Archive | July, 2011
U.S. Likely to Lose Credit Rating Anyway, Analysts Say
Despite confidence that Washington will reach a deal on the debt limit just in time, analysts now expect the United States to lose its top-notch credit rating. In fact, one analyst says a downgrade is, “now more likely than not”. And while just 5% expect the United States will default on its debt, a majority [...]
Hoyer: Democrats Will Oppose Boehner Plan, Too
26. July 2011
Usually Democrats opposing a plan would indicate its worthiness. But not this time. This time it’s the case that the plan is too horrid for either side to support, albeit for different reasons. Democrats oppose the plan because it forces them to confront the debt issue before the next election. They’d rather put that off [...]
Call Your Congressman: Tell Him to Hold the Line
26. July 2011
We now find ourselves having to ask congressmen to hold the line against a plan put forward by a Republican. House Speaker John Boehner (R-OH), hoping to retreat and move on from the debt ceiling debate as soon as possible, has proposed a weak plan that would give Barack Obama everything he wants and now. [...]
Club for Growth: The Boehner Plan Sucks
26. July 2011
Fiscal sanity advocate Club for Growth has announced its “strong” opposition to the weak Boehner Plan, which would give Obama a $1 trillion debt increase immediately yet cut only $26 billion from the budget in 2012. The Club for Growth strongly opposes the Boehner Debt Limit plan, otherwise known as the Budget Control Act of [...]
Cantor to Conservatives: “Stop Whining” About More Debt
26. July 2011
This guy needs to go. At a closed-door meeting Tuesday morning, House Republicans leaders urged members to rally behind a recently-unveiled GOP deficit plan, which they plan to vote on later this week. According to a source in the room, House Majority Leader Eric Cantor (R., Va.) told members he was “150 percent” behind House [...]
Carney: We Won’t Write Our Plan Down
26. July 2011
Stephan covered this. I’ll just comment. You can’t write down a plan that doesn’t exist. Barack Obama doesn’t have a budget plan; he has rhetoric. He can attack private jet owners and accuse Republicans of defending the rich, but ask him to put ideas to law and he can’t do it. Why? Because it constrains [...]
White House: You Proles Actually Want a Written Plan?
26. July 2011
White House Press Secretary Jay Carney was asked by Chuck Todd of NBC News why the Obama Administration hasn’t actually released the plan it’s touted. Carney’s response was remarkable: “You need it written down?” Yes, Jay, that’s usually the way these things work. You present a plan in written form. You don’t simply give speeches [...]
Conservatives Weigh-In on Boehner’s Weak Debt Plan
26. July 2011
First, Michelle Malkin: As for House GOP Speaker Boehner’s plan to increase the debt limit and create another in a long line of endless do-nothing commissions, Erik Erickson calls it “Punt, Kick, and Pass.” Speaking of Erickson: The Democrats and Republicans in Washington may be trying to compromise, but they just aren’t that serious. They [...]
Congress Must Reject Boehner Plan
26. July 2011
Speaker John Boehner (R-OH) is touting his pathetic excuse for a plan to restore fiscal sanity, and unfortunately some Republicans seeking to move on from this debate are backing it. This is inexcusable. Congress must reject Boehener’s plan. Why? Plenty of reasons. First of all, there’s no entitlement reform — only a promise to consider [...]
BREAKING: David Wu to Resign from Congress
26. July 2011
Congressman David Wu (D-OR) has announced that he will be the next House Democrat to resign over sexual misconduct, CBS News and other outlets report. Wu is under fire after he admitted to sexual relations with the teenage daughter of a major political donor. While he insists he did nothing wrong, the girl has accused [...]
26. July 2011
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