Reporting from Washington — As negotiators reconvened at the White House on Wednesday for another round of debt talks, House Republicans appeared to dig in even deeper in their resistance to any sort of deal to raise the federal debt ceiling even as one party leader foretold disaster for the GOP if its members failed to act.
Mitch McConnell, the Senate minority leader who has proposed a fallback plan that would likely ensure the $14.3-trillion debt limit would be raised, said in a radio interview that a default by the United States could critically damage his party heading into the 2012 elections.
A default, McConnell told talk show host Laura Ingraham, “destroys your brand.”
The Kentucky senator said the economic consequences of a default would give President Obama an opportunity to blame the GOP for the country’s economic straits. “Look, he owns the economy,” McConnell said. “He’s been in office for three years. We refuse to let him entice him into co-ownership of a bad economy.”
McConnell said that at this point the GOP had two choices: Either make a bad deal — from their perspective — with Obama or take the country into default, which, McConnell suggested would do even more damage to the party. He compared the situation to 1995, when the GOP forced a government shutdown.
“We know that’s going to happen. Just like we knew shutting down the government in 1995 was not going to work for us,” he said. “It helped Bill Clinton get reelected. I refuse to help Barack Obama get reelected.”
(Excerpt) Read more at latimes.com …
Mom Arrested After Refusing TSA Molestation of Daughter CFC36363974842613260D2C3B96FF4
Abbott said she did not want her daughter to be “touched inappropriately” or have her “crotch grabbed,” according to a police report.
“(She) told me in a very stern voice with quite a bit of attitude that they were not going through that X-ray,” Sabrina Birge, an airport security officer, told police.
While his former colleague at the Quantum Fund, George Soros, was busy discussing the euro zone sovereign debt crisis, Jim Rogers chose to focus this week on the fiscal problems facing the United States.
In an interview on Fox Business News, the legendary investor provided his latest scathing criticism of American politicians and the federal government as a whole.
“They will probably raising the debt ceiling and announce some kind of wonderful deal, which they will promptly ignore,” Rogers contended. “The United States is not going close down. It might be good for the world if the United States closed down for a while, but I can’t see that happening. Something will happen, things will look better, but then in six months or a year, things will be worse again.”
“We are going to default one way or the other but they may not call it default. These debt reduction talks are a sham.”
Nowhere in his discussion of how General David Petraeus will fare when he takes over the CIA in August does Washington Post columnist David Ignatius challenge the basic operation of the Agency itself. His article of July 8th asks what sort of agenda Petraeus will pursue and concludes, “America needs a great intelligence service, and it will soon have a director whose ambition matches the agency’s mission.”
Within the parameters of his vision, Ignatius’s article makes perfect sense. He is right on the mark when he writes, “This is a bruised organization, wounded by so many years of public criticism, and it needs a leader, not a martinet.” Where The Post columnist errs, however, is that “the many years of public criticism” does not cause him to reflect on whether the Agency is worth salvaging. This lack of questioning, much less exposing, what are essentially massive and ongoing criminal activities by the CIA directed from the White House typifies how far The Post has slipped since the days it refreshed the practice of journalism by exposing the Watergate scandal.
Ignatius writes that Petraeus will be a Director who told the Senators that confirmed his nomination he will listen to the dissenters and grumblers in the Agency and answer his own e-mail and that on some days he would even eat in the employee cafeteria. (Wow, what a guy, huh?)
RUSH: Well, we knew it was gonna get to this point. The Republicans are nervous, some of them are very nervous, and a few of them are outright paranoid.
Hi, folks, great to have you back, Rush Limbaugh, already the middle of the week here on the Excellence in Broadcasting Network. Our telephone number is 800-282-2882. You want to send an e-mail, the address, ElRushbo@eibnet.com.
About this time yesterday we quoted Senator Mitch McConnell as saying nothing substantive will ever get done in this country until Barack Obama is removed from the Oval Office. As long as Obama’s in the Oval Office nothing is gonna get done. All right, fine. And I said I don’t know how you walk that back. But he did. I sat here and I mean we were ladling praise out. We’re just not used to hearing Republicans talk that way. Now, Trump, you know, say what you want about Trump, Trump showed the way here. Trump showed how you rattle Obama. Trump showed how you get under the thin skin of Obama and how you get him off his game. Trump showed that. You just go right after him. You just get rid of all your fear. You get rid of whoever you’re gonna offend or what the press is gonna say about you and you just tell people the truth. And Obama can’t deal with that. He’s never had to deal with that his whole life. He’s led a very sheltered, protected, you know, whenever he got a C, always somebody around to make it an A, maybe an A-.
But you go out and make that really powerful statement, which has the added benefit of being true. We’re not gonna get anything seriously accomplished as long as he’s in the Oval Office, as long as he’s president. Gotta be defeated. And then a few hours later after not telling anybody, you submit a plan without running it by your colleagues, and everybody is asking of me what I think of this. The number one problem I have with it has nothing to do with its substance. There’s some problems I had, but it shows weakness. My gosh, we’ve got Obama and the Democrats predictably following every page in their playbook, knowing exactly what they’re gonna do before they do it, scaring senior citizens, and the minute they come out with that, here’s this proposal that basically shows panic. To me it reeked of a lack of resolve. I think Obama needed to think that these Republicans were serious about taking this to the end and now he knows that they’re not. Now he knows the Republicans are not united on that concept. Now he knows that there are