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Budget Deficit Tag

Pretty much says what needs to be said when it needs to be said with the tone in which it needs to be said from someone who can get away saying it: ...

There is something disturbing about an explanation of our debt crisis in Chinese, even if the video producers are in Taiwan, not mainland China. It's easy for them to laugh. ...

Obama just held his third press conference in two weeks, and he's still pushing for the big deal which includes increased taxes, and still playing the class warfare card very hard.   Given the past two and one-half years, we definitely are in fantasy land where...

"The President needs to put a plan on the table." That was the message at the Republican House press conference this morning, as multiple House Reps stepped to the microphone. This really is the heart of the problem. The House Republicans have passed a...

Maybe this is why he picked the arbitrary August 2 deadline to increase the debt ceiling.  He doesn't want to miss his August 3 birthday fundraiser by having to spend time at work dealing with the likes of Eric Cantor.  Hey, there are priorities and then there are...

Yesterday Moody's issued a warning of a possible debt downgrade if the debt ceiling dispute created a situation in which the U.S. defaulted, even though Moody's acknowledged that "the risk is low." Obama is using the possible downgrade as a major bargaining chip in negotiations with Republicans, threatening...

March 25, 2010: But Mr Obama was less inclined to be so conciliatory. He immediately presented Mr Netanyahu with a list of 13 demands designed both to the end the feud with his administration and to build Palestinian confidence ahead of the resumption of peace talks....

Per ABC News, Obama stormed out of a meeting with Eric Cantor and others when Republicans suggested a short term solution to the debt ceiling dispute because the negotiations were still far apart: "Don't call my bluff," the president said. "I am not afraid to veto...

Isn't that what this all is about at this moment in time? We just have to last another 18 months and win the presidential election, and then our long national nightmare will come to an end.  Until then, we're just trying to limit the damage. Until he...

A reminder from Bill Kristol (h/t commenter Mike Hinton) But even if [the McConnell plan] created a bad news day yesterday for Republicans, the good news is that it’s already yesterday’s news. It’s House Republicans—not Senate minority leader McConnell—who will control tomorrow’s news. It is dawn yet?  It was just a...

Obama is bluffing.  He so desperately wants to keep spending at high levels and to increase taxes that he is threatening to withhold social security checks from recipients. Republicans should take a reasonsble deal if it is available.  A structure of scaling back spending, even if...

Because the more I think about Mitch McConnell's proposal, the darker things are looking. I tried in my initial post to be fair and balanced, and not simply reactive.  But it's growing on me, and not in a good way. The good news is that 98% of...

Below is the video in which Mitch McConnell sets forth his proposal, and here is the WaPo analysis: McConnell’s proposal would have the effect of forcing Obama and congressional Democrats to take full responsibility for raising the debt limit, and require Democrats to vote on the...

I was right, mostly. The serious, conciliatory Obama showed up at the press conference today. The only reasonable person in the room was the theme. I was wrong to the extent that in his opening statement and throughout Obama framed the issue as the Republicans not...

Democrats have an idea.  Let's take an additional $2 trillion from the private sector and give it to the federal government. What possibly could go wrong? ...

Last night John Boehner announced that Republicans were abandoning an attempt to reach a $4 trillion deficit reduction deal with Obama because Obama inisted on $1 trillion in tax increases.    Obama always wants new taxes on the "rich."  As Michael Alan wrote here, Obama wanted tax...

That's my impression of the "drama" unfolding in the budget talks.  Obama now is the one purporting to demand bigger cuts, a more long term agreement, and so on and so on, provided there also are commensurate tax increases. It's an interesting ploy, and tied solely...

If you are on Twitter, the Heritage Foundation has five questions it is asking Obama for his Twitter Townhall.  The event, like all of Obama's townhalls, is merely for show, but if he wants questions sent via Twitter, here are the five: Your budget was rejected...