FINALLY! - House Majority Leader Eric Cantor Introduces Balanced Budget Amendment
My reaction is NOT an endorsement of the GOP plan to achieve said balance, rather a guttural a response to a 2-decade wait since the last attempt at fiscal sanity in Washington.
In another move upstaging and likely upsetting Speaker Boehner, Cantor gets serious, or at least pretends to. This is a first step in a long process that will require passage by both chambers of congress, a presidential signature and ratification by at least 38 states.
Bad for stocks, good for bonds, and outstanding for your children and grandchildren.
WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding House consideration of a balanced budget amendment, H.J. Res. 1, sponsored by Congressman Bob Goodlatte:
“We are being asked by the Obama Administration to approve a debt limit increase. While President Obama inherited a bad economy, his overspending and failure to enact pro-growth policies have made it worse and now our national debt is currently more than $14 trillion. House Republicans have made clear that we will not agree to raise the debt limit without real spending cuts and binding budget process reforms to ensure that we don’t continue to max out the credit card. One option to ensure that we begin to get our fiscal house in order is a balanced budget amendment to the Constitution, and I expect to schedule such a measure for the House to consider during the week of July 25th. I have no doubt that my Republican colleagues will overwhelmingly support this common sense measure and I urge Democrats to as well in order to get our fiscal house in order."
Reader Comments (20)
http://beta.news.yahoo.com/philippines-seeks-us-arms-amid-china-tension-182220614.html
Related:
http://www.tradeaidmonitor.com/2011/06/obama-adminstration-will-seek-to-encourage-business-investments-in-the-philippines.html
and
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https://www.fbo.gov/index?s=opportunity&mode=form&id=420d72e817d92cc8646eba4aa1fb4b63&tab=core&_cview=0
Business investments overseas, military aid overseas. WTF!!! We don't need ANYTHING in this country.
john, your links fired me up.
http://www.boston.com/news/local/massachusetts/articles/2011/06/24/trial_could_reopen_old_fbi_wounds/
[snip]
Bulger, 81, started working as an FBI informant in 1975, when he began cooperating with John J. Connolly Jr., an agent and fellow native of South Boston’s Old Harbor projects. Bulger’s tips helped Connolly and the Boston FBI dismantle the city’s reigning Mafia clan, the Angiulo family.....
......“It was a big problem when they didn’t have Whitey,’’ said Harvey A. Silverglate, a criminal defense lawyer and sharp FBI critic. “It’s a bigger problem now that they do.’’
I suspect that as per reports he has alzheimers/dimentia
http://news.yahoo.com/s/time/20110624/us_time/08599207968800
[snip]
Schlank and another longtime resident of the building, Barbara Gluck, both said Greig told them Bulger had Alzheimer's. She also told Schlank that he suffered from depression. The neighbors observed controlling behavior on Bulger's part ....
I suspect that his girlfriend was finally unable to care for him and may have felt threatened. She may have called a friend who called a lawyer and negotiated their surrender. I am almost certain that the advertisemsnts (PSA's) that ran were just a PR campaign. A deal may have been made prior to that.
Now I wonder if the testimony of a man with alzheimers/dimensia is admissable in court? Stay tuned.
http://wizbangblog.com/content/2011/06/16/good-god-is-he-really-that-stupid.php
http://www.ihatethemedia.com/obama-in-2009-if-cant-fix-economy-fire-me
........and the typical Barack Obama supporter: http://weaselzippers.us/2011/06/17/sign-the-petition-to-ban-job-killing-atms/
http://www.bostonherald.com/news/regional/view.bg?articleid=1347673&srvc=rss
I disagree... The initial tip went to the US Marshalls for a reason.... deals were cut or else a swat team would have taken him out and he would have 'been buried at sea'. This among other things are a huge story... The DOJ and FBI refusal to investigate mortgage fraud and few other things all add up... Whitey and a few others know where 'all the bodies are buried' and it is not good. Just one example
http://www.boston.com/bostonglobe/editorial_opinion/outofline/2011/06/whitey_and_the_fbi.html?comments=all#readerComm
He's keeping the MILITARY INDUSTRIAL COMPLEX in the BLACK at the cost of Republicans & Democrats.
HOPE & CHANGE is the same LIE as WMD.
I need a CHILL PILL.
http://www.boston.com/Boston/metrodesk/2011/06/official-bulger-tip-came-from-overseas/MTEfJCoe4nQIilH9la9fqL/index.html
[snip]
FBI spokesman Damon Katz said, “The identity of the tipster and where the tipster is from is not something we are going to get into.”
http://www.onlinesentinel.com/news/ad-produced-in-maine-helps-lead-feds-to-bulger_2011-06-23.html
Note: a couple of Boston media outlets say that a woman saw this ad in Iceland and reported them....
http://www.wbur.org/2011/06/24/tip-iceland
Note: posted for the record..... Iceland??????
http://beta.news.yahoo.com/mob-boss-brought-back-boston-sing-195317649.html
[snip]
James "Whitey" Bulger's capture could cause a world of trouble inside the FBI.
The ruthless Boston crime boss who spent 16 years on the lam is said to have boasted that he corrupted six FBI agents and more than 20 police officers. If he decides to talk, some of them could rue the day he was caught.
"They are holding their breath, wondering what he could say," said Robert Fitzpatrick, the former second-in-command of the Boston FBI office.
And he told Fox News’ Sean Hannity, “The Democrats are not able to cut spending. Their whole political base is created by giving money away – redistributing wealth; new government programs. The idea of a balanced budget to them essentially puts them out of business.
“So, the Republicans have to be prepared to fight to stop this reckless spending.”
http://www.newsmax.com/Headline/JimDeMintTeaPartyBarackObamaDebtCeiling2012election2012GOPPrimaries/2011/06/24/id/401316?s=al&promo_code=C818-1
“We don’t have a revenue problem – we’ve got a spending problem,” DeMint said. “But if we cut the spending, you would see the revenue begin to grow.”
AB, I agree, but if guys like Mint Ice Cream, gives someone like me hope that some shit head in goverment will do the right thing, and its all just a big show for people like us, when "Nothing Happens", we will do, take to the streets...............get realy pissed offfffffff........march on washington..............
OK, Its all one big show for all of us. Its only telling us what we want to hear... I talk a good hope, but I know in my Hart, nothing is gona change. Both sides wipe thAre Ass with the same "TP"........
The sheeple have no clue. We do and need guys like ol Jim, to give us hope. Then shit in our face at the last Min. and the vote to up the Debt Limet, pased over night 49-to-51..............How nice.
All to make us think they were realy trying...
DB, your not Supper Man. Nor Spider Man. Nor Haus Cartright, or Andy Griffet. So your just like one of us. You'll go Nuts if you dont take a break from time to time....
But Crap, do we miss ya when yr gone from the Mic.......Sooo, do what ya gotta do but leave us with something good to look at.................! Tex.
As far as the KABUKI about the debt limit, it's just that, depending who is doing the talking. Both parties are in it together. They will sell out just as they have been doing the past 30 years. Keep in mind that the Pentagon takes near 50% of the outlay, the wars are on the credit card, (yours & mine), and remember, the Repulicons with the help of the Democraps are responsible for this mess.
As for "O", well, he got to be the first, perhaps the last, but he caved and is beholden to the financial interests of this country. It might also interest those who might ask, he has been set up since the start, but I wouldn't bet the ranch that he understands that yet. He's still riding the high of being P.O.T.U.S. !
One other item, what's taking place in Greece, is a run up to where the U.S. is headed. Remember, "Fear" is the only tactic that they have. They can't put 300 million people in this country in jail. The rest are just sycophants to the few how steal from the many.
Here is a theory that many believe on Capitol Hill. The walk out by Senator Jon Kyl (R-Arizona) and Rep. Eric Cantor (R-Virginia) from the Vice President’s debt limit negotiations on Thursday was staged and agreed to by both parties as a means for Republicans to look tough before they cave on increasing the debt limit
http://biggovernment.com/capitolconfidential/2011/06/25/the-debt-limit-increase-fix-is-in/