Congress broke a rancorous stalemate Tuesday to pass legislation designed to avert the so-called fiscal cliff. But the compromise bill, which blocked most impending tax increases and postponed spending cuts largely by raising taxes on upper-income Americans, left a host of issues unresolved and guaranteed continued budget clashes between the parties. The bill represented the largest tax increase in the past two decades and was passed over opposition from conservative Republicans in the House who objected to the fact that it contained no long-term spending cuts of any significance.
FTA: "The House voted 257-167, with 172 Democrats joining 85 Republicans in supporting the measure. Voting against the bill were 151 Republicans, and the GOP leadership split over the issue: House Majority Leader Eric Cantor (R., Va.) voted against it, while House Speaker John Boehner (R., Ohio) voted for it. Also supporting the bill was Rep. Paul Ryan (R., Wis.,) the GOP vice presidential nominee who has been an ardent opponent of increasing taxes."
This is all you need to know to begin targeting for 2014 midterm elections & 2016. 0bama sends Biden in and 0bama will now take the credit. Pathetic.
I don´t see how the stock market can react positively to this outcome. Of course, these days, the stock market is less about economic fundamentals and more about government manipulation. I think the QE bubble that is being inflated as we speak will pop soon enough. Realists will stand back and say, hey, this really cannot be sustained. Will that happen this week? Next month? Next year? Dunno, but its going to happen and there will be a market crash of epic proportions.
Husband and I were never particularly impressed with Ryan and a his plan that took something like 25 years to balance the budget, lol. He´s of the Boehner-style leadership: compromising and deal making, and not too smart about it. Pitiful.
Disgusted with the Republicans again. Now Ryan fails too. I´m done with the Republican Party. Will still stay registered as a Republican, because I want to vote in all elections and would never register as a Democrat.
#10, my spouse and I feel the same way; may change to independent. Voting principles now, not party line. This has been a revealing situation--90% or more of those in WA, DC are more concerned with press adulation and looking "good" than they are with representing the people and the Constitution. America has always been a jewel, but she´s getting more tarnished everyday. Sad.
Paul Ryan has now done two things that diminish him in my eyes. First, he kept his House seat while running to be Vice-President. People who run for offices need to decide which office and go all in. Second, he voted to loot the rich for Obama and forego fiscal sanity.
And once again, we have Zero talking out of both sides of his lying mouth.
FTA: "Mr. Obama said he would like to take additional steps to reduce the nation´s deficit."
"Republicans want to use the debt ceiling to extract spending cuts. Mr. Obama has said he won´t negotiate."
Rather contradictory, unless Zero is coming up with new tax revenues, other than the monster just passed and the monster of ZeroCare. Maybe a breathing tax?
This is standard Zero. Do no work, wait until the last minute of an artificial deadline for a manufactured crisis, posture like a sissy, back the spineless wonders into a bad deal, and claim victory. And America loses once again, drowning in a sea of ever increasing red ink. Sickening.
FTA: It was, said Rep. Gerry Connolly (D., Va.), a "hold-your-nose vote." No shiite, Rep. Connolly. Some of us are intimately familiar with those kinds of votes. Glad you got to finally experience one, too.
Montevideo - Uruguay´s Senate is expected to pass a law on Tuesday making the small South American nation the world´s first to allow its citizens to grow, buy and smoke marijuana. The pioneering government-sponsored bill establishes state regulation of the cultivation, distribution and consumption of marijuana and is aimed at wresting the business from criminals. Cannabis consumers would be allowed to buy a maximum of 40 grams (1.4 ounces) each month from state-regulated pharmacies as long as they are over the age of 18 and registered on a government database that will monitor their monthly purchases.
The political temperature in the Arctic rose on Tuesday when Vladimir Putin vowed to step up Russia´s military presence in the region in response to a claim by Canada to the north pole. In typically trenchant style, Putin told his defence chiefs to concentrate on building up infrastructure and military units in the Arctic. He said the region was again key to Russia´s national and strategic interests, following a retreat in the post-Soviet period. His comments were a direct and rapid riposte to Canada, a rival Arctic power. John Baird, said his government had asked scientists to work on a submission to the UN arguing
The phone call came from a charming woman with a bright, engaging voice to the cell phone of a TIME Washington Bureau Chief Michael Scherer. She wanted to offer a deal on health insurance, but something was fishy. When Scherer asked point blank if she was a real person, or a computer-operated robot voice, she replied enthusiastically that she was real, with a charming laugh. But then she failed several other tests. When asked “What vegetable is found in tomato soup?” she said she did not understand the question. When asked multiple times what day of the week it was yesterday, she complained repeatedly of a bad connection.
A porn performer who tested positive for HIV in Los Angeles is asking for privacy as the industry tries to determine the scope of the problem. "The performer deserves privacy and dignity at this difficult time, and we ask that our colleagues and the media respect the performer’s wishes for privacy unless he or she wishes to speak," the Free Speech Coalition, a porn industry trade group, said in a statement. The Free Speech Coalition said it was working to identify anyone who had sex with the infected performer. “We take the health of our performers very seriously and felt
In China on Thursday, Vice President Joseph R. Biden Jr. spoke plainly about the role of a free press in a democratic society. “Innovation thrives where people breathe freely, speak freely, are able to challenge orthodoxy, where newspapers can report the truth without fear of consequences,” he said in an address to American businesspeople living and working there. He was speaking against the backdrop of China’s restrictive policies on reporting by foreign news organizations; the Chinese government has so far declined to renew the visas of nearly two dozen reporters from The New York Times and Bloomberg News as a consequence
Jerusalem - Israeli Prime Minister Benjamin Netanyahu has decided not to attend a memorial service for Nelson Mandela this week because it is too expensive to travel to South Africa, Israeli media reported on Sunday. Netanyahu had notified the South African authorities that he would fly in but cancelled his plans at the last minute due to the costs involved -- around 7.0 million shekels ($2 million) for his transport and security alone, pubic radio and the Haaretz daily reported. "The decision was made in light of the high transportation costs resulting from the short notice of the trip and the security required for the prime minister
New Orleans - Things traditionally get started a little late down here, an inclination that runs from mealtimes to political races. But with nearly a year to go before the 2014 election, it is already open season on Senator Mary L. Landrieu, Democrat of Louisiana. (Snip) As Democrats look across the rest of the South, the outlook does not get much better. Ms. Landrieu, along with Senators Mark Pryor of Arkansas and Kay Hagan of North Carolina, is pretty much all that is left of Southern Democrats in the Senate. All three are up for re-election next year. And the outcome of their races could determine whether the Southern Democrat,
New York — The anchor who might beat Bill O’Reilly gets her eyelash extensions applied one at a time, with tweezers and dabs of glue, about 90 minutes before showtime, right after a motorized gun sprays foundation over her face, neck, shoulders, collarbone and sternum, wiping out a galaxy of light freckles that spreads across her — Let me stop you right there. Photos of the day Uruguay legalizes marijuana, Kiev police pull back from protesters, aging U.S. prison population and more. Tuesday´s Photos of the day Would you write this way about a man? About O’Reilly himself? At least that’s what Megyn Kelly might ask at
In August 2013 I became very sick with what I thought was a cold. After a few days I lost vision in my left eye and I checked into the hospital. I soon found out that what I thought was a summer cold was actually Strep bacteria poisoning my blood stream. The bacteria blinded my left eye, ate a hole through my heart, caused five strokes on both sides of my brain and forced the removal of my prosthetic left knee. Dr. Lee was the surgeon assigned to perform open heart surgery. What was originally scheduled to last four hours ended
The health director who approved the release of President Obama’s birth certificate has died in a plane crash, Hawaiian officials said Thursday. Loretta Fuddy died after the Cessna Grand Caravan aircraft she was travelling on went down shortly after leaving Kalaupapa Airport at around 3:15 p.m. local time (10:15 a.m. ET) on Wednesday. The other eight people on board were rescued, Richard Schuman, president of Makani Kai Air, told NBC News early Thursday, adding that that there was no indication as to why the plane had crashed. Fuddy hit the headlines two years ago when she approved a waiver request allowing Obama to
Fox News host Megyn Kelly has made herself the center of a racial controversy by declaring that Jesus Christ and Santa Claus are white. On Wednesday night, Kelly was responding to an article by Slate writer Aisha Harris, who wrote an article entitled “ Santa Claus Should Not Be a White Man Anymore .” The popular news host told viewers of “The Kelly File,” her hit FNC program, “When I saw this headline, I kinda laughed and I said, ‘Oh, this is ridiculous. Yet another person claiming it´s racist to have a white Santa.’ And by the way, for all you kids
Views of the tea party are at all-time lows in a new poll, as primary challenges to establishment Republicans continue to heat up Washington. Just 30 percent of Americans view the tea party favorably in a new Gallup poll released Wednesday, the movement’s lowest point since Gallup began polling about it during its rise in 2010. Also in a first, a majority of Americans had an unfavorable view of the tea party, at 51 percent. Similar numbers of respondents described themselves as proponents or opponents of the tea party: Twenty-two percent identified themselves as tea party supporters, while 24 percent said they
THE Internet has been abuzz over the spectacle of President Obama and the prime ministers of Britain and Denmark snapping a photo of themselves — a “selfie,” to use the mot du jour — with a smartphone at the memorial service for Nelson Mandela in South Africa on Tuesday. Leaving aside whether it was appropriate, the moment captured the democratization of image making that is a hallmark of our gadget-filled, technologically rich era. Manifestly undemocratic, in contrast, is the way Mr. Obama’s administration — in hypocritical defiance of the principles of openness and transparency he campaigned on — has systematically tried
If you go down on the ice today you´re sure of a big surprise - a rare glimpse of 20 polar bears gorging on a bloody midnight feast. These photographs show a rare cluster of males, females and cubs all dining out on the remains of a whale carcass. They spent a night and a day stripping every last morsel from the mammoth sea creature. Usually Polar bears are solitary and would never tolerate being so close to each other. But with food in plentiful supply and bellies dragging on the floor they seem too lethargic to fight.Wildlife photographer Michal