Category Archives: John Boehner
Congress has a penchant for passing toothless legislation, especially as it affects them. The STOCK Act is no exception. STOCK stands for Stop Trading on Congressional Knowledge. There is enthusiasm for such a law.
Fervor over insider trading on Capitol Hill reached a peak last fall following the airing of a “60 Minutes” segment questioning whether lawmakers including House Minority Leader Nancy Pelosi (D-CA) and Speaker John Boehner (R-OH) made investments based on their knowledge of legislative activity to which they would be privy.
John Boehner can take a hit on this one too. You know that wonderful payroll tax cut? Guess who’s going to pay for it?
Just before Christmas, American workers got a rare gift from Washington politicians – the current payroll tax cut would be extended for two more months.
President Obama gave another speech this morning, this time announcing his deficit reduction class warfare plan:
President Obama called on Monday for Congress to adopt his “balanced” plan combining entitlement cuts, tax increases and war savings to reduce the federal deficit by more than $3 trillion over the next 10 years, and said he would veto any approach that relied solely on spending reductions to address the fiscal shortfall.
Last night our lawmakers got a deal done to balance the budget and raise the debt limit. A powerpoint was released by Boehner’s officer:
But here are the highlights from Jake Tapper:
- More than $900 billion in deficit reduction over 10 years through discretionary spending caps . $350 billion of that comes from the Pentagon;
- Debt limit increased by at least $2.1 trillion — through 2013…see below for more on how that happens;
As we all know, Boehner’s plan was shelved last night due to enough opposition from enough House Republicans to kill the bill:
Just said by Kentucky Senator Rand Paul said to Sean Hannity on Fox in live interview. If Paul is right — that there are as many as 10-14 GOP Senators who may vote against Boehner, which another report says is at this minute being “tweaked” to get conservative votes in the House — the Boehner plan as is known at this second is dead for sure.
Talks broke down on the debt deal…again, and we all know why. The Democrats were upset about the deal Obama was about to make so at the last minute he moved the goal posts and expected the Republicans to cave. Didn’t happen:
[Boehner] said the two sides had agreed on an unspecified amount of revenue to be included in deficit reduction, achieved by broadening the number of Americans who pay taxes and lowering general tax rates. But he said President Obama on Thursday demanded another $400 billion in revenue, which Boehner said “was going to be nothing more than a tax hike on the American people.”
So Obama’s 3rd press conference in 17 days is over and absolutely nothing was learned, once again. No specifics, just a rehash of his last two press conferences.
If this was his idea of “going to the American people” then he failed miserably. Continue reading
It’s no wonder we’re so screwed.
Barack Obama has decided that he is the king of the United States and Republicans are in meek compliance. Obama unilaterally took us to war in Libya on a false premise. Libya was never an imminent threat. Obama invoked the War Powers Act in defense of his actions but now that the 60 days has passed Obama simply declared that he will simply not abide by the law. Continue reading
With soaring fuel prices, ever increasing inflation, the world’s rejection of our dollar as its standard, record unemployment, America’s continued reliance on foreign energy when we could be exporting energy, and the loss of America’s credit rating, there are opportunities to score major political points with the American public. A group of people are staggering from the economic turmoil and effects of the Obama policies; while waiting for Obama’s mythical Green Energy policies to rescue them from unemployment and welfare dependency.
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Under the control of Democrats the budget of the United States has grown by a trillion dollars in the last few years.
Obama and the Democrats have exploded federal spending. They have a two pronged effort to ruin this country underway- one is to irretrievably bury us in debt and the second is simple denial. Continue reading