Tag Archives: debt limit

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… Read More »

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… Read More »

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… Read More »

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… Read More »

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… Read More »

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… Read More »

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… Read More »