Nearly All Senate Republican Opposes Democratic Debt Bill

Democrats need 7 Republicans, but all 43 say “no”…

Reid Bill To Face Vote 1 A.M. Sunday

It’s the arcane rules of the Senate. The Reid bill has provisions both parties should like.

According to a memo from his office, Reid’s latest proposal would increase the deficit reduction over 10 years from $2.2 to $2.4 trillion, with a “dollar to dollar” increase in debt ceiling based on a proposal originally authored by McConnell. It would fast-track resolutions of disapproval to allow the president to raise the debt ceiling with the political liability falling on Democrats.

Reid’s proposal establishes spending caps for the next 10 years that, if exceeded, would trigger across-the-board spending cuts. Much of …

Why The Economy Is Not Recovering And Will Not Recover Anytime Soon

By Yashwanth Manjunath

The Commerce Department just announced yesterday that GDP growth between April and June of this year was only 1.3 percent, when economists had been expecting 1.8 percent. In addition to less then stellar GDP growth, consumer confidence has fallen to a two-year low. Economic growth is clearly stagnant to the point of virtual nonexistence as we are failing to produce enough jobs to reduce the unemployment rate. The question is why this is happening, and what can be done to address the economic crisis.

The answer as to why we are still in this mess is …

Libyan Rape Accuser Now In The U.S.

Eman al-Obeidy, who accused the Libyan government of gang-raping her in March, in now in the United States.

After spending 54 days in a U.N. High Commissioner for Refugees facility in Romania, Obeidy arrived in New York late Wednesday night, then boarded a flight to the destination where she will reside.

She told CNN she is excited and happy to be in the United States, and passed her thanks to the U.S. government and Secretary of State Hillary Clinton, adding that she hopes to meet her someday.

Al-Obeidy has been granted asylum in the United States.…

Senate Tables John Boehner’s Bill

Harry Reid to start clock ticking on new plan to solve debt crisis…

Counties In Eric Cantor’s District May Lose AAA Credit Rating Because Of Debt Ceiling Stalemate

Submitted by Eric

Moody’s is warning 162 governments they are risking a downgrade…

House Approves Boehner Debt Plan 218-210

And it has no chance of passing the Senate…

On Friday’s Radio Show…

• Default or Deal? President Obama is urging Congress to pass a plan to avoid a government default. Alan has the latest in the debt showdown.

• Has the debt debacle hurt Rep. John Boehner’s standing in the House? Alan analyzes the speaker’s struggle to manage his side of the aisle.

• Massachusetts unties the knot: Alan discusses the Bay State’s decision to change the size and duration of alimony payments.

• It’s the Friday Night Free-For-All!…

Obama Apporval Rating 40%, Down 10 Points Since June 7

Previous low was 41%

…

House Republicans Spend Their Time Renaming Post Offices In Peoria And Guam

They can’t do the important business of the country, so they are busy renaming post offices.  House  Speaker John Boehner once mocked the very thing he is now having Congress do:

“With all the challenges facing our nation, it is absurd that Congress spends so much time on naming post offices, congratulating sports teams, and celebrating the birthdays of historical figures,” Boehner said in a September 2010 speech in Washington.

But Thursday night, while Boehner couldn’t get the votes for his debt plan, it was time to get down to some serious business:

A facility as far away as …

Both Parties Are Not Responsible For Our Crisis–Just One Is

There is not equivalency and, like Paul Krugman, I am so tired of hearing, “Both parties are responsible” for our problems. No. One is.

President Obama initially tried to strike a “Grand Bargain” with Republicans over taxes and spending. To do so, he not only chose not to make an issue of G.O.P. extortion, he offered extraordinary concessions on Democratic priorities: an increase in the age of Medicare eligibility, sharp spending cuts and only small revenue increases. As The Times’s Nate Silver pointed out, Mr. Obama effectively staked out a position that was not only far to the right …