After not being in session for over a week (when do these guys actually WORK?) our Congressmen and women are returning this week (of course, Monday, like Friday, is a travel day … when do these guys actually WORK?) and are going to take on the debt limit.
Geithner, the Treasury Secretary, says that the debt limit has to be raised in May or we will default on our debt payments by July. That will destroy our credit rating and make it impossible to borrow money which the country needs to survive.
Some Republicans don’t agree, however, as was made clear on yesterday’s talking head shows.
“The debt limit doesn’t really mean anything because we’ve always extended it. The Treasury secretary has the ability, even if this debt limit is not extended, to continue to pay interest on our loans. The idea that this is catastrophic is wrong — what is catastrophic is to continue to spend money we don’t have.”
And Coburn is a well-known economist..what? He isn’t? Sorry.
Representative Joe Walsh (R-Illinois) on Face The Nation:
“Over the course of those few months when the debt ceiling wasn’t raised, Armageddon didn’t hit, the government paid its bills — we’ve got enough government revenues to certainly pay, to service all of our debt. And the administration knows that. The administration’s got to get serious and recognize that we’re not just going to give them a vote to raise the debt ceiling unless they fundamentally change the way this city works.”
Walsh, as you may know, is actively campaigning to extend the Bush tax cuts… is that how we get enough money to pay the debts? Don’t think so.
It’s interesting that, during the Bush administration, that when the debt ceiling was raised 7 times, no Republican objected or said ANYTHING (when do these guys actually WORK?). That shows their collective economic knowledge must have been recently earned… perhaps they read about it in a magazine.
- Republicans Downplay Urgency Of Raising Debt Ceiling (huffingtonpost.com)
- GOP’s Kirk: Attach deficit plan to debt increase (cbsnews.com)
- Republicans Skeptical on Raising Debt Limit (blogs.wsj.com)
- Coburn: S&P downgrade a “warning shot across our bow” (thehill.com)
- Geithner Calling GOP’s Bluff? Secretary Says Congress Will Vote to Raise Debt … (foxnews.com)
- Geithner: ‘Congress Will Raise the Debt Ceiling’ – Fox News (news.google.com)
- World turns its attention on the U.S. debt problem. (genomega1.wordpress.com)
When the Senate passed the 9/11 First Responders Bill yesterday it was over 6 Billion Dollars lower than it was originally proposed… primarily because the funding now ends in 2016 instead of 2031… due to Senator Tom Coburn.
Coburn vowed to block the 9/11 First Responders bill, saying he wanted it to be funded through spending cuts. He also claimed the bill had been fast-tracked and skipped committee (but, in fact, the Senate Committee on Health, Education, Labor and Pensions held a hearing on the bill in June — Coburn, a committee member, missed it.)
And then two major things happened that shined the light on Republicans in an embarrassing way: Jon Stewart used a whole evening of The Daily Show not to joke, but to interview New York police, fire and other officials who suffered from the physical affronts that effect first responders; and then a large number of those responders swarmed into Coburn’s office:
As John Feal, head of the First Responders, said:
“Mr. Coburn should be ashamed of himself, because I think before he was a senator he was a doctor and he took an oath to help people that are sick. He’s going against his oath as a doctor. He can vote any way he wants as a senator, but as a doctor, he just embarrassed the medical profession.”
Apparently all the Republicans were so embarrassed that the revised bill got 100% support. Mitch McConnell even made a public appearance to say that they were all for the bill before they were against it (well he had to say something).
This became one of Obama‘s big wins yesterday and Mitch McConnell must have suffered through the press conference the President held in the afternoon which certainly pointed a finger at the Republican opposition.
- Shep Smith Calls Out Sen. Coburn Over His Threat To Block 9/11 First-Responders Bill (mediaite.com)
- Shep Smith Zeroes In On Tom Coburn For Opposing 9/11 First Responders Bill (alternet.org)
- Santa to Graham, Coburn and McCain: You’re being naughty little boys (crooksandliars.com)
- Passage of 9/11 First Responders’ Bill Is a Victory for Tom Coburn (themoderatevoice.com)
- Senate Should Get It Together, Vote on 9/11 Health Care Bill (fdlaction.firedoglake.com)
Then again, I’ve never thought much of Inhofe.
Or, for that matter, Republicans in general.