Archive for the 'Financial' Category

More About The Debt Ceiling Bill

Tuesday, August 2nd, 2011

Yesterday I made the statement, “We Won!” while talking about the compromise bill that will allow the country to avoid a default for a while longer. Since the time that I made that statement, I’ve heard many conservatives talk about how bad this bill is and that the Republicans in the House have wasted a [...]

Hidden Tax Increase in Debt Deal?

Monday, August 1st, 2011

Fox News is reporting that the debt deal may include a hidden tax increase or at least an assumption that taxes will be increased in Phase 2 of the bill. It appears that the assumption is made that the “Bush Tax Cuts” will be allowed to expire.

Debt Deal Fact Sheet From Whitehouse.Gov

Sunday, July 31st, 2011

Fact Sheet: Bipartisan Debt Deal: A Win for the Economy and Budget DisciplineBipartisan Debt Deal: A Win for the Economy and Budget Discipline •Removes the cloud of uncertainty over our economy at this critical time, by ensuring that no one will be able to use the threat of the nation’s first default now, or in [...]

Debt Ceiling Deal Reached

Sunday, July 31st, 2011

President Obama has announced that the leaders of both parties in both chambers of Congress have reached an agreement to raise the debt ceiling. He stated that this is a two part deal with the part cutting $1 Trillion from the national debt over 10 years. The second part of the deal consists of a [...]

House Passes Boehner Debt Ceiling Bill 218-210

Friday, July 29th, 2011

The House passed the Boehner Debt Ceiling Bill 218 to 210 with no Socialist Democrats voting for it. The Senate has promised to kill the bill upon arrival, but they don’t have anything to replace it. In the words of one of the Fox Analysts, The House legislates, the President talks and the Senate kills. [...]

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