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Budget Deficit Tag

Posted by William A. Jacobson on July 27, 2011 28 Comments

Mitch McConnell had it right a couple of weeks ago when he made the following statement: A “real solution” to U.S. fiscal problems isn’t possible as long as President Barack Obama remains in office, Senate Minority Leader Mitch McConnell said Tuesday, heightening the rhetoric surrounding the...

Posted by William A. Jacobson on July 26, 2011 26 Comments

Here's the analysis by James Pethokoukoukis (via @irishspy): Now is not time to let the perfect be the enemy of the good. Neither the Reid budget plan nor the Boehner budget plan packs the fiscal wallop of Cut, Cap and Balance. But significant progress on cutting...

Posted by William A. Jacobson on July 25, 2011 13 Comments

So badly that he still claims to be willing to veto any debt bill which does not extend the debt limit beyond the 2012 elections: Meanwhile, Senate Majority Leader Harry Reid said he is working on a plan to raise the debt limit by $2.7 trillion,...

Posted by William A. Jacobson on July 24, 2011 15 Comments

Because the Sun may not rise in the East tomorrow, I'll be posting random updates of interest, but feel free to help out in the comments particularly in those hours known on the East Coast as sleepy time. Harry Reid just (8:40 p.m. Eastern) issued a statement...

Posted by William A. Jacobson on July 24, 2011 17 Comments

Here is your overnight debt bomb defusing news: Sam Stein at HuffPo says Boehner's going to call Obama's bluff on a short term extension:  "The Ohio Republican, in a briefing with his conference on Saturday, announced that he would press for a short-term deal, with major spending...

Posted by William A. Jacobson on July 23, 2011 34 Comments

John Podhoretz notes that Obama is trying to talk the markets into a panic as part of Obama's political strategy (emphasis mine): An enraged Barack Obama just took to the nation’s airwaves to announce his effort to strike a deal with Republican Speaker of the House...

Posted by William A. Jacobson on July 22, 2011 24 Comments

John Boehner has given up, for now, trying to negotiate a debt deal with Obama because Obama is insisting on a tax increase as part of any deal: "In the end, we couldn't connect. Not because of different personalities, but because of different visions for our...

Posted by William A. Jacobson on July 22, 2011 8 Comments

When word spread via leaks to The NY Times and others that there was the possibility of a debt deal being worked out between Obama and Boehner in which budget cuts would be frontloaded with no new taxes on "the rich," Democrats in the Senate rushed to scuttle...

Posted by William A. Jacobson on July 21, 2011 5 Comments

Just saw this ad running on Fox News, from Spenditol.com: ...

Posted by William A. Jacobson on July 21, 2011 8 Comments

Speculation abounds, from The NY Times on down (or is it, on up?): The Obama administration has informed Democratic Congressional leaders that President Obama and Speaker John A. Boehner were starting to close in on a major budget deal that would enact substantial spending cuts and...

Posted by Michael Alan on July 20, 2011 6 Comments

Senator Jim DeMint is circulating this video from the Club for Growth showing twenty (!) Senate Democrats pledging their support for a Balanced Budget Amendment. As a little bit of context, H.R. 2560 did pass with support from five House Democrats last night, so it's...

Posted by William A. Jacobson on July 20, 2011 10 Comments

I will not be able to follow the debt bomb bombast today since it's a travel day back from the brink (a/k/a San Francisco). Have we sold out yet and declared victory?...

Posted by William A. Jacobson on July 20, 2011 16 Comments

Via The Last Tradition, Rep. Joe Walsh gives it to Chrissy: ...

Posted by William A. Jacobson on July 19, 2011 35 Comments

How we doin? Does the red go to the black, or the other way around?  And the yellow goes to the orange, or was it back to the red? We only have [fill in arbitrary number of days based on articial deadline] to figure it out.  But...

Posted by William A. Jacobson on July 18, 2011 44 Comments

I'm only able to follow today's debt ceiling posturing and bickering on an infrequent basis.  Looks like Repulicans are looking for a single or double, something along the lines of modest spending cuts with no tax increase, with the 2012 presidential election to be the home run...

Posted by William A. Jacobson on July 15, 2011 13 Comments

How bad is it? The President of the United States has been reduced to assuring us by saying: We're not Greece.  We're not Portugal. Funny, didn't Greece say it wasn't Portugal?  And didn't Portugal say it wasn't Greece? I don't like where this is heading....

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