The Hit Farm

Post-Debt Ceiling Threats. by Jen Sorensen for Comics. permalink · 32 Comments · Slowpoke cartoon. Click for larger version. Originally posted to Comics on Wed Jul 13, 2011 at 06:50 AM PDT. Also republished by Hydrant, The package would raise the $14 trillion debt ceiling (which the public hates), raise taxes by $1 trillion (which [...]

That was the state of play in 2006, when George W. Bush wanted to lift the debt ceiling from $8.2 trillion to $9 trillion and the Democrats were ripping his handling of the economy. In fact, every Senate Democrat—including Barack Obama and Joe By David Jackson, USA TODAY Senate Republican leader Mitch McConnell said today [...]

WASHINGTON — Senate Minority Leader Mitch McConnell (R-Ky.) floated a novel way out of default Tuesday, suggesting that Congress give up its power to raise the debt ceiling, and instead effectively transfer that Congress will probably push this to the brink, but they will raise the debt ceiling before the country defaults. The first rule [...]

More than eight in 10 tea party supporters (81 percent) said they understand “what would happen if the government does not raise the federal debt limit” — far more than the 55 percent of all respondents who said the same thing. “Failure to raise the debt ceiling would strike an immediate and serious blow to [...]

Total Stalemate on Debt Ceiling Negotiations · First Read: "After more than a week of meetings with congressional leaders and backchannel talks between President Obama and the Speaker John Boehner, the two sides are now Senate Republican Leader Mitch McConnell (R-Ky.) on Tuesday laid out a plan that puts the responsibility for increasing the debt [...]

by JOE FRYER / KING 5 News SEATTLE — If Congress and President Barack Obama do not come to an agreement on the country's debt ceiling, the consequences could be huge for every American. But many people just plain don't understand the issue. Debt-ceiling drama · Obama stirs up the fear, telling CBS News that [...]

By Alec MacGillis, No matter what the outlines are for a final agreement to lift the debt ceiling, the deal will include cuts to some of the nation's major entitlement programs: Medicare, Medicaid and Social Security. President Obama signaled as much US Treasury Secretary, Timothy Geithner, says the Obama administration is hoping to make a [...]