A Federal Reserve that does not back the government will not be backed by the government.
|By: Jon Walker Friday October 4, 2013 8:18 am|
|By: Jon Walker Thursday October 3, 2013 10:48 am|
I’m happy that President Obama’s and Congressional Democrats leaders’ reaction to John Boehner’s offer to seek a grand bargain to get out of this current crisis was to basically laugh in his face. Obama has been very public about saying he will not negotiate over the debt ceiling, but this flat out refusal to entertain this chance to get his grand bargain finally shows he means it.
|By: Jon Walker Monday September 30, 2013 4:00 pm|
Government shutdowns are damaging, inconvenient and stupid but they are also manageable. We’ve had over a dozen in the last century. As a country we know how to handle them.
|By: Phoenix Woman Sunday September 29, 2013 8:00 pm|
As the House GOP’s nuttier members follow Senators Ted Cruz and Mike Lee like the poor children of Hamelin were seduced by a Pied Piper who led them to their doom, the sole satisfaction I can get out of this is knowing that these clowns won’t be rewarded for doing their utmost to destroy America.
|By: Phoenix Woman Saturday September 28, 2013 6:45 am|
The irony is that the Tea Partiers in Congress would respect John Boehner more — and thus be more likely to heed him — if he didn’t all but pee on his shoes every time they glanced his way. If, just once, he were to say “Screw it, I’m going to talk to Nancy about a deal” and did so, he’d show that he’s willing to call their bluff.
|By: Phoenix Woman Friday September 27, 2013 3:30 pm|
By the time you read this, John Kline, all Federal government employees and military troops will probably have been told something along the lines of the following sentence:”If the shutdown looks like it will last more than two weeks, apply for unemployment money.”
|By: Jon Walker Wednesday September 25, 2013 12:30 pm|
We now have an official debt limit deadline. Today, Treasury Secretary Jack Lew sent Congress a letter informing them there will not be enough cash on hand to pay all our bills starting October 17. That is the date by which Congress needs to raise the debt limit or risk causing significant financial damage.
|By: Jon Walker Tuesday September 24, 2013 11:20 am|
It is growing increasingly clear that Republicans are unlikely to actually cause a government shutdown in a misguided attempt to get President Obama to destroy the Affordable Care Act, so they have started to turn to the debt limit as the real fight. House Republicans plan to load a debt ceiling increase with every conservative wish they can imagine as part of their opening bid.
|By: Jon Walker Monday September 23, 2013 8:28 am|
If the Republicans aren’t willing to risk being blamed for a government shutdown there is no way they are going to risk being blamed for significant financial destruction.