I must confess I was a little surprised by the utter defeat of the ‘baggers over the shutdown/debt default. After all, conservatives bowing to reality isn’t exactly a thing in 21st century America, as we see pretty much every day. What did leave me somewhat taken aback, though, was the fact that Democrats, particularly the Caver in Chief, somehow found it in themselves to stand up to the lunacy for a change.
|By: letsgetitdone 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.
|By: Attaturk Tuesday October 15, 2013 1:30 am|
Undoubtedly, this seems like a capital idea for reenacting by the modern Tea Party.
|By: letsgetitdone Sunday October 13, 2013 1:00 pm|
But what happens if the assets are sold to one or more of the regional Fed Banks. These are agents of the Federal Government, but they privately owned.
|By: letsgetitdone Saturday October 5, 2013 7:52 am|
It now looks like the big media and leaders in both parties are no longer focusing on the Government Shutdown crisis, but are now moving on to the notion that the shutdown is melding with the upcoming probable breaching of the debt limit to create a combined mother of all fiscal crises. Along with this, the media and many politicians, encouraged by the President’s standing “strong, strong, strong,” are now directing attention away from whether ObamaCare will be delayed or compromised, to other types of ransom the Administration might pay in return for both re-opening the Government and also providing an increase of an undetermined amount in the debt limit.
|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: letsgetitdone Thursday September 19, 2013 5:50 am|
What happened to the responsibility of the Press to put other choices on the table by acknowledging their existence and talking about them?
|By: letsgetitdone Sunday September 1, 2013 9:00 am|
Stories in The Washington Post and the New York Times have some in the blogosphere proclaiming that it’s time to celebrate the death of the Grand Bargain, and others at least raising a question about its death. I’ll go on record as saying that celebrating its death is definitely premature.
|By: letsgetitdone Thursday August 29, 2013 7:00 pm|
As we approach the time when the debt limit, and the lack of agreement between the two parties in Congress, will force the Government to miss payments, Congress does have an obligation to raise the debt limit or remove it entirely. But, Treasury Secretary Lew and the President need to acknowledge that there are things they can do too to avoid a default on the public debt, apart from either reminding Congresspeople of their responsibility, or giving into Republican demands.
|By: Jon Walker Thursday August 22, 2013 10:49 am|
Sen. Ted Cruz (R-TX) is out pushing for a government shutdown to force President Obama to repeal Obamacare, but House Republicans may take this crazy idea a dramatic step farther. They are apparently floating the idea of using the debt ceiling vote as leverage instead.