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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 ^ | 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 ^ | 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.
  • Former Obama Economic Adviser on Downgrade: We're 'Pretty Darn [expletive] [profanity in article]

    08/05/2011 10:14:54 PM PDT · by · 67 replies
    NewsBusters ^ | Noel Sheppard
    Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+. Appearing on HBO's "Real Time," Romer said we're "pretty darn f--ked" (video follows with transcript and absolutely no commentary needed): ---- BILL MAHER, HOST: So, excuse my language, but we used to do a segment on this show called How Fked Are We? (VIDEO CLIP) MAHER: I didnt expect that there. This, just before we went on the air they said our rating got downgraded....
  • CBS: Dems, GOP react to debt downgrade [ copy it fast! ]

    08/05/2011 10:19:22 PM PDT · by NoLibZone · 22 replies ^ | Aug 5 2011
    (CBS/AP) Following the news Friday of Standard and Poor's downgrade on the U.S. debt, several politicians from both sides of the aisle offered their reactions. Democratic Senate Majority Leader Harry Reid released a statement: "This makes the work of the joint committee all the more important, and shows why leaders should appoint members who will approach the committee's work with an open mind -- instead of hardliners who have already ruled out the balanced approach that the markets and rating agencies like S&P are demanding." Reid was referring to the special bipartisan congressional committee -- made up of six Democrats...
  • U.S. loses AAA credit rating from S&P [copy 2]

    08/05/2011 5:51:56 PM PDT · by NormsRevenge · 70 replies
    Yahoo ^ | 8/5/11 | Walter Brandimarte - Reuters
    NEW YORK (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits. U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada.
  • S&P Downgrades U.S. Debt Rating Press Release (Boehner-McConnell FAILURE)

    08/05/2011 5:58:18 PM PDT · by jimbo123 · 55 replies
    Wall Street Journal ^ | 8/5/11 | S&P
    Standard & Poors took the unprecedented step of downgrading the U.S. governments AAA sovereign credit rating Friday in a move that could send shock waves through global. The following is a press release from Standard & Poors: 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...
  • US government loses triple-A credit rating [downgraded sans a credible reduction package ]

    08/05/2011 6:08:51 PM PDT · by NoLibZone · 30 replies
    MSNBC ^ | August 5 2011 | MSNBC
    S&P cut the long-term U.S. credit rating by one notch to AA-plus. The credit agency said late Friday that it was making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation. U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the United Kingdom, Germany, France or Canada. The outlook on the new U.S. credit rating is negative, S&P said in a statement, a sign that another downgrade is possible in the next...
  • United States loses AAA credit rating from S&P

    08/05/2011 6:16:35 PM PDT · by Iam1ru1-2 · 29 replies · 1+ views ^ | August 5, 2011 |
    The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term US credit rating by one notch to AA-plus on concerns about the government's budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the US government, companies and consumers. "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,"...
  • Downgrade shows DeMint was right

    08/05/2011 6:40:23 PM PDT · by The Old Hoosier · 46 replies
    The Washington Examiner ^ | 8-5-11 | David Freddoso
    Throughout the debate over the debt ceiling, the media did all of us a great disservice. They reported as though the Republicans were threatening to ruin America's credit unless they got their way. Closer to the truth: If only conservatives like Sen. Jim DeMint, R-S.C., had gotten their way -- i.e., huge spending cuts -- perhaps we wouldn't have just been downgraded by S&P. DeMint predicted ahead of time that none of the debt deals on the table except for "Cut, Cap and Balance" would prevent a downgrade. He has been vindicated.
  • Govt officials: US expecting S&P downgrade -- based on "serious mistake" in analysis*

    08/05/2011 5:04:57 PM PDT · by mandaladon · 77 replies
    ABC News ^ | 5 Aug 2011
    Two government officials tell ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poors to downgrade the rating of US debt from its current AAA value. Official reasons given, one official says, will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction. A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited. The official was unsure if...
  • U.S. loses AAA credit rating from S&P

    08/05/2011 5:51:21 PM PDT · by GQuagmire · 409 replies via Reuters ^ | 8/5/11 | Walter Brandimarte
    NEW YORK (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits. U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada
  • Sen. Manchin breaks with Democratic leaders, backs strict spending caps (Phony "moderate" Flashback)

    08/01/2011 2:59:13 PM PDT · by Qbert · 7 replies
    The Hill ^ | 04/26/11 | Jordan Fabian
    Freshman Sen. Joe Manchin (D-W.Va.) on Tuesday announced his support for strict spending caps, which put him at odds with his party's leadership and President Obama. Manchin told an audience in South Charleston, W.Va., he would endorse the "CAP Act," which sets a tighter spending limit than what the president's budget calls for, as well as a balanced-budget amendment to the Constitution. The senator suggested the legislation could help Republicans and Democrats agree to a deal to raise the nation's $14.3 trillion debt ceiling. "Today, I will be announcing my support for two proposals that I believe provide a good...
  • Senate kills Boehner debt ceiling plan

    07/29/2011 5:50:43 PM PDT · by Para-Ord.45 · 262 replies ^ | July 29 2011 | P. Conner
    The Senate voted to kill a House-approved bill to raise the debt ceiling, leaving the ball in the court of Senate leadership to produce a deficit reduction bill, with just days before the Aug. 2 deadline. The vote was 59-41. Senate Majority Leader Harry Reid followed through on his promise to kill the bill, pushed through the House a day late by House Speaker John Boehner. The White House, which has thrown its weight behind a Reid proposal, had promised to veto the bill had it miraculously passed the Senate. The Senate also killed the Cut, Cap, Balance Act last...
  • Sarah Palin: Its the spending stupid! (On The Record w/Greta Video)

    07/26/2011 8:10:40 PM PDT · by Bigtigermike · 60 replies · 1+ views
    therightscoop ^ | Tuesday July 26, 2011
    Sarah Palin criticizes Boehner for trying to reinvent the wheel and not sticking with Cut, Cap, and Balance which is why he is having trouble getting enough votes to pass his current plan. But she also criticizes Obama for scaring the American people with this crisis mentality and says he doesnt understand that we have a spending problem in this country, which prompts her to reiterate: Its the spending stupid! "That's the hypocrisy that I guess is inherit in this politics as usual from these Washington DC characters, they say one thing as candidates and they get elected and do...
  • Haley Barbour criticizes DeMint for not supporting Boehner (DeMint still wants Cut,Cap,Balance)

    07/26/2011 11:48:10 AM PDT · by SeekAndFind · 42 replies
    The Hill ^ | 07/26/2011 | Alicia M Cohn
    Mississippi Gov. Haley Barbour (R) criticized the Tea Party wing of the GOP on Tuesday for failing to get behind Republican leadership on a deficit plan. "Our people have to understand that we can't let the perfect be the enemy of the good," Barbour said. Barbour said House Speaker John Boehner (R-Ohio) had shown "courage" in the deficit debate by agreeing to compromise in order to raise the debt ceiling. "In politics, purity is a dead dog loser," he said. "We cannot go out with the idea that we're going to be pure, or we're going to do nothing." Speaking...
  • The Basics of Boehners Debt Pitch to GOP Conference

    07/25/2011 2:17:28 PM PDT · by bobsunshine · 31 replies
    Fox News ^ | July 25, 2011 | Chad Pergram
    Fox News has received details of the "Two-Step Approach to Hold President Obama Accountable" that Speaker John Boehner will pitch to his fellow House Republicans Monday at closed-door conference meeting. The pitch centers on new legislation that includes a $1.2 trillion cap on discretionary spending. The approach was received from a senior GOP leadership aide and reads as follows: Two-Step Approach to Hold President Obama Accountable Republicans insisted if the President wants his debt ceiling increase, the American people will require serious spending cuts and reforms. This two-step approach meets House Republicans' criteria by (1) making spending cuts that are...
  • Boehner weighs balanced-budget amendment

    07/24/2011 4:34:16 PM PDT · by jimbo123 · 18 replies
    Reuters ^ | 7/24/11 | Andy Sullivan
    House of Representatives Speaker John Boehner told fellow Republicans on Sunday that he is considering a balanced-budget amendment to the Constitution as part of a bill that would raise the debt ceiling, a source who heard his message said.
  • Hoyer: Balanced Budget Amendment Would Make it Virtually Impossible to Raise Taxes

    07/20/2011 11:12:32 AM PDT · by Sub-Driver · 56 replies
    Hoyer: Balanced Budget Amendment Would Make it Virtually Impossible to Raise Taxes Wednesday, July 20, 2011 By Terence P. Jeffrey ( - House Minority Whip Steny Hoyer (D.-Md.) said on the House floor last night that if the balanced budget amendment Republicans are supporting is ratified and included in the Constitution it would make it virtually impossible to raise taxes. In order to pay our bills, Republicans would require us to pass a Constitutional amendment that would permanently enshrine their partisan budget priorities in law and make it virtually impossible to raise revenue, Hoyer said. The push for a balanced...
  • It's All About the Senate

    07/23/2011 5:13:39 PM PDT · by Siena Dreaming · 28 replies
    The American Thinker ^ | July 23, 2011 | Herbert E. Meyer
    President Obama has done nothing to earn his Nobel peace prize, but after yesterday's performance at the White House podium no one should begrudge him an Oscar. His performance was mean-spirited, petulant, more politically vicious than anything we ever heard from Richard Nixon -- and altogether a total crock of you-know-what. But it served the president's purpose, which is to avoid having to make the one choice he fears most: either cutting back government entitlements, or going down in history as the American president who defaulted on our country's debt and drove the world's most productive economy over a cliff.
  • Live Thread: Speaker Boehner Responds to Obama 7:15 P.M. EDT

    07/22/2011 4:06:17 PM PDT · by kristinn · 475 replies
    Friday, July 22, 2011 | Kristinn
    At his press conference a few minutes ago, Obama whined Boehner wouldn't return his phone call this afternoon.
  • Senate rejects 'Cut, Cap, Balance'

    07/22/2011 8:15:46 AM PDT · by BfloGuy · 198 replies
    Politico ^ | 7/22/2011 | By SCOTT WONG
    The Democratic-controlled Senate on Friday narrowly voted to block a Republican measure that would force Congress to pass a stringent balanced budget amendment and cap spending before increasing the debt ceiling. The legislation, a conservative priority, never had a chance of passing, but the strictly partisan 51-46 vote to table the Cut, Cap and Balance bill highlighted the partisan divide in Washington over how to tackle spending and raise the nations $14.3 trillion debt limit.
  • Oh my: CCB bill gets 2-1 approval among adults in CNN poll

    07/21/2011 6:18:37 PM PDT · by Hojczyk · 13 replies
    Hotair ^ | July21,2011 | Ed Morrissey
    One has to go thirteen paragraphs into the story to find CNN addressing this at all: Republicans like the cut, cap, and balance approach to the debt ceiling, as do Democrats and independents. Most Americans support a balanced budget amendment, and most, but not as many, think an amendment is necessary to get federal spending under control. A balanced budget amendment passed the House earlier this week, but a vote in the Senate is expected to fail. Er, yeah. In other words, a consensus exists across all political lines that the CCB/BBA approach would be a good idea. When one...
  • Reid:It Is Time For Reasonable Republicans To Compromise For The Good Of The Country

    07/21/2011 3:36:23 PM PDT · by mdittmar · 86 replies
    United States Senate Democrats ^ | Jul 21, 2011 | U.S. Senate Majority Leader Harry Reid
    Washington, D.C. Nevada Senator Harry Reid made the following remarks today on the Senate floor about averting a default crisis. Below are his remarks as prepared for delivery:We have 12 days left before our nation does the unthinkable: forever undermines the full faith and credit of our great country.As members of Congress, we come from 50 states, but we serve one nation.The American people deserve better than leaders who each stake out their own radical positions, forsaking the good of that nation. The American people expect us to find common ground no matter how difficult it may seem.Every reasonable...
  • Conservatives push back: Cut, Cap and Balance *is* the plan

    07/21/2011 10:36:50 AM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 07/21/2011 | Tina Korbe
    To listen to the president, Senate Majority Leader Harry Reid, the mainstream media and even some of my favorite conservative pundits, you’d think the House of Representatives hadn’t passed “Cut, Cap and Balance” Monday. The plan, carefully crafted by the Republican Study Committee and then improved upon by various members of the House, is routinely dismissed as extreme — if it’s acknowledged at all.Reid yesterday actually said he’s waiting for Speaker John Boehner to inform him what kind of deficit reduction and debt limit increase deal would pass the House. RSC Chairman Jim Jordan quickly put Reid in his place,...
  • Senate To Vote Friday on 'Cut, Cap and Balance' Bill

    07/21/2011 2:06:35 PM PDT · by markomalley · 69 replies
    National Journal ^ | 7/21/11 | Dan Friedman
    Instead of a Saturday vote on the House-passed cut, cap and balance bill, the Senate will vote on Friday, Senate Majority Leader Harry Reid, D-Nev., announced. The measure is expected to be voted down on a mostly party-line vote. The expected defeat of the bill will clear the way for Senate action on a compromise measure to raise the debt ceiling. Reid is ready to start floor action on a compromise plan worked out with Senate Minority Leader Mitch McConnell, R-Ky., as soon as this weekend. Talks between House Republicans and the White House on a larger deficit reduction package...
  • Ads to pressure Nelson on debt (Will Nebraska Democrat Ben Nelson vote for Cut, Cap, and Balance?)

    07/21/2011 3:03:35 PM PDT · by Qbert · 12 replies
    Omaha World-Herald ^ | 7/21/2011 | Robynn Tysver
    A conservative group is trying to put pressure on Democratic U.S. Sen. Ben Nelson to oppose raising the debt ceiling without significant spending cuts. The national group, Concerned Women for America, have purchased television time in Nebraska and three other states, where they will run an advertisement criticizing Congress' "spending addiction." The ad is a parody of a typical drug commercial. In it, a so-called miracle drug called "Spenditol" has been invented in Washington, D.C., to cure the nation's debt problem. The ad then lists the side effects of the drug, including "a mountain of debt." Penny Nance, president of...
  • Reid calls House 'untoward' for taking weekend off (The House Republicans did their jobs)

    07/21/2011 9:37:52 AM PDT · by tobyhill · 30 replies
    msnbc ^ | 7/21/2011 | Kelly ODonnell and Libby Leist
    This morning on the Senate floor, Majority Leader Harry Reid publically vented his clear frustration with House Republicans over the ongoing debt ceiling negotiations. Let me get this off my chest, he said, calling it untoward that the House is not in session this weekend. He warned Congress has "days, not weeks" to get this done. He complained that the Senate is in a holding pattern, waiting for action from the House. I think it is just untoward, said Reid. That's the kindest word I can say to the House of Representatives, out this weekend what a bad picture...

    07/20/2011 7:50:37 PM PDT · by Hojczyk · 49 replies · 1+ views
    Dick ^ | July20,2011 | Dick Morris
    1. The Senate leaders from both parties and President Obama will coalesce around the Gang of Six deal based on the recommendations of the Bowles-Simpson Deficit Reduction Commission. 2. After initially voicing reservations, House Speaker John Boehner and, perhaps, Majority Leader Eric Cantor will sign off on the deal in return for some unimportant modifications. 3. When the deal reaches the House floor, all hell will break loose and the rank and file Republicans will revolt en masse. Defying their leadership, they will reject the Gang of Six deal in caucus. 4. The House Democrats, who could provide the votes...
  • U.S. House needs deficit, debt backup plan - Boehner (and what will that look like?)

    07/20/2011 4:50:39 AM PDT · by tobyhill · 16 replies
    reuters ^ | 7/19/2011 | Andy Sullivan
    U.S. House of Representatives Speaker John Boehner on Tuesday said there needs to be a backup plan for cutting deficits and raising the debt ceiling instead of relying purely on a measure soon to be voted upon that faces near certain defeat in the Senate. Speaking to reporters, Boehner said it would be responsible to consider a backup plan.
  • DeMint warns that the tea party is losing focus

    07/20/2011 4:44:04 AM PDT · by bobk333 · 50 replies
    The Ticket ^ | July 19, 2011 | Chris Moody
    "I really don't know," DeMint said. "As I move around, people are telling me they're out there and they're engaged, but since the election they have not had as much of a focus." In 2009 and 2010, thousands of people took to the streets in cities around the country under the tea party banner to protest President Obama's legislative agenda. But since Republicans took control of the House and beefed up their ranks in the Senate, participation at tea party ralliesand the number of rallies themselveshas waned. Republicans in Congress are now embroiled in a debate over reducing federal spending...
  • Senate GOP showing flexibility in debt fight (We don't need no steenking 'flexibility')

    07/20/2011 10:06:36 AM PDT · by E. Pluribus Unum · 19 replies
    Yahoo! News ^ | July 20, 2011 | ANDREW TAYLOR
    WASHINGTON (AP) Senate Republicans are showing far more flexibility than their tea party-backed House colleagues as Washington policymakers seek to steer the government away from a first-ever default on its financial obligations. As the House doubled down on a symbolic vote to condition any increase in the government's borrowing authority on congressional passage of a balanced budget constitutional amendment and a fresh wave of spending cuts, the warm reception by many Senate Republicans to a new bipartisan budget plan revealed a thawing in GOP attitudes on new tax revenues.
  • (no budget Dingy Harry) Reid says he's waiting on Boehner to tell him 'path forward' on debt

    07/20/2011 9:51:31 AM PDT · by Libloather · 26 replies
    The Hill ^ | 7/20/11 | Josiah Ryan
    Reid says he's waiting on Boehner to tell him 'path forward' on debtBy Josiah Ryan - 07/20/11 10:35 AM ET Senate Majority Leader Harry Reid (D-Nev.) on Wednesday claimed his chamber has a "path forward" for raising the debt ceiling but said he's waiting on Speaker John Boehner (R-Ohio) to tell him what can pass the House. I'm at a point where I'm saying we need to hear from the House of Representatives, Reid said from the Senate floor. We have a plan to go forward over here. But until we hear from the House of Representatives, really our, all...