The FY 2013 budget that the Administration will release today is, in the long run, a meaningless document in substantive terms, so I don’t want to spend that much time on it. But I was a little surprised with the pushback I received about my assessment that it reflects a shift in tone rather than policy. It’s a simple fact that the Administration has wanted a deficit deal for some time, and that this budget will build in a deficit deal. They’re going about it in a smarter way with a higher bid in the negotiations.
Again, New Accents But Same Songs in Obama Budget |
| By: David Dayen Monday February 13, 2012 8:55 am |
Republicans Want to Avoid Defense Trigger By Firing Other Federal Employees |
| By: David Dayen Friday February 3, 2012 5:05 pm |
Six Republican Senators unveiled their legislation yesterday to roll back the defense trigger from the debt limit deal, replacing the $600 billion in savings with other cuts. However, this is not a $600 billion deal; in fact, the Senators, led by John McCain, only delayed the first year of defense cuts at a cost of $109 billion. They achieved this through pay freezes and cuts to federal employees. Considering that members of the military are also federal employees, you’re basically sparing one set of federal employees for another.
Doctors Without Borders Describes Being Asked to Treat Patients Between Torture Sessions in Libya |
| By: David Dayen Friday January 27, 2012 9:45 am |
Doctors Without Borders said that since August, its medical teams have treated 115 people in Misrata who bore torture-related wounds, including cigarette burns, heavy bruising, bone fractures, tissue burns from electric shocks and kidney failure from beatings. Two detainees died after being interrogated, the group’s general director said.
Panetta Set to Release Plan for Reduced Pentagon Budget |
| By: David Dayen Tuesday January 3, 2012 11:30 am |
Leon Panetta has sketched out his vision for an “austerity” military, which only spends slightly less than every country on Earth does on their militaries combined, rather than more. This reflects the cuts from the spending cap version of the debt limit deal, not the trigger cuts which would reduce another $500-$600 billion from Pentagon budgets over 10 years. We’ll be able to fight only one unnecessary ground war and another “not-hostilities” action, plus drones wherever.
White House Just Following Law on Debt Limit Increase |
| By: David Dayen Wednesday December 28, 2011 1:00 pm |
Why is the White House asking to raise the debt limit now? In the text of the Budget Control Act of 2011, aka the debt limit deal, you see that Title III sets up the “Debt Limit Disapproval Process.” This sets the rules for when the President needs to ask for an increase in the debt limit, and the Rube Goldberg-like process for how Congress can “disapprove” of it without really stopping it.
Washington Post Runs Another Front Page Editorial About the Deficit |
| By: Dean Baker Wednesday December 28, 2011 12:30 pm |
The Washington Post used a front page, above the fold article, to complain that Congress and President Obama had not done as much as it would have liked to reduce the deficit. What the Post failed to reports is that many people around Washington and across the country applauded this failure as a great victory.
Desire to Avoid Another Debt Limit Battle Before Election Driving Policy |
| By: David Dayen Tuesday December 27, 2011 2:30 pm |
This week, the White House will ask Congress for the second tranche of increases to the debt limit, as negotiated in the August deal. The conditions for the second debt limit increase have been satisfied by the pulling of the trigger, caused by the collapse of the Super Committee. Republicans can only stop this second increase through a “resolution of disapproval,” a vote that the President can then veto. But that deal also constrains how much deficit spending occurs this fiscal year, and thus the “pay-fors” for any stimulus measure.
Demand for US Debt Up, Inflation Down |
| By: David Dayen Tuesday December 27, 2011 8:17 am |
One of the standard opinions from many economists, especially those on the right, was that the US spending/debt load was unsustainable and would surely spark massive inflation. After the downgrade of US debt by Standard and Poor’s after the debt limit deal, debt was seen as toxic. America just had to deal with its debt problem or the bond market would deal with it for them. This dog simply has not barked.
Democrats Fighting Funding Resolution To Stop a Dangerous Precedent |
| By: David Dayen Monday September 26, 2011 8:40 am |
Despite threats to carry on with a one-week recess, Congress stayed in session, with still no agreement on funding the government past this Friday. That means the threat of a government shutdown is still there.
Congress Quietly Clearing the Decks, Avoiding Hostage Situations |
| By: David Dayen Saturday September 10, 2011 10:10 am |
I think Republicans are showing themselves sensitive to criticism over hostage-taking, at least in the short term. It did damage to their party in the debt limit debate, and they’re wary of jumping into another fight of a similar ilk. The next hurdles to clear will be 2012 appropriations and surface transportation funding, both of which expire September 30.


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