'On You Depend the Fortunes of America'
Via Jen Rubin, the House Armed Services Committee released this video today "decrying defense spending sequestration":
Via Jen Rubin, the House Armed Services Committee released this video today "decrying defense spending sequestration":
Bluffton, S.C.
Chris Christie rips President Obama for allowing the supercommittee to fail:
Greece and Italy may be ungovernable, but America is ungoverned. The president ducked out of the country for an Asian tour while the supercommittee tried to reach agreement on a plan to cut the deficit. But the Democrats refused to offer specific cuts in entitlement spending, despite a Republican…
The failure of the supercommittee marks a good time to highlight just how out of control our federal spending really is. To see the matter in a clearer light, let’s leave aside all disputes over tax revenues for the time being, and focus purely on spending.
Washington Post: "Bloomberg rebukes Obama over collapse of debt talks"
On November 7, Republican senator Pat Toomey proposed a compromise on taxes to members of the supercommittee tasked with cutting the deficit. “There was a moment there, a 24-hour period, when several Democrats expressed a great deal of interest in the framework I laid out,” Toomey tells THE WEEKLY…
New York Times: "The Deficit Deal That Wasn’t: Hopes Are Dashed"
Masscahusetts senator John Kerry admitted today that allowing the Bush tax cuts to expire will result in a "major tax increase." Kerry is a member of the so-called supercommittee.
Defending Defense, a project of the American Enterprise Institute, the Foreign Policy Initiative, and the Heritage Foundation, notes that "The future of America’s national security hangs in the balance. Facing a looming Thanksgiving deadline, a select bipartisan panel of 12 lawmakers is struggling…
The House Armed Services Committee flags this item in a recent Politico/GWU poll:
Associated Press: "Obama donor discussed solar loan with White House"
At National Review Online, Rich Lowry reports that Democrats on the Joint Select Committee on Deficit Reduction (aka the supercommittee) rejected a potential compromise last night:
There are three sorts of economic news: good, hinting that a recovery might be around the corner; ambiguous, perhaps hinting that a double dip is unlikely; and bad.
CNN: "GOP rejects Dems offer in 'super committee,' negotiations 'deadlocked' over taxes"
“The fundamental question for you is not how we got here, but where you want the country to go,” said Douglas Elmendorf, director of the Congressional Budget Office, to the members of the Joint Select Committee on Deficit Reduction (or the supercommittee) today. “What role do you and your…
The American Enterprise Institute, the Foreign Policy Initiative, and the Heritage Foundation are holding an event on Capitol Hill tomorrow called "Defense Spending and the Super Committee." The all star lineup includes the boss, Tom Donnelly, Senator Kelly Ayotte, Senator Lindsey Graham, Senator…
There is a certain irony, as well as much truth, in Defense Secretary Leon Panetta’s drumbeat of warnings about the consequences of further cuts to U.S. military budgets of the sort threatened under the current deficit reduction law.
With the congressional “supercommittee” – or, to be precise, the Joint Select Committee on Deficit Reduction – now complete, the stage is set for a very high drama indeed. Now comes the moment when Americans must confront the costs of remaining the world’s sole superpower, the guarantor of an…
House minority leader Nancy Pelosi announced on Twitter that she has selected James Clyburn of South Carolina, Xavier Becerra of California, and Chris van Hollen of Maryland to serve on the joint select committee on deficit reduction (aka the supercommittee).
Senate majority leader Harry Reid picked his three representatives to the twelve congressional member supercommittee yesterday, selecting Max Baucus, John Kerry, and Patty Murray. The first two choices make sense: Baucus is chairman of the Senate Finance Committee, and Kerry was the Democratic…
House speaker John Boehner has chosen Rep. Jeb Hensarling of Texas to be co-chair of the joint select committee on deficit reduction, or the so-called supercommittee. Reps. Dave Camp and Fred Upton, both of Michigan, were also selected by Boehner to represent the House Republicans on the…
Every time you think Harry Reid can't be even more crassly political and partisan, you're proven wrong. He's now appointed Patty Murray—chair of the Democratic Senatorial Campaign Committee (DSCC)—to be co-chair of the new deficit supercommittee. Murray has little in the way of widely recognized…
According to the Budget Control Act, the 12-member Joint Select Committee on Deficit Reduction, or the so-called supercommittee, must be formed within 14 days of the bill becoming law. Since President Obama just signed the law, Congress has until August 16, two weeks from today, to fill the slots.…
The debt ceiling deal will pass the Senate early this afternoon. No suspense there. But the vote will be worth watching for another reason: Three Republican Senate sources tell TWS that senators who vote against the deal will be ineligible to serve on the so-called “supercommittee” for deficit…