Tag: Super Committee
As Americans celebrated Thanksgiving on Thursday and pursued the madness of Black Friday yesterday, with shootings and pepper spraying, young American men and women in Afghanistan continued to put their life on the line in the service of their nation. The Department of Defense (DoD) reports that another five Americans paid the ultimate price. The […]
After the Congressional Supercommittee, charged with achieving $1.2 Trillion in debt reduction over ten years, fizzled out with a whimp and no agreement, President Obama made a statement from the White House at 5:45 pm. In his statement he mentioned “fair share” twice and said that a larger sacrifice was needed from the top 1%. […]
The Chairs of the Super Committee didn’t even have the Character to hold a joint press conference, instead they hand out (in our case e-mailed) a statement. They simply broke up and ran home. We warned that this was the Lefts desire all along. President Obama wants to run against a do nothing Congress and […]
In the 1990s Canada was in dire straits. Its spending outstripped revenues, its credit rating was being downgraded and bold action was required to get Canada’s economy to where it is today, the envy of the G8. Chretien, to his credit, took bold action and says of the state of Canada’s finances back then “We […]
Washington (Nov 21) Washington (Nov 21) House Speaker John Boehner (R-OH) issued the following statement on the announcement by Joint Select Committee on Deficit Reduction co-chairs Jeb Hensarling (R-TX) and Patty Murray (D-WA): “While I am disappointed, the House will forge ahead with the commitments we have made to reducing government spending and removing barriers […]
Another credit downgrade is in the works in the likely event that the super committee punts on reining in spending and reducing debt. via Moodys ready to downgrade US if committee fails – YouTube.
There is some speculation that the White House wants the Super Committee to fail so that the President can continue his Campaign stump speech that the Congress is a “Do Nothing” entity and “we can’t wait” for them to act. The Presidents entire effort to get re-elected is that he says he will act without […]