Archive | July, 2011
Confirmed: Debt Deal Guts National Defense
My problem isn’t the fact there are deep cuts to national defense. Cuts as part of some massive reform package would be acceptable. No, my problem is that there are deep cuts to national defense while we fail to reform programs like Medicaid and Social Security. National defense is a constitutional responsibility. Entitlement programs are [...]
Deal’s “Trigger” Would Critically Endanger National Security
31. July 2011
Alana Goodman notes that one of the “triggers” — effectively repercussions in case Republicans refuse to pass tax hikes in the near future — in the debt deal is a massive cut to defense spending. In fact, it’s an additional $750 billion in cuts to defense spending in addition to cuts already passed. It amounts [...]
CBC to Call for Obama to Unilaterally Raise the Debt Ceiling
31. July 2011
Using his non-existent power to do so under the 14th Amendment. Their press conference is tomorrow morning at 11 am, for those interested. How dumb of an idea is this? Not only has the White House rejected it as unconstitutional, but very liberal Congressman Barney Frank (D-MA) has said doing so would cause a “great [...]
Bernie Sanders Slams Debt Deal, Too
31. July 2011
You can add yet another dissenter to the Democratic ranks. Senator Bernie Sanders of Vermont, who’s technically an independent but caucuses with Democrats due to his admitted socialist beliefs, says he opposes the deal. Bernie Sanders calls this “deal” “grotesquely immoral” and “bad economic policy.” So Republican leaders are taking flack from their caucus over [...]
House Progressive Co-Chair: This Deal Sucks
31. July 2011
Another case where the deal is bad enough that both sides find it awful. In fact, the only people appearing to support the deal right now are the very “leaders” who negotiated it in the first place. Actually, Grijalva’s objections here are misleading. He says he wants a deal involving both tax hikes and (small) [...]
All You Need to Know About the Debt Ceiling Deal
31. July 2011
As usual, Ace gets it: “Deal” Still Being Negotiated; Seems To Involve A Two-Step Process: First, A Soft Republican Capitulation, Then, A Hard Republican Capitulation The threat of drastically slashing Defense will cause Republicans to vote for tax increases. Democrats will not identify additional money to be cut, because they don’t want to, and they [...]
The Deal: Accept Either Tax Hikes or Defense Cuts
31. July 2011
Once again, Washington tries to fix the entitlement crisis by either raising taxes or gutting national defense. And the GOP leadership agreed to it…again. Good job, guys. What we know about the pending deal is that the Democrats and Republicans are agreeing to a Deficit Commission. Despite the media spin — and the spin of [...]
House Republican Confirms: “Deal” Amounts to Surrender
30. July 2011
Congressman Dennis Ross (R-FL) is reading the same report we are about the apparent “deal” reached between the White House and Republican leadership. In exchange for a $2.8 trillion immediate debt increase, we get a DOA vote on the Balanced Budget Amendment, promised cuts in the future that will never materialize, and just about nothing [...]
Debt Deal Gives Obama Just What He Wants
30. July 2011
Unbelievable. Actually, totally believable. I completely believe our weak-ass Republican leaders agreed to this crap. The details: 1. Obama gets his full $2.8 trillion debt hike. 2. Congress promises to cut $1 trillion over 10 years, but can’t actually keep that promise. 3. Another promise to establish a commission to look into cutting more. 4. [...]
Banking Giant to Cut 10,000 Jobs
30. July 2011
Banking giant HSBC is set to cut 10,000 jobs globally within the next year, Sky News reports. The company employes about 300,000 individuals worldwide.
31. July 2011
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