From TALKING POINTS MEMO:
Now that Standard & Poors has confirmed that the chorus of default doubters in the GOP was part of what spooked them into downgrading the U.S. credit rating, Republicans will do all they can to pretend that they never questioned the risk of missing payment obligations, or allowing borrowing authority to lapse. But they sure did! Here’s a long, partial timeline of influential Republicans either vouchsafing default, or downplaying the consequences of passing the August 2 deadline without raising the debt limit.
Rep. Paul Ryan (R-WI), May 17, 2011: “You want to make sure that the bondholder has confidence that the government’s going to be able to pay them…. That’s what I’m hearing from most people, which is if a bondholder misses a payment for a day or two or three or four what is more important that you’re putting the government in a materially better position to be able to pay their bonds later on.”
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From abc NEWS:
DES MOINES — Walking amid the good folk and food booths and rides at the Iowa State Fair, it’s hard to get a sense people are fixated on politics in the aftermath of the Republican debate and before the important straw vote in Ames.
Iowans seem more intent on viewing the giant carved butter cow in the Ag building or sampling the newest featured food at this fair – deep fried butter on a stick.
In the debate, some candidates reappeared, some candidates disappeared and one new big player is about to appear. For the last few weeks, Newt Gingrich and Tim Pawlenty have basically gone off most folks’ radar screen – but that changed. Each showed up in a much more forceful way. Pawlenty had a number of skirmishes and exchanges with the other candidates, especially Michelle Bachmann. And she definitely held her own.
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From USA TODAY:
Sen. Pat Toomey voted against the debt-limit compromise last week, partly because he didn’t think the budget-balancing recommendations of the bipartisan committee it created would stick.
A week later, Toomey finds himself serving on the committee he voted against.
The Pennsylvanian was one of six Republican members appointed Wednesday to Congress’ new 12-member “supercommittee.”
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From THE HILL:
Congressional leaders have until Aug. 16 to name the 12 members of the newly created “supercommittee” to deal with reducing the deficit, but special interest groups are wasting no time in pushing their choices for the panel.
The debt-ceiling-increase legislation enacted Tuesday created a bicameral, joint committee of 12 legislators charged with finding at least $1.2 trillion in deficit cuts by Nov. 23.
Failure to come up with a plan will result in deep automatic defense and Medicare cuts.
One wrong pick, lobbyists on the right and left said Wednesday, could swing the panel toward a terrible compromise. So they are not taking chances.
These sources are already urging leaders to pick top lieutenants who will stick to party positions — no entitlement cuts for Democrats and no tax increases for Republicans.
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From the Los Angeles Times:
Sarah Palin still isn’t running for president, but that doesn’t mean she doesn’t still want to stir up the race.
In a Tuesday appearance on Fox News, the former Alaska governor and 2008 GOP vice-presidential nominee took Republican presidential candidate Mitt Romney to task for his silence during the recent debt-limit debate in Washington, accusing him of being a finger-in-the-wind politician.
“Bless his heart, I have respect for Mitt Romney, but I do not have respect for what he has done through this debt-increase debate,” Palin told host Sean Hannity.
Who knew that rats meowed?!
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From The Guardian:
It was easy wandering round the corridors of Congress yesterday to spot who had won the debt standoff. In huddles with party colleagues or heading off to caucus meetings to discuss the details of the deal or standing in front of TV cameras, it was the Republicans who had all the smiles.
Democratic members of Congress looked uneasy, at times shifty; and some downright were angry. “If I were a Republican, this is a night to party,” Emanuel Cleaver, a Democratic member of the House from Missouri, told MSNBC. Cleaver, a Methodist pastor and chairman of the Congressional Black Caucus, which met to discuss its reaction to the deal, dismissed it as a “sugar-coated Satan sandwich”.
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