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Obama: No Negotiating On Debt Ceiling

Obama: No Negotiating On Debt Ceiling

In his last news conference of the year President Obama asserted there’d be no negotiating on the need to raise the debt ceiling that threatens to create turmoil when Republicans get in the way of doing what they’ve done for every other president. During a White House press conference CNN’s Brianna Keilar asked the president […]

December 20, 2013 / More... ( comments)

Prepare For Another Fight Over Debt Ceiling

Congressman Paul Ryan says Republicans are going to want something in return from Democrats for raising the debt ceiling. That means the possibility of another ugly standoff. Said Ryan: “We, as a caucus, along with our Senate counterparts, are going to meet and discuss what it is we want to get out of the debt […]

December 15, 2013 / More... ( comments)

Palin Wants You To Know She’s Not Racist As She Compares Federal Debt To Slavery

Speaking at an Iowa Faith and Freedom Coalition event, Sarah Palin compared the federal debt to slavery. “Our free stuff today is being paid for by taking money from our children and borrowing from China,” she said at the Iowa Faith & Freedom Coalition’s fall fundraiser at the State Fairgrounds Saturday night. “When that money […]

November 11, 2013 / More... ( comments)

Fix The Debt Tries Twitter Q&A; It Does Not Go Well

Holy trolls, Batman! When billionaire Pete Peterson’s Fix The Debt decided to hold a Q&A  session on Twitter to sell corporate America’s austerity agenda, they must not have expected to be trolled. First rule of Twitter: always  expect the trolls. By the time the whole real-time conversation was called off, the stream for #FixTheDebtQA was 100% […]

October 17, 2013 / More... ( comments)

Jack Lew Explains The Default Threat Level

It looks like Ted Cruz was not the only pol making headlines this morning on CNN’s “State of the Union”. Treasury Secretary Jack Lew gave the nation another reason to be angry with stubborn House “Tea Party” Republicans as he laid out a stark warning to the nation over the debt limit: [Lew] warned that […]

October 6, 2013 / More... ( comments)

Shutdown Costs $300 Million A <em>Day</em>, Drives Up Deficit

Way to go, Tea Party!  Their clear thinking, erudition, planning, and devotion to smaller government by engineering a shutdown will save American taxpayers billions of dollars… er… uh… um… oops! A partial shutdown of the federal government will cost the U.S. at least $300 million a day in lost economic output at the start, according […]

October 2, 2013 / More... ( comments)

‘I Will Not Negotiate’

‘I Will Not Negotiate’

During the past week, President Obama drastically shifted the rhetoric concerning the stand-off between the White House and Congress – more specifically, the House Tea Party caucus – on legislation that would raise the debt ceiling. The White House and the President himself were comparing the behavior of the Tea Party to that of hostage-takers […]

September 28, 2013 / More... ( comments)

Obama Calls Boehner, Draws Line In Sand

Talk about throwing a drowning man an anchor! The President has told the hapless House Speaker, whose out-of-control Tea Party caucus has decided to take the debt ceiling hostage, that the matter is non-negotiable: Later on Friday, Obama called House Speaker John Boehner, to reiterate he would not negotiate on another bill that will soon be […]

September 21, 2013 / More... ( comments)