I guess I’m supposed to be excited by the fact that the Senate leadership used the Catfood Commission II as a carrot to get their caucus to sign onto the debt deal. Three Republican Senate sources tell TWS that senators who vote against the deal will be ineligible to serve
John Boehner says that he got 98% of what he wanted out of the debt limit fight. The only thing I can conceivably think of that he didn’t get was an additional hostage-taking situation over the debt limit. But those are in great supply in Washington. First, Boehner and the
I mentioned yesterday that one of the overlooked consequences of this debt deal is the timing. It came one week before recall elections in Wisconsin that actually represent the best of the progressive movement and a backlash against the forces that won a landslide in 2010. Consider what happened there.
Among the silver linings in this deal, progressives are told, are that it makes real and thoroughgoing cuts to the defense budget. The Pentagon is supposed to be one of the big losers in the deal. This was the President’s unwavering vow, according to the obligatory Politico tick-tock. And yet,
Add another $1.2 billion in lost revenue to the contracting fiscal policy we’re embarking on in the midst of a low-growth jobs crisis. After passing the debt limit deal today in the Senate, Congress plans to take a vacation for a month. That’s despite some unfinished business. The FAA is
We’re starting to get the hard numbers on what the debt limit deal, which passed the House yesterday and will pass the Senate today, would mean for the US economy. It’s really not pretty. Since only a cockeyed optimist would think that fiscal policy is going to be get better