Fiscal cliff and tax hike stalemate, Grover Norquist warns of Tea Party ...

Deep cuts, no tax rise; White House says no : Photo Gallery

White House warns consumer spending in Oregon could fall $2.5 ... White House warns consumer spending in Oregon could fall $2.5 ... WASHINGTON – The White House	Top U.S. Republican says no progress in budget talks | Firstpost Top U.S. Republican says no progress in budget talks | Firstpost Boehner said White House	Yeshiva World News - Frum Jewish News Yeshiva World News - Frum Jewish News Top U.S. Republican Says No	Barbara Yaffe: Politics will continue to prevent economic rescue ... Barbara Yaffe: Politics will continue to prevent economic rescue ... the White House recently.
White House Data Debunk Myth Bush Tax Cuts Exploded The Deficit ... White House Data Debunk Myth Bush Tax Cuts Exploded The Deficit ... Obama said: "What I'm not	Blogs - Yahoo! News Blogs - Yahoo! News Republican House Speaker John	Market Recap: Worst Day of 2012 for Stocks | TheBlaze. Market Recap: Worst Day of 2012 for Stocks | TheBlaze. That's no easy task for a	US futures rise as companies post strong earnings : Madisondotcom US futures rise as companies post strong earnings : Madisondotcom White House in Washington.
Obama's Middle Class Tax Scam | ZeroHedge Obama's Middle Class Tax Scam | ZeroHedge It should come as no surprise	It's not just taxes: Benefit cuts divide Democrats | Politics ... It's not just taxes: Benefit cuts divide Democrats | Politics ... 27, 2012, photo, White House	Quinn calls for deep cuts to Medicaid, wants cigarette tax increase Quinn calls for deep cuts to Medicaid, wants cigarette tax increase Quinn calls for deep cuts to	Liberals double down: No entitlement cuts - Salon. Liberals double down: No entitlement cuts - Salon. down: No entitlement cuts
It's not just taxes: Benefit cuts divide Democrats - WTOP. It's not just taxes: Benefit cuts divide Democrats - WTOP. It's not just taxes: Benefit	Obama confident fiscal cliff can be averted; U.S. can't afford ... Obama confident fiscal cliff can be averted; U.S. can't afford ... insist that tax rates not	Yes, We Have No Carbon Tax | Streetsblog Capitol Hill Yes, We Have No Carbon Tax | Streetsblog Capitol Hill A carbon tax could finally put	r-OBAMA-NEW-HAMPSHIRE-PAYROLL- ... r-OBAMA-NEW-HAMPSHIRE-PAYROLL- ... White House in Washington,
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DEEP CUTS, NO TAX RISE; WHITE HOUSE SAYS NO DEEP CUTS, NO TAX RISE; WHITE HOUSE SAYS NO House GOP counters Obama's fiscal plan. Deep cuts, no tax rise; White House says no. By Matt Viser. | Globe Staff. December 03, 2012. Article · Graphic · Comments · Subscribe. House Speaker John Boehner. J. SCOTT APPLEWHITE/AP. “What we're putting ...	Here's the path around the fiscal cliff Here's the path around the fiscal cliff As we have seen from the pitched battle between the White House and the Republican House leadership, finding the right balance between tax increases and spending cuts is not easy. The guiding principle for both sides, however, ... the hatches and ...	Defense Industry Warms to Revenue Increase Defense Industry Warms to Revenue Increase Industry executives say there is a growing recognition that spending on national security—which represents about one-fifth of the federal budget—won't be insulated from a broader deal that could raise taxes and slash benefits for the poor and elderly ...	Closing Tax Loopholes Easier In Theory Than In Political Practice Closing Tax Loopholes Easier In Theory Than In Political Practice "It's nice. It's comfortable. But it's not like we're just swimming in space. Or we have a swimming pool or something like that," he says. The Maryland house did come with one extra feature: a pretty hefty property tax bill. "Property taxes for my home ...
Toomey calls Obama fiscal cliff plan "not serious" Toomey calls Obama fiscal cliff plan "not serious" Pat Toomey rejected Monday the idea that Congress could extend middle class tax cuts right away while negotiations on other tenants of the fiscal cliff debate continue, and accused President Obama of not offering Congress a "serious proposal." ... the ...	Saying Sandy cost up to $50 billion, NY gov. asks Congress for aid Saying Sandy cost up to $50 billion, NY gov. asks Congress for aid After meeting White House aides, House of Representatives Speaker John Boehner and other congressional leaders, Cuomo said Boehner wanted a supplemental spending bill on Sandy costs passed by the end of the year. Congressional aides said there has been ...	'Fiscal cliff' and tax hike stalemate, Grover Norquist warns of Tea Party ... 'Fiscal cliff' and tax hike stalemate, Grover Norquist warns of Tea Party ... 'Fiscal cliff' talks a stalemate over tax hikes: “As the White House and Republican leaders enter the final month of negotiations to avoid a year-end “fiscal cliff,” both sides struck an uncompromising tone Sunday, as warnings mounted that they will be ...	The To Do List For Rebuilding the U.S. Economy The To Do List For Rebuilding the U.S. Economy Growth without jobs is deadly. To revive the economy, policymakers need to do more than just kick-start growth. They must target job-creation specifically. They can begin by following the emerging research that specifies which sorts of jobs don't ...
White House warns consumer spending in Oregon could fall $2.5 billion without ... White House warns consumer spending in Oregon could fall $2.5 billion without ... WASHINGTON – The White House warned Wednesday that consumer spending in Oregon could fall by $2.5 billion if Congress does not move to block a tax increase for middle class families in the state. ... The timing is no accident. Consumer spending has ...	Fiscal cliff negotiators are facing high hurdles Fiscal cliff negotiators are facing high hurdles WASHINGTON -It's entirely possible that lawmakers and the White House will reach a deal that staves off an avalanche of tax increases and deep cuts in government programs before a Jan. 1 deadline. To do so, however, they'll have to resolve deep ...	"Fiscal cliff" clock ticks, political battle rages "Fiscal cliff" clock ticks, political battle rages In addition to $600 billion in cuts, which Geithner said includes minor changes to Medicare benefits for the wealthy in addition to reductions in farm subsidies, they pointed to $1 trillion of spending cuts Democrats agreed to support last year without ...	'Fiscal cliff' and tax hike stalemate, Grover Norquist warns of Tea Party ... 'Fiscal cliff' and tax hike stalemate, Grover Norquist warns of Tea Party ... 'Fiscal cliff' talks a stalemate over tax hikes: “As the White House and Republican leaders enter the final month of negotiations to avoid a year-end “fiscal cliff,” both sides struck an uncompromising tone Sunday, as warnings mounted that they will be ...
Black Women's Agenda Supports President's Proposal For Avoiding The "Fiscal ... Black Women's Agenda Supports President's Proposal For Avoiding The "Fiscal ... The fiscal cliff is the result of Congress and the White House's inability to reach an agreement on expiring tax cuts and reducing the national debt. With no break in the impasse, the terms of the Budget Control Act of 2011 require automatic cuts in ...	Closing Tax Loopholes Easier In Theory Than In Political Practice Closing Tax Loopholes Easier In Theory Than In Political Practice "It's nice. It's comfortable. But it's not like we're just swimming in space. Or we have a swimming pool or something like that," he says. The Maryland house did come with one extra feature: a pretty hefty property tax bill. "Property taxes for my home ...	'Don't touch entitlements' pledge sparks new debt debate 'Don't touch entitlements' pledge sparks new debt debate DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT ... The white house has already said ...	WECT TV6-WECT.com:News, weather & sports Wilmington, NC White House ... WECT TV6-WECT.com:News, weather & sports Wilmington, NC White House ... What once was the world's No. 2 biggest tree has been supplanted thanks to the most...More >>. Deep in the Sierra Nevada, the famous General Grant giant sequoia tree is suffering its loss of stature in silence. What once was the world's No. 2 biggest ...

Deep cuts, no tax rise; White House says no : Videos

Romney Crying Uncle "Obama not playing fair" Romney Crying Uncle "Obama not playing fair" Obama: A president ready for a showdown. President Obama started his first term with a bang, simultaneously engineering an auto industry rescue ... Rated: 4.5384617     Duration: 574 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sat, 18 Aug 2012 03:04:46 PDT	Obama warns of "Scrooge" Christmas without tax-cut extension Obama warns of "Scrooge" Christmas without tax-cut extension Barack Obama has warned of a "Scrooge Christmas" unless Republicans in Congress pass a bill to prevent income tax going up for tens of ... Rated: 5     Duration: 144 seconds     Video type: YouTube     Hosted by: www.youtube.com on Fri, 30 Nov 2012 12:55:30 PST	Debt Ceiling Deal All Cuts No Taxes Debt Ceiling Deal All Cuts No Taxes Tom Ferguson: The debt ceiling deal is essentially a republican policy Rated: 4.6769233     Duration: 718 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 01 Aug 2011 02:35:44 PDT	Debt Limit Talks Show Deeper Debate on Governments Duties Debt Limit Talks Show Deeper Debate on Governments Duties This is the VOA Special English Economics Report, from voaspecialenglish.com | http Anyone who has ever borrowed money can relate to the debate ... Rated: 4.7894735     Duration: 240 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 16 Aug 2011 13:47:26 PDT
Obama BACK TO WORK Facing Fiscal Cliff - GOP Fight Over Romney Loss Obama BACK TO WORK Facing Fiscal Cliff - GOP Fight Over Romney Loss control of the House, leaving Boehner able to block legislation from Obama's White House and the Democratic-controlled Senate. There appears ... Rated: -1     Duration: 186 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 08 Nov 2012 09:26:05 PST	12000 People Go Gaga Over KeyStone 12000 People Go Gaga Over KeyStone some lines in there about, "We want to get tax rates down, not only for individuals but for businesses." So Obama and the White House ... Rated: 4.75     Duration: 136 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sat, 17 Dec 2011 00:25:44 PST	Debt Commission Crazy Cuts - MSNBC w/ Cenk Debt Commission Crazy Cuts - MSNBC w/ Cenk Cenk Uygur (host of The Young Turks) hosting MSNBC Live speaks with Adam Green of the PCCC about the Deficit Commission's first proposal. Rated: 4.876543     Duration: 344 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 11 Nov 2010 19:06:00 PST	The Heritage Foundation Responds to White Houses Austan Goolsbee The Heritage Foundation Responds to White Houses Austan Goolsbee The White House recently released a very misleading video discussing the 2001/2003 tax relief. Austan Goolsbee, Chair of the Council of Economic ... Rated: 3.3092782     Duration: 196 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 06 Oct 2010 13:11:48 PDT
Obama On Tax Cuts - Nothing Changes Obama On Tax Cuts - Nothing Changes pushbacknow.net obama has always betrayed him self with his own words... He is a liar... Democrats are not concerned about the Middle Class, they ... Rated: 3.8235295     Duration: 94 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 09 Dec 2010 23:10:48 PST	Weekly Address: Priorities on Taxes Weekly Address: Priorities on Taxes President Obama lays out his priorities for the coming discussion about tax cuts. Rated: 4.6991644     Duration: 225 seconds     Video type: YouTube     Hosted by: www.youtube.com on Fri, 05 Nov 2010 10:40:49 PDT

Deep cuts, no tax rise; White House says no : Latest News, Information, Answers and Websites

Fiscal cliff: White House steps up pressure on GOP to reach a deal ...

Nov 26, 2012 ... White House economists warn that unless Congress extends expiring middle- class tax cuts 'without delay,' consumer ... The “fiscal cliff” refers to the $607 billion in tax increases and deep spending cuts that ... Mr. Krueger says the White House economic team calculated that if taxes rise on the middle class, ...

White House now wants debt ceiling increase without spending cuts in

MARKET WATCH – House Speaker John Boehner's hard line on increasing the debt ceiling in the fiscal-cliff negotiations is “deeply irresponsible,” White House spokesman Jay Carney said Thursday. Responding to ... Carney said. So basically they want tax increases on the wealthy and an increase in the debt ceiling, and they are only offering their word that they will deal with the other stuff next year. ... Don't go off the deep end yet this might just be the kicker. I'll give ...

Despite GOP scoffing, Geithner holds firm on taxes - CBS News

1 day ago ... But, he added, "there is no way we can get to a balanced plan that puts us ... Despite the grim outlook from House Speaker John Boehner, ... to extend the Bush-era tax cuts for all Americans or only those making less than $250,000 a year. ... increase in tax rates on the wealthiest Americans," Geithner said.

Senate Leaders See Path To Advert Mandatory Cuts

WASHINGTON -- Senate leaders are closing in on a path for dealing with the fiscal cliff facing the country in January, opting to try to use a postelection session of Congress to reach agreement on a comprehensive deficit reduction deal rather than a short-term solution. Senate Democrats and Republicans remain far apart on the details, and House - Bipartisan group of senators is coalescing around an ambitious three-step process to avert a series of automatic tax increases and deep spending cuts facing the country in January 2013; group is opting to try for a post-election session of Congress to reach agreement on a comprehensive deficit reduction deal rather than a short term solution. Photo (M) - By JONATHAN WEISMAN

Isnt it nice to know one party is sticking up for the little guy?

and has some spine for a change???? WASHINGTON (AP) — President Barack Obamas re-election has stiffened Democrats spine against cutting popular benefit programs such as Medicare and Social Security. Their new resolve could become as big a hurdle to a deal that would skirt crippling tax increases and spending cuts in January as Republicans resistance to raising tax rates on the wealthy. Just last year, Obama and top Democrats were willing during budget negotiations with Republicans to take politically risky steps such as reducing the annual inflation adjustment to Social Security and raising the eligibility age for Medicare. Now, with new leverage from Obamas big election victory and a playing field for negotiations that is more favorable in other ways, too, Senate Majority Leader Harry Reid and other Democrats are taking a harder line. "Ive made it very clear. Ive told anyone that will listen, including everyone in the White House, including the president, that I am not going to be part of having Social Security as part of these talks relating to this deficit," Reid, D-Nev., told reporters. Reids edict would appear to take a key proposal off the table as an ingredient for a deal on avoiding the "fiscal cliff," the year-end combination of expiring President George W. Bush-era tax cuts and harsh across-the-board spending cuts. At issue is the inflation adjustment used by the government to calculate cost-of-living adjustments for Social Security and other federal programs. A less generous inflation measure that takes into account consumers finding alternatives when prices go up could reduce deficits by more than $200 billion over the next decade. Its a no-brainer for many budget wonks because it means gradual, less noticeable curbs to the growth of benefits. It also means about $70 billion more tax revenues over 10 years because automatic rises in tax brackets to account for inflation would be smaller. That new inflation index, known as chained Consumer Price Index, is a magic elixir for budget writers. But its anathema to many liberals, who say that moving to the new cost-of-living measure could cut average retiree benefits by about $600 a year a decade after taking effect and mean a cut of about $1,000 a year after 20 years. "Think about it this way. Youre standing on the deck of a boat and youre in very deep water and they want you to swim, but theyre going to put a log chain around your ankle," Sen. Tom Harkin, D-Iowa, told a group of liberal activists assembled for a rally Thursday in a Senate hearing room. "Thats chained CPI."
Answer: i toats agree answer mine? http://answers.yahoo.com/question/index;_ylt=AroqMK8S6OSvvVPKMmDbFXwJ53NG;_ylv=3?qid=20121117192506AAPAA0q
Category: Politics

Here's the path around the fiscal cliff | Nicholas Wapshott

12 hours ago ... As we have seen from the pitched battle between the White House and the ... The 17 eurozone countries are deep in recession with joblessness at more than 11 ... If tax cuts are not extended, demand in the economy will slump, ... laid off, public spending on the unemployed and their families will increase, ...

Northeast, South, Midwest, West

Alabama As expected, Republicans dominated the major races on Tuesday in this reddest of states, where Mitt Romney easily won the presidential race. All seven of the state’s Congressional incumbents — six Republicans and one Democrat — won new terms. And the last Democrat in statewide office in Alabama, Lucy - By THE NEW YORK TIMES; These articles were reported and written by Ken Belson, Patricia Cohen, Steven Greenhouse, Peter Lattman, Ian Lovett, Robert Pear, Richard Peréz-Peña, Ray Rivera, John Schwartz and Stephanie Strom.

Michael Tomasky - The Daily Beast

17 hours ago ... And having individual Republicans toss out ideas is not the same as ... departure from the White House November 30, 2012 in Washington, DC. ... default if the administration doesn't go along on deep spending cuts. .... If Republicans are going to agree to a deficit reduction bill containing a big tax increase ...

Geithner: White House Willing To Go Over The Cliff If Republicans ...

Geithner said that, if Republicans refused to back off their insistence that tax rates not be increased, a deal was unlikely and the nation will go over the cliff. ... Geithner made it clear that opposition among Republicans in Congress to an increase in tax rates was a non-starter. He said ..... (It would be fun to see the white house defend all the WARN act lawsuits and explain to Seniors how a cut in the Medicare doctor reimbursement rate is not a actually a cut in benefits.) ...

Who is reporting this legitimate question: What is your reaction to the New York Times editorial about Palin?

September 13, 2008 Editorial Gov. Palin’s Worldview As we watched Sarah Palin on TV the last couple of days, we kept wondering what on earth John McCain was thinking. If he seriously thought this first-term governor — with less than two years in office — was qualified to be president, if necessary, at such a dangerous time, it raises profound questions about his judgment. If the choice was, as we suspect, a tactical move, then it was shockingly irresponsible. It was bad enough that Ms. Palin’s performance in the first televised interviews she has done since she joined the Republican ticket was so visibly scripted and lacking in awareness. What made it so much worse is the strategy for which the Republicans have made Ms. Palin the frontwoman: win the White House not on ideas, but by denigrating experience, judgment and qualifications. The idea that Americans want leaders who have none of those things — who are so blindly certain of what Ms. Palin calls “the mission” that they won’t even pause for reflection — shows a contempt for voters and raises frightening questions about how Mr. McCain and Ms. Palin plan to run this country. One of the many bizarre moments in the questioning by ABC News’s Charles Gibson was when Ms. Palin, the governor of Alaska, excused her lack of international experience by sneering that Americans don’t want “somebody’s big fat résumé maybe that shows decades and decades in that Washington establishment where, yes, they’ve had opportunities to meet heads of state.” We know we were all supposed to think of Joe Biden. But it sure sounded like a good description of Mr. McCain. Those decades of experience earned the Arizona senator the admiration of people in both parties. They are why he was our preferred candidate in the Republican primaries. The interviews made clear why Americans should worry about Ms. Palin’s thin résumé and lack of experience. Consider her befuddlement when Mr. Gibson referred to President Bush’s “doctrine” and her remark about having insight into Russia because she can see it from her state. But that is not what troubled us most about her remarks — and, remember, if they were scripted, that just means that they reflect Mr. McCain’s views all the more closely. Rather, it was the sense that thoughtfulness, knowledge and experience are handicaps for a president in a world populated by Al Qaeda terrorists, a rising China, epidemics of AIDS, poverty and fratricidal war in the developing world and deep economic distress at home. Ms. Palin talked repeatedly about never blinking. When Mr. McCain asked her to run for vice president? “You have to be wired in a way of being so committed to the mission,” she said, that “you can’t blink.” Fighting terrorism? “We must do whatever it takes, and we must not blink, Charlie, in making those tough decisions of where we go and even who we target.” Her answers about why she had told her church that President Bush’s failed policy in Iraq was “God’s plan” did nothing to dispel our concerns about her confusion between faith and policy. Her claim that she was quoting a completely unrelated comment by Lincoln was absurd. This nation has suffered through eight years of an ill-prepared and unblinkingly obstinate president. One who didn’t pause to think before he started a disastrous war of choice in Iraq. One who blithely looked the other way as the Taliban and Al Qaeda regrouped in Afghanistan. One who obstinately cut taxes and undercut all efforts at regulation, unleashing today’s profound economic crisis. In a dangerous world, Americans need a president who knows that real strength requires serious thought and preparation. EDIT: No Cherry Pop Tart, a rant is a "A wild, incoherent, emotional articulation; An exposition written, or more often oral, where emotionality supersedes rationality. Its purpose is a call to action, often identifying a target for ire and a path to resolution." I asked you to respond to an editorial from a very reputable newspaper. EDIT: Claudiacake: Yes, everyone has opinions but they are valid only to the extent that they are based on facts. It is arbitrary to say otherwise. maddog_1: Actually, Obama is very experienced and is responsible for much legislation as a U.S. Senator for four years and a State Senator for eight. He also accomplished great things as a community organizer: helping set up a job training program, a college preparatory tutoring program, and a tenants rights organization. And of course, he taught constitutional law for twelve years and was editor of the Harvard Law Review. It is entirely necessary to discuss Sarah Palin since she will be next in line to the presidency and since McCain is elderly and in ill health.
Answer: An "editorial" is the editor's opinion. That's what I think it is....one person's opinion. And you know what they say about opinions.
Category: Elections

Fact Sheet: Bipartisan Debt Deal: A Win for the ... - The White House

The President did not agree to any entitlement reforms outside of the context of a bipartisan committee process where tax reform will be on the table and the ... President authorized to increase the debt limit by at least $2.1 trillion, eliminating ... even as it protects core investments from deep and economically damaging cuts.

What is the tenure of president ship of American president ...?

American will you choose Mr OBAMA for next tenure.....
Answer: Four Years. But Obama himself feel he is in crisis to face the setbacks in his term. Please read the article: ___________________________________________ +++++++++++++++++++++++++++++++++++ +++++++++++++#######+++++++++++++++++ +++++++++++############+++++++++++++++ ++++++++++###############+++++++++++++ +++++++++#####++++++++###++++++++++++ ++++++++###++++++++++++###+++++++++++ ++++++++##++++++++++++++###++++++++++ +++++++##+++++++++++++++####+++++++++ +++++++#+++++++++++++++++###+++++++++ ++++++##+++++++++++++++++####++++++++ ++++++#+++++++++++++++##++###++++++++ +++++##++++++++++++############+++++++ +++++##++++++++#+++##+####+####+++++++ +++++##++++#####+++#++#####+####++++++ +++++##+++##+###+++#+++****++####+++++ +++++##+++++#++#+++#+++++++++##++++++ +++++##+++++++++++++#+++++++##+#+++++ +++++#+++++++++++++++#++++++##+#+++++ ++++++#+++++++++++++#++++++####++++++ ++++++##+++++++++++####++++####++++++ ++++++++++++++++++####++++++####+++++ +++++##+#+++++++++++++++++++##+#+++++ +++++#++++++++++++++##++++++####+++++ +++++#++++++++++++######++++##+++++++ +++++#+#+#+++++++##+++#+++++##+++++++ ++++++#++#++++++##+++###++++##+++++++ +++++++#++++++++++++++++++#####++++++ +++++++++#+++++++++++#++++#####++++++ +++++++++++#+++++++++++++############ ++++++++++++#+++++++++++############# +++++++++++++#++++++++############### ++++++++++++++##++++########+######## +++++++++++++#++###########++######## +++++++++++###+++#########++######### ++++++++#######++++######+++######### ++++++#########+++++++##++++######### +++++##########+++++###++++########## +++############+++++#++++++########## ++##############++++#++++++########## ++##############++++++++++########### +###############++++++++++########### +############### ++++ +++++########### +###############++++++#++############ +################+++++#++############ Obama fears for his presidency as debt crisis spreads to U.S. Washington has hit its legal borrowing limit Cross party talks over borrowing deadlocked Bernanke warns U.S. default would be 'calamitous' Fears: U.S. President Barack Obama has been locked in talks with his political opponents over how to tackle a spiralling deficit The debt crisis engulfing Europe threatened to go global last night as the United States faced an unprecedented downgrading of its credit rating. Two leading ratings agencies have warned that the world's largest economy will be stripped of its top-notch score if Washington fails to pay its bills. The U.S. has hit its legal borrowing limit of $14.3trillion (£8.9trillion) and will default on its debts if it does not raise the ceiling by August 2. Barack Obama is said to have admitted the crisis could 'bring my presidency down' during heated negotiations with Republicans, while the head of the U.S. central bank warned a default would be 'calamitous' for the global economy. Mr Obama's Democrats are at loggerheads with Republicans over how to deal with towering debts. Republicans are demanding deep long-term cuts to public spending as part of any deal to raise the borrowing ceiling before the government runs out of money. Democrats have proposed some cuts, as well as higher taxes for the rich – which Republicans vehemently oppose. The deadlock has led ratings agency Moody's to say it may cut the country's AAA debt rating, warning of a 'rising possibility' that a deal will not be struck and the U.S. will be forced to default. Rival agency Standard & Poor's told politicians it too will downgrade the country's credit score if the government fails to make any of its expected payments. Heated discussion: Obama takes part in a meeting with congressional leaders on the budget deficit in the Cabinet Room of the White House yesterday Cross party talks: President Obama with Speaker of the House John Boehner, left, Senate Majority Leader Harry Reid, second right, and Senate Minority Leader Mitch McConnell, right The news came after the escalating debt problem in the eurozone pushed the struggling single currency to a four-month low against the dollar earlier this week. 'Severe shock': US Federal Reserve Chairman Ben Bernanke appears before a Senate Committee hearing A lower U.S. credit rating would cause further havoc in financial markets around the world, as the country's bonds serve as a benchmark for international interest rates. It would also drive up borrowing costs for the country's government and businesses, further harming its economic recovery.
Category: Government

Northeast, South, Midwest, West

Alabama As expected, Republicans dominated the major races on Tuesday in this reddest of states, where Mitt Romney easily won the presidential race. All seven of the state’s Congressional incumbents — six Republicans and one Democrat — won new terms. And the last Democrat in statewide office in Alabama, Lucy - By THE NEW YORK TIMES; These articles were reported and written by Ken Belson, Patricia Cohen, Steven Greenhouse, Peter Lattman, Ian Lovett, Robert Pear, Richard Peréz-Peña, Ray Rivera, John Schwartz and Stephanie Strom.

The Game Is Called Chicken

Almost immediately after the so-called grand bargain between President Obama and the Republican speaker of the house, John Boehner, unraveled last July, the two sides quickly settled into dueling, self-serving narratives of what transpired behind closed doors. In the months that followed, some of Washingtons most connected Democrats and - Matt Bai article provides a full accounting of how the negotiations over historic deal between Pres Obama and Republican House Speaker John Boehner to address Americas debt ended in failure. Drawings (L) - By MATT BAI

Boehner says fiscal talks 'going nowhere,' as Obama warns of ...

3 days ago ... Let's not kid ourselves,” the Ohio Republican said of the talks ... could see their tax rates rise if Congress fails to agree to his plan. ... Timothy Geithner and senior White House aide Rob Nabors to speak separately with congressional leaders from both parties. ... Tom Cole, want deep spending cuts in return.

Obamas Remarks to Newspaper Editors

Following is a transcript of President Obamas speech at The Associated Press luncheon on Tuesday, as released by the White House: Thank you very much. (Applause.) Please have a seat. Well, good afternoon, and thank you to Dean Singleton and the board of the Associated Press for inviting me here today. It is a pleasure to speak to all of you -- and

Geithner: No fiscal cliff deal without tax hikes on two per cent of ...

The fiscal cliff is a combination of deep spending cuts, federally mandated in 2010, and the expiration of the Bush tax cuts. ... The White House “has responded with virtually nothing; they've actually asked for more revenue than they've been asking for the whole time,” he said, adding there is a real chance of the U.S. careening off the cliff as a result. ... The party, however, wants revenues to increase through tax code reform and closing loopholes, not by raising taxes.

White House leaks: Obama willing to go over fiscal cliff | The Daily ...

White House sources are telling Democratic reporters that the president is willing to go over the so-called “fiscal cliff” if GOP leaders don't agree to his demand for higher tax rates on the wealthy without substantive spending ... A political deadlock would mean an automatic tax increase for middle-class and wealthy Americans on January 1, and the opportunity for Obama and the Democrats to push a tax-cutting bill for middle-class voters in 2013, say the White House ...

Is this the end of the road for America ?

By Ambrose Evans-Pilchard, International Business Editor Published: 8:52PM BST 15 Jul 2010 for UK-Telegraph C/P The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 after the Fed confessed that the US economy may not recover for five or six years. Far from winding down emergency stimulus, the bank may need a fresh blast of bond purchases or quantitative easing. Usually the dollar serves as a safe haven whenever the world takes fright, and there was plenty of sobering news from China and other quarters on Thursday. Not this time. The US itself has become the problem. "The worm is turning," said David Bloom, currency chief at HSBC. "Were in a world of rotating sovereign crises. The market seems to become obsessed with one idea at a time, then violently swings towards another. People thought the euro would break-up. Now were moving into a new phase because were hearing alarm bells of a US double dip." Mr Bloom said a deep change is under way in investor psychology as funds and central banks respond to the blizzard of shocking US data and again focus on the fragility of an economy where public debt is surging towards 100pc of GDP, not helped by the malaise enveloping the Obama White House. "The Europeans have aired their dirty debt in public and taken some measures to address it, whilst the US has not," he said. The Fed minutes warned of "significant downside risks" and a possible slide into deflation, an admission that zero interest rates, $1.75 trillion of QE, and a fiscal deficit above 10pc of GDP have so far failed to lift the economy out of a structural slump. "The Committee would need to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably," it said. The economy might not regain its "longer-run path" until 2016. "The Fed is throwing in the towel," said Gabriel Stein, of Lombard Street Research. "They are preparing to start QE again. This was predictable because the M3 broad money supply has been contracting for months." The Fed minutes amount to a policy thunderbolt, evidence of how quickly the recovery has lost steam. Just weeks ago the Fed was mapping out withdrawal of stimulus. Goldman Sachs said it expects the euro to rise to $1.35 by the end of the year. The yen will appreciate to ¥83, through the pain barrier for most of Japans big exporters. The new twist is that SAFE, Chinas $2.4 trillion fund, has begun buying record amounts of Japanese bonds, a shift in reserve allocation away from the dollar. The signs of a deep and sudden slowdown in the US are becoming ever clearer as the "sugar rush" from the Obama fiscal stimulus wears off and the inventory boost fades. California, Illinois and other states are cutting spending, tightening US fiscal policy by 0.8pc of GDP. Thursdays plunge in the Philadelphia Feds July index of new manufacturing orders to –4.3 suggests that the economy may have buckled abruptly, as it did in mid-2008. The Economic Cycle Research Institutes ECRI leading indicator has tumbled, reaching –8.3pc last week. This points to a sharp slowdown or recession within three months. While US port data looked buoyant in June, the details were troubling. Outbound traffic from Long Beach fell from 139,000 containers in May to 116,000 in June. Shipments from Los Angeles fell from 161,000 to 155,000. This drop in exports is worsening the US trade deficit, eroding the dollar. The US workforce has shrunk by a 1m over the past two months as discouraged jobless give up the hunt. Retail sales have fallen for the past two months. New homes sales crashed to 300,000 in May after tax credits ran out, the lowest since records began in 1963. Mortgage applications have fallen by 42pc to 13-year low since April. Paul Dales at Capital Economics said the "shadow inventory" of unsold properties has risen to 7.8m. "The double dip in housing has begun," he said. Alcoa, CSX, Intel, and JP Morgan have reported good earnings, but they mostly did so in July 2008 just before their shares collapsed. Such earnings rarely catch turning points and can be a lagging indicator. Profits have been boosted in this cycle by cost-cutting, which is self-defeating for the economy as a whole. The minutes confirm the Fed is split down the middle over QE. Fed watchers say the Board in Washington wants to be ready to launch another round of bond purchases if necessary, pushing the banks balance sheet from $2.4 trillion towards $5 trillion, but hawks at the regional banks are highly sceptical. A study by the San Francisco Fed said the interest rates need to be –4.5pc to stabilise the economy under the Feds "rule of thumb". Since this is impossible, massive QE needs to make up the difference. Tim Congdon from International Monetary Re
Answer: End of the road? No. End of the American Century? Possibly.
Category: Government

Can someone tell me how a president effects gas prices?

I keep hearing ppl say bush and or Obama Is the reason for it going up.. I just want to know how.
Answer: President Obama failed to diversify our energy supply •First, Interior Secretary Ken Salazar canceled 77 leases for oil and gas drilling in Utah in his first month in office. According to the U.S. Department of the Interior and the Bureau of Land Management, there are 800 billion barrels (a moderate estimate) of recoverable oil from oil shale in the Green River Formation, which goes through Colorado, Utah, and Wyoming. This is three times greater than the proven oil reserves of Saudi Arabia. •Then last summer, President Obama needlessly instituted not one but two outright drilling bans in the Gulf of Mexico. The Energy Information Administration estimates that President Obama’s offshore drilling ban will cut domestic offshore oil production by 13 percent this year. •Last fall, Interior Secretary Salazar announced that the eastern Gulf of Mexico, the Atlantic coast, and the Pacific coast will not be developed, effectively banning drilling in those areas for the next seven years. At least 19 billion barrels of easily recoverable oil lie off the currently restricted Pacific and Atlantic coasts and the eastern Gulf of Mexico. •President Obama has also failed to open the Arctic National Wildlife Refuge, where an estimated 10 billion barrels of oil lie beneath a few thousand acres that can be accessed with minimal environmental impact. Those 10 billion barrels are equivalent to 16 years’ worth of imports from Saudi Arabia at the current rate. want more ...ok Obama administration’s efforts to stifle new energy production, here’s a look at some of the key data points from above: •FEBRUARY 4, 2009 – Just months after President Obama’s Energy Secretary said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” the Obama administration begins “scrapping leases for oil-shale development” and cancels 77 leases for oil and gas production in Utah. Gas is $1.91 a gallon. •MARCH 7, 2009 – ABC News says the White House is closely monitoring the expedited Solyndra loan project even as it was delaying new American energy production that would help make us less dependent on foreign energy. Gas is $1.94 a gallon. •JUNE 27, 2009 - President Obama urges the Senate to adopt House Democrats’ “cap and trade” national energy tax, the same one the president once admitted would cause electricity rates to “necessarily skyrocket.” Then-GOP Leader Boehner later said the bill “would raise electricity prices, increase gasoline prices, and ship American jobs to countries like China and India.” Gas is $2.50 a gallon. •JANUARY 7, 2010 – The Obama administration announces new bureaucratic hurdles to American energy production that Secretary Salazar admitted “could add delays to the leasing and drilling process.” Gas is $2.67 a gallon. •MARCH 31, 2010 – Instead of opening new areas to energy exploration and development, President Obama blocks deep-ocean energy production on 60 percent of America’s Outer Continental Shelf. Gas is $2.80 a gallon. •DECEMBER 1, 2010 – The president re-imposes and expands the moratorium on offshore energy production. Gas is $2.86 a gallon. •JANUARY 2, 2011 – TIME reported that the Obama administration issued the first in a series of regulations on January 2 designed to unilaterally impose a national energy tax. Gas is $3.05 a gallon. •MAY 5, 2011 – The White House issues a formal statement opposing House-passed Restarting American Offshore Leasing Now Act (H.R. 1230) and Putting the Gulf of Mexico Back to Work Act (H.R. 1229), legislation designed to jumpstart American energy production, address rising gas prices, and help create new jobs. Gas is $3.96 a gallon. •JUNE 21, 2011 - The White House opposes the House-passed Jobs & Energy Permitting Act that would unlock an estimated 27 billion barrels of oil and 132 trillion cubic feet of natural gas. Gas is $3.65 a gallon. •NOVEMBER 8, 2011 – The Obama Administration releases a plan for a five-year moratorium on offshore energy production, placing “some of the most promising energy resources in the world off-limits,” according to the House Natural Resources Committee. Gas is $3.42 a gallon. •JANUARY 18, 2012 – President Obama rejects the bipartisan Keystone XL pipeline and the more than 20,000 jobs that would come with it. Gas is $3.39 a gallon, and rising faster and earlier than ever before. •And the list goes on. had to omit 3x more info because yahoo will not allow this much info
Category: Politics

The Fed NOW says that the economy will not recover for at least 5-6 years, are Obama and the dems listening?

excerpt... the Fed confessed that the US economy may not recover for five or six years. Far from winding down emergency stimulus, the bank may need a fresh blast of bond purchases or quantitative easing. Usually the dollar serves as a safe haven whenever the world takes fright, and there was plenty of sobering news from China and other quarters on Thursday. Not this time. The US itself has become the problem. People thought the euro would break-up. Now were moving into a new phase because were hearing alarm bells of a US double dip. Mr Bloom said a deep change is under way in investor psychology as funds and central banks respond to the blizzard of shocking US data and again focus on the fragility of an economy where public debt is surging towards 100pc of GDP, not helped by the malaise enveloping the Obama White House. "The Europeans have aired their dirty debt in public and taken some measures to address it, whilst the US has not," he said. The Fed minutes warned of "significant downside risks" and a possible slide into deflation, an admission that zero interest rates, $1.75 trillion of QE, and a fiscal deficit above 10pc of GDP have so far failed to lift the economy out of a structural slump. "The Committee would need to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably," it said. The economy might not regain its "longer-run path" until 2016. "The Fed is throwing in the towel," said Gabriel Stein, of Lombard Street Research. "They are preparing to start QE again. This was predictable because the M3 broad money supply has been contracting for months." The Fed minutes amount to a policy thunderbolt, evidence of how quickly the recovery has lost steam. Just weeks ago the Fed was mapping out withdrawal of stimulus. The signs of a deep and sudden slowdown in the US are becoming ever clearer as the "sugar rush" from the Obama fiscal stimulus wears off and the inventory boost fades. California, Illinois and other states are cutting spending, tightening US fiscal policy by 0.8pc of GDP. The US workforce has shrunk by a 1m over the past two months as discouraged jobless give up the hunt. Retail sales have fallen for the past two months. New homes sales crashed to 300,000 in May after tax credits ran out, the lowest since records began in 1963. Mortgage applications have fallen by 42pc to 13-year low since April. Paul Dales at Capital Economics said the "shadow inventory" of unsold properties has risen to 7.8m. "The double dip in housing has begun," he said. END Oh, and remember, DEFLATION NOW. HYPERINFLATION LATER. THIS IS WHAT GOVERNMENTS W/O COURAGE PRODUCE. a good example would be Argentina post 2001; first they had deflation and then they devalued and purchased high speed printing presses to churn out pesos; shortly thereafter inflation started - at first a trickle and then within 2-3 years they got hit with 30 to 50% inflation. The US will be no different; the American confetti money will hyper-inflate probably starting in 2012; possibly even sooner
Answer: Check out my online postings: I've been predicting that our economy won't recover until 2013 at the minimum, 2016 at the latest... Back in 2008. You know why? Because I take everything I see, extrapolate on a series of trends and current events and come up with a number that is more plausible in reality, than it is in fantasy. Unlike the conservatives: Whom wanted an instant fix on everything within six months of Obama's swearing-in.
Category: Politics

White House: No debt deal unless tax rates on top earners go up ...

4 days ago ... White House press secretary Jay Carney said Thursday there will be no deficit deal unless Republicans agree to raise tax rates on the ... cuts to be equal to any increase in the nation's debt limit “deeply irresponsible.” ...

Was Jimmy Carter really that bad?

To what extent did JCs policies as president actually contribute to the turmoil of the seventies and his unpopularity? How does his record compare to the other name that pops up when thinking about the worst POTUS in modern history, Bush 43?
Answer: Quite a bit but this touches on some of the big points. Carter: Interest rate, 21%. Inflation, 13.5%. Unemployment, 7%. The so-called "Misery Index," which Carter used to great effect in his 1976 campaign to win election, 20.5%. • Reagan's last year: Interest rate, 9%. Inflation, 4.1%. Unemployment, 5.5%. Misery Index, 9.6%. • Bush today: Interest rate, 8%. Inflation, 2.6%. Unemployment, 4.5%. Misery Index, 7.1%. It's not even close. The only question is: Why did things get so bad under Carter? And that's a long story. The fundamental reason, however, is he made mistake after mistake, blinded by the leftist rhetoric his party adopted after the infamous '72 Democratic Convention, when the so-called New Left seized control. In office, Carter adopted the Keynesian economics of the time, buying into the theory that there was a reverse "trade-off" between inflation and unemployment — an idea that proved spectacularly wrong. The U.S. became mired in "stagflation," with both inflation and unemployment rising sharply. As things grew worse, Carter sharply boosted government spending. When that didn't work, he blamed the American people. "I think it's inevitable that there will be a lower standard of living than what everybody had always anticipated," he told advisers in 1979. "The only trend is downward. But it's impossible to get people to face up to this." Those remarks were followed by his now-famous "malaise" speech in which he unveiled six proposals — including import quotas, windfall profits taxes and increased spending on alternative fuels — to combat higher oil prices charged by OPEC. Nothing about tax cuts. Nothing about finding more energy. In short, he told Americans to consume less, but pay more. "We have learned that 'more' is not necessarily 'better,' and that even our great nation has its recognized limits," Carter said, borrowing heavily from the "limits to growth" movement that swept liberal intellectual circles in the '70s. With public anger growing and his own polls lagging, Carter started wearing sweaters and encouraging us to turn down the thermostat. But his big spending didn't work. The resulting budget deficit, 12 times bigger than the one President Nixon left, gave him a serious public relations problem. On this score, Carter might have escaped his own malaise if he had cut taxes to get the economy going again. But even with marginal income tax rates at a hefty 70%, he accepted the common wisdom that a tax cut would boost inflation and lower government revenue. He was dead wrong. As noted in "The Commanding Heights," a leading economic history of the last century, "Carter's attempts to follow Keynes' formula and spend his way out of trouble were going nowhere." Eventually (but grudgingly), Carter did agree to slash the tax rate on capital gains to 28% from 40%. But that didn't kick in until 1979. By then it was too late to help him politically. Two other moves have garnered Carter praise: setting deregulation in motion and naming Paul Volcker as Fed chairman in 1979. Carter did begin deregulation, for which he deserves credit. And to be sure, Volcker clamped down on the growth in money supply, bringing on a deep recession but also killing the inflationary spiral. Inflation, however, was already easing when Carter entered office. It was only after he named a political supporter, the late G. William Miller, as Fed chairman that prices really took off. Miller, who served only a year, is now viewed as the worst Fed chief ever. Volcker? He wasn't Carter's choice. He was nominated only after a contingent of Wall Street power brokers, alarmed at the economy's decline, went to the White House and demanded the appointment of the well-respected president of the New York Fed. In his last years in office, Carter spoke of an "erosion of our confidence in the future." But his failure to support the Shah of Iran led to a takeover of that oil-rich republic by fundamentalist Muslims, and a second Mideast oil shock hammered the economy and pushed inflation to new highs. Desperate, Carter tried "voluntary" wage and price controls. They didn't work. He tried credit controls. They didn't work. He kept oil-price controls mostly in place, and created a vast new bureaucracy — the Energy Department — that has since wasted tens of billions of dollars without creating a single drop of new energy. The result can be seen in key indicators of American well-being. Real median after-tax income fell nearly 3% during Carter's last two years. For his entire term, productivity — the fuel for future growth in standards of living — rose a miserable 0.6% a year. That's why, when candidate Ronald Reagan said, "Ask yourself if you're better off today than you were four years ago," the answer came back a resounding "No."
Category: Politics

Obama to Insist on Tax Increase for the Wealthy

WASHINGTON — President Obama said Friday that he would insist that tax increases on affluent Americans be part of any agreement to avoid a year-end fiscal crisis, setting up a possible confrontation with Congressional Republicans who say they will oppose a rise in tax rates for the rich. In his first remarks from the White House - Pres Obama will insist that tax increases on affluent Americans be part of any agreement to avoid a year-end fiscal crisis, setting up a possible confrontation with Congressional Republicans who say they will oppose a rise in tax rates for the rich; pledge comes among other signs of confidence in his first appearance since his electoral victory. Photo (M) - By HELENE COOPER and JONATHAN WEISMAN

Is this a good intro for this story?

The moon illuminated Lana’s appearance, making her seem paler than she already was. Blood leaked crimson tears all over the soft earth. She quickly ripped of a piece of cloth from her white undershirt, tying it tightly across the deep gash on her upper thigh. Lana hobbled away towards freedom each step jolting excruciating pain up her body. Her frown quickly turned into a grimace, as she assessed her situation. “No food, No water, No shelter, and I haven’t the slightest clue which part of the forest I’m in…. JUST GREAT.” The sun was quickly rising over the horizon, the warmth on her neck sent relief flooding through her body. At least now she could see where she was going, and she was safe from the predators of night. Lana let out a yelp of excitement as she found the Yena River cutting the meadow in half. She took long gulps of water only stopping to breathe. After her thirst was quenched, a scary reflection met Lana’s eyes. Her usually long blonde hair was matted in several places. Her hiking pants were drenched in dry blood all the way to her knees. What was left of her shirt was a torn up mangled mess and her sea green eyes were bloodshot. Loudly sighing Lana striped down to her undergarments. She dipped her toe in the pool testing the temperature of the water. Surprisingly it was warmer than she excepted, so she put her feet in. “If I follow the Yena River north, I should be home in 3 hours, maybe 4 because of my limp.. .” She thought submerging the rest of her body. The water refreshed her body, yet stung her wound she received from the Dwarfs that attacked her camp. Nasty little things they are, luckily they spend all day mining underground and only come up at night to hunt. Lana dug her hand into the sand as a new pang of pain attacked her body. She located a sea shell that would be handy to un-mat her hair. The sea shell had 3 ridges that acted a comb. She inspected the shell to make sure there were no bugs on it and then brushed her hair. After Lana spent 20 minutes bathing in the river she was off again. She packed up what little she had (only her clothes and bag hadn’t been stolen from the dwarfs.) Lana walked around in her under garments, she had the body and it was just like traveling to the beach with her friends anyways. Soon her house was in site, a 25 bed room mansion with 9 bathrooms, 4 living areas, 2 formal dining rooms, a game room, 2 kitchens, a informal dining room, and a indoor poor. Outside was a kabana, pool, trampoline, a soccer field, and a garden. In total Lana’s parents had constructed a 43 room mansion out of thin air. It took only a little bit of willpower and a whole lot of money. The taxes on the house are momentous as well as ground keeping, electricity, gas and butlers. Yet Lana Wilson’s family still had a surplus of money.
Answer: It had me hooked until she found her house. Then, it was plain boring. It felt like you added all that forest stuff only to hook a reader. Add some more of the forest stuff. And don't describe the mansion so much. Just say, huge mansion. The part before Lana's mansion was great. You're a good writer.
Category: Books & Authors

Read my lips: no new taxes - Wikipedia, the free encyclopedia

Although technically there were no new taxes in this agreement, Bush in the same ... My opponent now says he'll raise them as a last resort, or a third resort. ... tax increase, and expected to have a major policy role in the Bush White House. ... agreed to postpone talk of both deep cuts and tax increases until the next year.

The Birthplace of Obama the Politician

From the back seat of Steve Gatess white Pontiac, Monique Robbins spotted Jasmine Coleman walking home from school alone. It was an icy December afternoon on Chicagos South Side, and Jasmines only protection against the wind was a thin purple jacket. She looked cold. Gates pulled the car over to the curb, and Robbins hollered at Jasmine to get - Sub-prime Chicago neighborhood of Roseland, where a young Barack Obama worked as a community organizer, still suffers from high rates of poverty; neighborhood is a reminder that despite all the actions taken to ease the burden of the poor by the Obama administration, poverty seems to have receded as a national issue; administration says reason for shift in priorities was the economic crisis they inherited. Photos (L) - By PAUL TOUGH

Fiscal Cliff: John A. Boehner Offers Another Way

Both sides took uncompromising tones on Sunday, making less likely for any sort of immediate deal that would avert the automatic series of deep spending cuts and large tax hikes that could push the economy into recession. Following private meetings last week, ... “There's no path to an agreement that does not involve Republicans acknowledging that rates have to go up on the wealthiest Americans,” he said on NBC's “Meet the Press.” Most believe that a deal will ...

Pressure mounts for a House vote on tax cuts | FOX6Now.com - WITI

... he'll sign it. Polls show most Americans want it.Now Democrats say they will try to force House Republicans to hold a vote on a proposal to prevent higher income taxes for 98% of the nation starting next year while raising the rat... ... The non-partisan Tax Policy Center estimates middle class families would pay about $2,000 a year more in taxes without another extension of all the Bush tax cuts, as sought by Republicans. Without a deal in the lame-duck Congress, ...

Bankrupting America's Spending Daily | Western Free Press

'At the same time, no tax increase out there is going to be capable of solving a $1 trillion deficit. You need spending cuts.' (Even Obama, in his 2009 State of the Union address, [said] that there could be no long-term fiscal stability ... The Washington Post reports, “As the White House and Republican leaders enter the final month of negotiations to avoid a year-end 'fiscal cliff,' both sides struck an uncompromising tone Sunday, as warnings mounted that they will be ...

The Birthplace of Obama the Politician

From the back seat of Steve Gatess white Pontiac, Monique Robbins spotted Jasmine Coleman walking home from school alone. It was an icy December afternoon on Chicagos South Side, and Jasmines only protection against the wind was a thin purple jacket. She looked cold. Gates pulled the car over to the curb, and Robbins hollered at Jasmine to get - By PAUL TOUGH

Here's the path around the fiscal cliff | Nicholas Wapshott

As we have seen from the pitched battle between the White House and the Republican House leadership, finding the right balance between tax increases and spending cuts is not easy. The guiding ... The 17 eurozone countries are deep in recession with joblessness at more than 11 per cent; last quarter the U.K. briefly emerged from a double-dip recession of its own making but is expected to enter a triple-dip recession by the end of the year. If we get the fiscal cliff ...

FUNDAMENTALLY; In This Sell-Off, No One Pressed The Panic Button

SOME people say it’s a post-election slump. Others call it the fiscal-cliff sell-off. But no matter how you characterize the recent stock slide — which shaved more than 700 points off the Dow Jones industrial average in a matter of days, before the market recovered last week — one label that doesn’t fit is - Paul J Lim Fundamentally column says although Dow Jones industrial average fell over 700 points in stock slide after presidential election, one label that does not fit is panic selling; points out that strategist John Stoltzfus says selling has looked extraordinarily rational and level-headed. (M) - Paul J. Lim is a senior editor at Money magazine. - By PAUL J. LIM

Engagement downer: How to deal with her?

Background info: -I got flowers for my birthday, future sister-in-law had to get flowers too (her bday was months away) - i got my promise ring on sweetest day (she pouted because she didnt get one on sweetest day, but got a ring a few days before sweetest day) -and nowww this.... My fiances brother in law knows a jeweler. So my fiance bought a diamond for me, and the two of them went to see this jeweler. The jeweler found out the diamond was an engagement ring and he custom cut my diamond for me. My future SIL wanted the diamond so bad, (because I had not yet seen it) after she saw it custom cut that she argued with her husband because he refused to give it to her. So she pulled out a round diamond, same size (mines princess cut) 1 carat, and tried to trade me. I said no. So they never went to pick up the ring and kept lying about it, saying the guy was sizing it at his house. My fiance and I went to go look at it, and it was ready to go. So we picked it up. Then my future SIL starts telling people my ring is fake and she starts telling me about rings her husband is going to buy her around income tax time and blah blah blah. But I did the glass test. We were sitting at applebees, my fiance and I, and we scratched it on a the pepper shaker and it left a pretty deep white scratch on the shaker. How do I deal with this woman? Why cant she just be happy for me instead of trying to out do me or make me feel bad when Im happy? Helllpppp.... btw, heres a pic of the ring... http://www.flickr.com/photos/46149998@N08/4264254809/ it isnt the best pic.... but its all i got lol
Answer: Relax, she is a jealous spiteful woman who you will probably never be able to relate to because she wants to hate on you. Who even cares if the diamond was fake, a marriage/engagement are about the love between 2 people, focus on this. Not her games. The best thing you could do is ignore her and by doing so, you are rising above her. I know its hard, but you gotta just focus on your and your future hubby and let her be jealous of you.
Category: Weddings

A Man of Many Minds

It was almost exactly four years ago that Mitt Romney watched up close as John McCain agonized over how he should respond to Americas spiraling financial crisis. What McCain ultimately chose to do, six weeks before the election, was to suspend his campaign and return to Washington to meet with President Bush and Congressional leaders. But that - Mitt Romneys choices during his tenure as governor of Massachusetts offer insight about how he would conduct himself as president, particularly given the dearth of policy details his campaign has produced. Diagram, Photos (L) - By ROBERT DRAPER

Is the Republican mantra of tax cuts! an over simplification of our economy?

It doesnt take a rocket scientist to deduce that if tax cuts were cut to zero, um, we would all be in deep trouble. So, the question quickly becomes, to what extent do tax cuts increase GDP, without, furthering the budget deficit, which, weakens the dollar, and forces credit extension abroad, in U.S. dollars, and forces a monetary policy that increases inflation, and, in time, devalues, again, our currency? Tax cuts without modifications to the budget is clear headed lunacy. It is no different than a business saying sales growth is good, and, proceeds on to grow expenses every year that exceed the rise in revenue. In the end, it leads to bankruptcy! I am weary of easy campaign slogans, and, do wish political leaders would extend to the American people the "credit" or ability to follow, if, a clear headed plan is laid out logically, and, coherently!
Answer: That's exactly what it is a mantra. Lower taxes, lower taxes and more lower taxes. I wasn't always like that, it began a little before Reagan though he deserves the credit or blame for being very successful at the Republican game. The game is promise the people lower taxes claiming the government does nothing right anyway, cut funding to essential government services to that extend the inevitable poor service will only be moor proof the government is good for nothing and those services should better be privatized. Make the government break down by poor funding and then use that as an argument for even less government. What the US has done since the late seventies is sell out their assets, sell out the country, as much as I don't dislike Clinton he didn't challenge that culture. He tried in his first campaign but in the White House declining popularity and a midterm loss made him go back into lockstep with this anti Democratic plan. I don't deny I'm left wing but the truth is American political culture is sick, the balance is completely lost. More Americans probably believe Obama is a socialist or this election is between two liberals than the simple fact McCain and Obama are close on ideology, that's scary. http://www.politicalcompass.org/usprimaries2008
Category: Politics

Boston Globe Deep cuts, no tax rise; White House says no Boston Globe House Speaker John… http://t.co/1SaMe0yG
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