Earlier this evening, Speaker John Boehner announced that House Republicans will support a two-month extension of the payroll tax cuts. With a call for a final vote Friday morning, Boehner and the GOP leadership have abandoned their current push for a one-year extension of the cuts in order to pass the stopgap provision and end the political battle in time [...]
Ah, the Super-Committee. Remember them? To back-track, the super-committee was formed in August to cut spending as part of the infamous debt ceiling deal. They were given till November 23rd to report back with a solution, or billions in automatic budget cuts will be triggered. It’s now November 10th and we’re not any closer to finding a solution as we were [...]
On August 2, the day the nation’s debt ceiling deal was finally enacted, we were given yet another example of how true moderation has ceased to exist in America. The deal inexplicably ignores reality by withdrawing $1 trillion from the economy despite pallid growth rates and cutting federal benefits for the unemployed despite soaring unemployment rates. It insists that we [...]
With less than two days to go, Congress and the White House have moved in an expected direction on the debt crisis talks, producing few surprises along the way. On Friday night, House Speaker John Boehner (R-OH)’s version of the debt limit bill finally passed in the House on a 218-210 party-line vote, with no Democrats voting “aye” and 22 [...]
Here we are — four days until the federal government hits the debt ceiling and Washington remains under lockdown as a debt limit increase bill has yet to be passed. The struggle, of course, is not over whether the debt ceiling will be increased — both parties are of the consensus that the limit must go up — but over [...]
In 2008, liberals trumpeted the rise of a young, biracial urbanite from Hawaii as symptomatic of a broader social transformation supposedly sweeping American politics. Many commentators forecasted the extinction of the GOP, labeling it a party tied to declining segments of the electorate. In the zero-sum game of bipartisan politics, the Democrats would carry the future as surely as the [...]
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