Congress

The Republican leadership in the House of Representatives managed to pull President Barack Obama’s chestnuts out of the fire with regard to Libya, at least for the time being. On Wednesday the leadership postponed a vote on a resolution put forth by Rep. Dennis Kucinich (D-Ohio, left) that would have demanded that the President withdraw all U.S. forces from the conflict in Libya within 15 days. They did so for fear the resolution would pass — something Kucinich also believed was likely.

 Rep. Rick Mulvaney (R-S.C.), chairman of the Small Business Subcommittee on Contracting and Workforce, told the Washington Business Journal last week that “instead of rewarding those small businesses that choose to compete and win contracts, the government essentially pre-accuses them of cheating on their taxes and withholds 3 percent of all payments. This is flat-out wrong and this burdensome requirement should be repealed.”

Who says bipartisanship is dead? When it comes to unconstitutional wars, the leaders of both the Democratic and Republican parties sing from the same hymnal. Thus, while President Barack Obama, a Democrat, prosecutes his illegal war in Libya, the Republican leadership in the House of Representatives is pulling out all the stops to ensure that Congress doesn’t get in his way.

CongressAs expected, the bill to raise the federal debt ceiling that House Republicans brought to a quick vote today failed overwhelmingly. The bill, which would have unconditionally increased the debt limit by $2.4 trillion — the precise amount requested by the Obama administration — garnered only 97 Yea votes, all from Democrats. A combined 318 Democrats and Republicans voted Nay, and seven Democrats voted Present.

Remember the halcyon days of the late 1970s, when inflation, interest, and unemployment rates all soared into double digits? Back then the top marginal income tax rate in the United States was 70 percent, which may just have had something to do with the economic malaise of the period.

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