Spending

THE DEBT PANEL’S PATTY MURRAY PROBLEM

August 12, 2011 By Michelle Malkin 8/12/2011 Everything that’s wrong with the so-called debt “super-committee” can be summed up in the person, partisan hackery and policy ignorance of Washington Democratic Sen. Patty Murray. On Tuesday, Senate Majority Leader Harry Reid named Murray co-chair of the dog-and-pony deficit-reduction panel tasked with identifying $1.5 trillion in spending […]

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WASHINGTON ARRANGING THE CHAIRS ON THE TITANIC

WALL STREET JOURNAL August 11, 2011 Emerson Electric CEO David Farr during an earnings call, Aug. 2: GDP in the U.S. grew in the first half less than 1%. . . . It’s not new news. We have to deal with it. We have a tradition in the company to deal with those things. Then

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A DOWNGRADE AWAKENING

AUGUST 9, 2011 Amid the market wreckage, signs of a political turn. EXCERPT FROM THIS ARTICLE:  The downgrade uproar and even the market turmoil are signs that Americans aren’t about to accept economic decline gracefully. To adapt a famous phrase, a debt crisis is a terrible thing to waste During yesterday’s market meltdown, an old

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IS OBAMA SMART?

AUGUST 9, 2011 A case study in stupid is as stupid does. By BRET STEPHENS EXCERPT FROM THIS ARTICLE:  Then there is Mr. Obama as political tactician. He makes predictions that prove false. He makes promises he cannot honor. He raises expectations he cannot meet. He reneges on commitments made in private. He surrenders positions

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LIMBAUGH ON MARKET COLLAPSE

Newsmax Limbaugh on Market Collapse: Obama Engineering the Decline of America Monday, August 8, 2011 06:17 PM By: Jim Meyers Top-rated talk radio host Rush Limbaugh finds a “silver lining” in the downgrading of America’s credit rating: There no longer is any doubt that President Barack Obama can be roundly defeated in 2012. “Obamageddon —

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THE PECULIAR MADNESS OF PAUL KRUGMAN

REAL CLEAR POLITICS August 6, 2011 By Robert Tracinski The debt deal unhinged the left. No, the Tea Parties did not win, as the left has been saying. The spending “cuts” only limit the additional growth of government, and they are too small and too distant to be worth celebrating. But the left is correct

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EURO DREAM THREATENS TO BECOME NIGHTMARE

IrishTimes.com DAN O’BRIEN Sat, Aug 06, 2011 ANALYSIS: LAST WEEKEND the world’s attention was on Washington DC as America’s politicians peered into the abyss of sovereign default. On Sunday they stepped back. This weekend attention is on Rome and Madrid. Politicians in those two capitals are sliding towards the same abyss. But there is a

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KRAUTHAMMER – THE GRAND BARGAIN TO BE HAD

NEWS&OBSERVER The grand bargain to be had By Charles Krauthammer – Washington Post Writers Group Published in: Other Views August 6, 2011 WASHINGTON Conventional wisdom holds that the congressional super-committee established by the debt-ceiling deal to propose further deficit reduction will go nowhere. I’m not so sure. There is a grand compromise to be had.

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NOW THE HARD WORK MUST BEGIN

Printed from the News & Observer – www.NewsObserver.com Published Thu, Aug 04, 2011 Bowles and Simpson: Now the hard work must begin BY ERSKINE BOWLES AND ALAN SIMPSON – The New York Times Last month, President Barack Obama and congressional leaders came close to an agreement that could have set our nation on a sound

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THE DEBT DEAL AND THE PROGRESSIVE CRACK-UP

AUGUST 6, 2011 Liberal contempt for the workings of democracy and for diversity of opinion reflects not just hypocrisy but panic. By PETER BERKOWITZ The debt-limit crisis of 2011 brought the federal government harrowingly close to defaulting on its financial obligations. As the dust settles, it is more harrowing still to contemplate the implications of

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