The U.S. government will hit the $16.4 trillion federal debt limit on Monday and turn to “extraordinary measures” to continue borrowing, the Treasury Department said Wednesday, beginning a countdown until Congress either passes legislation to allow for more borrowing or the government defaults on its debt. Treasury Secretary Timothy F. Geithner said in a letter to senior lawmakers that the Treasury would begin to undertake “extraordinary measures” in order to forestall default. Geithner said the measures could create about $200 billion in additional funding available to the government – giving
Oh, not to worry. Congress will just add a few more trillion on the debt ceiling and have another deadline next year. They´ll also "fix" the fiscal cliff, by extending the deadlines another few months. That way, we who try to make financial plans and live by budgets (unlike the bozos in DC) will continue to try to make decisions in the midst of total uncertainty. Obama and all of Congress (both parties) should be fired for dereliction of duty and incompetence.
Let US not forget the looming dock strike, expected to really cripple our economy this weekend. And any other items on his list of domestic and foreign policies 0bama ignores while his inauguration approaches.
Frankly, I don´t think he gives a damn. Long term plans to damage, weaken and then reorder the country in a socialist pattern are like a bulldozer in front of which deficit, debt limit, default etc. are like bumps in the road.
Same things Timmy did last summer. Real deadline is about March 1. And Obama can keep tax rates at current levels without a deal for about the same time. I´m expecting a Groundhog Day compromise. Happy New Year.
Much noise will be made... and then nothing substantial will happen.
Either: the ceiling will be raised with no real cuts -- promised future cuts are not real and never materialize.
Or: the ceiling will not be officially raised, but something else will take its place (i.e. printing more money, some executive order, or nothing) and the MSM will ignore it. If that happens, then expect it to continue (and accelerate) forever since the administration will have no limits on what it can spend since there will be no consequences it needs to worry about.
0bama does not have a clue when it comes to the economy; he is asking that we give him an unlimited debt ceiling; he does not intend to stop spending. The democrats have not passed a budge in four years. Spend, spend, spend. Taxes, well, they will just raise taxes and increase spending. Americans getting all the free stuff love this man.
Boehner should have a press conference tonight and announce: 1)no more negotiations in private. Everything to be broadcast on C Span for the American public to see. Explain how the president is not negotiating in good faith and the American people deserve to know what is going on. 2)No more raising on the debt ceiling, period. The House will vote for a bill that includes raising taxes for the millionaires(got to give Obama something) and must also include significant cuts in spending.
Taxes go up 452 billion Jan 1. All Obama needs to do is match the new revenue with 3 dollars in cuts for every dollar in revenue. Then he won´t need a new spending limit and will immediately start cutting the deficit. Since they so far have only proposed 100 billion in cut next year, he only needs 1.25 trillion additional cuts for 2013.
December 31 is just the 92nd day in the fiscal year. It´s another manufactured crisis so another money-grubbing, power-grabbing, fear-mongering rights-denying, overwhelming pile of legislation can be jammed through. After which, it will be proclaimed that a calamity was averted, with (natch) Obama the savior of the country. Sound familiar?
as long as the federal government has the resources to maintain surveillance on lunches packed by moms in North Dakota, the federal government is over-resourced. They do many many good things, but many many of those could be done by the states. Better.
Citing a potential al Qaeda attack, the State Department on Friday issued a worldwide travel alert and warned American citizens that the terrorist group may be plotting a strike in the Middle East, North Africa or elsewhere. “Current information suggests that al Qaeda and affiliated organizations continue to plan terrorist attacks both in the region and beyond, and that they may focus efforts to conduct attacks in the period between now and the end of August,” reads a portion of the alert, which lasts until the end of the month.
The war over the “war on women” rages on these days, as Republicans seek to tar Democrats with the scandals of Anthony Weiner, Bob Filner and Eliot Spitzer. And the next major front in this “war” — the GOP-led 20-week abortion ban — is likely to be even more contentious. But while Democrats are sure to use the new proposed restrictions to feed the narrative of Republicans’ “war on women,” polling on the issue actually tells quite a different story. n fact, of four major polls conducted in recent weeks on the 20-week abortion ban, each one shows women are
Some quick thoughts on the State Department announcement that American embassies throughout the Muslim world will be closed this Sunday, August 4, due to reported al-Qaeda terror threats: 1) The fact that this is reportedly an al-Qaeda plot shows once again that AQ is alive and well globally, contrary to President Obama’s ludicrous and willfully misleading statements over the past two years that it is “on the run” and “nearing defeat.” In fact, al-Qaeda, its affiliates, and its allies now cover more geographical ground across the Muslim world than they did on 9/11
Thursday marked Rush Limbaugh’s 25th anniversary on the air. To label Limbaugh a radio talk show host dramatically underestimates his impact on the political debate, media, and American culture. Limbaugh is truly a transformative figure. When Limbaugh entered the world of talk radio, the AM dial was essentially moribund. He turned it into a weapon for conservatism, and in the process, led the revolution that has ended in the disintegration of the old media monopoly. Limbaugh can rightly be said to be the greatest populist expositor of conservatism in America since Reagan, and the link between the Reagan generation and
Lawmakers and staff can breathe easy — their health care tab is not going to soar next year. The Office of Personnel Management, under heavy pressure from Capitol Hill, will issue a ruling that says the government can continue to make a contribution to the health care premiums of members of Congress and their aides, according to several Hill sources. A White House official confirmed the deal and said the proposed regulations will be issued next week. Just Wednesday, POLITICO reported that President Barack Obama told Democratic senators that he was personally involved in finding a solution.
The Obama administration is set to unveil new procedures that will greatly expand the government’s ability to verify the income of Americans who seek government subsidies under the federal health care law. “We’re going to be sampling 100 percent. There’s new information,” Gary Cohen, deputy director of the Centers for Medicare and Medicaid Services, told the House Ways and Means Committee on Thursday. He made his assurances after Chairman Dave Camp, Michigan Republican, aired concerns that enrollees in state health exchanges will self-certify their income. The administration would have to cross-check
As they prepared to head home for summer vacation, House Republicans fired off three subpoenas Thursday seeking more information from the State Department on the terrorist attack last year in Benghazi, Libya, and on the science the Environmental Protection Agency used to impose new clean air regulations. The parting shots come amid a week of bitter partisanship that saw both the House and Senate fail to pass transportation spending bills, and saw each side point the finger at the other in arguing that Congress is broken.
Lost in all the rancor among Republicans over the National Security Agency’s surveillance programs has been this: A similar ideological divide has been exposed in the Democratic Party that could pose even more political difficulties for President Obama. Several Democrats from the party’s civil liberties wing — the mirror image of the Republicans’ rising libertarian strain — met with Obama and Republican lawmakers Thursday at the White House to discuss concerns about the NSA’s phone data collection program and elements of the administration’s broader surveillance effort.
A group of House Republicans led by Majority Leader Eric Cantor has agreed on a revision to the food stamps portion of the farm bill that Cantor believes will broadly unite the GOP conference. A senior Republican aide tells National Review Online the group has found a relatively limited change to food-stamp work requirements that could net $20 billion in savings, doubling the spending reductions of the overall bill. As part of welfare reform in 1996, able-bodied adults without dependents (i.e., kids) are required to engage in work activities for at least
Unburdened by the Constitutional requirement to obtain a search warrant, those nice people at the National Security Agency (NSA) have teamed with Apple, Google and Microsoft to take time out of their busy day to capture all your party pictures from college, intimate letters with your lover and financial activities of your business in order to build a "permanent file" for leverage against you at a later date. These are just the latest depressing revelations about the rise of the military-industrial complex from whistleblower/traitor Edward Snowden
Washington has been abuzz for months over the fear and loathing that Congressional staffers have for Obamacare. Many staffers and employees on Capitol Hill have been saying they´ll have to quit Washington if they are forced into Obamacare. Now the President is promising to fix it all for them. At the very beginning of his closed-door meeting with Senate Democrats, the President addressed staffers´ worries that Obamacare will force them to quit working in Washington, promising "I´m on it." Currently congressional staffers have 75 percent of their healthcare insurance paid by taxpayers, but
Congress began to react angrily to news that Russia granted temporary asylum to NSA leaker Edward Snowden and allowed him to finally leave the transit zone of Moscow’s Sheremetyevo Airport. “Americans in Washington should consider this a game changer in our relationship with Russia. Mr. Snowden has been charged with serious crimes and has put American lives at risk at home and abroad,” Sen. Lindsey Graham (R-S.C.) said. “Today’s action by the Russian government could not be more provocative and is a sign of Vladimir Putin’s clear lack of respect for President Obama,”
Colin Powell has admitted to exchanging ´very personal´ emails with a Romanian diplomat but denies having an affair with the much younger woman after a hacker threatened to release their intimate messages. The 76-year-old retired general told the Smoking Gun that he met Corina Cretu, 45, roughly 10 years ago when she was working as an assistant to the president of Romania. She is now a member of the European Parliament. ´After I left the Department of State in January 2005 we stayed in touch via email,´ he told TSG.
CNN has uncovered exclusive new information about what is allegedly happening at the CIA, in the wake of the deadly Benghazi terror attack. Four Americans, including Ambassador Christopher Stevens, were killed in the assault by armed militants last September 11 in eastern Libya. Sources now tell CNN dozens of people working for the CIA were on the ground that night, and that the agency is going to great lengths to make sure whatever it was doing, remains a secret. CNN has learned the CIA is involved in what one source calls an unprecedented attempt to keep the spy
Serial sexter Anthony Weiner’s wife partly blamed herself last year when her horndog husband confessed to her that he was at it again. Friends and family told People magazine that Huma Abedin was kicking herself at the time for bailing out of couples counseling and focusing more on their newborn baby boy. But, thanks to a new round of joint therapy that continues even now, the couple was able to put the relapse behind them. “They really became a unit, and she feels much closer to Anthony now,” a relative told the magazine. That’s a long way from how Abedin
The United States will temporarily shut down its embassies and consulates around the world Sunday, including those in Iraq, Afghanistan and Egypt, as a precautionary measure, the State Department said Thursday. State Department spokeswoman Marie Harf did not say how long the international installations would stay closed -- only that the decision was taken “out of an abundance of caution and care for our employees and others who may be visiting.” Sunday is a normal workday in many Arab and Middle Eastern countries. Embassies in Europe and Latin America would be shuttered that day anyway.
In preparation for the release of Oscar-bait film The Butler, Forest Whitaker, Oprah Winfrey, and director Lee Daniels (Precious) sat down with Parade magazine. The film chronicles a butler (Whitaker) who works in the White House through seven administrations. Winfrey plays the butler’s wife. In the interview, Winfrey explained her sadness that so few Americans know about the history of the civil rights movement: “They don’t know diddly-squat. Diddly-squat.” She then said of the historic use of the n-word, “I always think of the millions of people who heard that as their last
American scientists claim the planet is undergoing one of the largest changes in climate in the past 65 million years. Climatologists at Stanford Woods Institute for the Environment have warned the likely rate of change over the next century will be at least 10 times quicker than any climate shift since the dinosaurs became extinct. If the trend continues at its current rapid pace, it will place significant stress on terrestrial ecosystems around the world, and many species will need to make behavioral, evolutionary or geographic adaptations to survive, they said.
[Video] Ouch. New Jersey Gov. Chris Christie turned down an offer by Sen. Rand Paul to join him for a beer and bury the hatchet in their ongoing -- and very public -- feud. "I´m running for re-election in New Jersey. I don´t really have time for that at the moment," Christie said in an interview on a local radio station. The New Jersey governor said if he finds himself in Washington, "I´ll certainly look him up." But he added: "I don´t suspect I´ll be there anytime soon. I´ve got work to do here."
About 400 area retail and fast-food workers, together with colleagues nationally, participated in a strike Thursday to demand raising the minimum wage to $15 an hour. “If not $15, then something. I mean give us something. I work 36 hours a week and barely make enough to pay my rent, gas bill, light bill. It gets to the point where I barely have enough for lunch sometimes,” said Angel Richardson, 21, who works at McDonald’s. “I’m five months pregnant, what am I going to do in four months? I hope something changes.” The minimum wage is $7.25 nationally and $8.25
Oprah Winfrey said Americans by and large know “diddly-squat” about the history of the civil rights movement. The talk show queen and media mogul made her comments during the promotion of her new film, “The Butler,” about a black man who serves in that capacity through seven administrations at the White House. “They don’t know diddly-squat,” she said in a recent interview with Parade magazine. “Diddly-squat.” Ms. Winfrey also said that when she hears the N-word, she thinks of the “millions of people who heard that as their last word as they were hanging from a tree.”
The administration has popped the bubble of hope some small business had that switching to part-time staff would let them escape the high costs of Obamacare. The Small Business Administration on Thursday created a website to explain to businesses that the government will simply tally up the number of part-time employees firms have to determine if enough hours have been worked to essentially create a "full-time equivalent." Some smaller businesses had thought that if they could get under the 50 full-time employee cap that activates Obamacare by cutting full-time workers and hiring more part-time workers they would escape
Government workers in the city of Seattle have been advised that the terms "citizen" and "brown bag" are potentially offensive and may no longer be used in official documents and discussions. KOMO-TV reports that the city´s Office of Civil Rights instructed city workers in a recent internal memo to avoid using the words because some may find them offensive. "Luckily, we´ve got options," Elliott Bronstein of the Office for Civil Rights wrote in the memo obtained by the station. "For ´citizens,´ how about ´residents?´"
Rep. Charlie Rangel (D-NY) suggested on Friday morning that the tea party movement is comprised of the same types of people who fought against the civil rights movement during the 1960s. Speaking with the Daily Beast, Rangel said of the movement: “It is the same group we faced in the South with those white crackers and the dogs and the police. They didn’t care about how they looked. He added that the tea party movement can be defeated similar to how the civil rights movement eradicated Jim Crow mentality: “It was just fierce indifference to human life that caused