Barak Obama is the first Democratic president to advocate cutting Social Security benefits. Whatever happens next, this is a historic change of direction for his party and an ominous turning point for the American social/economic compact.
|By: DSWright Monday January 28, 2013 8:35 am|
Buried within the “fiscal cliff” deal was a massive piece of Corporate Welfare for pharmaceutical giant Amgen. That’s not surprising given that the tax increases in the bill were completely offset by the Corporate Welfare stuffed into it – so a huge waste of time deficit wise. But the Amgen subsidy is causing consternation given both the amount and Amgen’s recent misconduct.
|By: Jon Walker Monday January 7, 2013 3:20 pm|
This may have some real implications for the next round of debt related negotiations which are guaranteed to take place in two months. Republican leaders may feel they have something to prove after being perceived as been bested.
|By: Peterr Saturday January 5, 2013 9:11 am|
Tim Huelskamp (FarRightR-Brownbackistan01) has been in the news lately for standing up to John Boehner (NotQuiteSoFarRightR). Last month, Boehner kicked Huelskamp off the House Agriculture committee, leaving Kansas without a member of that committee for the first time in 150 years. Note, please, that Huelskamp prides himself on being a farmer first, and Huelskamp’s most favorite map (his vast congressional district) is packed with farms, so this hurts him not just in his ego, but in his ability to deliver for his constituents.
Given another map that’s making the rounds these days, that ought to make his constituents, very nervous, if not very angry.
|By: letsgetitdone Friday January 4, 2013 5:51 am|
Another platinum coin surge in the Second Wave rippled through the mainstream media yesterday and this time hit the Congressional Progressive Caucus. Domenico Mantanaro of MSNBC kicked things off on one of the morning shows by mentioning the Trillion Dollar Coin (TDC) as a possible solution to the debt ceiling problem. Then, in the afternoon, on MSNBC’s the cycle, Krystal Ball, and Steve Kornacke, in discussing the coming debt ceiling conflict talked rather matter-of-factly, I thought, about minting some TDCs to get around the debt ceiling.
Then Paul Krugman blogged about platinum coins. In the context of answering a question about whether we can “print money,” to get around the debt ceiling, he answers no, and then says…
|By: Jon Walker Thursday January 3, 2013 6:21 pm|
Today, from Hawaii President Obama used an autopen to sign into law the American Taxpayer Relief Act, which is the legislation to advert the fiscal cliff.
|By: DSWright Thursday January 3, 2013 8:39 am|
What may be unknown to many who observed the “fiscal cliff” legislative brawl is that nestled within the legislation was a smorgasbord of corporate goodies. The corporate welfare provisions within the bill received scant attention as the chief concern for most was whether or not the Republican Congress would kill the deal and plunge America off “the cliff.”
|By: DSWright Wednesday January 2, 2013 6:45 am|
Combine this odd behavior with Majority Leader Cantor’s no vote and we might have a challenge on our hands Thursday when Republicans elect a new speaker for the 113th Congress. It’s being reported that there are 20 Republicans are willing to band together to unseat John Boehner.
|By: Jane Hamsher Tuesday January 1, 2013 6:30 pm|
In spite of all the strum und drang, the Republicans in the House have managed to dysfunctionally sidewind their way into voting on the Senate’s Fiscal Cliff bill rather than adding amendments that would punt the bill to the next Congress.