Newslinks for Wednesday July 20, 2011Posted on 07/20/2011
5:30pm The Republican: Why they voted 'No': A look at the nine House Republicans who opposed 'Cut, Cap, Balance'
4:15pm The Republican: Who holds our debt?
2:00pm Video: Senator Rand Paul to President Obama: 'Bring It On'
10:45am The Republican: In case you needed a reminder, a look at the Obama economic record thus far
- House Budget Committee Chair Paul Ryan weighs in on the 'Gang of Six' proposal
- House Republican Women: America needs jobs
Gang of Six deal
"The bipartisan proposal from the so-called Gang of Six senators to reduce deficits by nearly $4 trillion over the coming decade — and its warm reception from 43 other senators of both parties — renewed hopes for a deal days after talks between Mr. Obama and Congressional leaders had reached an impasse." - New York Times | The Hill
> Yesterday's Republican: A look at the 'Gang of Six' deficit reduction plan
WSJ poll: Public tilts toward Debt-Cap compromise and favor Obama over GOP plan by 58% to 36%
"A plurality of Americans—38%—said the debt ceiling should be raised, against 31% who said it shouldn't. A month ago 39% said the debt limit shouldn't be raised, while 28% said it should. Of those polled, 58% said they supported Mr. Obama's approach, a $4 trillion deficit-reduction plan over 10 years that would cut federal spending, including on Medicare, and raise taxes on corporations and the wealthy. In comparison, 36% said they backed the leading proposal among congressional Republicans, which would reduce the federal deficit by $2.5 trillion, also over 10 years, by cutting federal spending but holding the line on taxes." - WSJ
A Washington Post poll also warns against GOP "intransigence"
"Majorities of Americans see both President Obama and congressional Republicans as not willing enough to compromise in their budget negotiations, but the public views the GOP leaders as particularly intransigent, according to a new Washington Post-ABC News poll. There is also growing dissatisfaction among Republicans with the hard-line stance of their congressional representatives: Fifty-eight percent say their leaders are not doing enough to strike a deal, up from 42 percent in March." - Washington Post
HOWEVER: Also at the Washington Post Jennifer Rubin notes public support for the GOP on a balanced budget amendment.
But is the GOP listening?
"Rolling the dice on default, the House pushed further to the right in the debt debate Tuesday, even as a fledgling Senate deficit plan raised hopes that some bipartisan consensus may yet emerge from the crisis — if only the nation can get past its Aug. 2 deadline." - Politico
"The House of Representatives has approved the GOP's 'Cut, Cap and Balance' plan with a vote of 234 to 190. The bill imposes caps on federal spending as a percentage of GDP. It also allows for an increase in the debt ceiling by $2.4 trillion in exchange for both the Senate and House approving a balanced budget amendment." - Fox
- Roll Call speculates that Speaker Boehner's decentralized approach to management has created a vocal portion who've “allowed the perfect to be the enemy of the good” while breeding distrust for leadership.
The Obama adminstration isn't playing much good cop
In an op-ed for the Wall Street Journal Timothy Geithner plays hardball on financial regulation: "Only six congressional Republicans crossed the aisle to support reform one year ago. The GOP is still working to thwart change."
- "1) Allow a conditional increase in the debt limit of up to $200 billion for use only to avoid default. The money could be borrowed only if the Treasury secretary certifies that the funds will be used only for debt service and that there is no other source of funds available for the purpose. Take away the default argument from the president.
- 2) Prioritize the use of tax revenue in the event of no increase in borrowing authority so that military pay and Social Security checks would not be affected."
Read the full piece at The Hill.
"Here is my proposal for principle and realism. The House should pass a debt ceiling rising for 190 days that raises the ceiling by about $1 trillion. The president said he would not sign a short-term bill as long as 180 days. Give him something he could sign without contradicting himself. Attach to it about $1 trillion in discretionary spending cuts as identified by the Vice President Joe Biden-led negotiations. That would get real cuts and wouldn't let Washington kick the can past the next election. Then the House Ways and Means Committee should start hearings and markup on a general corporate tax reform that would lower rates and reduce or eliminate many credits, deductions and advanced schedules. That would take at least three months to negotiate but should yield both a more efficient system and more revenue (about $100 billion a year -- while lowering rates)." - RCP
2012 poll: Romney 30%, Bachmann 16%, Perry 11%, Paul 9%, Gingrich 8%, Cain 5%
"Rep. Michele Bachmann of Minnesota has stormed into second place among Republican primary voters in the race for the GOP presidential nomination, but former Massachusetts Gov. Mitt Romney remains the front-runner." - WSJ
"On the campaign trail in South Carolina, Michele Bachmann should have been basking in the glow of new polls showing her surging among national Republican primary voters. Instead, the day was overshadowed by her acknowledgment Tuesday that she suffers from chronic migraine attacks — an issue that threatened to spiral out of control as the media sought more details about a potentially debilitating condition." - Politico
PA Repubs to Santorum: Run for Senate, Not President - Fox
GOP field not raising money. Obama breaking records.
"Four years ago, former Massachusetts Gov. Mitt Romney, Arizona Sen. John McCain and former New York City Mayor Rudy Giuliani and the other candidates had raked in $112 million. The GOP class of 2012 has raised a meager $35 million. On the Democratic side, meanwhile, the president has shattered the first-quarter fundraising records for an incumbent. He raised an unprecedented $86 million. That is more than the $60 million goal his campaign had set and easily surpasses the $50.1 million that then-President Bush had raised at the same point in the 2004 cycle." - Fox
New N.C. Map Gives Democrats More Heartburn - Roll Call
Obama backs repeal of Defense of Marriage Act - LA Times
Ten ways progressive policies harm society’s moral character - Dennis Prager for NRO
Number one: "The bigger the government, the less the citizens do for one another. If the state will take care of me and my neighbors, why should I? This is why Western Europeans, people who have lived in welfare states far longer than Americans have, give less to charity and volunteer less time to others than do Americans of the same socioeconomic status."
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