It’s hard to understand why President Obama took to the airwaves tonight at prime time. He still has no plan for dealing with government overspending and overborrowing, and he gave the nation very little except a repetition of his never-ending call for tax hikes. In noting the risk of ever-increasing …
Conservatives have a clear objective: Debt limit legislation should drive down federal spending on the way to a balanced budget, while preserving the ability to protect America, and without raising taxes. The plan suggested by Speaker of the House John Boehner fails to meet that objective — indeed, it sets …
Want some perspective on the debt ceiling negotiations and calls for tax increases in exchange for spending cuts? You might want to consider a cautionary tale dating back to 1982 when President Ronald Reagan agreed to a deficit-reduction compromise—and a result he didn’t bargain for. Former Attorney General Edwin Meese …
In an accidental moment of honesty, White House Deputy Press Secretary Dan Pfeiffer today admitted on Twitter that President Obama will likely sign any debt deal Congress sends his way. This revelation came in an exchange with Stephen Gutowski, the blogger known as The College Politico. Gutowski asked Pfeiffer: “Do …
This week, Representative Buck McKeon (R–CA), chairman of the House Armed Services Committee, released a memorandum to Republicans on the committee. He appropriately criticized the “Gang of Six” budget outline from the Senate for its possible negative consequences for national security. Since the Gang of Six proposal is nothing more …
The recently rekindled Gang of Six presented its $3.7 trillion deficit-reduction plan to Senate colleagues yesterday. As the debt-limit deadline approaches, the six senators are hoping to gain support. “We told our colleagues this morning that we want to hear from them in the next 24 hours,” Sen. Kent Conrad (D-ND) …
