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Subscribe to RSS"House Republicans made a show of voting down a standalone debt limit increase Tuesday, but the failure of the measure will have no effect on ongoing bipartisan negotiations led by Vice President Joseph Biden," Roll Call writes.
The Hill: "The House overwhelmingly voted down an unconditional increase to the $14.3 trillion debt limit Tuesday, as the Republican majority delivered a symbolic rebuke to President Obama ahead of a meeting at the White House."
The New York Times: “Republicans brought up the measure, which was defeated 318 to 97, to show the lack of support in the House for raising the $14.3 trillion debt ceiling without concrete steps to rein in chronic budget deficits. The preordained outcome followed several acts of odd political theater on the House floor: Republicans urged the defeat of their own measure, while Democrats — who not long ago were seeking just such a vote to raise the debt ceiling without attaching spending cuts — assailed Republicans for bringing it up, saying its certain defeat might unnerve the financial markets.”
"Wall Street recognizes Tuesday night's vote on the debt ceiling as nothing but a kabuki dance that likely won't send the stock market into a tizzy, analysts said," the New York Daily News writes.
But The Hill notes, "Wall Street so far has shrugged off Washington’s fight over raising the debt ceiling, but experts warn patience will wane and nerves will fray after the Fourth of July holiday."
Rep. Anthony "Weiner called one reporter a 'jackass' for repeatedly interrupting to ask if the Queens Democrat had really posted the photo," the New York Daily News writes of Weiner being pestered yesterday about someone hacking his Twitter page and posting a lewd photo.
Politico’s Ben Smith: “After a long weekend’s fuss over a photograph of a man’s crotch, sent over his Twitter account, Weiner appears to have decided not to pursue an investigation that would conclusively settle how the image made its way online. He also refused repeatedly to answer direct questions about whether he’d taken or sent the photograph. Technical data could settle this question. The photograph was uploaded to the site yfrog.com, which is integrated with Twitter, and either Twitter, yfrog, or both almost definitely have logs indicating the unique digital address of the computer or device that sent the image.”
The New York Post throws this grenade as its top story: "It takes a certain type of woman to set his heart a-Twitter. Rep. Anthony Weiner follows only a select 198 of his nearly 49,000 Twitter fans -- and a surprising number of them are total babes."
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I don't think this would surprise most people that this is possibly just a "right winger" plant to get back for losing a NY district to Democrats that has been Republican for over 150 years. Yet again, people are starting to realize that many of our elected politicians, both Repubs & Dems, are not working for the PEOPLE any longer. What's going on in Washington DC is sad for this country. GREED is controlling our political process, and the things that need to be done for this country are taking a back seat to those who can influence policy with their MONEY. Voters of both parties need to realize this and start sending a more direct message to our leaders ... work for US or GET OUT before we VOTE YOU OUT. This country can crash, and many of us will be hurt by it, but rest assured, those that actually cause the crash will easily live through it to begin the process again and again.
This all started at the end of the Jimmy Carter administration, with the implementation of the policies of "Supply-Side Economics" ... and it has created a hate between the Haves & Have Nots which continues to worsen. It must be stopped! Don't take my word for it, simply do a search ... "Does Supply-Side Economics" work?" Make your own conclusions.
call their bluff! and mr vice president keep your hands off of medicare, medicade and social security! it is time to back them better!
Well, Obama got his vote and he lost, badly. He couldn't even get his own party members to vote for it and now he should bite the bullet and start making those tough choices he was so fond of talking about, but some how hasn't been able to muster the courage to actually propose and implement. Your bluff has been called Mr. Obama.
Obama's insistence on raising the debt ceiling without cutting his reckless spending is simply irresponsible. What is wrong with him?He is the one that is playing a dangerous game with our fiscal well being. Does he not understand that we can not continue to run up massive budget deficits without running this country into total collapse? We can not get this clown out of office soon enough. When the campaign's start up in full swing Obama will be skewered by his own words.
All of the above are quotes from Pres Obama. Moreover, just before the Nov elections Mr. Obama was warning that, after the new year, tough choices would have to be made to cut spending and reduce the deficit. However, Mr. Obama has clearly been a man of empty rhetoric and not one of action. His bluff is now being called. Repubs need to stick to the will of the voters and force Mr Obama and the Dems to live up to their rhetoric.
Mr. Obama's lack of leadership and inability to adhere to his own words have been stunning. First, he failed to timely submit a proposed 2011 budget in 2010. This was obviously politically motivated, as he knew that if the budget he eventually did propose, well into 2011, was put before the voters before the Nov elections, members of his party would have suffered even larger defeats at the polls than the massive drubbing they suffered.
Second, the budgets Mr Obama has proposed in the past and the budget he belatedly proposed for 2011 all substantially increased deficit spending and the debt. While his proposed budget for 2011 slowed the rate of deficit spending, it still increased deficit spending. No real cuts were proposed. If that isn't kicking the can down the road, I don't know what is!
Third, Mr. Obama's 2011 proposed budget lacked tough choices and was utterly a failure when it came to giving leadership. To the contrary, it encouraged the "Progressives" to continue calling for massive big government spending with no end in sight. And he is not working with Republicans to get the tough meaningful choices enacted that will actually reduce spending and the deficit. As opposed to merely reducing the rate of increase in both, as he and the Dems continually propose.
Fourth. Mr Obama was so insistent in having a deficit commission put in place that he bypassed Congress, because they were not willing to authorize the Commission, and issued an executive order forming the Commission. Yet when the Commission came out with its recommendations, Obama did the exact opposite of what he said he would do, and ignored virtually every recommendation they made when he issued his belated proposed budget. Indeed, the Commission was yet another Washington gimmick, put in place by Mr. Obama, designed to try and placate voters into thinking that Mr Obama was serious about addressing deficit spending and the crisis level debt we are now saddled with. Which he has exponentially increased during his term in office. Which, by the way, he would continue to increase if Congress would only allow him to have his way on the budget.
I guess Mr Obama was correct, when he stated that he didn't go to Washington to pass our problems onto the next President or generation. What he didn't tell us is that he planned on passing along even bigger problems to both.
Mr Obama has before him the opportunity to show some real leadership while at the same time addressing Washington's spending addiction. He can start off by rallying the members of his own party to pass a balanced budget amendment. If every ones' goal is to act fiscally responsible and balance the budget, than why not force them to do so by requiring it under the Constitution? Surely a balanced budget amendment will be favored by the public and the Repubs will back it as well. Once it is passed our elected officials, in all parties, will be forced to deal with reality and live within our means.If he is not willing to go the amendment route, he can propose budgets that only spend as much revenue as we take in. Not the deficit spending budgets he and the Dems continue to propose. He can advance the ball along even further by timely proposing a 2012 budget that makes cuts and reforms in the massive entitlement programs that are required if real progress is to be made. Leaving the tough choices to the Repubs and then chastising them when they make tough choice proposals is simply not productive and, quite frankly,a childish political ploy. And it certainly demonstrates a lack of leadership capability/will.
If Mr. Obama is a man of action that meets his rhetoric he will heed his own words. Otherwise his words will come back to end his Presidency when the voters hold him accountable in 2012.
republicans are so full of sh*t !!! if they really wanted to address our nation's debt they would raise taxes on the wealthy and stop subsidizing oil companies to the tune of billions of dollars !!! they should stop these charades and work with the democrats to return our nation to fiscal health !!! besides it was these same hypocritical bastards who put us in this financial JAM !!! I could enumerate the ways that they "busted the budget" but I will only say that it began with two wars and two tax cuts !!!
p.s. republicans NEVER BALANCE BUDGETS !!!
Taxing the rich won't cut it. You could take 100% of earnings of those making more than $250K annually, and it would only bring another $500B. We'd still have a deficit, and coporate taxes would still be higher in America than any industrialized nation. Libs want to turn the U.S. into a total welfare state. Oh wait, with 1 in 6 Americans already on the dole, we already are.