Monthly Archives: July 2011

Debt ceiling negotiations, July 31, 2011, 2:45 PM, Senate Minority Leader Mitch McConnell, Avoid default

Debt ceiling negotiations update, July 31, 2011, 2:45 PM, Senate Minority Leader Mitch McConnell, Avoid default

From the Wall Street Journal July 31, 2011.

“With the risk of a government default less than three days away, congressional leaders on Sunday said they were getting closer to a deal that raises the government’s borrowing limit, resolving the federal debt crisis.

“I can pretty confidently say this debt-ceiling increase will avoid default,” Senate Minority Leader Mitch McConnell (R., Ky.) said on CNN.

Live Blog: The Debt Battle
The White House and congressional leaders are scrambling to agree on a deal before Aug. 2 to raise the U.S. federal borrowing limit. Follow developments in Washington and reaction globally here.
.Sen. Charles Schumer, a top Democrat from New York, also speaking on CNN, said there was no “final agreement” but that default was “far less of a possibility now than it was even a day ago.” He added, “If there’s a word right here that would sum up the mood, it’s ‘relief.’ ”

Sens. McConnell and Schumer spoke before the Senate voted not to consider a debt plan by Senate Majority Leader Harry Reid (D., Nev.) to raise the debt ceiling and reduce the deficit by $2.2 trillion. The vote was 50-49, with 60 votes need to advance the bill.

But by the time of the vote, the result was anti-climactic; the real action is unfolding far from the Senate floor, as leaders of both parties try to hammer out the final details of a deal by day’s end to raise the debt ceiling from the current $14.29 trillion. That would be accompanied by deficit cuts of about $3 trillion.

Washington leaders face a Tuesday deadline by which the nation’s $14.29 trillion borrowing limit needs to be increased so the government can meet its financial obligations.

The framework emerging over the weekend likely would allow an immediate increase to the debt ceiling, lasting through the end of 2011, accompanied by government spending reductions of roughly $1 trillion over 10 years.

To get through 2012, Congress would form a special committee made up of an equal number of Democrats and Republicans to negotiate up to $2 trillion in additional cuts as part of a package containing a further debt-ceiling increase.

A House Republican leadership aide cautioned that a deal wasn’t yet in hand. “Discussions are moving in the right direction, but serious issues remain. And no agreement will be final until members have a chance to weigh in,” the aide said

The targets for savings appeared to remain subject to negotiation. Earlier proposals by legislative leaders were aiming for a total of between $2 trillion and $3 trillion total in savings over the next decade. Mr. McConnell on Sunday said he sees a $3 trillion deal.

The two-stage deal would include a deficit-cutting mechanism that would kick in should the special committee fail to act. Several people familiar with the talks said a key element could be a new process for sequestering—or holding back—federal spending if lawmakers can’t agree on further deficit reduction.”

Read more:

http://online.wsj.com/article/SB10001424053111903520204576480123949521268.html

Advertisements

Tentative budget deal reached, ABC news reports, Debt ceiling increase, Guarantee an equal amount of deficit reduction

Tentative budget deal reached, ABC news reports, Debt ceiling increase, Guarantee an equal amount of deficit reduction

From ABC News July 30, 2011.

“Democratic and Republican Congressional sources involved in the negotiations tell ABC News that a tentative agreement has been reached on the framework of a deal that would give the President a debt ceiling increase of up to $2.4 trillion and guarantee an equal amount of deficit reduction over the next 10 years.

The details are still being worked out, and a senior White House aide tells ABC News, “talks continue but there is no deal to report.”

Congressional leaders plan to brief their members on the framework tomorrow.  The reaction from both parties’ rank-and-file will determine whether this tentative deal becomes a final deal.

Here, according to Democratic and Republican sources, are the key elements:

•A debt ceiling increase of up to $2.1 to $2.4 trillion (depending on the size of the spending cuts agreed to in the final deal).
•They have now agreed to spending cuts of roughly $1.2 trillion over 10 years.
•The formation of a special Congressional committee to recommend further deficit reduction of up to $1.6 trillion (whatever it takes to add up to the total of the debt ceiling increase).  This deficit reduction could take the form of spending cuts, tax increases or both.
•The special committee must make recommendations by late November (before Congress’ Thanksgiving recess).
•If Congress does not approve those cuts by December 23, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare. This “trigger” is designed to force action on the deficit reduction committee’s recommendations by making the alternative painful to both Democrats and Republicans.
•A vote, in both the House and Senate, on a balanced budget amendment.
Democrats won’t like the fact that Medicare could be exposed to automatic cuts, but the size of the Medicare cuts is limited and they are designed to be taken from Medicare providers, not beneficiaries.”

Read more:

http://blogs.abcnews.com/thenote/2011/07/white-house-republicans-strike-tenative-deal-to-raise-debt-ceiling-.html

Senator Reid debt ceiling vote, Cspan live coverage, July 30, 2011

Senator Reid debt ceiling vote, Cspan live coverage, July 30, 2011

***  UPDATE  ***

House rejects Reid Bill. Democrats joined Republicans to vote it down.

The vote on the Senate version of a debt ceiling bill is about to occur. Watch this live on Cspan.

http://www.c-span.org/Live-Video/C-SPAN/

From the Chicago Tribune July 30, 2011.

“Tense mood as lawmakers struggle for debt deal”

“A bitter mood prevailed on Capitol Hill as lawmakers struggled on Saturday to find a compromise measure to lift the nation’s $14.3 trillion debt limit three days before a deadline to avert a ruinous default.

A day after the Republican-led House of Representatives passed a bill to cut the deficit and raise the cap on government borrowing, the debt saga shifted to the Democratic-led Senate.

Democrats there pushed ahead with their own plan and sought to attract bipartisan support by adding some elements of a plan offered by Senate Republican leader Mitch McConnell.

But 43 Senate Republicans signed a letter rejecting the plan, a sign the measure does not have the support it needs to advance in Congress.

“What will they vote for? Do they have any ideas? Let me know,” Senate Democratic leader Harry Reid said on the Senate floor.

Back-channel talks held the best hope for a compromise. Unless Congress raises the debt ceiling, the government would be barred from further borrowing after Tuesday, according to the Treasury, and could quickly run out of money to pay all its bills.

The world has watched with growing alarm as political gridlock in Washington has brought the world’s largest economy close to an unprecedented default, threatening to plunge financial markets and economies around the globe into turmoil.

McConnell called on Reid to move up a vote that had been set for 1 a.m. EDT on Sunday so the two sides could begin talks with the White House.

“We can’t do it by ourselves, it has to have the only person in America who can sign something into law,” McConnell said.”

Read more:

http://www.chicagotribune.com/business/sns-rt-us-usa-debttre7646s6-20110705,0,7498607.story

House passes Republican deficit plan, July 29 2011, Congress to pass a balanced budget amendment to the Constitution

House passes Republican deficit plan, July 29 2011, Congress to pass a balanced budget amendment to the Constitution

From the Chicago Tribune July 29, 2011.

“The House of Representatives approved a Republican deficit plan on Friday that has no chance of becoming law but could pave the way for a last-ditch bid for bipartisan compromise to avert a crippling national default.

With time running short ahead of a Tuesday deadline to raise the debt ceiling, the Republican-controlled House pushed the deficit-cutting plan through by a vote of 218-to-210 after the party’s leaders reworked the bill to appease anti-tax conservatives in their ranks.

The legislation, denounced earlier by President Barack Obama who had admonished lawmakers to stop wasting time and find a way “out of this mess,” was doomed to defeat in the Democratic-led Senate where all of Obama’s Democrats have vowed to vote against it later on Friday.

But the House vote broke weeks of political inertia and opened the door to talks on a compromise that could pass Congress before Tuesday. That is the deadline to lift the $14.3 trillion U.S. debt limit or else render the world’s largest economy unable to pay all of its bills.

Delays and procedural hurdles will now make it all but impossible for Congress to strike a deal and send it to Obama’s desk until the 11th hour, injecting a dangerous level of uncertainty into already rattled global financial markets. A late deal also raises the prospect of the United States losing its top-notch AAA credit rating.

Both sides have been at impasse for weeks with lawmakers locked in a blame game that has brought the country to the brink of an unprecedented default, which could plunge America back into recession and trigger economic turmoil globally.

World leaders have been stunned by the dysfunction in Washington. World Bank President Robert Zoellick on Friday said the United States was playing with fire.

America’s largest foreign creditor, China, has repeatedly urged Washington to protect its dollar investments and its state-run news agency on Friday said the United States had been “kidnapped” by “dangerously irresponsible” politics.”

Read more:

http://www.chicagotribune.com/business/sns-rt-us-usa-debttre7646s6-20110705,0,7498607.story

Representative Sheila Jackson Lee requests Rupert Murdoch House committee hearings, Obama protected by Murdoch and Fox

Representative Sheila Jackson Lee requests Rupert Murdoch House committee hearings, Obama protected by Murdoch and Fox

“The (American) press, which is mostly controlled by vested
interests, has an excessive influence on public opinion.”… Albert Einstein

“And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″

From The Blaze July 28, 2011.

“The third Muslim radicalization meeting of the House Homeland Security Committee kicked off Wednesday, and while the focus was supposed to be on the Al-Qaeda affiliated al-Shabaab group in Somalia, Representative Sheila Jackson Lee (D- Texas) abruptly changed the subject — first to Rupert Murdoch, then to “right wing ideologues.”

Rep. Jackson Lee submitted for the record a letter requesting the House committee hold hearings on Rupert Murdoch’s alleged hacking into the phones of 9/11 victims.

Then she moved to her primary target, stating ”I would like to have a hearing on right wing extremists, ideologues who advocate violence…and the terrorizing of certain groups:””

Read more:

http://www.theblaze.com/stories/rep-jackson-lee-calls-for-terror-hearing-on-rupert-murdoch-right-wing-extremists/

I am in favor of investigating Rupert Murdoch, Fox and any other mainstream media that have been lying to the American public to protect Obama.

From Citizen Wells July 2, 2011.

“From Accuracy in Media December 7, 2005

“Accuracy in Media (AIM) is urging a full inquiry into a report that a Saudi billionaire caused the Fox News Channel (FNC) to dramatically alter its coverage of the Muslim riots in France after he called the network to complain. The Saudi billionaire, Al-waleed bin Talal, is a friend of News Corporation chairman Rupert Murdoch and controls an influential number of voting shares in the company.

“This report underscores the danger of giving foreign interests a significant financial stake in U.S. media companies,” declared Cliff Kincaid, editor of Accuracy in Media.”

“From Accuracy in Media December 16, 2008”

“Auto company executives may have flown to Washington, D.C. on private jets, as Bill O’Reilly and others noted, but Saudi Arabian Prince Alwaleed bin Talal, who has a major stake in Citigroup and also invests in the Fox News parent company, News Corporation, reportedly lives in a $100-million 317-room Riyadh palace. A nephew of Saudi King Abdullah, Alwaleed has been called the “Warren Buffett of the Gulf” and runs the Kingdom Holding Company.”

“From NPR September 1, 2010.

“The proposed construction of an Islamic center and mosque close to ground zero in New York City has inspired intense scrutiny from news outlets this month — and few have outstripped the Fox News Channel in their interest.

That’s especially true on Fox’s opinion-driven shows in the morning and evening hours. Familiar figures including Sean Hannity and Laura Ingraham have repeatedly asked where the money for the center will come from.

Yet the parent company of Fox News shares a financial backer with the imam who is at the center of the firestorm. The second-largest holder of voting stock in News Corp. is Saudi Prince Al-Waleed bin Talal, a nephew of the Saudi king. And through his philanthropies, Waleed has given generously to initiatives pursued by the imam, Feisal Abdul Rauf.”

“From Citizen Wells February 6, 2011.

“Bill O’Reilly and Glenn Beck continue to insult concerned Americans who question Obama’s eligibility. They refer to them as birthers and right wing nuts. However, even Lou Dobbs while still at CNN asked why Obama doesn’t present a legitimate birth certificate.””

“A disturbing trend has developed at Fox. Bill O’Reilly misled the American people for several years by stating that he had done research and that Obama was born in Hawaii. We recently got confirmation that he relied on the birth announcements. Now Jana Winter misrepresents what the Adobe software expert has said.

Did Fox make a deal with the devil?”

Read more

From Citizen Wells July 16, 2011.

“The scandal is expanding rather than fading because it is clear that Murdoch employees engaged in numerous dirty tricks to obtain information.

The FBI has opened a preliminary review into News Corp., trying to determine if employees hacked into the phones of victims of the Sept. 11, 2001, terror attacks. Agents are trying to figure out if they should progress to a full investigation and if U.S. law gives them jurisdiction to bring charges.”

Read more

ATF Manager shared Fast and Furious with White House, Can Obama throw Holder under bus?, Bill Newell and Kevin O’Reilly

ATF Manager shared Fast and Furious with White House, Can Obama throw Holder under bus?, Bill Newell and Kevin O’Reilly

“Who will Obama throw under the bus next?”…Citizen Wells et al

From CBS News July 26, 2011.

“TF Manager says he shared Fast and Furious Info with White House”

“At a lengthy hearing on ATF’s controversial gunwalking operation today, a key ATF manager told Congress he discussed the case with a White House National Security staffer as early as September 2010. The communications were between ATF Special Agent in Charge of the Phoenix office, Bill Newell, and White House National Security Director for North America Kevin O’Reilly. Newell said the two are longtime friends. The content of what Newell shared with O’Reilly is unclear and wasn’t fully explored at the hearing.
It’s the first time anyone has publicly stated that a White House official had any familiarity with ATF’s operation Fast and Furious, which allowed thousands of weapons to fall into the hands of suspected traffickers for Mexican drug cartels in an attempt to gain intelligence. It’s unknown as to whether O’Reilly shared information with anybody else at the White House.
Congressional investigators obtained an email from Newell to O’Reilly in September of last year in which Newell began with the words: “you didn’t get this from me.”
“What does that mean,” one member of Congress asked Newell, ” ‘you didn’t get this from me?’ ”

“Obviously he was a friend of mine,” Newell replied, “and I shouldn’t have been sending that to him.”
Newell told Congress that O’Reilly had asked him for information.”

Read more:

http://www.cbsnews.com/8301-31727_162-20083772-10391695.html

Attorney General Eric Holder committed perjury recently when he lied to Congress about when he knew about project Fast and Furious. There have been rumors about Holder being forced out. Can Obama throw Holder under the bus now?

Obama Larry Sinclair Donald Young, Washington DC gathering, Presidents Park White House Sidewalk, Who murdered Donald Young?

Obama Larry Sinclair Donald Young, Washington DC gathering, Presidents Park White House Sidewalk, Who murdered Donald Young?

“Why have so many forces expended so much time and money to attempt to silence Larry Sinclair?”…Citizen Wells

Quite a few people tied to Obama in Chicago and Illinois have been murdered or died under questionable circumstances. Donald Young was the choirmaster at TUCC, Barack Obama’s church and Obama knew Young.

From Larry Sinclair July 28, 2011.

“Larry’s Washington DC Gathering Guidelines (Join Us)”

We want to encourage as many of you as possible to join Larry and others in Presidents Park White House Sidewalk. While we want to encourage others to join in this First Amendment activity of  seeking Justice for Donald Young,  Larry wants to set out a few rules.

We will be on National Park Service property and we expect any and everyone who participates in this event to comply with NPS Rules at all times.

We will be on the White House Sidewalk and will at all times conduct ourselves in a polite and respectful manner. If at any time you are confronted by any counter protester you are asked to remain respectful and polite regardless of what any counter protestor might say or do.

The White House Sidewalk in Presidents Park also falls within the jurisdiction of the Uniformed Division of the United States Secret Service. If you are asked by anyone to leave the area, be polite and respectful and kindly inform them that you are participating in a First Amendment activity for which a Permit was obtained and that you are there legally.

In the event of any violations of the NPS Rules; anyone fails to conduct themselves in a peaceful, polite & respectful manner; or anyone creates any disruption of any other lawful activity you will be asked to leave.

We want people to understand that the purpose of these events are to ask for Barack & Michele Obama to answer questions about their relationship(s) with the murdered Donald Young and to seek Justice for Donald Young.

Participants are asked to carry hand made/hand held signs asking “Justice For Donald Young?” “Mr. Obama What Was The Secret Worth Donald Dying For?” In addition it would be great if participants would wear a simple white t-shirt with the image of Donald Young on the front & back

(you can make these with iron on transfers for less than $10.00) with the words “Justice for Donald Young” and “Mr. Obama What Was The Secret Worth Donald Dying For?” on the back.

Please contact Larry at larry@larrysinclair.org with any questions about next weeks White House gathering.”

Read more:

http://www.larrysinclair.org/