A selection of public grievances in this first fortnight of the first season of Sequestivus. Motivated by a common desire to moderate or replace some of the sequester cuts, budget proposals are being prepared and presented by Senate Democrats and House Republicans. Unsurprisingly, they look nothing alike. Surprisingly we may actually get a compromise Grand Bargain that puts us on a sustainable fiscal path. The only certainty is that the airing of grievances will continue for the foreseeable future.
Archive for the 'Obama' Category
Some described Rand Paul’s historic 13 hour filibuster as “libertarian porn”. Note we are talking about a CSPAN feed of a man speaking at a podium for 13 hours, yet it was far more engrossing and entertaining than it had any right to be.Ultimately the Senate voted to confirm John Brennan as Director of the CIA 63-34. But Senator Rand Paul got the answehe was looking for and the country got the debate we deserved.
Center on Budget and Policy Priorities still blaming Bush tax cuts for deficit even though they expired.By mw | Related entries in Budget, Bush, Debt, Deficit, Divided Government, Fiscal Responsibility, Obama
The Center on Budget and Policy Priorities are still calling the tax cuts and war expenses a “Bush Legacy” and attributing most of our current and future debt and deficit to GWB. They are simply not acknowledging the facts. The argument itself and the dubious premise are exactly the same as when first presented three years ago. What has changed are the facts about who is the author and owner of the policies they are tracking. And by ignoring these facts, the CBPP has moved from a dubious, “disingenuous” argument to outright misrepresentation and falsehood.
The “sequester” is not a crisis. The “sequester” is not the problem. The real problem is the massive growth in federal spending creating unsustainable deficits and debt that will be shouldered by generations to come. The “sequester” is a solution to a real problem facing America. That said, the “sequester” is not a great solution.The sequester cuts are not a smart way to address the spending problem. The sequester cuts are not adequate to solve the spending and unfunded liability disaster that looms in our entitlement programs. But the odds of getting anything smart out of this administration or this congress that makes even as little impact as do the sequester cuts are vanishingly small. Since it’s a bad bet to rely on our leaders for smart significant cuts, let us at least bank the cuts they already passed.
Looks like Obama doesn’t want to go over the cliff after all. Here’s more from NBC News… So, the heads of the Senate went to work… After weeks of fruitless negotiations between the president and Speaker John A. Boehner, Mr. Obama turned to Senator Harry Reid, the majority leader, and Senator Mitch McConnell of Kentucky, [...]
If Boehner can’t get House Repubs to play ball on a bill that Obama didn’t even agree to…what can we expect for something that’s worse in their eyes? Answer: nothing. Hopes of a grand-bargain — to shave trillions of dollars off the deficit by cutting entitlement programs and raising revenue — are shattered. House Republicans [...]
Disclaimer: I’m going to brag a little bit. I predicted that Romney was the John Kerry of the Republican party in October 2011… Do know I think Romney will take it and ultimately lose because he’s the John Kerry of the Republican party…only less politically successful…but it’s an interesting trend nonetheless. And, in a separate [...]
While I wasn’t expecting such a sweeping victory, one guy was: Nate Silver. His Five Thirty Eight blog was a must read throughout the campaign and his projections consistently showed a very likely Obama win. Romney never really came close to defeating Obama in the numbers game except for the week immediately after the first [...]
Nate Silver pulls together the new national numbers… So this definitely puts a wrinkle in the Romney narrative about winning the popular vote, but not the electoral. Of course that was a silly notion to begin with, but I’ve been seeing it all over Facebook and Twitter, as I’m sure you have too. Okay, so [...]