28 Nov 2011
The fight over whether and how to raise the debt ceiling resulted in the Budget Control Act, which called on the supercommittee to find at least $1.2 trillion in deficit savings over the next decade. Failure would trigger a $1.2 trillion “sequestration” — cuts to planned spending over the next decade that were supposed to hurt both parties by cutting programs supported by both parties.
5 Sep 2011
Here’s to Chick-fil-A, which has figured out the drive-thru, and leaves you wondering, as you drive away, where they could have invented such a marvel. Turns out it was the United States.
8 Aug 2011
We created an infrastructure unlike anything seen in the history of the world. You can now pretty much bar hop across America. If you have money in your pocket, you need no provisions. Restaurants, hotels, gas stations, airports, and Internet service.
But was any of this ever affordable?
31 Jul 2011
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To the Boston crowd, Key details of the debt ceiling deal emerging tonight. 1) Balanced budget amendment is no longer required. Major compromise, many GOP will hate this, but will probably be replaced by House Dems in the final vote. See my post here: http://thehill.com/blogs/floor-action/house/174611-balanced-budget-amendment-passage-not-required-for-second-debt-ceiling-increase 2) On the numbers, it’s roughly the same as what [...]
26 Jul 2011
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by Pete Kasperowicz Here’s how it’s worked in Greece for the last two years: When Greece needs money, it borrows from the rest of the world. It can’t create any more of its own debt — Greek’s debt is already about 150 percent of its annual output, so those days are gone.
14 Jun 2011
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Real revolution will occur if Republicans in the Senate
22 Apr 2011
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by Pete Kasperowicz Floor Action Blog, The Hill Sometime in the last two weeks, as it began to sink in that House Republicans really do want to cut spending, and that Democratic talking points weren’t convincing the public that government spending is fine just the way it is, Democrats made two important strategic decisions.
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