Tag Archives: Debt Ceiling

Bad for Business

Artist – Kevin Siers In other news, Senator Ted Cruz is trolling again, threatening to blow up the government if we don’t meet his demands to bring back 8 track tapes and disco. Or something. Continue reading
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Posted in Open Thread | Tagged , , | 5 Comments

See How Easy That Was?

In case you missed it, John Boehner told his caucus during a closed-door meeting this morning that the Republicans-controlled House of Representatives will vote on a clean debt ceiling bill. Speaker John Boehner (R-Ohio) told rank-and-file members that the leadership’s … Continue reading
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Posted in Congress | Tagged | 11 Comments

GOP: Hold the Debt Ceiling Hostage to Increase the Debt. What?

As we discussed here a little over a week ago, House Budget Committee Chairman Paul Ryan (R-WI) and Senator Marco Rubio (R-FL) floated the idea of repealing risk corridors, or what they refer to as Obamacare “bailouts,” in exchange for … Continue reading
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Posted in Epic Fail | Tagged , , , , , | 9 Comments

McConnell: We’ll Raise the Debt Ceiling if You Approve an Oil Pipeline

Congressional Republicans have more or less already given up the game by declaring that the nation will not default under any circumstances, but their rhetoric is still worth highlighting for its shear ridiculousness and because this an election year. “I … Continue reading
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Posted in Congress, Economy | Tagged , , , | 5 Comments

Polar Vortex Myth

Artist — Bill Day In related news, Sen. Ted Cruz today once again blamed the government shutdown on President Obama and the Democrats because they refused to defund “Obamacare” and hand over the nuclear launch codes. And Sen. Minority Leader Mitch … Continue reading
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Posted in Cartoons, Open Thread | Tagged , , , , , , , | 1 Comment

Sworn In

Artist – Chan Lowe According to Treasury Secretary Jack Lew, we’ll reach the debt ceiling in late February rather than March as previously estimated. Reuters reports today that the Russian government has allegedly spied on “hundreds” of western and Asian … Continue reading
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Posted in Chris Christie, Open Thread, Russia | Tagged , , | 5 Comments

House GOP Won’t Act on Unemployment

While House Republicans will take another jab at Obamacare next week, they have no plans to tackle unemployment insurance after they return to Washington. House Majority Leader Eric Cantor released a memo today detailing what his members can expect to … Continue reading
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Posted in Congress | Tagged , , , | 8 Comments

McConnell: Can’t Imagine a Clean Debt Ceiling

Echoing Paul Ryan, Mitch McConnell said today that he expects another round of hostage taking shortly after the new year. The Kentucky Republican said “I doubt” many GOP members in the House or Senate would agree to lifting the country’s … Continue reading
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Posted in Ethics | Tagged , , | 2 Comments

Second Verse, Same as the First

Congress may be on the verge of passing a budget deal that will prevent a government shutdown for the foreseeable future, however House Republicans haven’t given up hope on extorting concessions in exchange for raising the debt ceiling. “We don’t … Continue reading
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Posted in Economy | Tagged , , , | 11 Comments

Symbolic or Shambolic?

Remember the symbolic gesture of approval for a symbolic resolution that we discussed on Tuesday? The House passed their resolution yesterday and 79 Republicans voted to disapprove of their own votes to raise the debt ceiling. The symbolic “resolution to … Continue reading
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Posted in Congress | Tagged , , | 6 Comments

Serious Business

Congressional Republicans eventually caved and allowed a vote to increase the debt ceiling, but they would still like to voice their disapproval of it and they will make their voice heard today by voting to scold President Obama for choosing … Continue reading
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Posted in Congress | Tagged | 3 Comments

Cruz: Senate Republicans Surrendered

As expected, Senator Ted Cruz (R-TX) used his time at the Iowa Republican party fall fundraiser last night to lament that we didn’t default on our debt. “We didn’t accomplish our ultimate policy goal in this battle, and we didn’t … Continue reading
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Posted in Election 2016, Wingnuts | Tagged , , | 8 Comments

Your Morning Derp

“If raising the debt ceiling was the answer, we wouldn’t have this discussion because we’ve raised it 14 times since 2001, and all we’ve done is gain more debt and more interest on our debt.” -Rep. Ted Yoho (R-FL) on … Continue reading
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Posted in Super Stupid | Tagged , | 9 Comments

Why Isn’t the GOP Complaining About the Deficit? Because It’s Dropping — Fast.

My Wednesday column: As we careen headlong toward the debt ceiling deadline, with the House Republicans and Speaker John Boehner in full Three-Stooges-Trying-To-Fix-The-Plumbing mode, the issue area that’s been overshadowed by the grandstanding, political props and brinksmanship is government spending … Continue reading
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Posted in Government Shutdown | Tagged , , , | Leave a comment

Delusions of Grandeur

Representative Morgan Griffith (R-VA) concedes that defaulting on the national debt would be “distasteful, unpleasant and not appropriate,” but it’s for your own good. “We have to make a decision that’s right long-term for the United States, and what may … Continue reading
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Posted in Patriotism, Wingnuts | Tagged , , , | 12 Comments

World Bank: Default Would Be a “Disastrous Event”

The president of the World Bank is taking the prospect of a U.S. default very seriously, warning that we’re just “days away from a very dangerous moment.” “The closer we get to the deadline the greater the impact will be … Continue reading
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Posted in Congress, Economy | Tagged , , | 15 Comments

16 Things That Will Happen If Congress Defaults on the Debt

Mother Jones compiled the list. Here’s a summary of the first half of the horror: 1. Social Security payments will be delayed, possibly cut. 2. Federal employees will be screwed…even more. 3. Pay and benefits for military service members and … Continue reading
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Posted in Economy | Tagged | 12 Comments

Colbert on the Debt Ceiling and Ted Yoho

And defaulting on our debts could, just could, be beneficial according to Florida congressman Ted Yoho who I believe represents the Pirates of the Caribbean ride.
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Posted in Comedy, Stephen Colbert | Tagged , , , | 3 Comments

In Which I Explain the Debt Ceiling and Financial Apocalypse to Rand Paul and Sarah Palin

My Wednesday column: The Republican misinformation geyser continues to erupt unabated. Today, let’s focus on a pair of statements from tea party champions Sarah Palin and Sen. Rand Paul (R-KY) who seem to completely misunderstand the deficit, the debt ceiling, … Continue reading
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Posted in Government Shutdown, Rand Paul, Sarah Palin, The Daily Banter | Tagged , , | Leave a comment

China Steps into the Debt Ceiling Fiasco

And rightfully they should, being our largest creditor: The Chinese Vice Foreign Minister, Zhu Guangyao, told America’s deadlocked politicians on Monday that “the clock is ticking” and called on them to approve an extension of the national borrowing limit before … Continue reading
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Posted in China, Government Shutdown | Tagged | 22 Comments