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Posts tagged "deficit"

John McCain, Lindsey Graham fight to keep defense spending out of control

Senators John McCain and Lindsey Graham, deficit peacocks (Kevin Lamarque/Reuters) It's a well-worn theme around the lefty blogosphere, but always worth pointing out. No, Republicans don't actually care about the deficit. Case in point: Under the cur...

Grover Norquist: Alan Simpson is basically a senile drunk

It's hard to decide who you want to win in this one, Grover Norquist or Alan Simpson. Here's what Simpson said to bring this on: "If this guy is the most powerful guy in America, elect him president. He's got 'em. He can't murder you. He can't burn yo...

Mitch McConnell: President Obama wants Super Congress to fail

Sen. Mitch McConnell (Jim Young/Reuters) Senate Minority Leader Mitch McConnell is peddling a conspiracy theory about President Obama. He says: "I'm now convinced that the president actually believes he would be benefited by the committee not succee...

Super Congress Republicans’ offer lacks any economic stimulus

There is a great deal to criticize in the offer the Super Congress Democrats made as their baseline position. Namely that their baseline position is further to the right than the various other deficit commission plans we've seen so far. But it does hav...

Boehner: Deficit deal could include revenue, but not tax increases

Speaker John Boehner, devotee of Grover Norquist. (Larry Downing/Reuters) Let this be a lesson to the 60 House Democrats who signed on to a stupid letter with 40 Republican colleagues to the Super Congress, calling for some kind of "grand bargain." ...

Super Congress Democrats offer further right than Simpson Bowles, Gang of Six

The Center on Budget and Policy Priorities analyzes the offer made by Super Congress Democrats in their deficit plan, and find it really puts the catfood in the Catfood Commission II. The new deficit-reduction plan from a majority of Democrats on the c...

Super Congress Republicans reject Democratic overture, still deadlocked on taxes

The "no taxes" Catfood Commission Republicans: Reps. Dave Camp, Fred Upton, Jeb Hensarling and Sens. Rob Portman, Jon Kyl and Pat Toomey So the Medicare benefit cuts offered by Sen. Max Baucus and a majority of the Catfood Commission II Democrats int...

Super Congress Democrats unveil budget proposal, including Medicare benefit cuts

Super Congress: Reps. Upton, Bacerra, Hensarling, and Sens. Murray, Kyl, Baucus, Portman and Kerry (Jonathan Ernst/Reuters) All of the specifics haven't been released yet, but Reuters has learned that the Catfood Commission II Democrats have released...

‘We Can’t Wait’: White House announces plan to spur veteran hiring

President Barack Obama and Vice President Joe Biden at Fort Campbell, KY, May 6, 2011. (White House Photo) President Barack Obama is continuing his western states swing and his "We Can't Wait" initiative, a series of executive actions on jobs and th...

Open thread for night owls: Clinton-era report speculated on U.S. without deficits

NPR has a look at an unreleased government report written at the close of the Clinton administration. The premise? What would happen if the U.S. paid off the national debt entirely. The report is called "Life After Debt". It was written in the year 20...

House Democrats provide recommendations to Super Congress: jobs focus and revenue

Minority Leader Nancy Pelosi (Larry Downing/Reuters) Congressional leadership had a deadline of today to provide recommendations to the Super Congress. The House Democrats' plan is big on growth, with a jobs focus. "Democrats strongly believe that e...

McCain: Sure, we’ll nullify debt deal law if Super Congress fails

Here's another Republican blowing off the deficit. Yeah, the same deficit that has them all so worked up when they have a chance to take the country hostage. This time it's Sen. John McCain, speaking at his big new jobs plan "unveiling." If there i...

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