Debt Limit Likely to Be Reached Between Feb 15th and March 1st

By: Tuesday January 8, 2013 8:36 am

The next big budget fight is going to be the debt limit, so it is critical to know when true deadline will be reach. An analysis by the Bipartisan Policy Center projects that the Treasury will no long have funds to pay its bills starting some time between February 15th and March 1st. From the [...]

The Three Ways the Debt Ceiling May Be Dealt With

By: Friday January 4, 2013 11:08 am

The next looming fight in Congress is clear and the battle lines have already been drawn. The debt ceiling will be reached in roughly two months. President Obama claims that he will not negotiate over it again. Meanwhile Republicans are demanding spending cuts with no tax increases in exchange for raising the debt limit. Republicans [...]

GOP Senators Begin Downplaying the Risk of Going Over the Debt Limit

By: Friday January 4, 2013 9:08 am

In preparation for the next fight over the debt ceiling, Sen. John Cornyn (R-TX) is publicly downplaying the potential risk of the federal government going over its debt limit. In a new Op-Ed Cornyn compared going over the debt limit to only a partial government shutdown. From Cornyn: Over the next few months, we will [...]

Mitch McConnell Lays Down His Marker on the Debt Ceiling Negotiation

By: Thursday January 3, 2013 8:33 am

Even though Speaker John Boehner should be the most powerful Republican in Washington, as we have seen, it is Senate Minority Leader Mitch McConnell who ends up making the deals. McConnell is not only more skilled at getting agreements, but he can more successfully whip his caucus behind any decision he makes. So when McConnell [...]

Get Ready for a Potentially Really Brutal Debt Ceiling Fight in a Year or Two

By: Wednesday December 19, 2012 12:12 pm

Just two weeks ago President Obama was taking a very firm stand on the debt ceiling. He was claiming he would never again allow something so dangerous to be used as a political bargaining chip, but almost immediately he crumbled like a sandcastle at high tide. President Obama went from demanding a permanent solution to [...]

Obama Again Proves Why the GOP Should Always Bet on Him Folding

By: Wednesday December 19, 2012 9:03 am

During this fiscal cliff fight, the Obama team has only \drawn two lines in the sand. The first was on raising the tax rate for people making over $250,000 a year.  The other was refusing to allow raising the debt ceiling to be used for political gain. On both of these demands Obama has already [...]

Nobody Should “Have the Power” to Raise the Debt Ceiling

By: Monday December 17, 2012 9:30 am

To try to deal with the incredibly idiotic debt ceiling issue the Obama administration has put forward the so called “McConnell Plan.” It is a complicated Rude Goldberg procedure that would effectively allow the President to raise the debt ceiling while also letting Congress make mostly meaningless votes against it. Since the idea was originally [...]

In Coming Debt Ceiling Fight It May Be Hard to Believe Obama Has a Backbone

By: Friday December 14, 2012 9:56 am

President Obama’s top pick for Secretary of State was Susan Rice. Many Republicans have been throwing a hissy fit about what she said on a Sunday talk show and now Rice has withdrawn her name from consideration. It is possible these two things are unrelated, but it definitely appears to many that Obama again folded [...]

What to Keep in Mind When Judging Any Possible “Fiscal Cliff” Deal

By: Monday December 10, 2012 9:51 am

By simply being intransigent, Obama could get much of what he claims to want without giving anything to the Republicans in return. What Obama “gives up” should only be weighed against what he couldn’t have gotten eventually. Things like accepting a tax increase on the wealthy or raising the debt ceiling should not even be counted as a real concession by Republicans because they would be forced to accept those anyway.

The False Framing in the Sequestration Debate

By: Friday September 14, 2012 1:25 pm

When caught up in the height of the deficit hysteria during the debt ceiling fight Congress voted for a set of very stupid across the board cuts known as sequestration. Since Democrats and Republicans couldn’t reach a deal at the time, they thought a great idea was to create a really bad law no one [...]