Debt Ceiling Articles

Pelosi: Opposing Republican Budget Will 'Save Life On This Planet'

11:47 AM, Jul 28, 2011

Despite Nancy Pelosi's obsession with political language, the former Speaker never seems to be able to contain herself from tossing off bits of rather embarassing hyperbole:

Off-cam from House Minority Leader Nancy Pelosi (D-CA) as she walked out of the presser. A reporter continued to press her about the pending resignation of Rep. David Wu (D-OR).

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Mitch Daniels Urges Indiana Congressmen to Vote for Boehner Plan

9:56 AM, Jul 28, 2011

Indiana governor and budget hawk Mitch Daniels, who dubbed debt "the new red menace" during his CPAC speech this year, supports the Boehner plan:

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Thomas Sowell Endorses the Boehner Plan

8:24 AM, Jul 28, 2011

Economist Thomas Sowell endorses the Boehner plan

Many of us never thought that the Republicans would hold tough long enough to get President Obama and the Democrats to agree to a budget deal that does not include raising income tax rates. But they did — and Speaker of the House John Boehner no doubt desires much of the credit for that....

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Reagan and Boehner, Two Peas in a Pod

4:34 PM, Jul 27, 2011

What would President Reagan do in the debt limit battle? That’s unknowable, but we do know what his goal would be: get the best deal possible under the circumstances. Reagan never let the perfect or the unattainable keep him from achieving the good.

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Bolton: Boehner's Plan Good for 'All Conservatives ... Concerned with American National Security'

1:41 PM, Jul 27, 2011

Former ambassador John Bolton has just released a statement of support for John Boehner’s debt ceiling plan, arguing that the speaker of the House’s plan is good for “all conservatives, especially those concerned with American national security.”

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Quote of the Day (So Far!)

Jonah Goldberg on Obama's 'Towering Inferno'
9:23 AM, Jul 27, 2011

This classic Jonah Goldberg post needs no introduction. My favorite part:

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By a Margin of 21 Points, Americans Favor Repeal

8:33 AM, Jul 27, 2011

While President Obama’s notion of a “balanced approach” to deficit reduction isn’t written down anywhere, it’s quite clear that it doesn’t involve repealing Obamacare (despite the fact that the health care overhaul would cost over $2 trillion in its real first decade, from 2014 to 2023). Polling, however, strongly suggests that it should. The latest Rasmussen poll of likely voters shows that, by a margin of 21 points (57 to 36 percent), Americans support the repeal of the centerpiece legislation of the Obama presidency.

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A Time for Choosing

6:12 AM, Jul 27, 2011

To govern is to choose. To vote is to choose. To vote against John Boehner on the House floor this week in the biggest showdown of the current Congress is to choose to vote with Nancy Pelosi. To vote against Boehner is to choose to support Barack Obama. It is to choose to increase the chances that worse legislation than Boehner’s passes. And it is to choose to increase the chances that Obama emerges from this showdown politically stronger. So when the Heritage Action Fund and the Club for Growth, and Senators Vitter, Paul, et al., choose to urge House Republicans to join the Democrats to defeat Boehner, they’re choosing to side with Barack Obama.

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McKeon Warns Against Major Defense Cuts in the Reid-Obama Plan

7:22 PM, Jul 26, 2011

House Armed Services Committee chairman Buck McKeon has just sent around a memo to fellow Republicans on his committee, warning that Harry Reid's debt ceiling budget plan (which has been endorsed by President Obama) drastically and dangerously slashes defense spending.

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Happy Hour: Two Cheers for Boehner

6:00 PM, Jul 26, 2011

Reuters: "A small majority of economists -- 30 out of 53 -- surveyed over the past two days said the United States will lose its AAA credit rating from one of the three big ratings agencies -- Standard & Poor's, Moody's or Fitch."

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White House's Carney on President's Debt Ceiling Plan: 'You Need it Written Down?'

In 2009, the president derided Republicans as unserious for not having a budget. So why won't the president release a debt plan now?
1:35 PM, Jul 26, 2011

The White House briefing room is often known as the place where news goes to die. Reporters try hard to get the press secretary to “make news” – or say something useable for their television/radio/print/web stories of the day. They often fail, in part because the job of the press secretary, in many respects, is to avoid doing exactly what the reporters in the room are trying to get him to do – make news. Every once in a while, though, there is an exchange in the White House briefing room that provides clarity on a major issue of the day.

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Fred Thompson to House GOP: "You Won," Now Move on to Next Fight

1:19 PM, Jul 26, 2011

Yesterday, Allen West gave John Boehner's plan the Tea Party cred it badly needed.

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In Praise of the Boehner Plan

The speaker charts a path out of the wilderness.
12:45 PM, Jul 26, 2011

No thanks to President Obama, Speaker of the House John Boehner seems to have come up with a plan that will avoid a government shutdown and possible default, cut spending, and not increase taxes. Some details are here.

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All Talk, No Walk

11:17 AM, Jul 26, 2011

President Obama portrays himself as the nonpartisan adult in the room in the struggle over raising the debt limit. In his nationally televised speech Monday, he placed himself above Washington’s “three-ring circus,” as someone who has “put politics aside” and is desperate for a bipartisan “compromise” between Democrats and Republicans.

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Obama's Approach Is Not How to ‘Live Within Our Means’

10:11 AM, Jul 26, 2011

In his speech last night, President Obama once again did his reverse Harry Truman impression, showing that the buck stops anywhere but with him: “For the last decade, we have spent more money than we take in. In the year 2000, the government had a budget surplus. But instead of using it to pay off our debt, the money was spent on trillions of dollars in new tax cuts, while two wars and an expensive prescription drug program were simply added to our nation’s credit card.”

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Dismal Poll Numbers for Obama

9:25 AM, Jul 26, 2011

Reporting on its latest poll with ABC News, the Washington Post notes that Americans, including the president's base, are "unhappy" with Barack Obama's performance on jobs and the economy. Congressional Republicans, the Post writes, are also blamed for the poor economy and lack of jobs:

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CNN: 'Nobody Today Is Talking About Tax Increases, Except Barack Obama'

8:33 AM, Jul 26, 2011

After hearing the president's speech last night, CNN's Gloria Borger pointed out that "nobody today is talking about tax increases, except Barack Obama."

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Finally, a Debate on the Debt Ceiling in the Light of Day

7:18 AM, Jul 26, 2011

How refreshing it is to see the actual lawmaking process finally proceeding — in the light of day — as the secretive closed-door meetings favored by this White House finally recede! This is how things are supposed to work in our republic.

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Baby Talk

10:09 PM, Jul 25, 2011

I was struck by these sentences in President Obama’s speech:

Now, what makes today’s stalemate so dangerous is that it has been tied to something known as the debt ceiling – a term that most people outside of Washington have probably never heard of before.

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Who’s Imbalanced?

9:33 PM, Jul 25, 2011

This afternoon President Obama’s spokesman Jay Carney endorsed Senate majority leader Harry Reid’s debt ceiling proposal:

Senator Reid’s plan is a reasonable approach that should receive the support of both parties.

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Speaker Boehner's Debt Ceiling Speech

8:29 PM, Jul 25, 2011

Here's the full text of Speaker of the House John Boehner's response to President Obama's debt ceiling address, as prepared for delivery:

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President Obama's Debt Ceiling Speech

8:12 PM, Jul 25, 2011

Here's the full text of President Obama's debt ceiling speech, as prepared for delivery:

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Geithner Admits to Playing Politics with Debt Ceiling

Geithner: "[F]irst and most important, we have to lift this threat of default from the economy for, you know, for the next 18 months."
3:44 PM, Jul 25, 2011

Why, exactly, do we need to extend the debt limit to the point where the federal government can borrow another $2.4 trillion (hardly a nice round number) — about the same amount of money, even in inflation-adjusted dollars, that we borrowed to fight all of World War II? Because, as Treasury Secretary Timothy Geithner made abundantly clear during his Fox News Sunday interview with Chris Wallace, $2.4 trillion is the amount of money that the Obama administration thinks it needs to borrow (on behalf of taxpayers, who will have to pay it back) to get Obama through the next election.

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Harry Reid Not Sure How Much His Deficit Plan Cuts Spending in 2012

2:41 PM, Jul 25, 2011

Senate majority leader Harry Reid introduced a proposal today that he says would give Republicans everything they want in a debt ceiling deal: It would reduce the deficit by $2.7 trillion over 10 years, without raising taxes. But the plan was light on details of what gets cut--and when.

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Boehner’s Bargain

2:32 PM, Jul 25, 2011

House speaker John Boehner’s new plan to cut spending while raising the debt limit faces two obstacles. It must win the votes of most of the 240 Republicans in the House. And the plan, or something like it, needs to be accepted by Senate majority leader Harry Reid. At the moment, overcoming the obstacles is anything but assured.

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Obama's Empty Dance Floor

1:46 PM, Jul 25, 2011

President Obama, at a speech earlier today at the National Council of La Raza, indicated that he "need[s] a dance partner here -- and the floor is empty."

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