Paul Ryan Looks Ready To Throw In The Towel
July 14, 2011
This is the big chip I've been waiting to see fall into place: "I don't want to go to [McConnell's plan] yet. I'm not trying to evade it, but I want to cut spending, and I don't want to give up on spending cuts. Because if I start saying 'yeah, I'll take [the McConnell deal],' then we're giving up on spending cuts. I'm not a fan of the idea. I understand the merits -- the pros and cons -- of the idea. It has a fairly cool reception around here. But I want to get as many spending cuts as I can." Sounds like he wants to hold out but is waiting for the inevitable. I wonder -- pure speculat
Obama tells Cantor 'Enough.' Does He Mean It?
July 14, 2011
Last night President Obama finally said to the Republicans what many of his supporters have been thinking for many weeks now: “Enough.” With Republicans refusing once again to accept any new revenue as part of a deficit reduction deal and House Majority Leader Eric Cantor (according to some sources) interrupting the president to propose, for the third time, passing only a stopgap increase in the debt ceiling, Obama reportedly told Cantor that he’d veto such a bill – and that he was prepared to “take it to the American people.” Via multiple media accounts, Obama went on to lecture Cantor about
The Debt Negotiations Are Getting Awkward
July 13, 2011
This means... something. I just don't know exactly what: Since pulling the plug on the deal, Boehner has been largely silent in the meetings, leaving House Majority Leader Eric Cantor (R-Va.) to present details of the House’s position.
Eric Cantor's Gibberish
July 08, 2011
Eric Cantor reacts to the jobs report: "Just look at the jobs report today," Cantor added. "I cannot fathom how anybody, how anyone thinks right now is a good time to raise taxes. Who thinks that raising taxes on individuals and small businesses can help create jobs?" I just want to point out again that there is literally no economic theory consistent with Cantor's argument. I wrote a TRB column last year explaining this fully.
Why The Big Budget Deal Won't Happen
July 08, 2011
Because conservatives won't go for it: Mr. Obama, seated between Mr. Boehner and the Senate majority leader, Harry Reid of Nevada, told the lawmakers he would not sign an interim deal, only one that extended through the 2012 election. Then he surveyed the eight leaders about their preference for three deals of different sizes — the largest being up to $4 trillion in deficit reduction over the next decade, according to aides briefed on the discussion. Six of the eight expressed their support for the biggest deal, the aides said.
More Medicare Cuts, Cont'd
June 27, 2011
Are Democrats about to get behind more Medicare cuts, as part of a deal to reduce the deficit? Sam Stein of the Huffington Post says it’s a distinct possibility. The latest clue is a statement by Senate Finance Chairman Max Baucus, made after House Majority Leader Eric Cantor announced he was withdrawing from the bipartisan debt ceiling talks: I think we should stay at the table. I think we should keep working, difficult as it is, and try to balance between Medicare cuts—additional Medicare cuts—so long as there is commensurate additional revenue.
How Not to Create Jobs
June 10, 2011
Congress wants to focus on jobs. Hooray! And that means focusing even harder on deficit reduction. Hooo--wait, what? The Washington Post's Lori Montgomery explains in her article about the ongoing, bipartisan talks over the debt ceiling: “The news on the economy and on the jobs front of the last several days, I think, underscores the importance of this meeting we just came out of,” House Majority Leader Eric Cantor (R-Va.) said after emerging from the talks at the U.S. Capitol.
Debt Ceiling Deal Moving Forward?
June 06, 2011
This sounds like an important clue from Eric Cantor: House Majority Leader Eric Cantor (R., Va.), speaking at a Friday press conference, said Republicans needed to "see some will" on the part of the Obama administration to meet GOP demands. "I can tell you that everything is on the table, other than raising taxes on the people we need to help create jobs," Mr. Cantor said. What's the clue, you say? Cantor didn't rule out raising taxes there. He just ruled out raising taxes "on the people we need to help create jobs" -- i.e., rich people.
GOP to Obama: Stop Scaring Seniors. That's Our Job.
June 02, 2011
At a closed door meeting about the budget on Wednesday, House Republican leaders reportedly got testy with President Obama over his portrayals of their Medicare plan.
From A.Q. Khan to … DSK?
May 27, 2011
One of the most striking changes to Newsweek in recent months has been the influx of celebrity authors. The current issue alone contains contributions from Gordon Brown, Cindy McCain, Betty White, and A.Q.