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« Donald Trump With Joe Kernen On The Debt Ceiling Deal: "The Cuts Are A Joke And Obama Is Incompetent" | Main | Lies, More Lies & Richard Fuld: Lehman's Fraudulent Dick »
Monday
Aug012011

THE TRUTH ABOUT THE DEBT DEAL: It's Pretty Much Meaningless - Only 2% Of Total Cuts To Take Place Before Obama Reelection, Manufacturing Index Falls To 2-Year Low, Iceland Should Be The Euro Debt Model (Links)

THE TRUTH ABOUT THE DEBT DEAL: It's Pretty Much Meaningless

BREAKING - Reid: Senate debt vote may not be until Tuesday

Appeals Court Overturns 5 A.I.G. Convictions - NYT Dealbook

Cuts may not be enough to avert AAA downgrade

Could Iceland be a model for debt-ridden Europe? - BBC Great Read

ISM manufacturing gauge falls to two-year low

Treasuries rise Monday, pushing 10-year yields to their lowest levels since November

Billionaire Wilbur Ross downplays downgrade threat

What China, Others, Are Saying About US Debt Deal - Forbes

Bulldoze: The New Way To Foreclose - TIME

A Simple Bailout Plan for Housing and the U.S. Economy - Good Idea

The Vespa Has Crashed Into The Mountain: Italy Burning

Obama’s approval numbers hit all-time low - Gallup

How pilots wrestled in vain to save Air France jet - Fascinating Read From Black Box

ROBO-SIGNED | BONDI’S DIRECTOR OF THE ECONOMIC CRIMES DIVISION, RICHARD LAWSON, VICTIM OF MULTIPLE LPS/DOCX SATISFATIONS OF MORTGAGE W/ MERS BONUS SURPRISE - 4closurefraud.org

MORTGAGE BANKERS ASSOCIATION LETTER TO THE FEDERAL RESERVE RE “SKIN IN THE GAME” AND THE ABILITY OF BORROWERS TO REPAY - 4ClosureFraud.org

LIVE COVERAGE: DEM Press Conference Cancelled, Boehner Appearance Postponed, As Vote-Counting Continues

John Conyers Calls for Protest Against the Debt Deal - Obama Proposed SS And Medicare Cuts NOT Republicans

CBO Scores "Bipartisan" Plan At Half Of S&P Required Savings; Only 2% Of Total Cuts To Take Place Before Obama Reelection

 

 

 

 

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Reader Comments (6)

WHIP COUNT: Debt-limit bill appears to have the votes to clear Congress

http://thehill.com/homenews/house/174649-whip-count-house-leaders-seek-votes-to-pass-debt-limit-deal
Aug 1, 2011 at 6:21 PM | Registered CommenterDailyBail
Wow, Jennifer Rubin... well, she did say Obama had written a fine GOP plan, and that's true. Demoland is in denial that Obama created the Deficit Commission and is the one moving the ball forward to cut the misnamed entitlement programs while increasing our military overreach. They confuse his speeches with his agenda.

Dennis Blair was speaking to the Aspens the other day and mentioned that we were doing a lot of stupid stuff in the name of defense. He specifically mentioned the drone program as doing more harm than good. And here's the kicker: he said the US intelligence and Homeland Security "communities" are spending $80bn a year OUTSIDE of Pakistan and Afghanistan on the drone program!

Course, Jennifer is just happy the GOP is firewalling off defense or homeland security funding for budget cuts. No doubt wars won't be subject to a balanced budget amendment either, so what's the point.
Aug 1, 2011 at 6:51 PM | Unregistered CommenterG Street
The Carbon Tax Revenue Menu

http://www.carbontax.org/blogarchives/2011/06/10/the-carbon-tax-revenue-menu/

[snip]

Getting the politics to align for a carbon tax requires the right blend of honey and vinegar. For years, advocates’ and opponents’ attention alike has focused on the vinegar – the tax part. Lately, though, we’ve noticed growing interest about how to best spread the honey — the potentially huge revenues a carbon tax would generate. Here’s a primer on the options: what they are, how they would work, their merits and drawbacks, and who’s pushing them hardest......

.......The allure of carbon tax revenue also offers a growing incentive for other nations to match a U.S. carbon tax in order to avoid WTO-sanctioned border tax adjustments, capturing the revenue themselves.......

....... Rep. Chris Van Hollen (D-MD) also introduced a cap & dividend bill in the Ways & Means Committee. It relies on a cap to set the CO2 price indirectly, aiming for 85% reductions (over 2005 levels) by 2050. Because of its similar emissions trajectory, we’d expect Van Hollen’s bill to generate similar revenue to Rep. Larson’s bill: roughly $80 billion in the first year, rising to about $600 billion within a decade.
Aug 2, 2011 at 7:55 AM | Unregistered Commenterjohn
Our military is now capable of killing every mentally healthy man, woman, and child on earth 5 times over in 10 different ways. I am so relieved these figures will rise to 20 times over in 20 different ways. I am impressed by a congress that gets so aroused every time they see a man in uniform and blown up civilians. Perhaps they should tell a goy therapist of these things.
Aug 2, 2011 at 8:10 AM | Unregistered CommenterHoward T. Lewis III
It's On: CBO Fielding VAT Questions From Congress

http://www.weeklystandard.com/blogs/its-cbo-fielding-vat-questions-congress-0

[snip]

Elmendorf declined to specify which members and said he has yet to field an official request to study a VAT tax. The CBO is in the process of figuring out how best to study a VAT tax's impact, sorting through various structures employed by other countries. Elmendorf also declined to estimate what a VAT tax level would need to be to cover the 2020 debt, which the CBO predicted will be 90 percent of GDP.


Pelosi says new tax is 'on the table'

http://thehill.com/blogs/blog-briefing-room/news/61783-pelosi-says-new-tax-is-on-the-table

[snip]

"Somewhere along the way, a value-added tax plays into this. Of course, we want to take down the healthcare cost, that's one part of it," the Speaker added. "But in the scheme of things, I think it's fair look at a value- added tax as well."

Pelosi said that any new taxes would come after the Congress finishes the healthcare debate consuming most lawmakers' time, and that it may come as part of a larger overhaul to the tax code.
Aug 2, 2011 at 8:51 AM | Unregistered Commenterjohn
Thanks John.
Aug 2, 2011 at 12:06 PM | Registered CommenterDailyBail

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