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Update on the Debt Limit: McConnell-Reid to Be Unveiled Later This Week
There have been no formal talks between the President and Congressional leaders for the last three days about raising the nation’s debt limit (though there has been “activity and progress” according to...
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Republicans Turn Debt Limit Bill Back Into Cut, Cap and Balance Act
This is pretty incredible. After calling his debt limit plan the result of a bipartisan compromise, House Speaker John Boehner plans to alter the bill by turning it back into the Cut, Cap and Balance...
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Boehner Bill Will Get One Minute of Debate Before Passage
photo: republicanconferenceThe amendment for the Boehner bill, which yokes a Balanced Budget Amendment to the Constitution to the passage of a second round of debt limit increase, is available here....
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The Never-Ending Pivot Is a 360 Back to the Deficit
The President has just the thing to focus the federal government’s attention on the jobs crisis: a bus tour of the Midwest. And his Treasury Secretary kicked off the campaign (shall we call it The Next...
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Proof That Balanced Budget Amendments Don’t Work: Look at State and Local...
Republicans are barnstorming across the country in support of a balanced budget amendment. This, they say, will force government to “live within its means” and lead to surging economic growth, though...
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St. McCain Spearheads “Real American Jobs Act”
From the wreckage of the jobs crisis, along comes one man willing to set things right. A war hero, to be precise, a man who spent years in a POW camp, in case you didn’t know. John McCain will make it...
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Perry Scraps Tax Code By Keeping Around the Tax Code
The funniest part of Rick Perry’s flat tax plan is that he spends a lot of time and effort describing what a horrible, confiscatory, inferior system the current US tax code is – and then says if you...
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Ryan Avoids Contradiction By Voting Against Balanced Budget Amendment
The House of Representatives failed to pass a balanced budget amendment to the Constitution today. The final vote was 261-165, 29 short of the 2/3 required for passage of a Constitutional amendment....
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Merkel, Sarkozy Agree on Fiscal Consolidation for Europe
France and Germany have reached agreement on a fiscal plan for Europe that has everything to do with veto power for the European Commission over sovereign budgets and very little to do with the...
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The Not-Fated Economic Recovery
I’ve seen a spate of stories recently suggesting that a economic recovery is fated to happen by 2013, and whoever wins the Presidential election will be able to claim the mantle of the “recovery...
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