Tag: debt limit

Now that the government is reopened and we won't default on our debt, we can enjoy some breathing room. Well for 3 months that is.

Like I said in my previous post, get ready for another debt limit fight. Right on queue Matt Drudge has this up: But what if Drudge wasn’t some partisan hack? Even better, what if Drudge was operating from the left? Then we would maybe see a headline like this: Yeah – that looks a lot […]

Today is d-day, as in debt: The U.S. government is expected to hit the $14.294 trillion debt ceiling Monday, setting in motion an uncertain, 11-week political scramble to avoid a default. The Treasury Department plans to announce Monday it will stop issuing and reinvesting government securities in certain government pension plans, part of a series […]

Yesterday John Boehner said there would be no debt ceiling increase without cutting trillions in spending: “Without significant spending cuts and changes to the way we spend the American people’s money, there will be no debt limit increase,” Mr. Boehner told members of New York’s business and finance community. “And cuts should be greater than […]

TPM has obtained a list of new talking points being about the Scott Brown victory being circulated by Democrats: It is mathematically impossible for Democrats to pass legislation on our own. Senate Republicans to come to the table with ideas for improving our nation and not obstructionist tactics. When did Republicans ever say “well we […]

Apparently when Bush had the national debt limit raised to $9 trillion recently, that wasn’t enough: A $2.7 trillion budget plan pending before the House would raise the federal debt ceiling to nearly $10 trillion, less than two months after Congress last raised the federal government’s borrowing limit. The provision — buried on page 121 […]