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The Senate's turn: Reid alters debt plan to attract GOP support — Senate Majority Leader Harry Reid (D-Nev.) has revised his plan to raise the debt limit in a last-ditch bid to attract Republican support. — The biggest change is that Reid would give the president almost unilateral power …
Discussion:
Washington Post, Hot Air, The Daily Caller, Crooks and Liars and americanthinker.com
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Kyl: Dems using debt debate for ‘much broader tax increases’ — Republicans have tried to work with Democrats to solve the debt crisis, but “behind the scenes” Democrats insisted on hug tax increases, Sen. Jon Kyl (R-Ariz) said Saturday. — “Unfortunately, after weeks of negotiations …
Discussion:
The Moderate Voice, CNN, TPMDC, Christian Science Monitor and Bloomberg
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Senate quickly tables Boehner debt plan
Discussion:
Los Angeles Times, A plain blog about politics, Le·gal In·sur·rec· tion and Washington Post
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Intense talks under way between Senate Dems, GOP on debt deal
Discussion:
Riehl World View, Outside the Beltway and Daily Kos
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Over to You, Harry — Thankfully, the House passed Boehner 3 tonight, 218-210.
Discussion:
Viking Pundit and The Hill
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Obama Approval Drops to New Low of 40%
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Scared Monkeys, Don Surber, Hot Air, Pajamas Media, The Note, JammieWearingFool, Reuters, Taylor Marsh, Politics, Firedoglake, Michelle Malkin, Top of the Ticket, The Monkey Cage, Outside the Beltway, GOP 12, TPMDC, Fox News, The Politico, Shakesville, The Hill, Weasel Zippers, The Daily Caller and The Hill
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Whom will the public blame for debtageddon?
Discussion:
Althouse, No More Mister Nice Blog, Pajamas Media and Hullabaloo
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Scott Brown may support Reid plan
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CNN, Washington Post, Hot Air and Weasel Zippers
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The no votes: 22 GOPers who balked Boehner — Speaker John Boehner pushed his debt-ceiling bill through the House Friday night with the support of 218 Republicans. Here are the 22 no votes: Mick Mulvaney (S.C.) — CORRECTED: Rep. Tom Price (R-Ga.) voted YES on the Boehner bill.
Discussion:
No More Mister Nice Blog, The Caucus, Swampland, americanthinker.com, Pajamas Media and The Other McCain
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Boehner: ‘I stuck my neck out a mile’ for debt-ceiling deal with White House — A defiant House Speaker John Boehner (R-Ohio) late Friday defended his debt-ceiling plan by saying it is the only viable plan on paper so far. — The Speaker said he'd risked political capital and stuck his neck …
Discussion:
Opinion L.A., Crooks and Liars and YID With LID
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Senate Tables Boehner Bill
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New York Times, UPI, Firedoglake, Outside the Beltway, Liberal Values and Alan Colmes' Liberaland
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Boehner's Last Word as Debate Crosses Capitol
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National Review, Weasel Zippers, Mashable!, Wonkette and Connecting.the.Dots
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Boehner's problem: His party doesn't like compromise
Discussion:
Political Punch, A plain blog about politics, The New Republic, Democracy in America and The Daily Dish
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Huntsman makes his pitch to college students
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The Politico, The Note and Pajamas Media
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How big is the House GOP's sane contingent?
Discussion:
American Power, rubber hose and Mother Jones
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Obama demands plan by Tuesday — Just days ahead of the Aug. 2 debt ceiling deadline and as partisan rankling continued on Capitol Hill, President Barack Obama urged Congress to show him a plan that would divert the country from national default by Tuesday.
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Weasel Zippers, Riehl World View and Right Wing News
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WEEKLY ADDRESS: Acting Responsibly on Behalf of the American People — WASHINGTON—In this week's address, President Obama urged both Republicans and Democrats to take action to avoid defaulting for the first time in our nation's history. While the two parties are not far apart in their goals …
Discussion:
JustOneMinute and The Gateway Pundit
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Obama: House Republicans wasted ‘precious days’ with Boehner plan — President Obama used his his weekly address to call out House Republicans for holding up the process of getting “our fiscal house in order.” — “Republicans in the House of Representatives just spent precious days trying …
Discussion:
The Hill
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Behind the D.C. Slugfest — About 50 percent of taxpayers don't pay federal income taxes. Almost half of American adults receive either the majority of or all of their income in some form from government. They are naturally desirous of even more entitlements, in the sense that even higher taxes …
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President Barack Obama takes debt battle to Twitter, loses more than 40,000 followers in one day — President Obama brought his debt battle to Twitter and he lost - more than 40,000 Twitter followers. — Obama asked Americans Friday to call, email, and tweet Congressional leaders to …
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NationalJournal.com, Hot Air, The Atlantic Wire and Weasel Zippers, more at Techmeme »
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The Corrosion of the Conservative Economic Mind — First Michael Boskin, now John Taylor: there seems be an epidemic of politically conservative economists who used to be technically competent repeating the obviously wrong falsehood that Reagan ushered in an era of “unprecedented” growth.
Discussion:
Grasping Reality … and National Review
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Charles Krauthammer Scolds Margaret Carlson for Saying Tea Party ‘Strapped Explosives to the Capitol’ — Bloomberg's Margaret Carlson on Friday accused the Tea Party of wanting “to burn the place down” and having figuratively “strapped explosives to the Capitol” during debt ceiling negotiations.
Discussion:
Don Surber and The Gateway Pundit
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After the Crash? Or Before the Deluge? — I'm anchored for the day in calm waters off the southern Irish coast near Waterford, so the smoke-signal Internet system is working a little bit. The debt ceiling controversy is on people's minds even over here, too.
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Bill Maher on the Controversial Ground Zero Cross: Remember Norway? — A cross of steel beams that remained among the rubble of the World Trade Center after the 9/11 attacks, and which became a beacon of hope for Christian rescue workers and mourners, has now become a symbol of controversy …
Discussion:
Weasel Zippers, Guardian, How Appealing and New York Times
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The Truth About Federal Spending — Whenever someone like me or Bruce Bartlett points out how little Obama resembles the right's portrait of a raging leftist, someone is sure to come back with the assertion that Obama has presided over a vast expansion of federal spending.
Discussion:
The Big Picture, Balloon Juice and Firedoglake
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Could a U.S. debt downgrade trigger a financial crisis? — As we approach Treasury's debt-ceiling deadline, attention has shifted from the risks of a default on Treasury debt to the risk of a downgrade of U.S. credit. Many are asking whether a downgrade could itself lead to a financial crisis.
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Politics