Tag Archives: debt

They’re Munstrous!

From Salon:

During a rare public appearance in Houston Wednesday, Dick Cheney expressed his feelings about Paul Ryan, the House Budget Committee chairman whose budget blueprint — which calls for turning Medicare into a voucher program — has become a lightning rod for controversy.

“I worship the ground the Paul Ryan walks on,” said the former vice president, Politico noted via the Houston Chronicle.

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The End of the World….Again

From THINK PROGRESS:

When Congress passed the landmark health reform law last March, Republicans predicted the result wouldn’t be insurance for 32 million Americans, but rather “Armageddon.”

More than a year later, such outlandish rhetoric continues unabated.

This week, Rep. Daniel Webster (R-FL) met with constituents for a town hall meeting in Astatula, FL. During the event, a constituent asked Webster about how repealing health reform would affect citizens like her who have cancer (or other preexisting conditions) and found it next to impossible to get insurance in the private market. Webster agreed with the constituent that – despite his voting to strip such protections in January – preexisting conditions ought to be covered by insurance. However, Webster then went on to tell the audience that unless the health reform law, which covers preexisting conditions, is repealed, “we won’t have a country” anymore:

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Callista Blingrich

From POLITICO:

Newt Gingrich, a fiscal conservative? Not when it comes to Tiffany’s.

In 2005 and 2006, the former House speaker turned presidential candidate carried as much as $500,000 in debt to the premier jewelry company, according to financial disclosures filed with the Clerk of the House of Representatives.

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The Oily Show

From TALKING POINTS MEMO:

Democrats are pushing hard on ending tax breaks for oil companies, linking the issue to the deficit and high gas prices, which have boosted profits in the industry to new heights.

In a floor speech on Tuesday, Majority Leader Harry Reid (D-NV) said the Senate would target $4 billion in benefits for oil companies with the intention of using the savings to help address the nation’s growing debt.

“If we’re serious about reducing the deficit, this is an easy place to start,” Reid said. “It’s a no-brainer. Let’s use the savings from these taxpayer giveaways to drive down the deficit, not drive up oil company profits.”

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The Gang’s All Somewhere

From the Los Angeles Times:

For months, as a group of senators known as the “Gang of Six” secretively holed up in the Capitol, their unusual bipartisan meetings frequently included some version of the doomsday speech.

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Balancing Act

From TALKING POINTS MEMO:

For Speaker John Boehner, the announcement of a deal funding the government caps one of the most dangerous period of his tenure as leader of his party, a long negotiation that tested his control of his members and his reputation with a general public that has yet to form a clear opinion on his leadership.

While he avoided a potentially disastrous shutdown, only time will tell whether he kept his hold on his party. Already some conservative Republicans are expressing their dismay at the deal.

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Bunions Might Not Be Covered

From The New York Times:

WASHINGTON — Congress has yet to settle its first budget fight of the year but is already about to move on to an even more consequential fiscal clash.

Even as the two parties struggled over the weekend to reach a deal on federal spending for the next six months and avert a government shutdown at the end of the week, House Republicans were completing a budget proposal for next year and beyond. It is likely to spur an ideological showdown over the size of government and the role of entitlement programs like Medicaid and Medicare.

The plan, which is scheduled to be unveiled Tuesday, will be the most ambitious Republican effort since the November elections to put a conservative stamp on economic and domestic policy.

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The Games Rethugs Play

From TALKING POINTS MEMO:

In a statement this afternoon, House Majority Leader Eric Cantor acknowledged what top Republicans have hesitated to acknowledge since they won back the majority in November: a government shutdown is a real possibility and, he says, the country will blame Democrats if that happens.

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