Debt-ceiling Fight Over

August 3, 2011

A final deal was passed by the House of Representatives on Monday, and passed by the Senate and signed by the president on Tuesday.  It raises the debt ceiling by $2.4 trillion, enough to get the government through the 2012 elections, as President Obama wanted.

Michael Tanner has the details on the deal (which has some things in common with the one Boehner proposed last Monday).  He also gives some helpful perspective and numbers on America’s larger debt situation, and explains that the compromise bill’s first round of spending cuts aren’t spending cuts at all, but only a “reduction from the planned baseline increase in spending.”  Read the rest of this entry »

Speaker Boehner wasn’t able to get enough Republican votes in the House to pass his plan after all; apparently it will now be amended to require that Congress send a balanced-budget constitutional amendment to the states before a debt-ceiling increase is triggered (as would have been required by the failed Cut, Cap, and Balance Act), which is a good thing or a bad thing, depending on your point of view.  Read the rest of this entry »

Debt-ceiling Fight Over?

July 26, 2011

Last Friday, Speaker of the House John Boehner finally walked out on the unproductive talks with President Obama; he cut Obama out of the loop and went to negotiate directly with Democrats in the Senate, which arguably makes a lot more sense.

By yesterday, Boehner had already come up with a new plan, which he believes can pass both the Republican House and the Democratic SenateRead the rest of this entry »

Mark Steyn, as usual, is must-read material:

As Obama made plain in his threat to Gran’ma last week that the August checks might not go out, funding nonproductivity is now the principal purpose of the modern state.

Just a quick report on my (Ohio’s) two senators, from my communications with them yesterday about the debt-ceiling fight:

I called Senator Portman’s office and immediately reached a real person.  The staffer seemed unprepared to discuss policy details apart from particular proposals, but as to the particular proposals currently on the table, he assured me that Senator Portman would support Senator Lee’s version of “Cut, Cap, and Balance”, and that he would not support the “Gang of Six” proposal (more on that here).  Read the rest of this entry »

Speaker of the House John Boehner at a press conference today:

. . . the fact is that House Republicans have a plan. We passed our budget back in the spring, outlined our priorities. Where is the president’s plan? When’s he going to lay his cards on the table?

Top Senate Republican Mitch McConnell today on the floor of the Senate:  Read the rest of this entry »