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24 Jul 2011 10:42

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Politics: The long and short of it: Debt ceiling talks get complicated, stay complicated

  • long The Democrats are pushing for a longer-term debt ceiling increase in a deal that includes some revenue increases. House Speaker John Boehner has suggested that he favors a long-term plan that goes through 2012, but is having trouble selling it to his own party.
  • short Republicans, on the other hand, have suggested increasing the debt ceiling for a period less than a year in length, in part for political leverage so they can push for later long-term spending cuts during an election year. Obama suggests this is akin to playing with fire. source
  • » So, who’s the loser in all of this? The consumer and taxpayer. The uncertainty on this issue has affected the markets in some ways already (see the price of gold for example), and could endanger your ability to get a loan at a reasonable rate if the talks fail to straighten course. You may see some possible instability this week, as a deal perilously hangs in the balance.

19 Jul 2011 01:50

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Politics: The Best Two Sentences of the Night

  • Responsibility without conviction is weak, but it is sane. Conviction without responsibility, in the current incarnation of the Republican Party, is raving mad.
  • George Packer • On how each party is handling the (possible) debt ceiling increase. source

18 Jul 2011 11:02

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Politics: Debt ceiling poll: Everyone looks bad, but Obama looks least bad

  • 71% disapprove of the way Republicans have handled the debt ceiling crisis — just 21 percent approve
  • 48% disapprove of the way Obama has handled the situation; by contrast, 43 percent approve source
  • » Obama’s the best in a bad bunch: According to a CBS News poll, while nobody’s doing particularly hot in the current debt crisis negotiations, Obama can at least say that he’s doing better than everyone else. Democrats in Congress have a meager 31 percent approval rating. But let’s face it — this has always been a fight between Republicans and Obama, with congressional Democrats off to the side. So the result is nothing but notable. Let’s raise the question: If the government defaults, is this 1995 all over again for the GOP?

15 Jul 2011 21:53

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Politics: Republicans Senator: “We’ve got nobody to blame but ourselves”

  • Maybe the debt ceiling was the wrong place to pick a fight, as it related to trying to get our country’s house in order…maybe that was the wrong place to do it.
  • GOP Senator Bob Corker • In a shockingly frank admission that the Republicans overplayed their obstructionist hand. The phrase “pick a fight” implies antagonism for antagonism’s sake which, if one reflects on the Republican party’s behavior over the last three years, would seem an appropriate implication. Another Senate Republican, Lindsey Graham, had a similar confession: “Our problem is we made a big deal about this for three months…we’ve got nobody to blame but ourselves.” Yes, indeed. These confessions bode well for the prospects of a deal passing the Senate, but the House remains another question entirely. source

13 Jul 2011 22:34

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Politics: Talk about drawing a line in the sand

  • I’ve reached my limit. This may bring my presidency down, but I will not yield on this.
  • President Obama • Toward the end of a budget meeting with Republicans. It’s not clear what policy he won’t yield on, but from the texture of the debate thus far, we’re guessing it’s the inclusion of revenue increases in the deal to raise the debt-ceiling.source

11 Jul 2011 16:41

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Politics: President Obama on debt limit: time to “eat our peas”

  • It’s not going to get easier, it’s going to get harder. So, we might as well do it now. Pull off the band-aid. Eat our peas. Now is the time to do it. If not now, when? … I’m prepared to do it. I’m prepared to take on significant heat from my party to get something done. And I expect the other side should be willing to do the same thing, if they mean what they say that this is important.
  • President Obama • Speaking on the debt limit negotiations. The postures from both sides should seem pretty familiar, as it’s nothing that new for the Democratic/Republican dynamic under the Obama administration. Namely, rigid ideology from the GOP has forced a combination of increasingly desperate overtures and condemnations from the White House. That a compromise needs to be reached isn’t in question — despite talk about invoking the 14th Amendment to raise the limit himself, that strikes us as the sort of thing he’d avoid doing at all costs. Rather, his inclination is towards bipartisanship, which is a noble enough endeavor. Frankly, though, the GOP’s negotiating in this matter has been in starkly bad faith, for just the reason the President details; he’s been willing to offer up cherished Democratic programs to be cut. The GOP, on the other hand, has made it clear they won’t consider any tax revenue increases. Why can’t you Democrats just embrace Republican orthodoxy? That’s a compromise, right? We hope this gets done soon, and fairly. source

03 Jul 2011 20:31

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Politics: Two Senate Republicans budge on raising revenue. Well, kinda.

  • I think it’s clear that the Republicans are opposed to any tax hikes, particularly during a fragile economic recovery. Now, do we believe tax reform is necessary? I would say absolutely.
  • Sen. John Cornyn • Opening the door for the possibility of raising revenue … very slightly. See, Cornyn is OK with changing the tax code so as to fix loopholes in it. But he won’t willingly offer to raise taxes, no ifs, ands or buts. Sen. John McCain is in the same boat, willing to consider “revenue raisers” — without offering details. Now, this all seems like “whatever,” until you realize that this is the closest any members of the GOP have gotten to the idea of raising taxes — or any revenue at all, that is. How pathetic is it that this as far as the GOP has been willing to compromise on this issue? Why should Democrats have to do all the compromising? This isn’t even a step forward. This is like kicking your foot forward a quarter-inch by accident. This redefines movement. source
 

22 Jun 2011 14:44

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Politics: Sarah Palin’s “One Nation” bus tour runs out of gas

  • Sarah’s tour has made a premature stop. It’s pretty unclear exactly why. There she was, soaking up the national spotlight, making moves to make herself a top contender for the GOP’s presidential nomination. Then, after getting some facts wrong about Paul Revere, she vanished from the spotlight. Now, she’s back in Alaska, and her plans for the rest of her road trip are on hold. She never did get a chance to meet up with prominent people in those always-important early voting states, and heading home early could cost her a lot of the momentum she’d built thus far. She’s doing a few other things — namely, she has a documentary coming out — but other than that, she’s left her followers wondering what she’s doing. Frankly, we are too. source

20 Jun 2011 17:07

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Politics: McCain worried about “isolationism” in GOP circles

  • Old school vs. new school: “He [Reagan] would be saying: That’s not the Republican Party of the 20th century, and now the 21st century. That is not the Republican Party that has been willing to stand up for freedom for people for all over the world.” Senator John McCain is right to warn of an “isolationist” streak growing within the GOP, as the default political positioning of the party is now simply the opposite of whatever President Obama supports. Therefore, as Obama continues to wage war (and enter a new foreign conflict in Libya), suddenly the “war party” of the last decade is tilting towards giving peace a chance. This strikes a violent discord with old hands in the GOP, McCain predictably among them — and will continue to cause internal strife for Republicans. source

19 Jun 2011 11:51

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Politics: David Axelrod: None of these GOP candidates really scare us

  • I didn’t hear a lot of ideas. I heard a lot of … pat partisan platitudes. Ultimately, people are going to ask for answers.
  • Obama adviser David Axelrod • Offering his take on the Republican candidates out there at the moment. Pretty much the only one he really had anything nice to say about was Jon Huntsman, a former Obama staffer and current subject of blogosphere love. (Huntsman was an Obama appointee.) But even considering all this, Axelrod openly admits that the economy — particularly the progress made with the economy — remains the key issue. “You get tested in this process,” he says. “Ultimately, I’m very confident about the outcome.” source