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Tag Archives: Debt Ceiling
by Michael Reagan
President Obama, the Democratic Party and its members of Congress have spent years blaming former President George W. Bush for the nation’s current economic woes, which is akin to blaming the bank’s tellers for a bank robbery, or for the dishonesty of their bosses, the bank’s executives who were looting the till.
Nobody in the liberal-dominated media bothers to note that in the last years of the Bush presidency Democrats controlled the … Read the Rest of this Post
by Ben Johnson, The White House Watch
Impeachment usually represents a punitive act following the commission of a crime, but some are looking to it as a last means of self-defense. At a Tea Party town hall meeting last night Rep. Michael Burgess, R-TX, said impeachment “needs to happen” to stop Barack Obama from inflicting more “damage” on this country.
The Fort Worth Star-Telegram claims an attendee “suggested that the House push for impeachment proceedings … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged Debt Ceiling, Doctor in the House: A Physician-Turned-Congressman Offers His Prescription for Scrapping Obamacare...And Saving America's Medical System, Impeach Obama, Impeach Obama Campaign, impeachment, Jon Huntsman, Libya, Michael C. Burgess MD, National Debt, NE Tarrant Tea Party, Newt Gingrich, Obamacare, Pete Olson, Ron Paul, Tea Party, Tea Party Movement, Texas, Tim Scott, Trent Franks
13 Comments
by William E. Been
While watching the debt ceiling increase by $2.4 trillion just to cover spending until the next presidential election, the scam perpetrated on the American people could not have been any more obvious. While the Republican-controlled House of Representatives negotiated with itself for weeks in an attempt to propose something that might save our great nation from financial disaster, neither the U.S. Senate nor the White House proposed any plan at all. … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged Balanced Budget Amendment, Barack Obama, Barbara Boxer, Barbara Mikulski, Carl Levin, Daniel Akaka, Daniel Inouye, Debt Ceiling, Democrats, Dianne Feinstein, Dick Durbin, Economic Issues, Frank Lautenberg, Government Spending, Harry Reid, Jack Reed, Jay Rockefeller, Jeff Bingaman, Joe Lieberman, John Kerry, Kent Conrad, Orrin Hatch, Patty Murray, Republican Party, Republicans, Ron Wyden, U.S. Credit Rating
1 Comment
by Ben Johnson, The White House Watch
Obama scored another historical first on Friday, becoming the first president to see the U.S. credit rating downgraded by Standard & Poor’s, from AAA to AA+. While we hope his presidential reign lasts no longer than January 2013, Americans may have to live with the consequences of Obamanomics for more than a decade to come. The chairman of Standard & Poor’s sovereign debt ratings, John Chambers, told ABC’s … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged Barack Obama, Barry Eichengreen, Bill Clinton, Birkshire Hathaway, China, Dagong Global Credit Rating, David Axelrod, Debt Ceiling, Dow Jones, Economics, Guan Jianzhong, Hillary Clinton, John Chambers, John Kerry, NASDAQ, National Debt, Obama's downgrade, Standard & Poor's (S&P), stock market, Tea Party, Tea Party Movement, Timothy Geithner, U.S. Credit Rating, U.S. dollar, University of California-Berkeley (UCB), Wall Street Journal, Warren Buffett, Xinhua news agency
5 Comments
by Ben Johnson, The White House Watch
President Obama’s luck got so bad during the debate over raising the debt ceiling that even his chief of staff said he could be impeached. On July 27, the Cato Institute‘s director of health policy studies Michael F. Cannon heard Bill Daley admit, in not so many words, that it’s okay to impeach Obama:
On NPR this morning, I heard White House chief of staff Bill
by Ben Johnson, The White House Watch
Three years ago, many well-meaning Americans suspended concerns about Barack Obama’s experience, judgment, and associations in order to vote for an “historic” president. To paraphrase H.L. Mencken, they got one — good and hard. Friday night, for the first time in history, Standard & Poor’s downgraded the U.S. credit rating from AAA to AA+. The United States earned the top rating the moment such rankings began in … Read the Rest of this Post
by Floyd and Mary Beth Brown
Washington is obsessed by picking winners and losers. But the Establishment media has the story all wrong again. The Republicans, they say, won this skirmish over debt. But actually Republicans displayed a total lack of commitment to their principles.
The only winner in the “Budget Control Act of 2011″ is massive government and the Washington bureaucracy it feeds with your money.
We are embarrassed for Republican members of … Read the Rest of this Post
By Herbert W. Titus and William J. Olson
In a Constitutional Republic of the sort that we thought we had, the process by which laws are made is at least as important as the laws that are enacted. Our Constitution prescribes that lawmaking process in some detail, but those who voted for the “Budget Control Act of 2011″ (“BCA 2011″) were wholly unconcerned about trampling upon required constitutional processes on the way to the … Read the Rest of this Post
Posted in Floyd Reports, Opinion
Tagged Barack Obama, Budget, Budget Control Act of 2011, Debt Ceiling, Debt Ceiling Disapproval Process, Debt Crisis, Harry Reid, Herbert Titus, John Boehner, Mitch McConnell, Nancy Pelosi, Secretary of the Treasury, Treasury Department, US Constitution, William Olson
32 Comments
by Rep. Tom McClintock, R-CA
The “Budget Control Act of 2011” increases the debt limit by between $2.1 and $2.4 trillion, the biggest explosion of debt in American history. It allows the government to avoid spending reductions for the next two years while squandering our last best hope of averting a sovereign debt crisis.
I am opposed to this measure for the following reasons:
- The purported cuts, even if realized, are far below the
By Rep. Tom McClintock, R-CA
This act increases the debt limit by between $2.1 and $2.4 trillion, the biggest explosion of debt in American history. It allows the government to avoid spending reductions for the next two years while squandering our last best hope of averting a sovereign debt crisis.
I am opposed to this measure for the following reasons:
- The purported cuts, even if realized, are far below the $4 trillion deficit reduction that
Posted in Floyd Reports, News Reports, Opinion
Tagged Debt Ceiling, Government Spending, National Debt, Tea Party, Tom McClintock
3 Comments
