iOS app Android app

Default

When Radicalism Becomes Treasonous

Jeff Schweitzer | Posted 01.23.2014 | Politics
Jeff Schweitzer

If the situation were reversed, and Democrats were threatening default, the GOP would be screaming bloody murder, yelling at the top of their collective lungs that Democrats hate the United States, and that liberals are traitors to the country.

The Debt Default Could Really Happen

Pat Choate | Posted 01.23.2014 | Politics
Pat Choate

The Tea Party Republicans are trying to legislatively veto a settled law -- the Affordable Care Act -- by holding hostage the funding for the entire rest of the U.S. government. This defies constitutional governance and borders on sedition.

Next Government Shutdown Victims: Veterans And Their Families

AP | KEVIN FREKING | Posted 10.09.2013 | Politics

WASHINGTON -- WASHINGTON (AP) — About 3.8 million veterans will not receive disability compensation next month if the partial government shutdown co...

GOP Senator: Shutdown 'Probably Wasn't The Best Strategy'

The Huffington Post | Ashley Alman | Posted 10.09.2013 | Politics

Sen. Ron Johnson (R-Wis.) said Tuesday that trying to defund Obamacare at the expense of a government shutdown may not have been sensible. "It prob...

Boehner's Dark Secret: 'It's All About the Carrots'

John Blumenthal | Posted 12.08.2013 | Comedy
John Blumenthal

You won't believe what happened to me last night. POTUS finally invites me -- the goddamn Speaker of the House -- to this state dinner at the White House (big deal) and what does he do?

IMF Warns On U.S. Default

Reuters | Posted 12.08.2013 | Business

WASHINGTON, Oct 8 (Reuters) - A default by the United States would like lead to a recession "or even worse," the chief economist at the Internationa...

John Boehner's New Headache

RealClearPolitics | Caitlin Huey-Burns | Posted 10.08.2013 | Politics

Catastrophic. Brutal. Dangerous. Terrifying. ...

Not Much at Stake

Robert Slayton | Posted 12.08.2013 | Politics
Robert Slayton

So what's really at stake if the Republicans fail to raise the debt limit? They claim you have a choice: either "not much" or "only good things." ...

The Republican Shutdown and Time Magazine's False Equivalency

Joseph A. Palermo | Posted 01.23.2014 | Media
Joseph A. Palermo

Scherer and Altman leave Time readers with the impression that somehow Nancy Pelosi is equally responsible for the Republican Tea Party crazies in the House who are driving the country into the ground to win concessions from the president they despise.

There Isn't 'Gridlock' in Congress - Only a Tea Party Terrorized Boehner -- #JustVote

Robert Creamer | Posted 01.23.2014 | Politics
Robert Creamer

The question is whether John Boehner is more concerned about being terrorized by a Tea Party minority or having a legacy as the one man who single handedly caused a world wide economic disaster. If he cares about this country, his choice should be obvious.

GOP Senators Float Clean Debt Ceiling Increase

The Huffington Post | Ashley Alman | Posted 10.07.2013 | Politics

The United States government is expected to hit the debt ceiling in less than two weeks, and Senate Democrats have said they're ready to raise it with...

Republican Extremists Know Exactly What They're Doing

Anis Shivani | Posted 01.23.2014 | Politics
Anis Shivani

The extremist faction is the Republican party (not whatever John Boehner or John McCain are supposed to stand for); the extremist faction is the ruling class's preferred direction for American politics in the near future, as unimaginable as it might seem today.

Prevent Debt Ceiling Catastrophe: Bondholders Sue Jack Lew

Victor Williams | Posted 10.07.2013 | Politics
Victor Williams

We now have days not weeks to avoid a debt default. If Congress dishonors its "plighted faith," individual litigants will have no choice but to sue.

Rope-a-Doping the GOP - An Update

Pat Choate | Posted 12.07.2013 | Politics
Pat Choate

Step three will come when an outraged tea party realizes that the president has outwitted them politically. They are likely to double down once more and try to impeach President Obama.

What's Next? Default? Social Unrest?

Asher Edelman | Posted 12.04.2013 | Politics
Asher Edelman

Next on the right wing agenda is not a default. The full faith and credit of the United States of America's debt and interest payments will be met with Republican cooperation -- AND NOTHING MORE.

Harry Reid Slugs the Far-Right Bully

Brent Budowsky | Posted 01.23.2014 | Politics
Brent Budowsky

Like virtually every Democrat, like most independents, like a strong majority of Americans, I am fed up with the bullying anarchism of the Tea Party right in the House of Representatives.

Zach Carter

Treasury Warns Against 'Catastrophic' Default

HuffingtonPost.com | Zach Carter | Posted 10.03.2013 | Politics

WASHINGTON -- The U.S. Treasury Department on Thursday released a report warning of potentially "catastrophic" damage should Congress fail to raise th...

Zach Carter

Shutdown, With Debt Ceiling On Horizon, Worries Wall Street

HuffingtonPost.com | Zach Carter | Posted 10.02.2013 | Politics

WASHINGTON -- Wall Street is growing more skittish about the prospect of the U.S. defaulting on its debt now that an indefinite government shutdown ha...

A Grandmother on Green Eggs and Obamacare

Margaret Sullivan | Posted 01.23.2014 | Politics
Margaret Sullivan

For the first time in 50 years, if I needed my own secondary insurance, I could get it without facing a cap on payments for a serious pre-existing condition. We are an ordinary family, so I expect many others are in much the same position.

Obama Is 'Rope-a-Doping' the GOP

Pat Choate | Posted 11.30.2013 | Politics
Pat Choate

By making their demand, the House Republicans have fallen into the president's political trap. They will be creating a global crisis that only Mr. Obama can prevent, which leads us to the second step in his strategy.

Congressional Republicans Violate Oath of Office

Leo W. Gerard | Posted 11.30.2013 | Politics
Leo W. Gerard

Before taking office, each member of Congress swears a simple, straightforward oath. It leaves little room for misinterpretation. They vow to support and defend the Constitution of the United States and to "faithfully discharge the duties of the office." High among those duties is paying the government's bills.

Republicans and Their Myths -- If Republicans Say It, the Opposite Must Be True

Leslie K. Stein | Posted 11.27.2013 | Politics
Leslie K. Stein

Republicans, the gig is up. We are on to you. The truth: if Republicans say it, then the opposite is true. So stop repeating the lies, or just stop talking. Let us examine some well-known sound-bites that those on the right love to spout and repeat.

Michael McAuliff

GOP Lawmakers Ready To Risk Catastrophic Default

HuffingtonPost.com | Michael McAuliff | Posted 09.26.2013 | Politics

WASHINGTON -- Republicans know that holding the nation's debt limit hostage in a standoff with Democrats over spending carries major risks to the econ...

The Relative Costs of a Shutdown Versus a Default

Jared Bernstein | Posted 11.24.2013 | Politics
Jared Bernstein

Since we've never defaulted, we don't know how much it will cost. But sources suggest that even flirting with default back in 2011 cost between $1-2 billion due to higher interest rates.

Don't Be Fooled: This Year's Debt Limit Fight Is Frighteningly Different

Bob Greenstein | Posted 11.20.2013 | Politics
Bob Greenstein

We should never get to the point of default -- or even consider getting to it.  We should not legitimize the idea of a default.  We should consider the possibility beyond the pale.