After voting for “Fast Track” for NAFTA and then for NAFTA itself, then-Senator John Kerry professed total surprise when a NAFTA court trampled U.S. state laws and overruled U.S. courts — precisely as this magazine had warned would happen.
Senator Ron Wyden (D-Ore.) the ranking member on the Senate Finance Committee, is getting pressure from both liberals and conservatives to oppose Fast Track, while crony corporate interests step up lobbying for Obama’s trade agenda.
According to the Congressional Budget Office, the U.S. government will reach its borrowing limit in October or November, after exhausting emergency measures to keep the debt below the limit as long as possible. Without the emergency measures, the growing federal debt would hit the ceiling by the middle of this month. But Republicans who had hoped to use the debt ceiling debate as leverage to pass spending cuts were disappointed to learn that Senate Majority Leader Mitch McConnell has already assured the Dems that the GOP would not threaten a default or government shutdown.
Late last week, Senator Jim Inhofe tossed a snowball at a colleague on the Senate floor as a visual rebuttal to claims of global warming.