Recently in Debt Limit Category

I have cross-posted today:http://www.untilmysoncomeshome.com/2013/03/trading-places.html...

Republicans want you to believe that Social Security is "broke" and "a fraud."  Nothing could be farther from the truth....

The headline in the New York Times wrongly says now that the debt deal is signed, the battle is over:"The Senate voted Tuesday to raise the government's debt ceiling and cut trillions of dollars from its spending, concluding a long and fractious partisan battle just hours before the government's borrowing authority was set to run out." Dream on. Nothing has been concluded, the next phase is just around the corner:"On Capitol Hill on Tuesday, the...

This is what happens when you start paying off hostage takers. It only encourages them to take more hostages:"It set the template for the future. In the future, Neil, no president -- in the near future, maybe in the distant future -- is going to be able to get the debt ceiling increased without a re-ignition of the same discussion of how do we cut spending and get America headed in the right direction. I...

The Hill has a running whip count of votes in the House on the debt limit deal. As I write this it's 51 support or likely support, 28 no or leaning no. See where your rep stands. My congressman, Gene Green, is still in the undecided column. I'm watching you, Mr. Green....

Reactions to "the deal"Paul Krugman says "The President Surrenders." "...[T]he deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America's long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.We currently have...

As we've heard so many times during the debt ceiling circus, nothing is agreed to until everything is agreed to, but reports are emerging of a tentative deal. ABC has this:* A debt ceiling increase of up to $2.1 to $2.4 trillion (depending on the size of the spending cuts agreed to in the final deal).* They have now agreed to spending cuts of roughly $1.2 trillion over 10 years.* The formation of a special...

I'm sure you're familiar with some of the following.The Peter Principle states:In a hierarchy, every employee tends to rise to his level of incompetence. This is exemplified daily in Corporate America.Peter also argues that a class or caste system is supposedly more efficient at avoiding incompetence. For example, if you have a gonad-less class of people, they will most likely be more inefficient and incompetent when it comes to solving problems quickly. Perhaps it has something to...

Sen. Jon Kyl: 'Democrats are blocking progress on a deal':"Republicans have tried to work with Democrats to solve the debt crisis, but "behind the scenes" Democrats insisted on huge tax increases, Sen. Jon Kyl (R-Ariz) said Saturday."Unfortunately, after weeks of negotiations, it became clear that Democrats in Washington did not view this crisis as an opportunity to rein in spending," Kyl said in the GOP's weekly address. "Instead, they saw it as an opportunity to...