Mercury Rising 鳯女

Politics, life, and other things that matter

Posts Tagged ‘debt ceiling’

Biden Admits 14th Amendment Was Viable Option

Posted by Phoenix Woman on August 2, 2011

The downward stock market slide Charles noted yesterday continues today (see above). Smart observers know this is going to kill the American economy, and possibly the global economy as well.

Biden’s now saying that Obama would have invoked the 14th amendment if Congress didn’t get a deal done by today.

Now remember, all through this process the White House pretended the 14th wasn’t an option.  Ever.  No way no how.

Just like they pretended that reconciliation (which Bush used repeatedly to pass key fiscally-related bills with 51 votes) couldn’t be used to pass a health care bill, much less one with a public option.  Only after the public option was killed (per the secret agreement with AHIP) and after the 60th Senate seat went away did they finally admit what educated observers knew all along:  Reconciliation was possible.

So whenever they say that some legislative or procedural trick is “not possible”, what they’re really saying is that they won’t do it if it helps the little people, but they will if it helps corporate lobbyists with deep pockets and lots of cash to spend on their favored candidates and/or political parties. 

Posted in 2012 | Tagged: , , , , , , | 6 Comments »

Debt Ceiling: Obama Wants To Cave, Tea Partiers Won’t Let Him

Posted by Phoenix Woman on July 31, 2011

This has got to be driving John Boehner mad.

Here he is, having got the cut-happy Obama to bludgeon Harry and Nancy into agreeing to yet another round of austerity for the masses and tax breaks for the upper classes, to go with the one agreed upon back in April, and those darned Tea Partiers keep getting in the way:

I’m hearing that there is significant opposition from the tea partiers in the House who (1) don’t like some (taxes and military spending) of what’s in the current deal and (2) think that they can hold out for more concessions from the White House by waiting until Tuesday or Wednesday.  As of now, there’s no indication at all that House Speaker John Boehner (R-OH) has the political gravitas with his caucus to simply demand that it vote for any deal.  The same dynamic that forced Boehner to change his plan earlier this week to please the tea partiers is still in place.

There’s also the chance that a non-trivial number of Democrats will still resist the whippings of the Obama-whipped Harry and Nancy, but I wouldn’t count on that

Of course, there are six currently identified options that Obama could take if he really wanted to avoid chaos and tanking the economy, but they would also allow him to avoid the cuts to Social Security he’s apparently been set on making since before he entered office.

Posted in Uncategorized | Tagged: , , , , | 1 Comment »

GOP Sends O’Reilly to Battle Bachmann

Posted by Phoenix Woman on July 13, 2011

Republican bigwigs fear a Michele Bachmann candidacy almost more than they fear taxing the rich.

This was shown yet again by FOX News mainstay Bill O’Reilly’s adversarial treatment of Bachmann when she was on his show Monday night:

Bachmann refused to directly address any of O’Reilly’s tough questions, prompting the visibly frustrated conservative host to role his eyes, audibly sigh, and finally laugh in Bachmann’s face when she invoked her “titanium spine.” Noting that the Republican leadership understands the need to raise the debt limit, O’Reilly chided Bachmann, saying, “You are the renegade here.”

Whoa! Not only is he ripping into Bachmann, he’s also telling FOX viewers that the debt ceiling must be raised. Guess Boehner and McConnell, on orders from the Wall Streeters who will be hurt first and worst in event of a default, have asked FOX to both try to explain fiscal reality to teabaggers thus far sheltered from it AND to try and hamstring Bachmann before she achieves her goal of becoming the next Tom DeLay: a powerbroker with access to the wallets of the religious right and thus the ability to run primary candidates against Republicans she doesn’t like.

(Crossposted to Renaissance Post.)

Posted in 2012, Michele Bachmann, Minnesota | Tagged: , , , , | 1 Comment »

Robert Samuelson Wants You to Starve, Unless You’re In His Tax Bracket

Posted by Phoenix Woman on June 30, 2011

Hard to draw any other conclusion when he absolutely refuses to consider raising taxes on the rich as a way to deal with the deficit and blatantly sides with the Republicans:

>> The truth is that most liberals have no stomach for cutting spending, especially on the Social Security and Medicare programs that dominate the nation’s long-term budget problems. There’s a legitimate argument over the size and timing of spending cuts. It may well be, as the letter [signed by 235 economists urging that the budget not be balanced by slashing social spending] contends, that too many cuts too soon would imperil a “fragile” economic recovery. But the letter doesn’t say one word about *ever* cutting spending; it doesn’t mention that huge long-term budget deficits might pose an economic threat (a position held by many economists); it doesn’t suggest that Social Security and Medicare benefits might have to be curbed.

Samuelson correctly mentions out that the 235 economists did not say certain things. What he doesn’t mention is that these things are are not true, even though he assumes they are true — or rather, wants these things to be true. Therefore, he concludes, the fact the 235 economists didn’t mention those untrue thngs is a sign of how irresponsible Democrats are on spending.

In other news, scientists are irresponsibly covering up the existence of a vast subterranean world full of barbaric mole men plotting to take over the surface world. I know this because none of them ever mention it — or so Samuelson would say.

Posted in Uncategorized | Tagged: , , , , , , , | 2 Comments »