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).Read more
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....Read more
Keith Hennessey: "Why I support the Boehner bill"
Tim Carney: "Debating a pivotal policy question -- like grown-ups"Read more
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.Read more
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.”Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.”Read more
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."Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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