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Tag Archives: debt limit

Debt Ceiling Deal and Spin

Debt Ceiling Deal and Spin The Debt Ceiling Deal On August 2, 2011, President Barack Obama signed the Budget Control Act, hours after the Senate approved the bill. The bill will raise the debt ceiling by as much as $2.4 trillion. The bill does not cut spending – it will continue to increase, but will cut future spending increases. The ...

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Debt and our failing economy

Is the country being led astray once again by those on the Hill that appear to be doing business as usual? The words deficit and downgrade and debt-ceiling almost seem to be synonymous with one another when nothing could be further then the truth. Yet both sides think they are right; they have resorted to high school politics where one ...

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The Debt Ceiling Deal, the “Trigger,” and Defense Budget Cuts

The Debt Ceiling Deal, the “Trigger,” and Defense Budget Cuts The Deal The “Debt Ceiling Deal,” a compromise negotiated by Republicans and Democrats over this past week-end (30, 31 July, 11) proposes, among other things, a $350 billion cut in the defense budget over the next ten years. That proposal is bad enough, but … the “deal” also establishes a ...

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CBO Analysis of August 1 Budget Control Act

On August First, the Congressional Budget Office (CBO) released this summary of its analysis of the debt limit compromise legislation (amendment to S.365). The Congressional Budget Office (CBO) has estimated the impact on the deficit of the Budget Control Act of 2011, as posted on the Web site of the House Committee on Rules on August 1, 2011. The legislation ...

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Debt Limit Bill – Amendment to S.365 [Full Text]

In the House of Representatives, U. S.,  August 1, 2011.Resolved, That the bill from the Senate (S. 365) entitled `An Act to make a technical amendment to the Education Sciences Reform Act of 2002.’, do pass with the following: AMENDMENT: Strike all after the enacting clause and insert the following:   SECTION 1. SHORT TITLE; TABLE OF CONTENTS.   (a) Short ...

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Frustrated Democrat: Tea Party Makes it Impossible to Spend Money

Truth is indeed stranger than fiction. Especially when a Democrat Congressmen shares with the American public exactly why the Democrats are so frustrated with the Tea Party. Vice President Biden reportedly compared Tea Partiers to terrorists in  a private meeting with Democrats. While many other Democrats and  media outlets like polico and the New York Times are using the the “Tea Party Terrorist” line, no ...

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Making the Cut

As we all know money is on most everybody’s mind in these hard economic times, coupled with our Congress fighting each other over the debt and spending issues. No one in Congress has put any permanent solutions on the table but Cut, Cap and Balance seemed to be a step in the right direction. The House Republicans came up with ...

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The Debt “Deal” Is A Bad Idea

For what feels like the millionth time, I am utterly disgusted by the goings on in Washington.  This, of course, is nothing new, but the stakes are much higher this time and I feel like I’m watching a slow-motion train-wreck in action. For weeks, we’ve been warned by Congressional leaders in both parties, and by the President, himself, that August ...

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Liberalism and Child Play

I’m seeing a certain attitude from the left that I usually see in children. I’m talking actions that could be summed up in childhood hit phrases such as “I know you are but what am I”, “It wasn’t me”, and our dear leader’s favorite, “Lalalalala I’m not listening. Lalalalala.” Thing is, when any grown adult acts this way (especially if ...

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Boehner Releases Framework of Debt Ceiling Deal

On Sunday night, Obama announced that a deal on the debt ceiling had been reached. While House minority leader Nancy Pelosi was saying that some or none of her Democrats might vote for the proposal, House Speaker Boehner held a conference with the leaders on the right side of the aisle. Later Sunday night, he released the details of the ...

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Band Jockeying

Paul Ryan’s solution for our debt solution held up only with the Conservative segments of the Republican coalition. Reid’s plan only appealed to Democrats and the remaining plans garnered support or disdain from many different factions within Congress, but none of them had the votes to pass. Now, 11th hour negotiations have been happening in the offices of Congressional leaders ...

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