- “The Senate will conclude one of its more unpredictable — and stranger — weeks on Friday when it is expected to approve a bill to finance the federal government, including the health care law that Republicans have been trying to kill.” [NYT]
- “House Republican leaders found themselves struggling to secure the votes on Thursday for a debt-ceiling measure they hoped to pass swiftly through the House as the latest salvo in a multifront fiscal fight.” [Hill]
- Tensions among Senate Republicans boiled over in an angry exchange Thursday [L.A. Times]
- Why Democrats Aren’t Falling for the GOP’s Obamacare Pitch [National Journal]
- The Supreme Court’s Hands Aren’t Clean in Our National Nightmare [Atlantic]
- “The U.S. and Iran held their highest-level talks in 36 years on Thursday, in what some officials present described as a substantial meeting over Tehran’s disputed nuclear program that could begin to counter decades of enmity.” [WSJ]
- Why Obama Didn’t Meet Rouhani [WSJ]
- “U.S. and Russian officials now believe that the vast majority of Syria’s nerve agent stockpile consists of ‘unweaponized’ liquid precursors that could be neutralized relatively quickly, lowering the risk that the toxins could be hidden away by the regime or stolen by terrorists.” [WashPost]
- The IPCC climate change report: it’s still our fault [Economist]
An example of just ONE real terrorist attack. The White House and mantis believe that this is comparable to cutting federal spending. Would these people please seek psychiatric treatment NOW.
September 30: Up to two suicide bombers targeted US troops as they handed out sweets to Iraqi children in Baghdad, killing 42 and wounded 141. Of the dead 35 were children, while the wounded included 10 US soldiers & 72 children under the age of 14. Hours earlier a suicide blast in the Abu Ghraib area killed between three and nine people, including one US soldier.
You can listen to the description of the terrorist attack from a soldier that was there.
According to a new poll, 54 percent of the public disapproves of Barack Obama's handling of the deficit. And yet, as the chart on the right shows, the deficit is shrinking dramatically. Last year it dropped by $200 billion, and this year, thanks to a recovering economy, lower spending from the sequester, and the increased taxes in the fiscal cliff deal, it's projected to fall another $450 billion.
You guys see this?
Fundamental to our understanding of democratic politics across the developed world is that conservative parties stand for relatively low levels of government spending, while those on the left of the political spectrum are prone to higher spending. A new study, released yesterday by the Montreal Economic Institute (MEI), blows a hole through that conventional wisdom.
“When you look at the behaviours of various parties over long periods of time in different governments, the pattern is that there is no pattern,” said MEI’s president and chief executive officer, Michel Kelly-Gagnon in an interview with me yesterday. “The parties that are supposed to be more in favour of big government end up spending less than we might expect. And the parties that are supposed to be fiscally conservative sometimes end up being spendthrifts.”
MEI’s study examined government spending in Canada, Quebec and the U.S., dating back to the Pierre Trudeau, Robert Bourassa and Richard Nixon administrations respectively. “In all three cases,” reads the report, “it is actually left-wing governments that most reduced the relative size of government.”
MEI reports government size as the ratio of public spending to gross domestic product.
I still want to know what are Peggy Noonan's qualifications to report anything? Seems she spent her entire career in Government writing speeches for Reagan.
The big “idea” behind the “policy” document is that tax breaks solve all problems. The tax break is aimed at decoupling insurance from employment. However, as we all know, deductions give more money back to people who have higher incomes. Someone in the 25% bracket will see a $1,875 refund on the $7,500 deduction while someone earning $16,000 (or just slightly above 138% of poverty line for an individual) will see either $750 back (10% bracket) or less if there were any other deductions they were taking. So the tax break idea gives more help to those who don’t need it.
... we have a quasi veto controlling faction that likes to eat anthrax laced tire rims.
A perfect illustration of the insanity, and the shameless tactics of the current Democratic Party:
Dan Pfeiffer compared the GOP to terrorists in an interview on CNN Thursday.
This is what REAL terrorists do, Dan.'Eyes gouged out, bodies hanging from hooks, and fingers removed with pliers': Horrific claims of torture emerge as soldiers reveal gory Kenyan mall massacre details
- Kenyan soldiers claim to find scenes of torture by mall terrorists
- They say children found dead in food fridges with knives still in bodies
- Men were said to have been castrated and had fingers removed
It's a level of stupidity that hardly seemed possible, and yet, here we are.
This is the worst run comment board I have ever been on, hands down. Time and Livefyre are stinkin' it up.
Something else to remember about Saint Reagan who ran the most corrupt administration in the last 100 years.
"By the end of his term, 138 Reagan administration officials had been convicted, had been indicted, or had been the subject of official investigations for official misconduct and/or criminal violations. In terms of number of officials involved, the record of his administration was the worst ever."
How cute. Handy will post the most dubious links possible concerning Obama conspiracy theories, while claiming that released federal documents from the National Security Archives regarding Reagan are wild speculation. Idiocy knows no bounds.
No compromise whatsoever. None. Let the GOP hang themselves.
Then, on October 18th, we can watch them do it all over again.
Stupid arfing Goopers...
@retiredvetMother Jones can't even come up with an accurate chart of Obama's deficit spending. It was $1.8 trillion in 2009, not the $1.6 shown. That's just for starters. Then there are the real reasons behind the lower defict:
lower spending...now where the hell have I been hearing that? and from who?
Much of the increase in 2013 receipts is due to final tax payments for 2012 deriving from a rush to realize long-term capital gains before the 15% "Bush" tax rate on such gains expired at the end of 2012—and before the new 23.8% rate on long-term capital gains for higher-income taxpayers took effect on Jan. 1. How do we know this? Because virtually the same tax change occurred during the Reagan years, when the long-term capital gains tax rate jumped eight points, to 28% in 1987, when the Tax Reform Act took effect, from 20% in 1986.
Still too high.
Stop patting Obama on the back. He never cuts anything.
That's because 'liberal' spending usually helps a country, by investment in research, infrastructure, education (young), re-training (adult) etc. Conservative governments don't like investing in people and country - they like to invest in rich and not even rich that keep their industries domestic - they usually allow for tax cuts for industries that outsource their manufacturing. And of course massive tax cuts and undercuts a country's ability to fund investments which leads to bubbles and cuts in investments.
In a liberal country money for most part stays within the country and creates an environment that benefit companies that are willing to invest in a well educated workforce with good infrastructure.
Conservative governments run deficits increasing military, cut taxes and pool resources among the very rich while the rest of the country breaks down.
@mantisdragon91 You thought that Keith Olberman was a genius; he's back to being a third rate sports reporter.
@mantisdragon91 Noonan has little to offer from her haze of Reagan worship.
@ahandout They are economic terrorists. See handy terrorism comes in all shapes and size, and these terrorists will do more damage to the US than the Islamists ever will/
I think's it a rather well-timed parry. Unions are upset about Obamacare because it eradicates one the greatest benefits of union membership The public is against it. Implementation is a disaster. And finally Obama is at a low point after his screw-ip with Syria and with a continuing sluggish economy.
Rep. John Culberson (R-Texas) reportedly told his fellow conservative colleagues, "I said, like 9/11, 'let's roll!'"
Odd that Culberson used that quote from one of the flight 93 passengers. It was heroic but they all died that day. I find it rather disgusting that it was used in this context.
@mantisdragon91 Ha ha ha. You are the one always talking about sources, and then you post from The Daily Kos. Very amusing. It's almost as valid as The Center for American Progress.
Now let's get current. How about some transparency from the very Nixonian Barry 0?
Clinton's bimbo eruption suppressor was such a nice guy:
Clinton Investigator Convicted Of 76 Crimes
The thuggish private investigator hired by the Clintons to intimidate their political enemies and dig up dirt on Bill’s mistresses has been convicted on 76 federal criminal charges, including racketeering and wiretapping.
Anthony Pellicano, renowned private eye to Hollywood stars, has already served a 30-month prison sentence for possession of explosives and this week’s convictions by a Los Angeles jury could make jail his home for years to come. Among other things the jury found him guilty of racketeering, wiretapping, wire fraud, identity theft, conspiracy to intercept or use wire communications and manufacture or possession of a wiretapping device.
Pellicano specialized in digging up dirt for wealthy clients to use in lawsuits, divorces and contract disputes. He often bribed corrupt public officials and police officers for the information and was hired by Hollywood heavy hitters such as Tom Cruise, Michael Jackson and Elizabeth Taylor as well as the heads of major studios.
@mantisdragon91 Let's see all the NSA docs from Obama. Now that would be eye-opening.
They're going to out-Mitt Mitt.
You know, when the deficit is falling due to deficit reduction - like ending wars, increase taxes and other reducing features - and you continue to hark on about 'Dah Obama dunnot ever cut evar' you kind sound like an blithering idiot.
Here's a hint for you - he executes on these spending cuts. Meaning he could veto anything that dems and gobers decide but he doesn't. So in essence after these many years the lower deficit is sorta because of the stuff Obama did. No matter how much you deny it. I mean if you didn't play the whole 'party' thing you'd admit it and move on. But instead you simply deny your lying eyes and pretend you're like ultra fair and moderate while driveling all type of 'winger BS. Hey - 2nd rate. You're as fake as a 3 dollar bill.
@fitty_three I think I missed the Russian Constitution thing.
Where DO you get this horsechit from? "terrorism comes in all shapes and sizes" I think that wins the idiot of the hive award.
Many, many unions fought long and hard for great medical benefits for their members. It's one of their best selling points;
And now it may all go up in smoke.
@ahandout And you feel that is comparable to illegally selling weapons to Iran to finance an organization in Central America that was killing and torturing women, children and clergy while bringing drugs into the US? The more fool you.
"We are borrowing money to do this?" When the shortterm interest rate is negative and the longterm interest rate is near zero one would be an idiot not to take advantage of these conditions.
"There is demand just not for what the government wants us to buy. " Most economists, including republican economists like Mark Zandi, all state there is a lack of demand. All data points to a lack of demand and common sense tells you there is a lack of demand due to ongoing delevariging of privately held debt. So back up your statement mister!
So what do the data say? There aren’t many studies of the issue. But two stand out: Robert Barro’s work and research by Valerie Ramey, an economist at the University of California–San Diego, on how military spending influences GDP. Both studies found that government spending crowds out the private sector, at least a little. And both found multipliers close to one: Barro’s estimate is 0.8, while Ramey’s estimate is 1.2. This means that every dollar of government spending produces either less than a dollar of economic growth or just a little over a dollar. That’s quite different from the administration’s favored multiplier of four. What’s more, Ramey also found evidence that consumer and business spending actually decline after an increase in government purchases.
Why this crowding out of private spending? Government spending comes from three sources: debt, new money, or taxes. In other words, the government can’t inject money into the economy without first taking money out of the economy.
@MrObvious @collioure @retiredvet Actually the majority of the decline of the deficit is due to the improved economy which increases tax revenue. Really getting the economy to grow 3+ % of GDP should take care of the deficit problem altogether, deficit reducing measures like the sequester actually hur reducing the deficit, they more than likely have and will have an increasing effect on the deficit. These teabaggers like Collie talk the talk a lot but due to their ignorance can't walk the walk because it is going into the opposite direction of where they believe they are going. I hope that they believe this otherwise I am not nearly cynical enough and I am already plenty cynical.
Well said and an interesting perspective on the falling deficits.
You will inform me about the debt next weekend?
How. Stupid. Are. You?
Will you be using Fux News to dole out your silly salivations?
I think we all have jobs.
Maybe what a better solution is for you not to try to pass yourself off as knowledgeable about the US, since you're isolated as a tax-expatriate living in Teh South Of France to protect your corporate interests and have sacrificed your citizenship for it.