4 trillion link in March and we need a vote to raise it. Senators who vote against Bernanke based on the events of Massachusetts will...

    01/23/2010 12:35:26 AM PST · by TheFreedomPoster · 4 replies · 426+ views
    THE FREEDOM POST ^ | January 23, 2010 | Matthew Burke
    This video takes you to the United Estates--a gated community in sunny Florida--to help you understand the impact of Congress decision to annually raise our nations debt limit, (WHICH THEY'RE ATTEMPTING TO DO FOR THE FOURTH TIME OF THE OBAMA ADMINISTRATION) without addressing the out-of-control spending that keeps us buried in debt.

    01/21/2010 8:25:26 PM PST · by TheFreedomPoster · 11 replies · 427+ views
    THE FREEDOM POST ^ | January 21, 2010 | Matthew Burke
    Senate Democrats on Wednesday proposed increasing the limit on the nation's credit card by a whopping $1.9 trillion, to $14.3 trillion. The latest increase comes on top of a $290 billion measure that passed the Senate on Christmas Eve, less than thirty days ago. The Christmas Eve vote was 60-39, with all but one Democrat voting in favor, and all but one Republican voting "No". This is the second time in less than a month, and the FOURTH time during the young Obama administration, that the nation's debt ceiling has been increased...
  • Democrats increase the debt ceiling as unemployment grows

    01/21/2010 9:39:13 AM PST · by aquapub · 5 replies · 505+ views
    Conservative Examiner ^ | 1-21-10 | Robert Moon
    Rather than listening to the voters and getting government out of way so the free market can actually work, Democrats continue to insist that the problem with our economy is NOT ENOUGH government and that we can tax and spend our way out of this crisis. Never mind the fact that this approach only deepened and prolonged the Great Depression. Or that it absolutely destroyed the economy of Japan in the 1990s...
  • Spending to a depression? (US Debt ceiling may see a tipping point)

    12/21/2009 7:31:05 AM PST · by SeekAndFind · 4 replies · 620+ views
    Washington Times ^ | 12/20/2009 | Scott S. Powell and Ron Laurent
    In the panic following the insolvencies of Fannie Mae, Freddie Mac and Lehman Brothers in September 2008, the American taxpayer was stampeded into bailing out Wall Street by acquiescing to Washington's $700 billion Troubled Asset Relief Program (TARP) in order to prevent the collapse of our financial system. American International Group Inc. was at the center of the storm with its $1.5 trillion book of credit default swaps (CDS). Inexplicably, after passage, TARP was directed at banks rather than troubled assets - almost like a bait-and-switch plan. Now, a little more than a year later, TARP inspector Neil M. Barofsky...
  • House votes 218-214 for short-term debt ceiling increase (No Pubbies support measure)

    12/16/2009 8:48:54 PM PST · by Zakeet · 19 replies · 1,523+ views
    The Hill ^ | December `6, 2009 | Mike Soraghan
    In an end-of-session nail-biter vote, the House passed a short-term increase of the debt limit Wednesday, setting the stage for a February showdown on deficit spending. It was not a popular measure with centrist and vulnerable lawmakers, who don’t want to be portrayed as allowing the nation to go deeper into debt. The $290 billion increase would set the debt ceiling at $12.394 trillion. The vote was 218-214, but Democratic leaders had to sweat it out. As the voting clock ticked down to zero, the bill was losing, 203-208. Thirty-nine Democrats rejected the measure and not one Republican voted for...
  • House votes 218-214 for short-term debt ceiling increase

    12/16/2009 8:42:05 PM PST · by Nachum · 6 replies · 468+ views
    The Hill ^ | 12/16/09 | Mike Soraghan
    In an end-of-session nail-biter vote, the House passed a short-term increase of the debt limit Wednesday, setting the stage for a February showdown on deficit spending. It was not a popular measure with centrist and vulnerable lawmakers, who don’t want to be portrayed as allowing the nation to go deeper into debt. The $290 billion increase would set the debt ceiling at $12.394 trillion.
  • Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash

    12/10/2009 10:49:19 AM PST · by Reaganesque · 10 replies · 673+ views
    Politico ^ | 12/09/09 | David Rogers
    In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections. “We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion — nearly twice what had been assumed in last spring’s budget resolution for the 2010 fiscal year. The leadership is betting that it’s better for the party to...
  • US Rep.Hoyer: Debt Hike Vote Must 'Get Us Through Next Year' (HERE WE GO AGAIN)

    12/02/2009 9:09:26 AM PST · by FromLori · 12 replies · 373+ views
    iMarket ^ | 12/1/09
    House Majority Leader Steny Hoyer said Tuesday that Congress should vote this year on a debt ceiling increase that gets "us through next year." At his weekly briefing, Hoyer said that voting against a debt ceiling increase is "not a responsible vote." "There is no alternative," he said. But Hoyer's terse comments on the debt ceiling signal a new Democratic strategy on the debt ceiling. Congress increased the debt limit from $11.3 trillion to $12.1 trillion in February. The House later voted to increase the debt ceiling to $13 trillion this spring when it passed its 2010 fiscal year budget....
  • LOL CAT ONLINE BIBLE - Blessingz to Uze. Kthxbai!

    10/15/2009 9:51:57 PM PDT · by Jo Nuvark · 76 replies · 3,433+ views
    LOL CAT BIBLE ^ | Unknown | Unknown
    Ize don't noze teh whyze, but dis me touchdez. Kthxbai! Dis is found in teh Book of Matthew 6 an in teh Book of Luke 11, srsly. Dis beez teh Ceiling Cat Prayer. Teh Ceiling Cat of us, whu haz cheezeburger, yu be spechul Yu ordered cheezburgerz, Wut yu want, yu gets, srsly. In ceiling and on teh flor. Giv us dis day our dalee cheezburger. And furgiv us for makin yu a cookie, but eateding it. And we furgiv kittehs who be steelin our bukkits. An do not let us leed into teh showa, but deliver us from teh...
  • Image of Jesus Spotted on Ceiling of Weightloss Center

    10/18/2008 6:47:21 AM PDT · by Gamecock · 38 replies · 725+ views
    A Little Leaven ^ | September 19 2008
    An image of Jesus on the ceiling of a weight loss center is keeping patrons honest. KWCH's Denise Hnytka reports. (click on image for the vid)
  • Ceiling Height Alters How You Think

    05/10/2007 12:21:00 PM PDT · by LibWhacker · 12 replies · 608+ views
    Yahoo | LiveScience ^ | 5/8/07 | Ben Mauk
    Workers have long been concerned about glass ceilings at the office. Now they can wonder if the physical ceiling is keeping them from their full mental potential. A recent study at the University of Minnesota suggests that ceiling height affects problem-solving skills and behavior by priming concepts that encourage certain kinds of brain processing. "Priming means a concept gets activated in a person's head," researcher Joan Meyers-Levy told LiveScience. "When people are in a room with a high ceiling, they activate the idea of freedom. In a low-ceilinged room, they activate more constrained, confined concepts." Either can be good The...
  • Flawed Big Dig ceiling never fully checked

    10/14/2006 1:51:34 PM PDT · by libstripper · 25 replies · 949+ views
    United Press International ^ | October 14, 2006 | United Press International
    BOSTON, MA, United States (UPI) -- Highway inspectors never properly checked the fatally flawed ceiling of Boston`s Big Dig tunnel that killed a woman this summer, it was reported Saturday. The day after the July 10 ceiling collapse on the Interstate 90 connector, the head of the Massachusetts Turnpike Authority said the agency inspected the tunnel`s ceiling just before the tunnel opened to motorists in January 2003.
  • Rotting Animal Parts Hidden In School

    04/19/2005 6:52:56 AM PDT · by Calpernia · 21 replies · 995+ views
    1010 WINS ^ | Apr 19, 2005 6:55 am US/Eastern | 1010 WINS
    GLEN GARDNER, N.J. Discovery of a bag full of rotting deer parts hidden in the ceiling above the school lunchroom forced the closing of Voorhees High School on Monday. Officials said the school would remain closed Tuesday to allow workers to sanitize the area and health inspectors to clear the cafeteria to serve food. ``An unusual odor led to the discovery of decomposing animal parts that had been surreptitiously placed in the drop ceiling,'' Lebanon Township police Patrolman Larry Campbell said. The bag was found about 7:30 a.m. Monday; students were dismissed at 11:55. Police believe the bag was hidden...
  • (U.S.) Treasury Seeks to Heighten Debt Ceiling

    12/24/2002 10:34:08 AM PST · by hoosierskypilot · 2 replies · 196+ views
    FOX ^ | 12/23/02 | AP
    WASHINGTON — The Treasury Department asked key members of Congress Tuesday to increase the government's borrowing authority, warning that it may hit the current limit on the federal debt by late February. Without an increase in its ability to borrow, the government runs the risk of defaulting on the national debt. The debt limit now stands at $6.4 trillion.
  • Labor Day and the wisdom of women

    09/02/2002 9:44:32 AM PDT · by Jagdgewehr · 21 replies · 448+ views
    Union-Tribune Publishing Co. ^ | September 2, 2002 | Warren Farrell
    One American construction worker dies every workday hour. For the past 40 years Labor Day has emphasized the celebration of a crucial change in the labor force – the addition of women. The first Labor Day after Sept. 11, though, reminds us that one aspect of the labor force has experienced no more change than the "Glass Ceiling." That might be called the "Glass Cellar." When I did the research for a book called "The Myth of Male Power," I discovered a Glass Cellar that holds far more men than the Glass Ceiling. The Glass Cellar consists of the hazardous...