McConnell, Boehner can end GOP’s debt ceiling crisis with same clean bill they gave Bush

Current GOP leaders gave Bush

On Thursday, Treasury Secretary Jack Lew warned that the federal government will run out of cash on November unless Congress raises the debt ceiling to increase Uncle Sam’s borrowing authority. Under pressure from hard liners in his own party, Senate Majority Leader Mitch McConnell is returning to his role as hostage-taker, threatening to block the debt limit hike unless President Obama agrees to cuts in Medicare and Social Security spending. But a default by the United States, as outgoing House Speaker John Boehner (R-OH) first warned in 2011, “would be a financial disaster, not only for our country but for the worldwide economy.”
Which is why Boehner and McConnell should simply do for President Obama what they did for President Bush. In November 2004, they gave Bush a “clean,” $800 billion boost in the debt ceiling with no strings attached. With the current annual budget deficits at an eight-year

Continue reading “McConnell, Boehner can end GOP’s debt ceiling crisis with same clean bill they gave Bush”

After more than five years, GOP is ‘coalescing around the outlines of a plan’ to replace Obamacare

Elderly woman in bed asleep

Hang on, grandma, Republican help is on the way!

Well, this is exciting news. After more than five years, more than 50 votes to repeal, along with endless predictions of Obamacare bringing about the End Times, and finally, finally, Republicans have come up with the replacement plan they’ve been talking about since 2010:

After years of trying, Republicans are coalescing around the outlines of a plan to repeal and replace ObamaCare.

Oh. Never mind. They still haven’t come up with a replacement plan as much as they’ve agreed to a general idea that “seems to reflect an emerging consensus among Republicans” on what that plan should be. So, when will the bill that will at last end our long national nightmare of millions of Americans having access to health care be introduced in Congress?

But despite the general agreement on the outlines of a plan, Republicans are a long way

Continue reading “After more than five years, GOP is ‘coalescing around the outlines of a plan’ to replace Obamacare”

Another Republican admits Benghazi Committee designed to go after Hillary Clinton

Democratic presidential candidate Hillary Clinton speaks during a press conference after talking about her strategy for rural America during a campaign stop at the FFA Enrichment Center at Des Moines Area Community College in Ankeny, Iowa August 26, 2015.

At what point will there be a special committee to investigate House Republicans spending $4.5 million in taxpayer money to conduct a political witch-hunt?

Rep. Richard Hanna, R-New York, said Wednesday on New York’s’ WIBX 950 said “Sometimes the biggest sin you can commit in D.C. is to tell the truth.”
“This may not be politically correct, but I think that there was a big part of this investigation that was designed to go after people and an individual, Hillary Clinton,” said Hanna, who is not a member of the committee.

So add Hanna to the list of Republicans, along with Kevin McCarthy and John Boehner, who have committed the biggest D.C. sin there is.
Said a Clinton spokesman:

“House Republicans aren’t even shy anymore about admitting that the Benghazi Committee is a partisan farce.”

That’s been clear for a very long time, but

Continue reading “Another Republican admits Benghazi Committee designed to go after Hillary Clinton”

Studies: Raise capital gains tax rates to lower income inequality

On Monday, Donald Trump became just the latest Republican White House hopeful to propose a Treasury-draining, tax cut windfall for the richest Americans. But while Trump calls for slashing the top marginal income tax rates at a time of record income inequality, a new study from the Brookings Institution argues that hiking those same rates will have little impact on the immense income gap in the United States.

That finding from former Obama budget official Peter Orszag and his co-authors William Gale and Melissa Kearney may seem counter-intuitive. But it’s not, for the simple reason that Orszag and company focused their attention on the wrong set of tax rates. As it turns out, historically low capital gains tax rates haven’t fueled greater investment in the U.S. economy, but instead helped fuel the biggest income gap since 1929.

Of course, you wouldn’t know that from reading Peter Orszag:

We

Continue reading “Studies: Raise capital gains tax rates to lower income inequality”

John Boehner press conference on his resignation

U.S. House Speaker John Boehner (R-OH) wipes away tears during his remarks at a Congressional Gold Medal ceremony honoring members of the First Special Service Force at the U.S. Capitol in Washington February 3, 2015. The

Probably.

After bailing earlier Friday morning, soon-to-be former Speaker of the House John Boehner will be speaking to the press shortly. Follow his remarks here.
For more on his shocking announcement, see here, here, here and here.

10:08 AM PT: Boehner opens by singing “My, oh my, what a wonderful day,” and then starts a laundry list of Republican accomplishments (pause to laugh).

10:10 AM PT: Reiterates that he originally planned to only serve two terms as speaker, but Eric Cantor’s primary loss changed his mind. Says he then planned to leave at end of year, but “it’s become clear” that the long fight over his speakership would do “irreparable harm.”

10:10 AM PT: Says he woke up this morning and decided “Today’s the day I’m going to do this. Simple as that.”

10:12 AM PT: So far, no tears.

10:13 AM

Continue reading “John Boehner press conference on his resignation”

John Boehner press conference on his resignation

U.S. House Speaker John Boehner (R-OH) wipes away tears during his remarks at a Congressional Gold Medal ceremony honoring members of the First Special Service Force at the U.S. Capitol in Washington February 3, 2015. The

Probably.

After bailing earlier Friday morning, soon-to-be former Speaker of the House John Boehner will be speaking to the press shortly. Follow his remarks here.
For more on his shocking announcement, see here, here, here and here.

10:08 AM PT: Boehner opens by singing “My, oh my, what a wonderful day,” and then starts a laundry list of Republican accomplishments (pause to laugh).

10:10 AM PT: Reiterates that he originally planned to only serve two terms as speaker, but Eric Cantor’s primary loss changed his mind. Says he then planned to leave at end of year, but “it’s become clear” that the long fight over his speakership would do “irreparable harm.”

10:10 AM PT: Says he woke up this morning and decided “Today’s the day I’m going to do this. Simple as that.”

10:12 AM PT: So far, no tears.

10:13 AM

Continue reading “John Boehner press conference on his resignation”

Trump supporter asks when we can get rid of Muslims. Trump assures him he’s looking into ‘things’

Republican presidential candidate Donald Trump gestures and declares

Ladies and Gentlemen, the leading Republican candidate for president, speaking Thursday night at a rally in New Hampshire:

TRUMP: Okay, this man, I like this guy.
UNIDENTIFIED JACKASS: (Unintelligible) We have a problem in this country. It’s called Muslims. We know our current president is one.

TRUMP: Right.

UNIDENTIFIED JACKASS: You know he’s not even an American.

TRUMP: (Big smile) We need this question. This is (unintelligible).

UNIDENTIFIED JACKASS: But anyway, we have training camps, growing, where they want to kill us. That’s my question: when can we get rid of them?

TRUMP: We’re going to be looking at a lot of different things. I mean you know a lot of people are saying that and a lot of people are saying that bad things are happening out there and we’re going to be looking at that and plenty of other things.

Discuss.
Full video below the fold.

Thu Sep

Continue reading “Trump supporter asks when we can get rid of Muslims. Trump assures him he’s looking into ‘things’”