S&P on downgrade: “…the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”

Just in case you didn’t get that the first time around. This is a point the Democrats (and progressive media/bloggers need to hammer) for the next few weeks. But they won’t. The right is massed with talking points blaming the left for the defeat. But the text of the S&P downgrade doesn’t specifically call out the Democratic . . . → Read More: S&P on downgrade: “…the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”

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Scott's DiaTribes: Happy Civic Holiday… and why Obama did the deal he did.

To all of you in Canada who get this first Monday off, whether it’s called Civic Holiday or whatever, all the best to you. As for politics on this day, attention has turned to our US neighbour’s attempts to get their debt ceiling agreement in place before they default tomorrow. A tentative deal has been reached, which still has to be voted on and passed, but many progressives and liberals – both in the US and here in Canada –  are dismayed at the Democrats and President Obama’s unwillingness to force the Republicans to compromise more in the agreement.  They view it as a sellout of Democratic and progressive/liberal […]

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Maybe it’s just me

…but today’s National Post carries a headline that made me do a doubletake to find out if it was about a real story or just an analogy for the Great Out-of-Control Debt Ceiling Debate that’s been dragging on in the States lately.  Kn…

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T(bag)-minus 3 days til Debtmageddon

I knew this day would come, and finally, it’s arrived… but incredibly, it’s much worse than I ever anticipated. I refer to the furious fracas going on south of the border over raising the US Debt Ceiling:  that  wholly self-inflicted hemorrhaging scalp wound in the American economic psyche also known as “The Debt Crisis”. As […]

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