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(CNN)   Fiscal Cliff downgraded to Fiscal Slope   (politicalticker.blogs.cnn.com) divider line 313
    More: News, Rep. Paul Ryan, Majority Leader Eric Cantor, a.m. ET, White House announced, House Budget Committee, Vice President Joe Biden, ET Tuesday, federal deficits  
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4518 clicks; posted to Politics » on 01 Jan 2013 at 11:54 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-02 12:51:29 AM

cretinbob: The Speaker of the House isn't elected by the party who holds the majority, and doesn't even have to be a member of Congress. It's everyone.


I guess we'll find out Thursday. There will be an insurgent challenge from the Right, I expect. If Boehner survives as Speaker. I will be impressed.

/..you know nothing of Boehner! He was born inside a jail. He was raised with scum like you. He is from the gutter too!
 
2013-01-02 12:52:27 AM

MyEnamine: DamnYankees: Now for Debt Ceiling Part II: The Ceiling-ening Electric Bugaloo.

/fixed


userserve-ak.last.fm
 
2013-01-02 12:53:08 AM
This deal sucked, and not adding an agreement to raise the debt ceiling within it is short-sighted as hell. The Republicans want to shred the social safety net. What's stopping them beyond the threat of the defense cuts that take effect with the sequester?

President Obama is really, really bad at negotiating. Oh well, at least he's not Mitt farking Romney.
 
2013-01-02 12:55:22 AM

The Evil That Lies In The Hearts Of Men: Corvus: If you want some good Schadenfreude go over to FreeRepubluc. It's a complete meltdown.

If I had to navigate that mess of a site on a regular basis I would have a meltdown too..

So... GOPe / GOP-e... What's all that about?


GOP Establishment.  Freepers think that the problem with the GOP is that the power brokers push people like Mitt Romney and and don't take people like Allen West and Michelle Bachmann seriously as political players.  Their core philosophy is that true conservatism can never fail, it can only be failed by elites in DC who actually might be more of a libertarian or even be civil to a DemonKKKrap.
 
2013-01-02 12:55:30 AM

cretinbob: [quoting Freepers] "...B. Hussein Obama

..."

This is hilarious, calling up as it does the memory of Saddam Hussein, now deceased and daily-more-irrelevant historical figure. Keep farking that chicken, Freepers.
 
2013-01-02 12:55:35 AM
"They're crazy, but they're not that batshiat crazy," Democratic Representative Alcee Hastings told reporters as the Republican plan came into focus.

Don't be so sure Congressman.
 
2013-01-02 12:56:18 AM
Oh god, freeperville is a glorious nest of b*tch-fits and delicious, delicious conservative tears.

I need to get to bed, but reading their comments that are so full of prepubescent angst and rage just makes me feel all warm and fuzzy.
 
2013-01-02 12:57:42 AM

cretinbob: So Maybe Grover can be elected Speaker. or Big Bird.


Grover Norquist seems unlikely to be able to get majority support. Electing a fictional character might get the SCOTUS to overcome its phenomenal reluctance to treat congressional self-governance as a non-justiciable question.

Electing a Magic 8-ball, however....
 
2013-01-02 12:58:08 AM

Smelly McUgly: This deal sucked, and not adding an agreement to raise the debt ceiling within it is short-sighted as hell. The Republicans want to shred the social safety net. What's stopping them beyond the threat of the defense cuts that take effect with the sequester?

President Obama is really, really bad at negotiating. Oh well, at least he's not Mitt farking Romney.


If you were the President, how would you have forced the GOP to accept an increase in the debt ceiling?  Going over the cliff wouldn't have affected that since we pretty much hit the ceiling yesterday.
 
2013-01-02 12:58:55 AM

Kome: Oh god, freeperville is a glorious nest of b*tch-fits and delicious, delicious conservative tears.

I need to get to bed, but reading their comments that are so full of prepubescent angst and rage just makes me feel all warm and fuzzy.


Feels like the first time, feels like the very first time
 
2013-01-02 01:00:14 AM

Huck And Molly Ziegler: I'm not wild about the idea of the president flying all the way back to Hawaii to gain a few extra days of missed vacation.
Seems like a lot of Air Force One money to spend just to make a point.


THIS is your concern?
 
2013-01-02 01:02:30 AM

Kome: Oh god, freeperville is a glorious nest of b*tch-fits and delicious, delicious conservative tears.

I need to get to bed, but reading their comments that are so full of prepubescent angst and rage just makes me feel all warm and fuzzy.


media11.dropshots.com
 
2013-01-02 01:02:36 AM

cretinbob: At least crazy ass liberals just want to smoke pot and hug trees.


shiat. I've been smoking trees and hugging pot. I'm not too good at this.

/Now I've replied twice to cretinbob in this thread. Not stalking you, man, honest.
 
2013-01-02 01:02:58 AM
Congrats to all the tards who focused on this all holiday weekend. Your attention to derp will truly be honored in the future. Keep making America better.
 
2013-01-02 01:03:28 AM

Mentat: Smelly McUgly: This deal sucked, and not adding an agreement to raise the debt ceiling within it is short-sighted as hell. The Republicans want to shred the social safety net. What's stopping them beyond the threat of the defense cuts that take effect with the sequester?

President Obama is really, really bad at negotiating. Oh well, at least he's not Mitt farking Romney.

If you were the President, how would you have forced the GOP to accept an increase in the debt ceiling?  Going over the cliff wouldn't have affected that since we pretty much hit the ceiling yesterday.


Well, I think this deal kicking sequester down the road was a bad one. We should have dealt with the whole fiscal cliff wholesale. Put the defense cuts on the table and tell the Republicans that we'll reduce the cuts for no more obstruction on the debt ceiling and maybe a couple other things (hands off SS and Medicare, for two).

Of course, I am at a disadvantage here because I am not at all privy to what was going on in the nitty-gritty of the negotiations.
 
2013-01-02 01:04:44 AM

Mentat: Smelly McUgly: This deal sucked, and not adding an agreement to raise the debt ceiling within it is short-sighted as hell. The Republicans want to shred the social safety net. What's stopping them beyond the threat of the defense cuts that take effect with the sequester?

President Obama is really, really bad at negotiating. Oh well, at least he's not Mitt farking Romney.

If you were the President, how would you have forced the GOP to accept an increase in the debt ceiling?  Going over the cliff wouldn't have affected that since we pretty much hit the ceiling yesterday.


By forcing them to offer cuts in defence and medicare, or increased revenue. There's some serious kung fu going on.
 
2013-01-02 01:05:20 AM
 
2013-01-02 01:07:03 AM
Freeperland is eating itself:

To: JRandomFreeper"You've been one of the GOP supporters for a while. Making excuses for them."

'You own this. And yes, you are on the paper list of liberal republicans that I keep near the computer, so I can keep track of all you (redacteds)."
__________________________________________________
Like many here, I chose to deal with reality and voted for Romney. Unlike you, I saw him as a far better choice than the Marxist we had in office.
As far as owning this; this falls on the shoulders of knuckle heads like you who chose not to vote in the presidential election, or voted 3rd party. It's because of folks like you, that we're where we are now!
You are a selfrightous, unpatriotic phony! We're facing this dilema because you didn't see Obama as the real threat!


Hahahahahaha!!
 
2013-01-02 01:07:37 AM
House Speaker John Boehner couldn't hold back when he spotted Senate Majority Leader Harry Reid in the White House lobby last Friday.

It was only a few days before the nation would go over the fiscal cliff, no bipartisan agreement was in sight, and Reid had just publicly accused Boehner of running a "dictatorship" in the House and caring more about holding onto his gavel than striking a deal.

"Go f- yourself," Boehner sniped as he pointed his finger at Reid, according to multiple sources present.

Reid, a bit startled, replied: "What are you talking about?"

Boehner repeated: "Go f- yourself."
Link

25.media.tumblr.com
 
2013-01-02 01:07:44 AM

eraser8: Brontes: Can one assume that budget cuts will come during the debt ceiling discussion?

Honestly, budget cuts should wait until the economy is growing again.

Cutting the budget right now is a BAD idea.


The economy is farking growing!!!! Argh!!!!! With attitudes like yours we'll never get the budget cut, never mind the debt.
 
2013-01-02 01:11:13 AM

Yoyo: The economy is farking growing!!!! Argh!!!!!


Oh noes! It is?  This must  be stopped as soon as possible!  Wait.  No.  Huh?
 
2013-01-02 01:12:32 AM

Smelly McUgly: Well, I think this deal kicking sequester down the road was a bad one. We should have dealt with the whole fiscal cliff wholesale. Put the defense cuts on the table and tell the Republicans that we'll reduce the cuts for no more obstruction on the debt ceiling and maybe a couple other things (hands off SS and Medicare, for two).

Of course, I am at a disadvantage here because I am not at all privy to what was going on in the nitty-gritty of the negotiations.


Well, the President wanted a comprehensive deal, but the Republicans made the decision to make a strategic retreat on taxes and make the debt ceiling the 8th Waterloo of the Obama presidency.  But what you suggest doesn't really deal with the debt ceiling which is related allocated spending.  Even with steep spending cuts, we would still be running deficits and would still hit the ceiling.  I don't have a problem breaking the issue up into separate debates, but the question going forward is whether the Dems have given up any leverage by cutting this deal.  I personally don't think the Republicans are in a strong position going forward and I don't see their spin gaining much traction.
 
2013-01-02 01:12:52 AM

Smelly McUgly: not adding an agreement to raise the debt ceiling within it is short-sighted as hell.



There was no farking way the Dems are getting the debt ceiling raised without offering cuts. The GOP is going to use budget cuts to approve a debt ceiling raise no matter what happens -- whether that's now or later. Obama, Biden and the Dems did the ADULT thing and got most of what they wanted re: killing the Bush Tax Cuts without giving up a damn thing. Some say that Obama has now given up all of his leverage, but I disagree. Now the tax cut debate is finished for at least the next year or two. Obama has effectively separated tax cuts from budget cuts in the debate. Now the GOP is going to have to find something else to offer in exchange for cuts, and I doubt holding the debt ceiling hostage again is going to be enough.

We took what we could when we could, and now we get to watch a VERY unpopular House GOP hold the debt ceiling hostage again, which was inevitable.
 
2013-01-02 01:12:55 AM

Fuggin Bizzy: Freeperland is eating itself:

To: JRandomFreeper"You've been one of the GOP supporters for a while. Making excuses for them."

'You own this. And yes, you are on the paper list of liberal republicans that I keep near the computer, so I can keep track of all you (redacteds)."
__________________________________________________
Like many here, I chose to deal with reality and voted for Romney. Unlike you, I saw him as a far better choice than the Marxist we had in office.
As far as owning this; this falls on the shoulders of knuckle heads like you who chose not to vote in the presidential election, or voted 3rd party. It's because of folks like you, that we're where we are now!
You are a selfrightous, unpatriotic phony! We're facing this dilema because you didn't see Obama as the real threat!

Hahahahahaha!!


Wow. It's like a hydra-version of Ouroburos.
 
2013-01-02 01:14:12 AM

abb3w: cretinbob: So Maybe Grover can be elected Speaker. or Big Bird.

Grover Norquist seems unlikely to be able to get majority support. Electing a fictional character might get the SCOTUS to overcome its phenomenal reluctance to treat congressional self-governance as a non-justiciable question.

Electing a Magic 8-ball, however....


At least a Magic 8-ball would get the right answer 50% of the time.

Smelly McUgly: This deal sucked, and not adding an agreement to raise the debt ceiling within it is short-sighted as hell. The Republicans want to shred the social safety net. What's stopping them beyond the threat of the defense cuts that take effect with the sequester?

President Obama is really, really bad at negotiating. Oh well, at least he's not Mitt farking Romney.


The "social safety net" is already coming apart at the seams, it's just that most Americans have a shiatty comprehension of mathematics and can't see the forest for the trees. The sooner the shreds are apparent to everyone, including those who should know better but choose to ignore it, the better.
 
2013-01-02 01:14:43 AM

Yoyo: The economy is farking growing!!!! Argh!!!!! With attitudes like yours we'll never get the budget cut, never mind the debt.


Growing, but not strongly.  Keynesian theory says cuts should come when the economy is strong and deficits should be run when the economy is weak.  If we had followed that mantra after the 90's, we wouldn't even have a national debt now.
 
2013-01-02 01:15:06 AM

Dusk-You-n-Me: Text of the bill, 157 pages.

Roll call of the vote.


Thank you, dude.
 
2013-01-02 01:15:20 AM

LockeOak: House Speaker John Boehner couldn't hold back when he spotted Senate Majority Leader Harry Reid in the White House lobby last Friday.

It was only a few days before the nation would go over the fiscal cliff, no bipartisan agreement was in sight, and Reid had just publicly accused Boehner of running a "dictatorship" in the House and caring more about holding onto his gavel than striking a deal.

"Go f- yourself," Boehner sniped as he pointed his finger at Reid, according to multiple sources present.

Reid, a bit startled, replied: "What are you talking about?"

Boehner repeated: "Go f- yourself."



Boehner then said "I eat pieces of shiat like you for breakfast!" and then stormed off to the nearest bar.
 
2013-01-02 01:16:05 AM

shower_in_my_socks: LockeOak: House Speaker John Boehner couldn't hold back when he spotted Senate Majority Leader Harry Reid in the White House lobby last Friday.

It was only a few days before the nation would go over the fiscal cliff, no bipartisan agreement was in sight, and Reid had just publicly accused Boehner of running a "dictatorship" in the House and caring more about holding onto his gavel than striking a deal.

"Go f- yourself," Boehner sniped as he pointed his finger at Reid, according to multiple sources present.

Reid, a bit startled, replied: "What are you talking about?"

Boehner repeated: "Go f- yourself."


Boehner then said "I eat pieces of shiat like you for breakfast!" and then stormed off to the nearest bar.


Reid:  You eat pieces of shiat for breakfast?
 
2013-01-02 01:16:15 AM

System600: And it will only INCREASE your Debt by $4 TRILLION over the next 10 Years.


...compared to if we'd gone over the "cliff". This bill will reduce deficits compared to conditions on Dec 31, "...various estimates suggest by roughly $600 billion, and more with interest savings."

Link
 
2013-01-02 01:16:58 AM

Yoyo: eraser8: Brontes: Can one assume that budget cuts will come during the debt ceiling discussion?

Honestly, budget cuts should wait until the economy is growing again.

Cutting the budget right now is a BAD idea.

The economy is farking growing!!!! Argh!!!!! With attitudes like yours we'll never get the budget cut, never mind the debt.


And the 'fiscal cliff' cuts would have sent the nation, and therefore the world, into recession again.
 
2013-01-02 01:18:57 AM

Fuggin Bizzy: Freeperland is eating itself:

To: JRandomFreeper"You've been one of the GOP supporters for a while. Making excuses for them."

'You own this. And yes, you are on the paper list of liberal republicans that I keep near the computer, so I can keep track of all you (redacteds)."
__________________________________________________
Like many here, I chose to deal with reality and voted for Romney. Unlike you, I saw him as a far better choice than the Marxist we had in office.
As far as owning this; this falls on the shoulders of knuckle heads like you who chose not to vote in the presidential election, or voted 3rd party. It's because of folks like you, that we're where we are now!
You are a selfrightous, unpatriotic phony! We're facing this dilema because you didn't see Obama as the real threat!

Hahahahahaha!!


b.vimeocdn.com

/nothing changes...
 
2013-01-02 01:19:33 AM

Mentat: Smelly McUgly: Well, I think this deal kicking sequester down the road was a bad one. We should have dealt with the whole fiscal cliff wholesale. Put the defense cuts on the table and tell the Republicans that we'll reduce the cuts for no more obstruction on the debt ceiling and maybe a couple other things (hands off SS and Medicare, for two).

Of course, I am at a disadvantage here because I am not at all privy to what was going on in the nitty-gritty of the negotiations.

Well, the President wanted a comprehensive deal, but the Republicans made the decision to make a strategic retreat on taxes and make the debt ceiling the 8th Waterloo of the Obama presidency.  But what you suggest doesn't really deal with the debt ceiling which is related allocated spending.  Even with steep spending cuts, we would still be running deficits and would still hit the ceiling.  I don't have a problem breaking the issue up into separate debates, but the question going forward is whether the Dems have given up any leverage by cutting this deal.  I personally don't think the Republicans are in a strong position going forward and I don't see their spin gaining much traction.


Yeah, I don't see them actually proposing cuts to Medicare or Social Security with the debt ceiling either. They know those programs are ridiculously popular, and they know that cutting those programs would hand senior citizens back to the Democrats and result in an almost unstoppable electoral coalition. They have to try and get those cuts implemented while pinning full responsibility for the cuts on Obama, which means they can't propose anything. Since defense contractors will stop any cuts to defense spending, that leaves cutting even more non-defense discretionary spending.
 
2013-01-02 01:23:26 AM

LockeOak: Boehner repeated: "Go f- yourself." Link


Not that I don't believe it could have happened, but what's the authors' source for this? I didn't see one, did I miss something? Did one or more of the four journalists listed see it themselves?
 
2013-01-02 01:25:31 AM

DamnYankees: Has any minority leader ever been made Speaker while Minority leader for the foreseeable future? This seems basically impossible.


The usual reasons for change seem to be a change in party majority, or the departure of the sitting Speaker due to death, retirement, scandal, or leaving the House for the Senate.

However, it looks like Morris Udall at least made an attempt to unseat John William McCormack without even being Minority leader, so there's at least precedent for the attempt; possibly also McKinley's challenge to Thomas Reed. There's also the revolt against Joseph Gurney Cannon, which left him a powerless figurehead. The closest comparison might be the Speakership of William Pennington, who was a compromise candidate during the Civil War; which precedent would suggest that the speaker might be a Democrat to the furthest right of that party.

Note, I'm not claiming Cantor will win. I just think he's nuts enough to try.
 
2013-01-02 01:26:01 AM

Mentat: Yoyo: The economy is farking growing!!!! Argh!!!!! With attitudes like yours we'll never get the budget cut, never mind the debt.

Growing, but not strongly.  Keynesian theory says cuts should come when the economy is strong and deficits should be run when the economy is weak.  If we had followed that mantra after the 90's, we wouldn't even have a national debt now.


How strong is strong enough for you? The point at which the economy is strongest is the point right before it goes into recession, and then you'll claim that we can't cut spending during a recession. The problem with Keynes is that he doesn't take human nature into account. Sure, deficit spending during economic blight will lessen the effects, but the problem is that no one ever wants to pay it back during times of excess, e.g. the USA since 1948.

Post WWII was perhaps the greatest economic boom the US has ever seen, yet the federal government willfully decided to stop paying off the war debt, and that was when it would have been easy. If not now then when? If not we then whom? Certainly not congress. They've raised the ironically named "debt ceiling" every time they've been asked, although on the last occasion it was with much kicking and screaming like spoiled children Is 60 years not a long enough experiment to demonstrate that the US government is unable, either not smart enough or not powerful enough, to control the national (and by proxy the global) economy?
 
2013-01-02 01:27:23 AM

eraser8: BlueDWarrior: I'm of the mind that until we stop electing insane nihilists to our government, we will be farked. So... um, anyone have any good recipes for pigeon?

Honestly, I don't understand why pigeons wouldn't be delicious.

I mean, you wouldn't want to eat them raw off the streets of New York City...but, come on: purge them for awhile and roast them while frequently basting them?  They should be pretty boss.


I've had them before at a restaurant, two days after walking around shanghai asking myself, "Why are there no pigeons in this city?"
 
2013-01-02 01:33:10 AM

Kome: Oh god, freeperville is a glorious nest of b*tch-fits and delicious, delicious conservative tears.

I need to get to bed, but reading their comments that are so full of prepubescent angst and rage just makes me feel all warm and fuzzy.


This may be the final straw that breaks the back of the GOP. Either that, or we get a literal Night of the Long Knives.
 
2013-01-02 01:34:19 AM

Yoyo: How strong is strong enough for you? The point at which the economy is strongest is the point right before it goes into recession, and then you'll claim that we can't cut spending during a recession. The problem with Keynes is that he doesn't take human nature into account. Sure, deficit spending during economic blight will lessen the effects, but the problem is that no one ever wants to pay it back during times of excess, e.g. the USA since 1948.

Post WWII was perhaps the greatest economic boom the US has ever seen, yet the federal government willfully decided to stop paying off the war debt, and that was when it would have been easy. If not now then when? If not we then whom? Certainly not congress. They've raised the ironically named "debt ceiling" every time they've been asked, although on the last occasion it was with much kicking and screaming like spoiled children Is 60 years not a long enough experiment to demonstrate that the US government is unable, either not smart enough or not powerful enough, to control the national (and by proxy the global) economy?


First off, it's like obscenity:  I know it when I see it :)

As for WWII, we actually went into a recession immediately after the war because of the drop in war spending coupled with the transition from war to domestic production coupled to Truman's massive demobilization efforts.  Truman was very fiscally conservative and did his best to work off the debt, so I'm not sure what your point is.  Clinton was paying down the debt during the greatest peacetime economic expansion in American history, so that's a pretty good baseline for me.  if the economy's growing steadily, then gradually reduce spending.  That's exactly what Obama has been doing in fact.  Government has shrunk, the deficit is decreasing at 3% which is the fastest since WWII, so again, I'm not really sure what your point is.
 
2013-01-02 01:37:44 AM

Uranus Is Huge!: Huck And Molly Ziegler: I'm not wild about the idea of the president flying all the way back to Hawaii to gain a few extra days of missed vacation.
Seems like a lot of Air Force One money to spend just to make a point.

THIS is your concern?


I was trying to come up with a different observation.
And it DID seem like a little bit of a valid point. I mean, the man's back home. He's done his work. He could just pad around in his boxers and ugly bathrobe for the rest of his vacation til the wife and kids get home.
 
2013-01-02 01:38:35 AM
The Defense Budget has doubled since Bush took office. That should be the next bargaining position the Dems take for the budget cut talks and inevitable Debt Ceiling hostage standoff that the House Teahadists are going to pull.
 
2013-01-02 01:39:00 AM
I can't believe they extended unemployment another 99 weeks. That's awesome news for the ne'er-do-wells.
 
2013-01-02 01:39:12 AM

Yoyo: Mentat: Yoyo: The economy is farking growing!!!! Argh!!!!! With attitudes like yours we'll never get the budget cut, never mind the debt.

Growing, but not strongly.  Keynesian theory says cuts should come when the economy is strong and deficits should be run when the economy is weak.  If we had followed that mantra after the 90's, we wouldn't even have a national debt now.

How strong is strong enough for you? The point at which the economy is strongest is the point right before it goes into recession, and then you'll claim that we can't cut spending during a recession. The problem with Keynes is that he doesn't take human nature into account. Sure, deficit spending during economic blight will lessen the effects, but the problem is that no one ever wants to pay it back during times of excess, e.g. the USA since 1948.

Post WWII was perhaps the greatest economic boom the US has ever seen, yet the federal government willfully decided to stop paying off the war debt, and that was when it would have been easy. If not now then when? If not we then whom? Certainly not congress. They've raised the ironically named "debt ceiling" every time they've been asked, although on the last occasion it was with much kicking and screaming like spoiled children Is 60 years not a long enough experiment to demonstrate that the US government is unable, either not smart enough or not powerful enough, to control the national (and by proxy the global) economy?


upload.wikimedia.org

whatutalkingboutwillis.info
 
2013-01-02 01:39:55 AM
I love that the President is going back to Hawaii to finish his vacation. "The House approved the bill? Peace-out, biatches. I'll be at the beach."
 
2013-01-02 01:40:58 AM
Well goddamnit. I was hoping they would fark-all rather than reach any kind of agreement and truly show themselves to be the useless slabs of meat they are. As it is, they've managed to dredge up some semblance of care as to what happens to us little folk, I suppose only because there are some tattered shreds of that whole "public service" curtain still in place that they want to hide behind. But no worries. I'm sure the next round will take care of any "inequities" to our continued indebtedness to masters we've never contracted with. Our children are in good hands, they can certainly assure you.
 
2013-01-02 01:41:27 AM

Gyrfalcon: Kome: Oh god, freeperville is a glorious nest of b*tch-fits and delicious, delicious conservative tears.

I need to get to bed, but reading their comments that are so full of prepubescent angst and rage just makes me feel all warm and fuzzy.

This may be the final straw that breaks the back of the GOP. Either that, or we get a literal Night of the Long Knives.


Can we have a Reichstag Fire and Kristallnacht too? Kristallnacht just has a much more Christmasy sound to it. I'd love to see the Capital building burn down. Plus we could blame it on the Evangelicals and use it as an excuse to deny them suffrage.

/and since literariness is dying in America, yes, this is irony.
 
2013-01-02 01:42:05 AM

fatassbastard: LockeOak: Boehner repeated: "Go f- yourself." Link

Not that I don't believe it could have happened, but what's the authors' source for this? I didn't see one, did I miss something? Did one or more of the four journalists listed see it themselves?


Typically a journalist is considered a valid source for a primary article, but this is Politico we're talking about.
 
2013-01-02 01:46:37 AM

Phoenix_M: I can't believe they extended unemployment another 99 weeks. That's awesome news for the ne'er-do-wells.


That would be a GOOD thing. No need to make them move their families to under the nearest bridges. It's also stimulative, as they pay rent and buy food.
 
2013-01-02 01:51:06 AM

Mentat: if the economy's growing steadily, then gradually reduce spending.  That's exactly what Obama has been doing in fact.  Government has shrunk, the deficit is decreasing at 3% which is the fastest since WWII, so again, I'm not really sure what your point is.


We don't just need to reduce spending during boom times, we need to start to pay back what we borrowed, i.e. run a surplus, not just borrow less. That's my point, which seems to have been lost on you.

Serious Black: [upload.wikimedia.org image 850x991]

[whatutalkingboutwillis.info image 360x270]


Notice how the gross debt remains mostly level while the debt to GDP diminishes approximately linearly with time? This is because the GDP was growing constantly at the time. This was the time that the US government should have paid off the debt entirely! Notice how these graphs don't go back any earlier than 1940? I wonder what the chronic debt was then...?
 
2013-01-02 01:53:38 AM

DamnYankees: Corvus: If you want some good Schadenfreude go over to FreeRepubluc. It's a complete meltdown.

Red State is pretty good too. Headline is THE MCCONNELL TAX HIKE.


The comments on that article are staggering.
 
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