The Problem is Spending
Posted in Main Blog (All Posts) on July 25th, 2011 4:31 am by HL
The Problem is Spending
Jack Kelly, Pittsburgh Post-Gazette
When Moody's, the bond rating agency, threatened to downgrade the creditworthiness of the U.S. government if the ceiling on the national debt isn't raised by Aug. 2, the threat was reported on the evening news on CBS and NBC, and on the front pages of many newspapers.But journalists paid less attention when Moody's and Standard & Poor's said they would downgrade U.S. bonds if federal debt isn't cut by $4 trillion over the next 10 years.
Obama’s Scare Tactics Reek of “Falsiness”
Jon Gurwitz, SA Express-News
Comedian Stephen Colbert coined the word truthiness in 2005 to describe things that might not be factually correct but that nonetheless have the feeling of correctness. With truthiness, you suspend your cognitive functions and allow your gut to make value judgments.“What about Iraq?” Colbert asked, taking a poke at the truthiness of George W. Bush. “If you think about it, maybe there're a few missing pieces to the rationale for war, but doesn't taking Saddam out feel like the right thing?”
Boehner Readies New Debt Limit Plan
Byron York, Washington Examiner
House Republicans are finishing work on a new proposal to resolve the standoff over the debt ceiling. The proposal, set to be finished and crafted into the form of a bill by Sunday, will be in two parts. The first will combine a short-term increase in the debt ceiling with spending cuts. The second will lay the groundwork for a longer-term increase in the debt ceiling coupled with far-reaching deficit reduction.”Senator Reid said on Friday that he is going to wait for us to move,” says a well-informed GOP House aide. “So we'll…
What if Gays Aren’t Born That Way?
Gary Greenberg, Mother Jones
With regrets to the couples who took their vows at Niagara Falls, Dale Getto and Barbara Laven have a strong claim to the title of first same-sex couple married in the State of New York.“Oh yeah, no doubt about it,” said Mayor Gerald D. Jennings of Albany, flashing a satisfied grin and sweating profusely in his dark suit while standing in a muggy City Hall. “I summed it up right at twelve-oh-one-second.”
Pawlenty Promises Not to Embarrass GOP
Debra Saunders, SF Chronicle
Former Minnesota Gov. Tim Pawlenty's bid to win the GOP presidential nomination hasn't exactly been catching on fire. Earlier this month, The New York Times ran a story about his candidacy under the headline “Will Republican Race's First In Be the First Out?”The RealClearPolitics poll average puts him in eighth place in the crowded GOP race. Fellow Land-o'-Laker Rep. Michele Bachmann fares better — second place — perhaps because she does not try to match T-Paw's mastery of “Minnesota nice.”
