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Keyword: cutcapbalance

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  • Utah's Liljenquist Pledges to Work to Repeal NDAA and 17th Amendment

    04/25/2012 4:09:49 PM PDT · by Tolerance Sucks Rocks · 48 replies
    The New American ^ | April 25, 2012 | Joe Wolverton, II
    Candidate for Senate Dan Liljenquist (left) pledged to The New American that should he be elected to the U.S. Senate he will offer legislation explicitly repealing the indefinite detention provisions of the National Defense Authorization Act (NDAA). In a press conference held on April 24 at 2:00 p.m. (MDT), the former Utah State Senator and current GOP challenger to six-term Senator Orrin Hatch described the indefinite detention provisions of the NDAA as “an overreach and a violation of the Bill of Rights.” He said that had he been in office when Congress voted to pass the NDAA he would have...
  • GOP Snatching Defeat From the Jaws of Victory

    11/15/2011 9:17:55 AM PST · by Qbert · 17 replies
    Human Events ^ | 11/14/2011 | Brian H. Darling
    Now comes an opportunity for House and Senate Republicans to push a strong Balanced Budget Amendment (BBA), but not only have House Republicans tossed an interception on the BBA, but they also appear to have preemptively surrendered a touchdown to the liberals on tax policy as part of the Super Committee negotiations. If conservatives want to win, they should take the BBA and the $1.2 trillion in cuts mandated by the Super Committee directly to the American people, who tend to reward politicians who fight tax hikes and push for deep cuts to the federal government. Yet they seem intent...
  • 'Cut, Cap, and Balance' (What do you think now, Reid?)

    08/08/2011 6:02:27 PM PDT · by Lancey Howard · 29 replies
    (vanity) | August 8, 2011 | Lancey Howard
    Three weeks ago on Tuesday, July 19 the House handily passed the bill known as "Cut, Cap, and Balance" by a vote of 234 to 190. The plan imposed caps on federal spending as a percentage of GDP and allowed a debt ceiling increase of $2.4 trillion in exchange for approval by both the Senate and House of a balanced budget amendment.Three days later, the bill was killed in the Senate on a party line vote of 51 - 46. Harry Reid had effectively proclaimed the bill dead on arrival when he called it "the single worst piece of legislation...
  • Mystery surrounds details of S&P downgrade [ CNN rejects Axelrods & Kerrys TP blame ]

    08/08/2011 1:00:42 PM PDT · by NoLibZone · 23 replies
    money.cnn.com ^ | August 8 2011 | By Jennifer Liberto
    WASHINGTON (CNNMoney) -- Little is known about key details that led Standard & Poor's to downgrade U.S. debt late Friday, despite its outsized repurcussions. While the move knocking U.S. debt down a notch from the lofty AAA rating has exacerbated an already skittish stock market and drawn criticism from the White House, key details are a mystery. S&P doesn't say who, exactly, made the decision at the company; what kind of weight they gave U.S. politics versus ability to pay; or to what extent they felt pressured to downgrade the United States in response to criticism of its downgrades of...
  • Video: Dems [John Kerry] New Spin: The Tea Party Downgrade

    08/07/2011 2:48:26 PM PDT · by Justaham · 47 replies
    Sen. John Kerry (D-MA) on NBC's "Meet the Press" and Obama campaign adviser David Axelrod on CBS' "Face the Nation" lead a new propaganda push against the Tea Party movement. First they were "astro-turf", then racist, then stupid, then violent, then dangerous, then terrorists, and now they're responsible for the S & P downgrade even though the Tea Party was pushing for the exact entitlement reforms that would have avoided the downgrade. It's obvious that the White House is fearful that the president will be blamed for the unprecedented downgrade of America's bond rating.
  • Rep. Ryans warning

    08/07/2011 12:14:05 PM PDT · by americanophile · 61 replies · 1+ views
    Boston Herald ^ | August 7, 2011 | Boston Herald Editorial Staff
    Standard & Poors downgrade of the nations credit rating gives House Budget Committee Chairman Paul Ryan every right to say I told you so. Even earlier this week when President Obama was taking his victory lap for the debt-ceiling compromise, Ryan was disclosing the cold, hard truths of the economic troubles that lie ahead truths that a jittery Wall Street has been more than aware of. In an oped column in Wednesdays Wall Street Journal, the Wisconsin Republican reiterated, of course, that the president really has no budget plan. The presidents February budget, he wrote, deliberately dodged the tough...
  • Politicians points fingers over credit crisis (Axelrod blames Tea Party)

    08/07/2011 11:58:17 AM PDT · by Cincinatus' Wife · 26 replies
    Houston Chronicle ^ | August 7, 2011 | AP
    A top Obama adviser blames tea party for downgrade WASHINGTON Who's to blame for the U.S. debt-ceiling mess? Politicians and political advisers took to the airwaves Sunday to point fingers, mostly at each other. David Axelrod, a top political adviser to President Barack Obama, blames the downgrade of the U.S. credit rating on tea party Republicans for being unwilling to compromise on how to reduce the federal debt. The Obama campaign strategist tells CBS' Face the Nation on Sunday that the decision by the Standard & Poor's credit agency to downgrade the U.S. from AAA to AA+ for the...
  • White House adviser blames tea party for downgrade (Axelrod)

    08/07/2011 10:08:27 AM PDT · by NormsRevenge · 153 replies
    Yahoo ^ | 8/7/11 | AP
    WASHINGTON (AP) A top White House adviser is blaming the downgrade of the U.S. credit rating on tea party Republicans, whom he says were unwilling to compromise on how to reduce the federal debt. The adviser to President Barack Obama, David Axelrod, tells CBS' "Face the Nation" on Sunday .. ... .. also criticized GOP presidential candidates for not speaking up in favor of compromise.
  • Kerry Blames The Tea Party For Credit Downgrade

    08/07/2011 10:17:45 AM PDT · by Steelfish · 64 replies
    Washington Times ^ | August 07, 2011 | Ben Wolfgang
    Kerry Blames The Tea Party For Credit Downgrade By Ben Wolfgang-The Washington Times1 Sen. John Kerry on Sunday laid the blame for the recent downgrade of the nations credit rating at the feet of conservative House Republicans. I believe this is, without question, the tea party downgrade, Mr. Kerry, Massachusetts Democrat, said on NBCs Meet the Press. Standard & Poors rating agency on Friday dropped the U.S. credit rating from AAA to AA+, questioning the ability of leaders in Washington to deal seriously with the nations debt crisis. The Obama administrations debt-ceiling proposal, which included more spending cuts than the...
  • Republicans Want Geithner to Walk The Plank After Credit Downgrade

    08/06/2011 3:45:05 PM PDT · by bobk333 · 36 replies
    Foxnews ^ | August 6, 2011 | Stephen Clark
    No risk, Geithner told Fox Business at the time. When asked whether S&P was wrong and that the U.S. would keep its top credit rating, Geithner said, Absolutely... Sen. Jim DeMint, R-S.C. said the president should demand that Geithner resign and immediately replace him with someone who will help Washington focus on balancing our budget and allowing the private sector to create jobs. For months he opposed all efforts to reduce the debt in return for a debt ceiling increase, DeMint said. His opposition to serious spending and debt reforms has been reckless and now the American people will pay...
  • S&P warns of a second downgrade

    08/06/2011 2:11:26 PM PDT · by Clairity · 158 replies
    Politico ^ | August 6, 2011 | Josh Boak
    One day after lowering the nation’s platinum triple-A credit rating, Standard & Poor’s analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement. The ratings agency on Friday downgraded the nation to AA+ for the first time in history, saying partisanship in Washington is preventing dramatic deficit reduction.
  • America's debt downgrade is a damning indictment of President Obama's Big Government disaster

    08/06/2011 2:16:45 PM PDT · by Clairity · 94 replies · 1+ views
    The Telegraph ^ | Aug 6, 2011 | Nile Gardiner
    The decision by credit agency Standard and Poor’s to downgrade America’s AAA credit rating for the first time in 70 years is a massive blow to the credibility of the Obama administration, and a damning indictment of its handling of the economy. No doubt the White House will pathetically try to blame the Bush Administration, Republicans in Congress, and of course its favourite target, the Tea Party, for the move by S&P. But without a shadow of a doubt, responsibility for the country’s financial mess and staggering levels of debt lie with the current US president and his administration. They...
  • After S&P downgrade, WH says 'we must do better'

    08/06/2011 2:42:35 PM PDT · by Justaham · 29 replies
    Associated Press ^ | Mark S. Smith
    WASHINGTON (AP) - President Barack Obama sought to distance himself Saturday from the bad news of the nation's first-ever credit-rating downgrade, but lawmakers and presidential candidates showed no such reticencetrading salvos over who's at fault and why. The president, spending the weekend at Camp David, left it to press secretary Jay Carney to say it's clear Washington "must do better" in tackling soaring deficits and other economic woes. A statement from Carney said talks that produced Tuesday's $2 trillion compromise on raising the U.S. borrowing limit had been too drawn-out and "divisive." But the statement didn't directly address Friday's move...
  • U.S. AAA credit rating DOWNGRADED for first time in history after Obama's debt deal

    08/06/2011 7:57:29 AM PDT · by KeyLargo · 68 replies · 1+ views
    Daily Mail UK ^ | Aug 6, 2011
    U.S. AAA credit rating DOWNGRADED for first time in history after Obama's debt deal Unprecedented move will send shockwaves globally S&P cuts long-term credit rating from AAA to AA+ Borrowing costs for consumers and government to rise Comes after Obama signed bill to reduce fiscal deficit By Daily Mail Reporter Last updated at 1:08 PM on 6th August 2011 The U.S. has lost its top-notch AAA credit rating from Standard & Poor's in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA+ on concerns about the government's...
  • Reid:S&P downgrade backs Dems' call for more revenue

    08/06/2011 8:43:43 AM PDT · by Cheerio · 109 replies
    TheHill ^ | 08/05/11 | Jamie Klatell
    Standard & Poor's decision to downgrade the nation's credit rating reinforces Democrats' call for increasing tax revenue, Senate Majority Leader Harry Reid (D-Nev.) said Friday.
  • The price of Compromise AR join Boehner in throwing Cap, Cut, and Balance overboard

    08/05/2011 8:58:53 PM PDT · by pulaskibush · 15 replies
    080511 | me
    S & P has downgraded the United States Credit Rating to AA+ from the AAA rating we had since 1917. It's no suprise since massive spending is still being done on things like green projects, illegal aliens, and useless bureaucrat organizations like the EPA. Decades of foolish Democrat Spending, a few years of foolish Republican Spending, and the spending by Soros Puppet Obama (soon to be more than all other Presidents combined) has harmed the nation that the world depends on. Who will the lazy corrupt Mexican "government" dump their people on without the United States of America? Republicans could...
  • Obama officials attack S&P's credibility after downgrade

    08/05/2011 10:45:42 PM PDT · by tobyhill · 84 replies
    reuters ^ | 8/5/2011 | Glenn Somerville and Rachelle Younglai
    The Obama administration attacked the credibility of the analysis underlying Standard & Poor's decision to downgrade the United States' top credit rating on Friday, saying it had found a $2 trillion error. S&P was forced to remove the number from its analysis after Treasury officials discovered that the rating agency's estimates of the government's discretionary spending was $2 trillion too high, sources familiar with the discussions said.
  • Obama briefed on S&P downgrade before leaving W.House

    08/05/2011 11:59:20 PM PDT · by Berlin_Freeper · 23 replies
    reuters.com ^ | August 6, 2011 | Reuters
    Obama left the White House for the Camp David presidential retreat outside Washington in late afternoon just hours before S&P's announcement. "He was briefed before he left for Camp David and has been receiving updates through the night," the official said.
  • S&P statement on lowering US long-term debt to AA+

    08/05/2011 9:28:50 PM PDT · by freespirited · 33 replies
    Guardian ^ | 08/06/11 | Standard & Poor's
    We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating. We have also removed both the short- and long-term ratings from CreditWatch negative. The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics. More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time...
  • Australia PM downplays US debt downgrade fears [ Yes Debt and not credit down grade ]

    08/05/2011 10:26:50 PM PDT · by NoLibZone · 2 replies
    Afp ^ | 8-5-11 | AFP
    SYDNEY Australian Prime Minister Julia Gillard sought to calm public nerves over global debt woes Saturday after Standard & Poor's cut the United States' credit rating for the first time in history. Gillard told Australians their economy was well placed to weather financial crises looming in the US and Europe and would not be heavily affected by S&P's decision to downgrade the US rating from AAA to AA+. "People should look with confidence at our economic credentials and fundamentals, and people should look with confidence at the ability of this government to deal with global instability," Gillard said.