The recently rekindled Gang of Six presented its $3.7 trillion deficit-reduction plan to Senate colleagues yesterday. As the debt-limit deadline approaches, the six senators are hoping to gain support. “We told our colleagues this morning that we want to hear from them in the next 24 hours,” Sen. Kent Conrad (D-ND) said. “Are they with us […]
Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns. Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight its fiscal war. The president […]
A group of U.S. Senators called the Gang of Six has cobbled together the third Senate-originated half-baked idea this week that would lead to hiking the debt limit. All three Senate approaches — the McConnell Plan, the McConnell-Reid “Just Borrow More” Plan, and now the Gang of Six “Maybe Later in the Year” Plan — […]
Sen. Jim DeMint (R-SC) visits Heritage today for The Bloggers Briefing. He will be discussing his new book, “The Great American Awakening: Two Years That Changed America, Washington, and Me,” which highlights the birth of the Tea Party. He will be joined by American Legislative Exchange Council Senior Director for Public Affairs Raegan Weber and […]
Four leading GOP lawmakers have pledged to support Jewish communities in Judea and Samaria. The lawmakers are US Representatives Pete Sessions (TX), Michael Grimm (NY), Nan Hayworth (NY), Col. Allen West (FL). The pledge came from lobbying efforts by Shomrom Liaison Office Director David Ha’Ivri, who is on a two week tour of the United […]
As America’s poorest wait for Social Security checks that may never come on Aug. 3, President Barack Obama will be out celebrating a milestone birthday at a party where tickets cost up to $35,800 each. Obama has chosen the first day of the potential default to throw his 50th birthday bash, combining it with raising […]
House Cloakroom: July 18 – July 22 Analysis: Next week will be a big week in the House for the fight over the debt ceiling increase. On Tuesday the House will vote on the cut, cap and balance plan that would reduce spending, enact a statutory spending cap and make an increase in the debt […]
Everyone’s heard that Moody’s has threatened to downgrade our bond rating unless the debt ceiling is raised. We get that—crisis pending, yada, yada, yada. But if you read the announcement closely, there are important new points they added to the mix. First, Moody’s really doesn’t believe–that the President really will let Geithner default on our […]
After working hard to compile a list of Obama’s rather questionable record of fiscal promises and actual executions, the gist of which is represented best by the violent clash between myth and realty in Christina Romer’s “The Job Impact of the American Recovery and Reinvestment Plan” whose epic failure is defined by one simple chart, […]
This past week, the Obama administration informed Congress that it had approved the sale of 125 M1A1 Abrams Tanks to the new unknown government of Egypt. The question of just who is running the government of Egypt was apparently insignificant to Obama and the decision-makers. This goes to the heart of the problem, as the […]
