Is $4 billion in taxpayer money better spent subsidizing JPMorgan's alleged criminal activity or funding the federal agency charged with defending consumers from dangerous financial products?
This conservative, austere budget has been rejected for months. Their goal is not really about defunding ObamaCare. Their goal was to force their extreme agenda onto the American people.
We have been repeatedly warned that the dollar could lose its status as the world's reserve currency in the event of default. While this is a dubious claim (will countries rush to the euro?), it would actually be good news if it were true.
It's one thing for the GOP to demand cuts in government spending as a way to enforce fiscal responsibility on Washington, but it is quite another for them to hold the federal budget hostage in order to backdoor a political agenda. That is so far from governing that it is laughable, if not downright impeachable.
We are stuck in a recurring nightmare inflicted by a few individuals with an agenda of undermining government no matter the cost. That nightmare is ignored by too many who seem oblivious to the real consequences of this stalemate for those less fortunate.
We need more outrage about these other Red Lines, the ones hurting our country. Where are the American people? Where is the outrage? We can do better. We are the United States of America -- we must do better.
Markets can process and react to good news or bad news, but they hate uncertainty. We view the continued uncertainty over tapering as a potential negative.
While real economic progress has been made since Obama was first elected President, Republicans haven't contributed to it. They haven't been part of the solution but, rather, they've fought Obama at each step and, as a result, become part of the problem.
The Congressional Budget Office's new long-term budget projections show that putting the budget on a sustainable long-term course remains challenging but is significantly more manageable than in previous projections.
How this economic recovery is going depends very much on who you talk to. New figures out today show that our nation's poorest children -- the most vulnerable among us -- remain caught in a bust.
The dizzying array of back-and-forth is not just a display of Washington's dysfunction at its finest; it also shows the desperation of the anti-Obamacare lot.
You want to know what's actually well-established in American fiscal policy? It's a budget process where both sides lay out their visions in terms of future receipts and outlays, hammer out a compromise in conference, and pass a budget.
In this case, it's the Australian elections. Conservative Tony Abbott led his Liberal-National coalition to a smashing victory over Prime Minister Kevin Rudd Saturday, leaving the Labor Party at a 100-year electoral low point.
When Congress comes back next week, Washington will increasingly focus on what it calls "fundamental" tax reform. But it won't be entertaining reform capable of fundamentally shifting employment patterns and generating the jobs we need.
We need to start at the beginning. Support our children. Educate all children. Rework the justice system. Help those who make small mistakes to atone for them and reintegrate successfully into society, rather than losing them into the system.
President Obama should simplify his economic message. He should talk about what America needs, and that we must pay to do it or Republicans will sit idly by and allow the country to crumble.