Thomas R. Eddlem
Only in America are the ones who want to balance the budget and make raising the national debt limit unnecessary labeled “terrorists,” while those who want to raise the national credit card limit to infinity deemed reasonable.
In an October 30 press release, the Federal Reserve Bank's Open Market Committee blamed the soft economy on a lack of government spending and announced it would continue the purchase of long-term federal debt and mortgage-backed securities indefinitely.
The left-leaning Brookings Institution admitted in an October 31 report that the Obama administration's “Cash for Clunkers” program was an almost complete waste of billions of taxpayer dollars. The report concluded that the 2009 subsidy for new car buyers had no measurable long-term impact on economic growth and cost $1.4 million for every “job-year” that was created under the program.
The Fifth Estate is more like a documentary — without the context or the strict adherence to documentable facts — than it is an dramatization. It's not a bad film, even though it straddles the two worlds without fully embracing either genre.
The Republican congressional leadership capitulated completely to White House demands for full funding of the federal budget at fiscal 2013 levels and a suspension of the debt limit through February 7.
Senate Republican negotiators are reportedly considering a grand bargain with Senate Majority Leader Harry Reid to raise the debt limit and reopen the partially closed federal government with no major spending cuts and no significant changes to ObamCare.
Captain Phillips is a well-made drama about the real-life events that played themselves out on global television back in April of 2009. The audience already knows the outline of what happened before walking into the theater.
President Obama complained about the shutdown of parts of the federal Head Start pre-school nutritional assistance program in his weekly address October 5, even though he has already pledged to veto straightforward Republican bills that would fund similar programs.
The House Republican leadership has adopted Texas Senator Ted Cruz's strategy for fighting back against the Obama administration promise to vote down all government spending until the House approves a spending bill funding ObamaCare.
The federal government entered into a partial shutdown at midnight October 1 as congressional leaders were unable to agree upon a “continuing resolution” appropriations bill to fund programs in the new fiscal year.