Tag Archives: Debt Ceiling

Get Ready for the Next Hostage Crisis

Posted on March 22, 2013 at 6:00 pm by JM Ashby

House Speaker John Boehner says the only way the House will approve the next hike of the national debt ceiling is if it’s accompanied by “dollar for dollar” spending cuts. “Dollar for dollar is the plan,” Boehner told reporters, adding … Continue reading →
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Posted in Congress, Economy | Tagged , , | 4 Comments

Today’s News

Posted on January 31, 2013 at 8:00 pm by JM Ashby

Artist – David Fitzsimmons In other news, the Senate voted today to suspend the national debt ceiling for three months, following in the footsteps of the House who, as you know, are very concerned about uncertainty in the market.

Posted in Open Thread | Tagged , , , | 1 Comment

Congress Votes to Suspend the Debt Ceiling

Posted on January 23, 2013 at 1:47 pm by Bob Cesca

TPM: The House passed a GOP bill suspending the debt ceiling until May 19 on Wednesday by a margin of 285 – 144. The bill now heads to the Senate. It includes a provision, touted by Republican leadership as “No … Continue reading →

Posted in Economy | Tagged , , , | 2 Comments

The Absurdity of the GOP’s Debt Ceiling Bill

Posted on January 22, 2013 at 2:00 pm by JM Ashby

Yesterday, Reuters curiously reported that the House Republicans’ bill to raise the debt ceiling would not include a specific dollar amount, and now we know why. The House plans to vote Wednesday on a measure that would leave the $16.4 … Continue reading →

Posted in Epic Fail | Tagged , , , , | 7 Comments

Meanwhile, Republicans Will Quietly Raise The Debt Ceiling

Posted on January 21, 2013 at 6:00 pm by JM Ashby

House Majority Leader Eric Cantor declared during the GOP’s recent retreat that his party was ready to surrender their debt ceiling hostage, but today we learned that the vote to do so will take place this week. Jan 21 (Reuters) … Continue reading →

Posted in Economy | Tagged , , | 3 Comments

“We Must Pay Our Bills”

Posted on January 18, 2013 at 2:00 pm by JM Ashby

According to this statement from House Majority Leader Eric Cantor, the GOP is planning to release their debt-ceiling hostage but they will also reserve the right to take another in three months. We must pay our bills and responsibly budget … Continue reading →

Posted in Economy | Tagged , , | 4 Comments

Debt Limit Cafe

Posted on January 14, 2013 at 8:00 pm by JM Ashby

Artist – Tim Eagan In other news, Supreme Court Justice Clarence Thomas spoke for the first time today in nearly seven years. Unfortunately he didn’t have anything worthwhile to say, he just mumbled a bit.

Posted in Open Thread | Tagged , , | 2 Comments

Government Shutdown Fever

Posted on January 14, 2013 at 5:00 pm by JM Ashby

We may be headed for a government shutdown in the near future unless Republicans blink at the last second, and a shutdown would would harm a lot of people in a variety of ways, but we may need to go … Continue reading →

Posted in Epic Fail | Tagged , , | 9 Comments

Explainer in Chief

Posted on January 14, 2013 at 2:00 pm by JM Ashby

During his press conference this morning, President Obama took the opportunity to explain how the debt ceiling works since so many people both in and outside of politics seem to be unaware. The issue here is whether or not America … Continue reading →

Posted in President Obama | Tagged , , , | 6 Comments

Super Stupid

Posted on January 11, 2013 at 2:00 pm by JM Ashby

It’s moments like this that make you question whether anyone at Fox knows their ass from their elbow. via shortformblog Needless to say — maybe not so needless for Fox — a $1 trillion platinum coin would not actually be … Continue reading →

Posted in Super Stupid | Tagged , , , | 6 Comments