Tag Archives: debt ceiling
Senate Budget
The 1974 Budget Act requires both houses to pass a budget every year. The senate is four years in arrears.
House Republicans hatched a plan on Friday to raise the debt ceiling, but only if each chamber passes a budget. If senators don’t pass a budget, they don’t get paid.
This sounds suspiciously similar to Charles Krauthammer’s Friday pitch in his Washington Post column, though he didn’t mention the pay part.
Kimberley Strassel, in the WSJ, details how Harry Reid’s rope-a-dope tactics “hide the party’s spending ambitions” and “casts the Republicans as the cause of every legislative crises”.
Deadbeat Nation
In the final press conference of his first term, the president explained what he will and will not do. He might take executive action against guns and he won’t be negotiating the debt ceiling with a gun to the head of the American people .
We are not a deadbeat nation and the full faith and credit of the United States is not a bargaining chip. Except when it is.
Entitlement State
As the usual flash mob of national leaders showed up to blame Tea Party terrorists for the debt ceiling deal, Paul Samuelson named the real hostage takers.
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