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Negotiating the Debt Ceiling on a Knife's Edge
Keywords:
The New York Times editorial says the constitutional option looks better than the recession option, now that huge cuts in spending including Medicare and Social Security are planned in the budget talks between the Republicans and the Obama White House. The Times points to $4 trillion in defict reduction in 10 years, that is being discussed as part of a grand agreement in White House talks. It reminds the Obama White House that it is not likely to win independent voters if unemployment increases as a result. The constitutional option is for the President to to point to the 14th Amendment that the public debt cannot be questioned, in effect saying the debt limit cannot be controlled by Congress as it is today. See the piece by Krugman on the same subject in today's New York Times. Krugman asks why Obama's economic advisors have not cautioned him about the size of the cuts and the potential impact on unemployment in a fragile economy. And he points out that most of the senior economic advisors have left and it may be Obama's political team that is looking for a way to win points with independent voters for next years election.
Democrats and political deals over U.S. budget cuts in entitlements and Social Security- 2011-2013
07/07/2011
The negotiations between the Obama White House and Republicans in July 2011 on raising the debt ceiling for the U.S. Skepticism among Democrats about the nature of the deal the Obama White House is about to reach with Republicans. The New York Times in an editorial suggests the use of a constitution provision to avoid deep cuts. Lawrence Tribe, a constitutional scholar points to the weakness in this approach in an op-ed piece in the New York Times on the same day, July 8, 2011.
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Why Democrats Are Dug in on Shutdown Impasse
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Budget Discord Simmers Among Democrats
Wall Street Journal 10/21/2013
Entitlement Cuts Divide Democrats
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How Tweaking Benefits Would Work
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David Stockman on the budget deficit reduction plans of Republicans and Democrats
01/20/2010
Stockman sees a failure to recognize budget reality in Obama's plan to avoid taxes on the middle class. He also sees a similiar failure in Paul Ryan's effort to shield defense and the rich, while at the same time focussing most of the cuts on the poorer sections of society. He says both plans put off cuts and taxes till way into the future- from 12 years to 20 years into the future.
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Wall Street Journal 04/18/2013
Why we need a third party - The Washington Post
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New York Times 10/20/2013
Charlie Rose Talks to Paul Ryan
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The Bipartisan March to Fiscal Madness
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New York Times 07/07/2011
President Obama and the Democratic party
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Democrats Battle Over Vision for Party
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Squawk treatment: Progressives voice their anger at Obama - The Washington Post
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Why Obama Is Likely to Lose in 2012
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New York Times 07/07/2011
Negotiating the Debt Ceiling on a Knife's Edge
New York Times 07/07/2011
Wall Street Journal 10/09/2012
Kicking the Can Down the Road- Views on the 2010 Obama-Republican Bush tax cuts deal
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The Wisdom and Folly of the Bush Tax Cuts
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Taxes, benefits and the deficit: Kicking the can down the road
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Bill Clinton takes the White House stage, again
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Poll on tax deal hints Obama still hasn't sold public
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Chris Van Hollen - First, fix the estate tax giveaway
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Washington Taxes Own Credibility
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Krugman on economic policy and prospects for the U.S. in 2010-12
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Bush Tax Cuts: Now That's Rich
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How Righteousness Killed the World Economy
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Deficit discussions in the U.S. and revenue from taxes- 2011-2012
07/04/2011
Negotiations between the White House, Democrats and Republicans, to achieve major reductions and cuts in spending, and increase tax revenues by reducing tax expenditures. The discussions for an action plan on the U.S. budget deficit have reached an impasse with Republicans opposed to any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 07/05/2011
New York Times 07/04/2011
New York Times 07/07/2011
Selling the Bush tax cuts in the U.S. and opposition in the Democratic party in 2010
08/05/2010
Former President Clinton helps to sell the Bush tax cuts in 2010. This is an effort to salvage the agreement President Obama negotiated with the Republicans.
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
Bill Clinton takes the White House stage, again
Washington Post 12/11/2010
Washington Post 12/11/2010
A Tax Deal, and a President, Under Fire
New York Times 12/10/2010
If Bill Clinton Were President
New York Times 12/11/2010
Poll on tax deal hints Obama still hasn't sold public
Washington Post 12/15/2010
Opposition to the Bush tax cuts deal between President Obama and Republicans
08/05/2010
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The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
House Democrats seek changes to Obama's tax-cut deal
Washington Post 12/09/2010
Dana Milbank - The Democrats' short-lived rebellion
Washington Post 12/08/2010
New York Times 12/10/2010
New York Times 12/09/2010
Poll on tax deal hints Obama still hasn't sold public
Washington Post 12/15/2010
The Democratic Party in the U.S. in 2010.
10/21/2010
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Book Review: 'The Investigator,' by Terry Lenzner
Wall Street Journal 10/17/2013
In Obama Era, G.O.P. Bolsters Grip in the States
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New York Times 10/23/2010
New York Times 10/21/2010
Economist 10/23/2010
New York Times 11/02/2010
The politicizing of the 2011 U.S. budget process- election points and Obama's political team
07/07/2011
Krugman points to the possibility that the President's political team may be trying to score political points with independent voters witht he budget.
Linked Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Negotiating the Debt Ceiling on a Knife's Edge
New York Times 07/07/2011
Deficit reduction talks between the Obama White House and Republicans in July 2011.
07/07/2011
The talks are part of an effort to reach agreement on raising the debt ceiling by an August 2011 deadline. Skepticism among Democrats about the talks and the deep cuts proposed that could lead to a setback for the economy.
Linked Articles
Negotiating the Debt Ceiling on a Knife's Edge
New York Times 07/07/2011
New York Times 07/07/2011
Krauthammer is critical of the Obama White House for using debt reduction to advance its 2012 election campaign
07/07/2011
Krauthammer points to the lack of initiative by the Obama administration in debt reduction.
Linked Articles
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Negotiating the Debt Ceiling on a Knife's Edge
New York Times 07/07/2011
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