independence blog: Congress

Showing posts with label Congress. Show all posts

Wednesday, August 10, 2011

MSNBC's Dan Ratigan Rants On Political Corruption & The Debt Crisis

Yeah, I'd say this can be filed under "epic."

Tuesday, August 2, 2011

Olbermann Rants On Debt Bill

Another classic. Watch this.

Quote Of The Day - Paul Krugman

"We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And we will probably have a depressed economy through 2013 as well, if not beyond. The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further. Pay no attention to those who invoke the confidence fairy, claiming that tough action on the budget will reassure businesses and consumers, leading them to spend more. It doesn’t work that way, a fact confirmed by many studies of the historical record. Indeed, slashing spending while the economy is depressed won’t even help the budget situation much, and might well make it worse." - Nobel Prize-winning economist Paul Krugman, writing for the New York Times.

Rep. David Wu (D) Says Goodbye

Resigned in scandal, but waited to vote on the debt first.

Monday, August 1, 2011

House Passes Debt Ceiling Bill

And the vote was not very close.

Passage came after weeks of brinksmanship and backroom dealing that left few satisfied in the more liberal or conservative wings of the House, but drew just enough from each party to put a compromise over the top in time, assuming the Senate goes along, to avert what might have become a calamitous default on the nation’s debt. The tally, which had mounted excruciatingly slowly until the final seconds, was 269-161. Then, to growing applause, Representative Gabrielle Giffords, Democrat of Arizona, who was recovering from an attack several months ago, cast her vote, and as if a dam had burst the votes poured in.