The US was scrambling to avert a potentially disastrous breach of its debt ceiling on Wednesday morning, after Republican attempts to table a deal collapsed in disarray overnight, leaving the prospects for a last-minute deal on a knife-edge. America´s divided political system now has just 24 hours to find a compromise to the budget stand-off between the White House and hardline Republicans, with the deadline to extend America´s borrowing limit falling due on Thursday. In a sign of plunging confidence in Washington on Wall Street, Fitch, a leading credit ratings agency announced that the US was now on a "negative watch"
doesnt matter whether dingy and obozo care or not...downgrades are theirs....THEY WILL OWN IT.....obama can criticize repubs all he wants.........he is the president...UNFORTUNATELY...it is all his................
I was watching fox last night, off and on, and they are salivating in glee that the Tea Party might get squashed. I didn´t think I could get any more revolted by our "news" media, but because I had hope for fox, they are making my stomach turn in a big way. And then, to top it off, I heard the loon mccain raving on the floor of the senate. The Twilight Zone was a much more enjoyable, entertaining horror show than today´s reality.
One part of the government that didn´t (never) shut down is the collection arm of the IRS. Those dollars keep flowing into the treasury at the rate of 200+ billion per month. Interest on the debt 20 billion. That we would default because the borrowing limit isn´t raised is another lie. Also another barely mentioned story was the buying binge by all the departments that had money left at the end of the fiscal year and needed to spend it or have their budgets reduced for the coming year. And there is nowhere to cut and we need to borrow more???
Ditto the comments made by #8. The default is a myth. Default and raising the debt ceiling are two TOTALLY DIFFERENT issue that have been collapsed into one issue. We can continue to pay interest on the debt regardless of whether or not we raise the debt ceiling. We simply cannot continue to borrow more in order to spend more.
Now, on a separate issue -- where the hell is Reince Priebus? We are now on week 3 -- there should be ads running in every media market SHOWING Reid and Obama in 2006 voting against a raise of the debt ceiling and their DIRE warnings about stealing from our children. We lose the ground war because we aren´t getting our side out and we KNOW that the media isn´t going to get it out, so we have to produce our own ads and get it out ourselves!!!
Hurry! Time is running out! So expect Obama to issue an executive order officially setting the calendar back 6 months to avoid default. It can be APR here and OCT everywhere else. How easy is that? Fits in with printing hollow money, reset buttons and smoke and mirrors in our American House of Cards. /s
I don’t’ know about you, but when conjecture, presumption, hypothesis and speculation come tumbling in from all directions to our national psyche and I begin hopelessly babbling to myself, I go to my go-to guy, Mark Levin. I trust him as far as I can throw him and multi-kilometers beyond. The fearless, redoubtable Mark Levin, America’s radio talk show host who really and truly knows whereof he speaks.
The ONLY way that the US would default is if zippy refused to authorize the payment on the interest. That is an impeachable offense, not that he would care. There is absolutely no excuse for him doing that, except to further the destruction of America, and he would own it. It might not effect him personally but it should have major repercussions in the elections next year.
But conservatives need to be shouting it from the rooftops. Sarah talked about it yesterday on Hannity and every other conservative pundit in the media should be saying it as well.
BTW, apparently Sheila Jackson Lee, that fountain of wisdom, is calling for martial law.
Government by crisis is never good but it is becoming the norm in Washington. You´d think they never saw this coming. Unfortunately, we expect the people who created this mess to fix it, and they have no desire to put an end to their gravy train.
The official WH position is that we must increase the debt limit immediately so we can borrow the money to pay our debts. Honestly that is what Carney said. We are 17 trillion in the hole now and it´s getting worse. This is the same mentality that caused the 2008 crash.
I can´t think of a better way to force spending cuts than to refuse to raise the debt ceiling. There will be no default. Maybe the the left wing rating agency will lower US bonds ratings. Big Whoop! It´s worth it to get spending under control. Shut Obama down. Go for it! It´s way better than the sequester.
In the long view of this era, Obama and the Democrats will be blamed for the destruction of our free society as we know it. The real lesson in all of this chaos is never, never compromise your principles.
The good folks of the Tea Party know this, and they are a bastion of common sense in the House of Representatives. The Senate, and I mean both parties, on the other hand is comprised of a den of thieves and turncoats who would barter away your future and freedom, just to get along.
The so called debt ceiling deadline indicates nothing more than the government continued to overspend when cuts in the welfare state were needed. Raising the ceiling does nothing more than to approve the continued destruction of our economy.
Community Organizers and socialists are the bane of a free society. Throw the bums out!
I am so tired of hearing the "de-fund Obamacare" crowd talking about standing on "principle." De-funding is just another way of killing Obamacare which was attempted and failed 46 times before.
Picking a fight that is impossible to win is not principled, it´s stupid! It distracted from and undercut the fight to bring deficit spending under control. Most Americans want deficit spending brought under control while most Americans were undecided about Obamacare because they were still trying to understand it.
The recent public resistance to Obamacare is due to the roll-out mess that is Obamacare. The de-fund Obamacare crowd had nothing to do with it.
If the de-fund crowd keeps this up, the sequester (which has resulted in true deficit spending reduction) will not only be delayed but could be eliminated!
Did anyone catch Sean Hannity´s show last night? Another one with an audience mix of political commentators. To sum up the whole mess and how the Tea Party (and We The People) are going to be thrown on the altar of political convenience and demagoguery by the RNC and the White House and Reid is Jehmu´s comment at the end of the show: We won and that´s just how it is.
GO INTO DEFAULT! It will force the Demorats to curve their "buying votes with the public treasury" practices and start paying for necessities, the military and pay the debt instead of adding to it.
Democrats would never get elected if they couldn´t buy votes with taxpayer/debt raising programs like entitlements, food stamps, welfare, subsidies and grants. They have destroyed this nation with trillions of debt, a healthcare program nobody can afford and attempts at “fairness” and “equality” that is not fair and makes nobody equal; it has run amok. The wealthy are wealthier than ever while more people are on food stamps, welfare and subsidies. The working class is being strangled out of existence... And the people keep voting for these losers!!!! WAKE UP!
Look at it this way: the plumbing in our house is not working, it’s backing up, and excrement is filling up in the house and rising non stop because of no checks and balance, NO CONTROL ! How do we solve it? We raise the roof of the ceiling so it can pile up even more. We don’t stop the raising up of the excrement. Is this insanity or what ? We want to raise the ceiling so it can KEEP PILING UP. It IS INSANITY. Each violating member of Congress EACH AND EVERY ONE is insanely irresponsible for not screaming from the roof tops 24/7 of this total fiscal insanity. ALL of THEM.
How long does one think that the average citizen would last if he/her had several credit cards and every month that the bill came due on the one with the highest debt on it, that they just borrowed enough money on another credit card just to pay the INTEREST on the other card? just how long could that exist? And how long would the banks be willing to continue increasing their borrowing rate? Is the US any different? I know all about the trust and faith of the government, but there is going to come a time that nobody is going to buy US bonds simply because they have become worthless. All of this is simply a Ponzi scheme at there are some of us that realize it. Of course, I keep hearing about how the pubies are about to cave in on all of these "negotiations". As I and everyone else knew they would.
I would like an audit showing WHERE the current monthly revenue of 250-300 billion a month that comes in is going. Paying the current bills is about 50 billion a month. Social security cannot be stopped without violating the LAW. (more comes in than goes out each month in ss) at least until 2038.
I can not live my life on borrowed money. Sure it will last a while, but at some point my ability to pay it off or break even with my minimum monthly payments becomes an impossibility. The government is no different. The day of impossibility will soon arrive for Dear Leader and Crime Inc. But he will be long gone and on the beach in Hawaii playing golf.
The reason we are in this mess is because 3 million Republicans stayed home and would not vote for Romney. I think Boerner and SOME Republicans tried to change things, but remember they are up against a very slick Chicago mafia and they know how to do things that no sane person would ever even think of. We have been worked over by the mafia type and we don´t know how to even begin to know how to beat Obama and his cronies.....
Technicians in the Washington area raced up to a month-end deadline set by the Obama administration to make the troubled federal insurance website work for a majority of users, but officials acknowledged they still faced a raft of problems that could take weeks or more to fix. By Saturday evening, technicians completed a major hardware upgrade, adding computing, storage and database capacity to their data center, said one person familiar with the situation. "There was a big install and it worked," the person said. Contractors believe the upgrades will improve the system´s performance and let it handle more visitors, but the person
The once-sleepy town of Williston sits on the confluence of the Yellowstone and Missouri rivers in the US state of North Dakota. Five years ago, Williston had a population of 12,000 and was slowly dying on its feet – an agricultural hub marked out from the plains only by the grain silos that stand silhouetted against the big North Dakota skies. The fall-out from a brief oil boom in the mid-1980s had left the town with sky-high debts and a main street filled with empty shops and peeling facades. Young people looking for jobs skipped town at the first opportunity. Today, Williston is
The CIA used a secret base at Guantanamo Bay nicknamed ´Penny Lane´ to turn some of al-Qaeda´s most dangerous terrorists into double agents, US officials have admitted.Inmates languishing under Guantanamo Bay´s harsh regime were offered cash rewards, "hotel" style rooms and even pornography if they agreed to help the CIA track down and kill fellow al-Qaeda operatives. Instead of Guantanamo´s spartan cells, they would be transferred to cottages equipped with private kitchens, showers and televisions, as well as their own patio. A handful then signed agreements to work for the CIA, under which they were released and told to hook up once
DALLAS - A winter storm system blamed for at least 10 fatal accidents in the West and Texas threatens to dampen the Thanksgiving holiday for millions of Americans traveling this week.Nearly 300 American Airlines and American Eagle flights were canceled in and out of Dallas-Fort Worth International Airport on Monday due to the weather, spokeswoman Laura Masvidal said, mirroring disruptions at the air hub a day earlier. Some of the country´s busiest airports - New York, Washington D.C., Philadelphia, Boston and Charlotte, N.C. - could see big delays. Icy roads led to hundreds of accidents and at least 10 deaths, half
As he climbed the political heap, a young Barack Obama roused audiences with promises to unite the nation. He was a Senate candidate in 2004 when he told the Democratic national convention, “There is not a liberal America and a conservative America. There is a United States of America.” In 2007, he declared early in his presidential run that “I don’t want to pit red America against blue America. I want to be the president of the United States of America.” A year later, after he won the Iowa caucus, he promised, “We are not a collection of red states and blue
Remember President Barack Obama´s mother? Though the airwaves currently echo with his vow "If you like your plan . . ." I keep remembering Obama´s account of his mother being denied coverage by her insurance company as she lay dying of cancer.The moving and infuriating story was a staple on the 2008 campaign trail. His mother had insurance, he explained, but when she came down with cancer, her insurance company claimed her disease was a "pre-existing condition" and refused to pay for her treatment. In a debate with Sen. John McCain, Obama said: "For my mother to die of cancer
Lawmakers began reacting late Saturday to news of an historic agreement that freezes key parts of Iran´s nuclear program. Here are excerpts from statements responding to the deal: House Majority Leader Eric I. Cantor (R-Va.):"While I await specific details of the interim agreement, I remain concerned that this deal does not adequately halt Iran´s enrichment capabilities. Numerous U.N. Security Council resolutions have called for the full suspension of Iran´s nuclear activities, so it is troubling that this agreement still permits the Iranians to continue enriching. It is critical that distrust but verify be the guiding principle with which we approach
WASHINGTON — On a sultry day in late August, a dozen staff members of the Centers for Medicare and Medicaid Services gathered at the agency’s Baltimore headquarters with managers from the major contractors building HealthCare.gov to review numerous problems with President’s Obama’s online health insurance initiative. The mood was grim. Henry Chao, a 19-year Medicare agency veteran with no formal background in software engineering, was eventually left with day-to-day management of the president’s signature initiative.
At 9 a.m. on Aug. 22, a team of federal health officials sat down in a Baltimore conference room with at least a dozen employees of CGI Federal, the company with the main contract to build the online federal health insurance marketplace. For six weeks, the federal officials overseeing the project had become increasingly worried that CGI was missing deadlines, understaffing the work and overstating its progress. As the meeting began, one of the officials reminded the CGI employees that HealthCare.gov was “the president’s number one priority,” assured them that the discussion would be a “blame-free zone,” and then bored in.
Fear swept through Borough Park, Brooklyn, as soon as the news got out: A young man was randomly assaulted by strangers early Friday morning, and the attack was possibly part of the so-called Knockout Game. Four men were arrested, but on Friday night only one was charged and the others were released. The attack added to a growing log of reports of such crimes in the Northeast and beyond. Young assailants were randomly picking unlucky targets and trying to knock them out with just one punch. Yet police officials in several cities where such attacks have been reported said that the “game” amounted
The extremely peculiar rules governing the United States Senate just got a little less peculiar. After a historic vote yesterday, it will now take 51 votes — a simple majority — for most presidential nominations to be approved by the 100-member Senate. One senator responded with outrage to the idea. The American people, he roared, “don’t expect .?.?. for one party — be it Republican or Democrat — to change the rules in the middle of the game.” His name is Barack Obama. Sen. Obama spoke those words in 2005 about a Republican proposal to do something very much like
President Obama held an off-the-record meeting with MSNBC hosts and liberal pundits on Thursday, POLITICO has learned.Present at the meeting: MSNBC´s Ed Schultz and Lawrence O´Donnell, Washington Post economics blogger Ezra Klein, Mother Jones Washington bureau chief David Corn, Talking Points Memo editor and publisher Josh Marshall, ThinkProgress editor-in-chief Judd Legum, Atlantic senior editor Garance Franke-Ruta, Salon political writer Brian Beutler and Fox News contributor Juan Williams. The participants agreed to an off-the-record classification for the meeting, though sources familiar with President Obama´s remarks said that Williams later appeared on Fox News and cite some of the president´s remarks, which he
Rep. Jim McDermott (D-Wash.) said on MSNBC’s “PoliticsNation” Wednesday that when Jesus fed five thousand people with five loaves of bread and two fish, “he didn’t charge food stamps.” “When Jesus had those five loaves and two fishes, he didn´t charge food stamps. He didn´t ask anybody how much money they had. He fed them because they were hungry, and that´s really where we ought to be,” McDermott said in response to Republican critics of the SNAP (Supplemental Nutrition Assistance Program). In September, the House approved a plan by Republicans to cut $39 billion in food stamps over the next
The nation’s view of former Secretary of State Hillary Clinton, colored by the horrific Benghazi assassination of the U.S. ambassador to Libya on her watch, has suddenly turned upside down, with more now holding an unfavorable opinion of the likely 2016 presidential candidate. A new YouGov/Economist poll found Clinton, whose approval ratings have typically been sky high, with an unfavorable rating of 48 percent, more than the 46 percent who have a favorable opinion of her. The YouGov pollsters said that the change in American attitudes toward Clinton "suggests that negative press surrounding the tragic
In the US we are used to abortion advocates claiming that the risk of elective abortion is relatively trivial, and major medical organizations denying any link between abortion and breast cancer. Now a powerful new study from China published last week by Yubei Huang and colleagues suggests otherwise. The article, a meta-analysis pooling 36 studies from 14 provinces in China, showed that abortion increased the risk of breast cancer by 44% with one abortion, and 76% and 89% with two and three abortions. This new article is another example of the recent excellent scholarship on abortion in peer-reviewed journals coming out
MIDDLETOWN, Del.- Remembering the plot of a short story is no longer good enough in teacher Amy Lawson´s fifth-grade classroom. Today´s students are being asked to think more critically. For example, what might a character say in an email to a friend? "It´s hard. But you can handle this," Lawson tells them. Welcome to a classroom using the Common Core State Standards, one of the most politicized and misunderstood changes in education for students and their teachers in kindergarten through high school. In 45 states and the District of Columbia, Lawson and and other teachers are starting to use the standards
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Gov. Chris Christie’s “bizarre behavior’’ in refusing to say he’ll support a possible GOP challenger to Gov. Cuomo next year could derail his chances to become president, state and national GOP insiders have told The Post. “Christie already has a problem with many Republicans refusing to forgive him because of his embrace of [President] Obama and his socially liberal policies,’’ said a nationally prominent GOP operative. “But this bizarre behavior in suggesting he won’t help a Republican defeat a Democratic governor, and a Cuomo no less, could finish off his chances of becoming his party’s nominee for president in 2016,’’ the
Senior officials in the White House have said that Israel Prime Minister Binyamin Netanyahu “is desperate and weak,” in reaction to Netanyahu´s remonstrations against the deal struck with Iran over its nuclear weapons program. Israeli television Channel 10 quoted the officials as saying “His pronouncements show a lack of self-confidence,” in an unusually harsh personal attack on Netanyahu. “We are not perturbed by his vocal opposition.”
During a presentation at the White House in which President Barack Obama touted the benefits of the Affordable Care Act, the president declared that his signature health care reform law was not going to be repealed. This assertion led his administration members, his staff, and audience members to rise from their seats and give the president a standing ovation. Obama said that ACA opponents’ alternative to the health care reform law is to champion repeal and going back to the health care delivery system status quo ante. He specifically cited Sen. Mitch McConnell (R-KY) who he said was asked directly for
A woman has revealed how difficult it is to eat healthily and stay full when living off an average food stamp budget. Melinda Moulton, from Huntington, Vermont, was one of 200 people to take part in the 3Squares Challenge, which saw her living for a week on just $36 worth of food, or around $1.71 a meal. Opting to try and eat as healthily as possible, Ms Moulton resorted to cheap foods like yogurt for breakfast, two handfuls of peanuts for lunch and lentil stew for dinner, all of which left her unsatisfied.´I don´t know how people do it,´ said
Barack Obama is a man with only one core conviction. He has, as the basic foundation of his otherwise disorganized and uncertain belief system, the irrefutable tenet that the United States, because of its European roots, has been the epitome of oppression and arrogance throughout its history. Therefore, he is able to rationalize the need to say or do anything as the transformation of American society and the end of the pre-eminent status of the United States are his sole objectives. He has, thus, adopted a pre-meditated schizophrenic personality wherein he comports himself as an apologist and appeaser on the
A push by activists to ease the 30-year-old blanket ban on blood donations from gay and bisexual men faces a key test this week as a federal panel hears results of the latest research. The findings will be released amid growing pressure from politicians and advocates, including college students, to change the policy. Critics say the ban is a hangover from the early, fear-filled days of AIDS, stigmatizing gay men and ignoring advances in treatment and detection in the decades since. Supporters of the policy say politics, not science, is driving the proposed change, which would heighten the risk of
So the troubled site apparently now works 90 percent of the time. That should be good news for Obama—but the question is whether Obamacare will get the mass enrollment it needs. HealthCare.gov finally works. Now people just need to use it. The error-plagued website, which was supposed to be the portal for Americans seeking to buy health insurance through the exchanges set up by the Affordable Care Act, is finally approaching basic functionality two months after it went online. In a report released Sunday, the Department of Health and Human Services breathlessly announced that the website now functions more than 90 percent of