Tag: budget

An Economic Roundup . . . in Cartoons

The economy has been everyone’s preoccupation, what with the debt/budget deal earlier this week, the stock market freefall on Thursday, and the continuing bad jobs reports. And late last night, I saw where S&P downgraded the nation’s credit rating from triple A to double A, which has never happened before. Congratulations, President Obama, for achieving something no other American president ever achieved. Let’s take the cartoonists’ pulse on economic-related news, starting with the real accomplishment of the debt deal: Too… Read more »

In Praise of Harmony & Mutual Respect

The budget/debt ceiling bill passed the House last night, and the Senate is slated to vote on it today. Half of the Democrats opposed it; sixty-six Republicans also said no to it. The Democrats’ objections were that there were no tax increases, there were spending cuts, and it called for the Congress to send a balanced budget amendment to the states for ratification. Republicans’ objections were that most of the spending cuts were too far down the road, there is… Read more »

Identifying the Extremists

For weeks now [I could say “for years,” but I’m trying to limit it to the present debate] we’ve been treated to a steady stream of invective from Democrats saying that “Tea Party wingnut extremists” are the barrier for reaching a budget deal. What exactly are those “extremist” views? Please choose among the following: A desire to live within our means as a nation rather than going even more trillions of dollars in debt A call for a balanced budget… Read more »

More Fiscal Crisis . . . and the Reasons for It

Talks broke off again yesterday between President Obama and Speaker Boehner regarding the debt crisis. Obama held a press conference first, claiming the Republicans just don’t know a good deal when they see it. Boehner followed with his own, noting that they were close to an agreement until Obama made a last-minute demand for more tax increases. He still labors under the ideology that seeks to drain as much out of the private sector economy as possible for the benefit… Read more »

Cut, Cap, and Balance Was the Right Move

The Republican-led House of Representatives has passed a bill called “Cut, Cap, and Balance.” It calls for cutting spending back to 2008 levels, capping spending to a certain percentage of the GDP, and raising the debt ceiling only if both Houses of Congress send a balanced budget amendment to the states for ratification. Political commentators are calling it dead from the start. I agree, to a point. Will it pass the Senate? It might have a small chance [some Democrats… Read more »

Welcome to the Real World, Mr. President

The other day at the budget talks, President Obama abruptly ended the meeting and, according to Republican Eric Cantor, just walked out after chiding Cantor and saying, “Don’t call my bluff.” Now that’s an interesting statement. What did he mean? If you parse this accurately, apparently he’s saying, in effect, he’s actually bluffing when he declares that Republicans have to meet his criteria for dealing with the debt ceiling. Perhaps he’s only bluffing when he sadly opines that the money… Read more »

Pressing the Dislike Button

Facebook has its “Like” button; I’m choosing to press a “Dislike” button today in my blog. How much do I dislike President Obama’s stance on economics, the budget, and the debt talks? Let me count the ways. First, I dislike his view of how to handle a budget: Is that really the way he would handle his personal finances? If not, why handle the nation’s that way? If it is the way he handles personal finances, he has no business… Read more »