House Passes Clean Debt Ceiling Bill With Democratic Support

By: Wednesday February 12, 2014 6:45 am

There’s no two ways about it, Speaker Boehner conceded because President Obama and the Democrats held the line. Apparently, to paraphrase the president, negotiating with “hostage takers” is the wrong move. And, subsequently, saying you won’t play their game can yield some positive results. Better to learn that in 2014 than never?


The Five Stages of GOP Grief Over the Debt Limit

By: Thursday February 6, 2014 11:15 am

Now we are in the bargaining stage.

Late Night: Watching and Waiting for the Next Shutdown

By: Sunday January 26, 2014 8:00 pm

Last week, Jon Walker stated the following: “It will be interesting to see if Republicans have finally learned their lesson and will just quietly raise the debt limit or if they again try to play games for weeks by making demands that will eventually go unmet.”

Guess what? They’re baaack…

Shutdown Ends, Debt Ceiling Raised, For Now

By: Thursday October 17, 2013 6:40 am

After wasting everyone’s time and money for 16 days, Speaker Boehner and the House Republicans caved in and reopened the government and raised the debt ceiling. Now we return to the brutal austerity of the Budget Control Act of 2010, in losing the Republicans have won. Although part of the deal to reopen the government included allowing special interests to tailor the sequester cuts to the poor and powerless as part of a joint committee between the House and Senate. So things are actually going to get worse for most people.

President Addresses Nation, Senate Passes Measure to Reopen the Government, Raise Debt Ceiling

By: Wednesday October 16, 2013 5:22 pm

As the Senate passes the measure to reopen the government and raise the debt ceiling, the president will address the press.

Rationalization and Obligation, Part VI: What the President Ought to Do, What He Probably Will Do

By: Wednesday October 16, 2013 4:25 pm

If the President is obligated to obey the 14th amendment, then he should be doing whatever he can to use the other options to end the debt ceiling crisis. He should not be playing chicken with the Republicans over the debt ceiling and the shutdown. Both are dangerous to the economy, and there is a real risk of default in allowing the Treasury’s daily available balance to fall to the level it will be at as of October 17th.

Ted Cruz Loses Local Newspaper Endorsement But Gains Cash For Helping Shutdown Government

By: Wednesday October 16, 2013 12:25 pm

In a cheerful press conference today Senator Ted Cruz said he would not try to stop a bill reopening the government and raising the debt ceiling from passing the Senate. It would seem that Senator Cruz should be in a more sour mood given that his plan to stop Obamacare is set to be thwarted. Things really seem to be going poorly for Cruz as the Houston Chronicle, one of his home state’s most prominent papers, took back its endorsement of him.

Senate Crafting Bill To Avoid Default After House Chokes

By: Wednesday October 16, 2013 6:44 am

Yesterday, in stunning display of incompetence, Speaker Boehner was unable to find enough Republican votes to pass the Senate negotiated compromise to end the shutdown and raise the debt ceiling. Rather than simply letting the House vote on the bill where it likely would have passed due to Democratic votes, Boehner pulled the bill.

Did The US Already Default On Its Reputation?

By: Tuesday October 15, 2013 11:59 am

The truth is the US government has already defaulted on promises it has made to its own employees and the damage to America’s reputation or credit from even flirting with a default are severe. The rest of the world has taken notice of the incredible political instability in Washington and faithfully begun planning to create a new world financial order that does not grant the US such privileges.

Deal To End Shutdown And Raise Debt Ceiling Developing In Senate

By: Tuesday October 15, 2013 6:59 am

As we enter day 15 of the government shutdown and Republican poll numbers are dropping out of the sky a deal is reportedly developing in the Senate to end the shutdown and raise the debt ceiling. The deal funds the government until January 15th and raises the debt ceiling until some time in February – the 7th or possibly the 15th.

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