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Sen. Sessions: Debt Ceiling an Opportunity to Advance GOP Agenda

On Tuesday, Speaker of the House John Boehner ended the months-long showdown over funding the Department of Homeland Security, despite strident objections from Republican hardliners seeking to block President Obama's executive orders on immigration. Show More Summary

Extra, Extra: Transit Cancellation Fees, the Worst Sentence in Canadian Journalism, and TTC Promises

last monthCanada / Toronto : Torontoist

Every weekday’s end, we collect just about everything you ought to care about or ought not to miss. You know how Toronto’s capital budget is a mess, with the debt ceiling reaching 97 per cent of the City’s capacity in 2020, a number which doesn’t include the $7-billion-unfunded state-of-good-repair backlog? The City could really use […]

That Seems to be the Plan

The GOP could turn Social Security into a annual "crisis" like the debt ceiling.

NFL owners have voted to waive league rules on debt ceilings, in order to allow the Falcons to borro

3 months agoSports : Deadspin

NFL owners have voted to waive league rules on debt ceilings, in order to allow the Falcons to borrow $850 million to construct their new stadium. The projected cost of the project has increased from $1 billion to $1.4 billion over the last two years. Read more...

Incoming House Budget chairman already angling for debt ceiling showdown

3 months agoUS Politics / Liberal : Daily Kos

Sen. Mitch McConnell may have promised to govern responsibly but the GOP's incoming House Budget chair, Tom Price, is eager to once again use the debt ceiling as a bargaining chip to exact deep budget cuts. From the Wall Street Journal: Republican...Show More Summary

CRomnibus Postmortem: Democrats Allowed Republicans To Gut Major Legislation Through Blackmail

It should have been a simple matter. Black and white. Not open to negotiation. Yet somehow, just like they did during the debt ceiling crisis that birthed the sequester, Democrats got played because the other side has convinced them that they'll destroy this village in order to save it. All Democrats had to say was: no. Show More Summary

Federal Debt Soared Above $18 Trillion Last Week

3 months agoNews : Reason

Congratulations, America! You, or rather your elected officials, smashed through the $18 trillion ceiling last week, raising the United States government's total outstanding public debt to new heights and leaving shards of devalued greenbacks scattered around the place. Woo hoo. One decade ago, on December 1, 2004, the sum was a wussy $7.5 rillion. Show More Summary

What Might Congress Get Done?

Neil Irwin considers legislation that the GOP and Obama might agree on. A big first test: One way or another, the debt ceiling will need to be raised sometime in the first part of 2015 to prevent a government default, and deals will need to be made to continue funding the federal government without the […]

Thursday: Unemployment Claims

From NDD: A little post-election-day economic balm If Washington can simply manage to do absolutely nothing to the economy in the next two years, except to agree to pay already incurred debts (a/k/a lift the debt ceiling), then we are...Show More Summary

A qualified defence of Ben Bernanke

You might have thought that the debilitating arm-wrestle over the US debt ceiling was about as dismal as politics could get, but Texas Governor (and Republican presidential hopeful) Rick Perry demonstrates that it is possible to explore...Show More Summary

Ted Cruz can’t wait to run the Senate: The frightening reason why these midterms matter

Tea Party leader's spoiling for another debt ceiling fight. It's a sign of worse things to come if GOP wins control

GOP Rebel Justin Amash Just Beat a Guy Who Called Him "Al Qaeda's Best Friend"

The GOP's business establishment talked openly about making conservative hardliners pay after tea partiers helped push Washington toward a debt ceiling crisis last fall. But that wave of Chamber of Commerce-funded primary challengers to conservative incumbents never materialized. Show More Summary

Why’s this Tea Party PAC going after a top Tea Partier?

Kansas Republican Tim Huelskamp, a leader of the debt ceiling showdown, takes friendly fire.

Tax Pledge Cretin Will Join, Deeply Miscontrue Burning Man?

7 months agoPop Culture / Celebrity : Gawker

Churlish hamster Grover Norquist nearly brought the U.S. to the brink of default three years ago, pressuring legislators with his "Taxpayer Protection Pledge" into a debt ceiling battle that was both dangerous and inane. This year, Norquist plans to attend Burning Man, which he sees as a stateless capitalist Utopia. Read more...

James Kerian: Heidi Heitkamp’s Obamacare Extremism

It has been previously demonstrated on this blog that “extremist” is the new favorite word of the Democrat party in North Dakota. If you believe that the debt ceiling should not be raised until something (anything) is done to bring federal spending under control then the Democrat party will be happy to inform you that...

The Cost Of Downgrading The US: $1 Billion

Back in the summer of 2011 during the debt ceiling debacle, S&P did the unthinkable: it dared to speak the truth when it downgraded the US from its pristine AAA rating, setting off a stock market selloff and paradoxically sending bonds to record low yields. Show More Summary

Exclusive Working the Engels Sneak Peek: Ceil Is Forced to Go to Group Therapy

Considering her husband's death, his enormous debt and her (albeit brief) thoughts about taking her own life, therapy is probably not the worst idea for Ceil Engel on Working the Engels. In this exclusive sneak peek from Thursday's episode...Show More Summary

Perdue’s New Ad: “Conservative”

David Perdue has released yet another television ad attacking Jack Kingston, this time regarding the $13 trillion dollars debt ceiling increase since his time in office and what it means to be a conservative (because he knows??).  Take a look for yourself and take note of the extremely awkward silence after “That’s not what conservative […]

What Congress can learn from the general store owner who crafted U.S. borrowing limits

Photo by Karen Bleier/AFP/Getty Images Editor’s Note: Several months ago, the debt ceiling was big news. Would Congress vote to raise America’s borrowing limit or let America default on expenses already incurred? The House finally approved...Show More Summary

Will Congress "Pay the Bills" in 2015?

I wrote several posts about the "debt ceiling" debate in 2011 and again in 2013. Unfortunately "debt ceiling" sounds virtuous, but it isn't - it is actually a question of "paying the bills". And I've always argued that Congress would "pay the bills". Show More Summary

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