Boehner and GOP Cave on the Debt Ceiling

An hour or so ago, AP News push alerts informed me of the inevitable GOP cave on the debt ceiling increase, bringing a “clean” bill to the floor for a vote, reversing Mitch McConnell’s recent threats. As expected. A Republican cave is what happened last time there was a debt limit fight, but sadly, not what happened the first time Republicans threw their hissy fit over the debt...

Debt-Limit Extortion Time (Again)

If any further proof was required that the harmful, ridiculous debt-limit fights we seem to be having every six or eight months now are nothing more than extortion on the part of petulant Republicans, Mitch McConnell provided it in spades today. He took to the airwaves of FOX News Sunday to give the audience a fantasy wish-list of Republican goals that he might try to extract from the President...

Solving The Wrong Problem

On Twitter, economist Justin Wolfers links us to this article in the New York Times by a game theoretician, proposing new ways for us to think about and perhaps solve the problem of the constant debt ceiling standoffs and the attendant negative effects that occur as a result of them. The article’s author, David McAdams, is apparently also the author of a forthcoming book on how game theory can...

GOP Shutdown, Day 9

As many observers had predicted, Washington is quickly going from simply a GOP tantrum-generated shutdown (already serious and harmful enough) to a much more serious (though still GOP-driven) potential default on the full faith and credit of the United States. Only, even the tea partiest of the current crop of GoOPers can't ignore the fact that most sensible people and virtually every...

GOP Shutdown, Day 3

The noose is tightening on the TeaOP and especially on the house GOP leadership. They can, of course, continue the theatrics for some time longer (though not indefinitely), but with every passing day and every editorial weigh-in, it's looking worse and worse for the arsonists in the teahadist wing of the GOP. To start with, many of the tea party-aligned arsonists currently dead-set on burning...

Last Chance to Vote in the Fabulous PTL Debt-Ceiling Poll!

I know, I know, it's Monday, August 1st, and the weekend's wrangling would appear to indicate that it's all over but the shouting (or, more accurately, screaming) as far as the eventual solution to the nation's manufactured debt-ceiling crisis goes. I tend to agree, since there is indeed a deal which can be measured and read about circulating. However, it's not over 'til it's over. The one thing...

Quote of the Day

From Ken Houghton at Angry Bear (economics blog):The nicest thing I can do is describe this as BarryO's "Only Nixon could go to China moment." But that's because that slimy cocksucker was willing to sell out two countries—Formosa and Tibet—so he could discuss panda sex with Margaret Trudeau.Ow. That's gonna leave a mark. At the link, Ken also has some very...Japanese...suggestions for those...

Debt Ceiling Endgame

It's Christmas time in Washington, The Democrats rehearse Gettin' into gear for four more years Of things not gettin' worse. ~ Steve Earle, "Christmas In Washington" I see at least one fairly prominent left-ish blogger has started to point out that Republicans have essentially won the debt ceiling debate. By "won," Ezra means essentially that the GOP has maneuvered the debate into a position...

When (and HOW) Will Our Manufactured Debt-Ceiling Crisis End?

I will leave this poll up in the sidebar for new votes until the crisis is actually resolved - however (and whenever) it gets resolved. I stopped at seven answers (including the ever-popular "other"), but in truth, I could have just as easily constructed a poll with eleven or fifteen answers, all slightly different. Between the "Grand Bargain" floated by Obama, the McConnell deal (both the...