President's debt offer risky but could be win-win

By CHARLES BABINGTON, Associated Press WASHINGTON (AP) — It's hard to know which is more surprising: a Democratic president pushing historic cuts in spending, including Social Security and Medicare. Or a Republican-controlled House refusing to accept the deal and declare a huge victory for long-sought GOP goals.Political orthodoxy has been turned on its head ever since President Barack Obama stepped up his call for a bipartisan "grand bargain" to raise the national debt ceiling and avert a default on U.S. obligations. The deal would include $4 trillion in deficit reduction over 10 years, mainly through steep spending cuts but also including up...

Read more »

President's debt offer risky but could be win-winBy CHARLES BABINGTON, Associated Press – 6 hours ago WASHINGTON (AP) — It's hard to know which is more surprising: a Democratic president pushing historic cuts in spending, including Social Security and Medicare. Or a Republican-controlled House refusing to accept the deal and declare a huge victory for long-sought GOP goals.Political orthodoxy has been turned on its head ever since President Barack Obama stepped up his call for a bipartisan "grand bargain" to raise the national debt ceiling and avert a default on U.S. obligations. The deal would include $4 trillion in deficit reduction over 10 years, mainly through steep spending cuts but also including up to $1 trillion in new federal revenue.Those are far bigger targets than typical budget...

Read more »

The Daily News says... NYPD Commissioner Ray Kelly is the right choice for mayor after making NYC safer, better

Linked from...

Read more »

Obama: "Ambitious" Debt-Deficit Deal Must Have Tax Increases, Spending Cuts

President Barack Obama said that he wants to reach with Congress an "ambitious" deal to raise the U.S. debt ceiling by the end of tomorrow and claimed that "the American people are sold" on a middle-of-the-road balanced deal that include taxes to provide revenue and spending cuts.In his third press conference in two weeks, the president said the federal government has a major chance to improve its finances. He also cited news media polls to claim that a majority of Democratic and Republican voters approve of a deal that will both cut federal spending and increase taxes for all Americans."We have a unique opportunity to do something big. We have...

Read more »

The Daily Show With John Stewart - Full Episode July 14, 2011

July 14, 2011 - Leroy PetryThe ongoing debt ceiling negotiations get heated, and Leroy Petry demonstrates his robotic hand.The Daily Show With John Stew...

Read more »

July 4th & the Declaration of Independence A Revolutionary Manifesto

On July 5, 1852, the great abolitionist Frederick Douglass spoke clearly in his speech “The Meaning of July Fourth for the Negro”: “What, to the American slave, is your 4th of July?” he asked. “A day that reveals to him, more than all other days in the year, the gross injustice and cruelty to which he is the constant victim.” He went on to call slave holding America’s celebrations “a thin veil to cover up crimes which would disgrace a nation of savages.” Yet he went on to conclude: “Notwithstanding the dark picture I have this day presented, of the state of the nation, I do not despair of this country … I, therefore,...

Read more »

Your browser does not support ifram...

Read more »