The Obama administration will not negotiate over the debt limit again according to Treasury Secretary Jacob Lew. From CNBC:
|By: Jon Walker Tuesday August 27, 2013 12:10 pm|
|By: Jon Walker Tuesday July 30, 2013 3:10 pm|
Say what you will about George W. Bush, he at least understood the best way to get a “yes” in the often paralyzed Congress was to simply give people what they wanted most. He would give conservatives lower taxes, he would sometimes try to give Democrats increased spending on programs, and he would give corporations a cushy role as needless middlemen.
|By: Jon Walker Tuesday July 30, 2013 7:15 am|
Given that there is a fundamental and unbridgeable disagreement on this issue the administration should have moved on to basically anything else, but it has become Obama’s white whale.
|By: Jon Walker Thursday July 18, 2013 12:10 pm|
The so called “grand bargain” is never going to truly be defeated as long as Barack Obama is president, because for whatever reason, it is a top personal goal of his. Like the monster in a profitable Hollywood horror franchise it is only stopped temporarily until the administration sees a way to revive it.
|By: Jon Walker Thursday June 6, 2013 3:25 pm|
This is some of the better news I have heard in awhile. The Center for American Progress has turn against the push for austerity. In a new report the organization points out the policy arguments for a grand bargain are incredibly weak right now and the politics are mostly hopeless.
|By: Jon Walker Thursday May 16, 2013 8:40 am|
The best part about Washington’s new obsession with scandals is that it seems to have killed any hopes for a grand bargain in the near future. Congress has only so much bandwidth to deal with issues and it looks like most of that time will be consumed by “investigations.” In addition, while Republican are in all out war mode against the administration it is basically impossible to take part in complex compromise negotiations.
|By: Jon Walker Monday May 6, 2013 1:25 pm|
President Obama and Congressional Republicans actually view concerns about the deficit in two different ways and that is what has prevented a deal.
Obama for whatever reason actually thinks reducing the long term deficit should be important. He has put forward plans to include spending cuts and tax increase in order to achieve this goal. He has repeatedly tried to tailor his plan to get enough buy in from different groups for it to become law.
|By: letsgetitdone Sunday April 28, 2013 7:00 am|
The intellectual dishonesty continues. As before, it’s the lie of omission.
R and R are familiar with my book ‘The 7 Deadly Innocent Frauds of Economic Policy’ and, when pressed, agree with the dynamics.
|By: Eric Laursen Thursday April 11, 2013 8:35 am|
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 Wednesday April 3, 2013 7:35 am|
While Washington debates cutting Social Security and Medicare the facts are in on the “recovery” – it’s a bust. Not only has unemployment remained historically high – 7.7% officially, 23% by the old metrics – but poverty has spiked to historic highs.