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Keyword: debtceiling

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  • Obama to speak on Thursday about path ahead on fiscal issues [Live Thread for Clown, 10:35]

    10/17/2013 4:29:05 AM PDT · by SoFloFreeper · 23 replies
    Reuters ^ | 10/17/13
    ... Obama will deliver a statement on Thursday at 10:35 a.m. about the need for Democrats and Republicans to work together on fiscal issues following the 11th hour deal in Congress that ended a 16-day government shutdown and averted a debt default. "I'll have more to say about this tomorrow...
  • Palin Tells Megyn Kelly GOP Senators Should Be Primaried, Defends Shutdown Fight

    10/17/2013 7:11:42 PM PDT · by markomalley · 33 replies
    Mediaite ^ | 10/17/2013 | Josh Feldman
    Sarah Palin joined Megyn Kelly Thursday night, and said that she’s not too worried about Ted Cruz‘s efforts being defeated in Congress, saying that the right, temporarily defeated, is stronger than President Obama triumphant, and if they stay united next time, they could pull off an even bigger win.Palin said Obama’s just out of touch and railed against the president on a whole range of issues from Benghazi to “threatening to withhold paychecks” from members of the military during the shutdown.Kelly pointed out that Republicans haven’t exactly done that well throughout the shutdown, and suggested this strategy has backfired so...
  • Watchdog demands to know why Obama renounced debt-limit power

    10/20/2013 3:18:48 AM PDT · by Cincinatus' Wife · 10 replies
    The Hill ^ | October 19, 2013 | Mike Lillis
    One of Washington's most prominent watchdog groups is seeking the legal reasons behind President Obama's long-standing refusal to hike the debt ceiling unilaterally. As the recent fiscal battle unfolded, the White House said repeatedly that Obama does not have the authority to extend the Treasury's borrowing powers without congressional action. But Citizens for Responsibility and Ethics in Washington (CREW) is challenging that claim, noting that the Obama administration has, in the words of CREW chief counsel Anne Weismann, adopted "an expansive view of executive power" in everything from the surveillance of U.S. citizens at home and the killing of Americans...
  • Republicans Lost the Shutdown Battle, but They're Winning the Fiscal War

    10/18/2013 3:44:22 PM PDT · by Kaslin · 21 replies
    National Journal ^ | October 19, 2013 | Michael Hirsh
    Note to conservatives licking their wounds over the shutdown fight: You’re winning the larger battle over the nation’s fiscal policy. If there's one thing just about everyone can agree on, it's that the Republicans lost this fight—and badly. They surrendered on every point, except for a minor antifraud measure that will not alter the course of the Obamacare juggernaut by an inch. They are in such political disarray that even though John Boehner will almost certainly survive as speaker, he's so thoroughly lost control of his caucus that there is, effectively, no one running the House anyway. All in all,...
  • A debt ceiling hiccup on the way to a 21st-century American world order

    10/18/2013 7:50:40 AM PDT · by ScaniaBoy · 15 replies
    Daily Telegraph ^ | October 18th, 2013 | Ambrose Evans-Pritchard
    Those old enough to remember the 1929 crash on Wall Street and the US exit from the Gold Standard under Franklin Roosevelt – thin in numbers these days – will recall the pervading sense that America had already peaked, its capitalist model overtaken by history. The Russian trade agency Amtorg in New York famously advertised for 6,000 skilled plumbers, chemists, electricians, and dentists, and suchlike, to work in the Soviet Union, then deemed the El Dorado of mankind, or the "moral top of the world where the light never really goes out", in the words of Edmund Wilson. It is...
  • The Conservative War on the GOP

    10/17/2013 4:54:44 AM PDT · by xzins · 77 replies
    The Atlantic ^ | Oct 17 2013 | Molly Ball
    On his radio show recently, Glenn Beck urged his listeners to “defund the GOP.” Sarah Palin has threatened to leave the Republican Party; Rush Limbaugh calls it “irrelevant.” The Senate Conservatives Fund has targeted mainly incumbent Republican senators for defeat. Erick Erickson, one of the right’s most prominent commentators, wonders if what's coming is “a real third party movement that will fully divide the Republican Party.” Conservatives have declared war on the GOP. Tired of feeling taken for granted by a party that alternately panders to them and sells them down the river, in their view, Tea Partiers and others...
  • Schumer: Dems Got Everything They Wanted; Republicans Got ‘A Fig Leaf’

    10/17/2013 7:00:24 AM PDT · by Olog-hai · 83 replies
    Cybercast News Service ^ | October 17, 2013 - 8:51 AM | Susan Jones
    The bipartisan deal to reopen the government and temporarily lift the debt ceiling includes one small Obamacare element—a provision that says people’s incomes must be verified before they can get Obamacare subsidies to help pay their insurance premiums. But this was not a concession to Republicans, Sen. Chuck Schumer (D-N.Y.) told CNN’s Jake Tapper on Wednesday. “It’s, you know, it is, frankly, a bit of a fig leaf, which we were happy to give, but that was not a negotiation. That was not what Ted Cruz and the others started to demand that we give them.” …
  • Obama Wins Authority To Raise Debt Ceiling

    10/17/2013 3:39:20 AM PDT · by LD Jackson · 21 replies
    Political Realities ^ | 10/17/13 | LD Jackson
    The title of this post could easily have been "GOP Loses, Obama Wins Big". I say that because I believe the deal that was struck between Senators Harry Reid and Mitch McConnell and eventually passed by the Senate and the House and signed last night by President Obama is a disaster for our country. The GOP managed to garner exactly zero concessions from the Democrats and our party appears to be fractured, more than ever. And that's not the worst of it. Because the Republican leadership had no stomach for this fight, President Obama has won the authority he has...
  • Senate Debt Deal Weakens Congress on Debt Ceiling (Makes raising it pretty much automatic)

    10/16/2013 11:56:10 PM PDT · by 2ndDivisionVet · 24 replies
    Breitbart ^ | October 16, 2013 | Kerry Picket
    Capitol Hill talk regarding the Senate deal apparently includes a provision that would take away the Congress’ power to increase the debt ceiling. According to Politico, it looks like the buzz appears to be true.: The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt...
  • I've Had Enough, GOP. You're A Bunch of Pathetic Losers.

    10/16/2013 7:30:14 PM PDT · by Absolutely Nobama · 189 replies
    Alan Levy, Gun Owner | Another Crappy Day In Obama's Dystopia | Alan Levy, Gun Owner
    I hate to be rude and I hate to be crass, but you know what, ladies and gentlemen, I've had it. I am sick and damn tired of of voting for a party that mocks me, torments me, and worst of all, collaborates with the fascist pigs in the Democrat party to destroy The United States of America in the name of "bipartisanship". In short, I no longer consider myself a member of the Republican't party. I'm done. The GOP can take a long walk off a short pier. I have had more than my share of being the political...
  • 'Kentucky Kickback'? Not so much. [Full power spin]

    10/16/2013 5:12:26 PM PDT · by don-o · 27 replies
    The Washington Post ^ | October 16, 2013
    <p>The Senate Conservatives Fund, which has suggested it might oppose Senate Minority Leader Mitch McConnell (R-Ky.) in a primary next year, alleges McConnell got a bit of sweetener in the Senate’s plan to reopen the government and extend the debt ceiling.</p>
  • Rush Limbaugh: GOP ‘so irrelevant’

    10/16/2013 5:34:08 PM PDT · by Sub-Driver · 70 replies
    Rush Limbaugh: GOP ‘so irrelevant’ By: Mackenzie Weinger October 16, 2013 02:25 PM EDT Rush Limbaugh on Wednesday blasted the Republican Party as “irrelevant” and responsible for “creating one of the greatest political disasters” he’s ever seen. “I was trying to think earlier today, if ever in my life I could remember any major political party being so irrelevant,” the conservative radio host said on his show, according to a transcript. “I have never seen it. I have never seen a major political party simply occupy placeholders, as the Republican Party is doing.” Limbaugh slammed the Republican Party for consistently...
  • US debt ceiling: Senate passes US budget deal (81-18)

    10/16/2013 5:33:28 PM PDT · by NormsRevenge · 42 replies
    BBC News ^ | 10/16/13 | BBC
    The US Senate has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risks default. The Democratic-controlled Senate's bipartisan compromise won swift approval by 81 votes to 18. It will now be sent to the House of Representatives, whose Republican leadership has begrudgingly said it will support the measure. It comes hours before the deadline to raise the $16.7tn (£10.5tn) limit. President Barack Obama is set to speak shortly at the White House. The deal would extend the federal borrowing limit until 7 February and fund the government to...
  • Senate Debt Deal Includes Provision Lessening Congress' Power On Debt Ceiling

    10/16/2013 4:49:51 PM PDT · by Perdogg · 188 replies
    Capitol Hill talk regarding the Senate deal apparently includes a provision that would take away the Congress’ power to increase the debt ceiling. According to Politico, it looks like the buzz appears to be true.: The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt...
  • Stopgap bill approves $3 billion of pork spending

    10/16/2013 4:47:28 PM PDT · by jazusamo · 29 replies
    The Washington Times ^ | October 16, 2013 | Stephen Dinan
    Buried inside the new stopgap spending bill are several pork project goodies, including nearly quadrupling the maximum price of a dam project on the Ohio River that is turning into a boondoggle — up to nearly $3 billion. The bill also includes $174,000 of taxpayer money being sent to the widow of the late Sen. Frank Lautenberg. The death gratuity, which has been paid to widows of other lawmakers in the past, raised hackles since Mr. Lautenberg was a multimillionaire, while the government is $16.7 trillion in debt. But lawmakers did nix one provision that was in an early draft...
  • The Last Conference [Names to note for future reference]

    10/16/2013 3:35:46 PM PDT · by don-o · 20 replies
    NRO ^ | October 16, 2013 | Jonathan Strong
    At the last GOP conference meeting of the two-week government shutdown, no lawmakers went to the microphones to give their take. Instead, after Speaker John Boehner told Republicans they had “fought the good fight,” they all rose up to offer a standing ovation. “It was one of the easiest meetings we’ve ever had,” says Representative Mick Mulvaney of South Carolina. “I think he has strengthened his position in leadership,” Representative John Fleming says about Boehner. “He hung in there with us. He’s been reluctant to go to these fights and now that we have stood up and fought for our...
  • Carney: Immigration Reform Back on Front Burner"

    10/16/2013 10:09:19 AM PDT · by pabianice · 46 replies
    Fox News Live | 10/16/13
    Carney announces that now the CR and Debt Ceiling have gone Obama's way, the president is putting "immigration reform" back on the front burner. "It's the right thing for America."
  • Jonah Goldberg: Don't Underestimate The Things That Obama Will Do For Spite (video)

    10/16/2013 4:33:47 PM PDT · by i88schwartz · 9 replies
    RealClearPolitics ^ | October 16, 2013 | RealClearPolitics
  • Surprises tucked in Senate debt bill (Lautenberg's widow scores $174K & the 'Kentucky Kickback')

    10/16/2013 4:36:19 PM PDT · by Libloather · 45 replies
    The Hill ^ | 10/16/13 | Pete Kasperowicz
    The legislation released by the Senate late Wednesday to reopen the government contains several surprises. The bill includes extra funds to fix flooded roads in Colorado, a $3 million appropriation for a civil liberties oversight board and a one-time payment to the widow of Sen. Frank Lautenberg (D-N.J.), who died over the summer. It also includes a more than $2 billion increase in funding for construction on the lower Ohio River in Illinois and Kentucky. Current law authorizes $775 million in spending for related projects, and the bill increases it to $2.918 billion. The Senate Conservatives Fund quickly called that...
  • McConnell-Reid Deal Includes $2 Billion Earmark for Kentucky Project (McConnell pet projects)

    10/16/2013 4:29:11 PM PDT · by barmag25 · 92 replies
    Wflp news ^ | 10/15/13 | /Phillip-m bailey
    A proposal to end the government shutdown and avoid default orchestrated by Republican Leader Mitch McConnell and Democratic Leader Harry Reid includes a $2 billion earmark for a Kentucky project. Language in a draft of the McConnell-Reid deal (see page 13, section 123) provided to WFPL News shows a provision that increases funding for the massive Olmsted Dam Lock in Louisville from $775 million to nearly $2. 9 billion.