Running On Empty

Actually, we’re running beyond empty now. The United States can’t legally borrow any more money until Congress acts to raise the debt ceiling.

US government hits debt ceiling, lighting 11-week fuse

Treasury Secretary Timothy Geithner informed Congress on Monday that the United States has reached its legal debt limit, setting off a ticking time bomb that could explode in less than three months if lawmakers can’t bridge differences and allow more government borrowing.

In hitting the $14.3 trillion debt ceiling – the limit on how much the government can borrow – the Obama administration on Monday began temporarily halting payments to the retirement and federal pension accounts of federal workers and started borrowing from those funds, to be restored later.

Geithner sent a letter to Senate Majority Leader Harry Reid, D-Nev., warning that the government can move money around for about 11 weeks but if a new debt ceiling isn’t agreed to by Aug. 2, the U.S. government could effectively default on its obligations to its creditors. He warned of “catastrophic economic consequences for citizens” unless Congress raises the debt ceiling.

An increase of about $2 trillion is expected, enough to get the issue past the 2012 elections before Congress would have to lift it again.

Republicans who control the House of Representatives vow to link raising the debt ceiling to cuts in government spending of at least equal measure. In a combative statement Monday, House Speaker John Boehner, R-Ohio, upped the ante.

“As I have said numerous times, there will be no debt limit increase without serious budget reforms and significant spending cuts, cuts that are greater than any increase in the debt limit.” Boehner has called previously for $2 trillion in spending cuts as part of any deal to raise the debt ceiling.

See also:
US hits $14 trillion debt limit
US Hits Debt Ceiling, But Treasury Market Rules Out Default For Now
Deja Vu, But No Disaster: U.S. Government Hits Debt Ceiling
U.S. Hits Debt Limit, Sky Doesn’t Fall
U.S. hit debt limit today
Treasury Tapping Federal Retirement Accounts to Stave Off Default
Turbo Tim Raids Pension Plans
With Debt Limit Maxed Out, Lawmakers Hold Firm On Remedy
Rep. Jordan: U.S. won’t default if debt ceiling isn’t raised
U.S. National Debt Clock

Well, we hit the debt ceiling and, despite all the Democrat Chicken Little hysteria, the Sun didn’t explode, the seas didn’t boil, and the markets didn’t plunge thousands of points. Go figure.

/all I can say is that the Republicans had better stand firm and hold their ground this time and hold out for concrete, verifiable spending cuts that at least equal the amount of any debt limit increase

Advertisements

The 2010 Aftermath

Not total victory, but all in all, it was a very good day for Republicans.

After GOP landslide of Election 2010, what next for Obama?

The Republican Party has swept the Democrats out of power in the House and gained seats in the Senate, sending a strong message of voter discontent to President Obama on the economy.

Republicans scored at least a 60-seat gain in the House, the biggest partisan shift since the Democrats lost 75 House seats in 1948. In the Senate, the Republicans fell short of the 10 they needed to take control, and failed to capture their most-hoped-for quarry: the seat of Senate majority leader Harry Reid (D) of Nevada, who defeated tea partyer Sharron Angle by five percentage points. It is the first time in 80 years that the House has changed hands without the Senate following.

The historic wave that makes Rep. John Boehner (R) of Ohio the expected next speaker of the House also hands Mr. Obama the biggest challenge of his political career. Suddenly, the president has no choice but to work toward his unfulfilled 2008 campaign promise of greater bipartisanship. The alternative is gridlock and the appearance of ineffectiveness. But if Obama concedes too much to the Republicans, he risks losing the support of his Democratic base when he runs for reelection in 2012, as expected.

Maybe even more impressive and certainly just as important was the Republican near sweep at the state level. Republicans will now be in charge of redistricting in the majority of states, which will set legislative boundaries for the next ten years.

Forget D.C., look what Republicans won in state legislatures

This is especially important in years ending in ’00 because these newly elected governors and state legislators will (with the exception of California) be the ones redrawing legislative and congressional district lines that will stand for the next decade until the 2020 census. And occupying the governor’s mansion puts that party in control of an immense statewide political apparatus to help its presidential ticket two years hence.

Come January, Republicans will now run crucial governors’ offices in….

…major presidential battleground states like Florida (Rick Scott), Ohio (John Kasich), Pennsylvania (Tom Corbett) and Iowa, where former Gov. Terry Branstad returns. New Mexico voters elected their first female governor, Republican Susana Martinez, a Latino. Sometimes-maligned South Carolina voters chose Nikki Haley, who is not only the state’s first female governor but only the nation’s second of Indian American descent (Louisiana’s Bobby Jindal being the other.) Oklahoma also picked its first female governor, Republican Mary Fallin.

According to the authoritative Stateline.org, the country’s contests for governor and lieutenant governor cost $850 million. Heading into 2012, the GOP will control at least 29 of the 50 governor’s suites.
Perhaps more importantly, the Republican wave at the national level was also felt at the grass-roots level, where Republicans gained control of at least 19 more state legislative chambers, possibly two dozen as vote-counting continues.

The GOP will have a majority in at least 54 of the 99 state legislative chambers, including a minimum of 53% of state legislature seats (about 3,900). That’s the most the party has controlled in 82 years — and up about 700 seats from Monday.

Of course, we didn’t win them all and this one personally sticks in my craw. If it wasn’t for third party spoiler candidate Tom Horner (former Republican), Republican Tom Emmer would already easily be the next Governor of Minnesota. Mark Dayton should send Horner some flowers or candy or a tip or something.

Guv’s race: Long ride, no end in sight

A seismic shift in Minnesota’s political landscape unfolded Wednesday as the most game-changing election in a generation sent Republicans and the DFL scrambling for the last undecided prize — the governor’s office.

DFLer Mark Dayton unofficially leads Republican Tom Emmer by 8,856 votes — a margin so slight that it could trigger a hand-ballot recount for the second election cycle in a row.

Officials began the tedious, nerve-wracking task of locking up ballots, which both parties may guard around the clock.

The day’s events placed the state, yet again, in political suspended animation, awaiting the prospect of another recount brawl that could take months to resolve and get tangled in the courts.

See also:
2010 Elections Exit Poll Analysis: The Political Price of Economic Pain
Election Day 2010 and its aftermath
Exit polls Election 2010
Karl Rove, U.S. Chamber Amass Winning Record in 2010 Elections
Tea Party Top 10 biggest winners and losers
Statehouse wins put GOP in redistricting driver’s seat
Vote 2010 Elections: What’s Your Reaction to Republicans’ Big Win?
With 2010 Behind Us, A Look Ahead To 2012
Republicans celebrate, outline legislative goals
In Social Media Election, The GOP Capitalizes
How will Obama react to GOP gains?

Tuesday’s vote was an absolute thumping repudiation of Obama and the Democrats and their big government, far left agenda. Now that the Republicans have a tight leash on the Democrats, will the Democrats learn to play ball in the poetical center? Will the Democrats learn to at least read the destructive legislation they vote to cram down the throats of the American taxpayers, over the vociferous objections and protestations of the electorate.

/because, if the Democrats don’t learn their lesson this time, they’re going to get thumped even harder in 2012, the American people have spoken and they’ve had enough of Obama and the Democrats’ progressive socialism

Vote, Damn It!

You’ve waited two years for this, NOW GET OFF YOUR ASS AND VOTE!

/Michael Ramirez

Take America back from the hateful morons that are destroying this country.

Stick a fork in their ass, straight up!

/vote Republican!

I Can See November From My House

It’s 27 days away and counting down.

/Michael Ramirez

See also:
GOP Widens Lead in Generic House Ballot, CBS Poll Finds
Democrats’ Troubles: The Bigger Picture
Democrats’ struggles with working class whites (and why it matters)
Political Wisdom: Measuring the GOP Wave
Republicans have mid-term muscle: Worthington
Obama’s Approval Plummeting and GOP Surges in Generic Ballot, So CBS Sets Out to Discredit Tea Party
Poll: Republicans remain revved up about Nov. 2 elections
The Enthusiasm Gap Is Killing Democrats in the 2010 Election
Gallup Likely Voters Looks Like Waterloo for Dems
Election Forecasts Favor Republican Gains in Midterm
Gallup: Poll of ‘likely voters’ portends big House gains for Republicans
Poll: ‘Likely voters’ favor GOP

Over the last two years, Obama, Pelosi, Reid, and the Democrats have brought America to her knees with their progressive/socialist agenda. Well, it’s time to take our country back. Pummel the Democrats with your votes on November 2nd, even if you have to crawl over broken glass to do it. Only YOU can save the United States.

/and give no quarter, remember, if it isn’t close, they can’t cheat

Just Say No To Insult To Injury

Says it all.

/Michael Ramirez

See also:
Hamas leader: Ground zero mosque must be built
‘Ground Zero mosque must be built’
Hamas Backs Ground Zero Mosque
Reid Breaks With Obama Over Proposed Ground Zero Mosque
Sen. Harry Reid Breaks With Obama Over ‘Ground Zero Mosque’
Harry Reid: Ground Zero Mosque “Should be Built Some Place Else”

/I predict that a mosque at the location in question will never be built

In Your Face Obama And Reid!

After billions of dollars spent and decades of study and construction of the Yucca Mountain Repository, while nuclear waste has literally been piling up at nuclear power plants across the country, the Obama administration and Harry Reid conspired to abruptly pull the plug on the project, just as it was getting set to start receiving waste. Why? Because Democrats don’t like nuclear power (or electricity generation in general, for that matter) and if there’s nowhere to permanently store the nuclear waste, there won’t be any new nuclear power plants built. Well guess what? The battle for Yucca Mountain isn’t over yet.

Panel Blocks Move to Scrap Yucca Site

Federal regulators on Tuesday denied a request by the Obama administration to withdraw an application for the first national nuclear-waste repository at Yucca Mountain in Nevada.

A three-judge Nuclear Regulatory Commission panel said that Energy Secretary Steven Chu doesn’t have the power to withdraw the application because 1982 law “does not give the secretary the discretion to substitute his policy for the one established by Congress.”

The administration said in March that it would withdraw the application. The move marked a victory for Sen. Majority Leader Harry Reid, (D., Nev.), who has made killing the Yucca Mountain project a priority. Mr. Reid is running for re-election this year in a tough race.

The Energy Department’s application to develop Yucca Mountain as a nuclear waste repository has been pending with the NRC since June 2008, when the Bush administration applied for the license.

Utility operators had expressed concern at the Energy Department’s decision to withdraw the permit application, saying that without progress toward developing a permanent nuclear-waste storage facility some states could refuse to permit new nuclear power plants.

The nuclear industry has contributed about $10 billion to a fund to develop a permanent national waste facility.

See also:
NRC panel: Nuclear waste dump process continues
Energy Dept. Cannot Drop Nuclear Waste Plan
Panel’s decision keeps Yucca Mountain alive
DOE can’t scrap Yucca plans, panel says
RJtv YUCCA MOUNTAIN: NOT DEAD YET
Yucca Mountain: Nuclear Waste in Nevada
Eureka County, Nevada — Yucca Mountain.org
Yucca Mountain nuclear waste repository
The Democrat War On Electricity

Of course, the Obama administration won’t take no for an answer and will continue to try and sabatoge the Yucca Mountain Repository because nuclear power is bad. Let’s just hope we can get Yucca Mountain open, so that we can move all the nuclear waste from all across the country to a centralized storage facility, for safety and security reasons, and then maybe we could actually build some new nuclear power plants, like we already should have been doing for the last thirty years.

/it would probably also help to vote Democrats out of office this coming November, so they can no longer obstruct a rational U.S. energy policy

Democrats Clamor For Market Chaos, DJIA 9000

And you thought today’s 200+ DJIA loss sucked? It could get seriously out of control by Monday.

Bernanke faces new opposition from Democrats

Federal Reserve Chairman Ben Bernanke’s nomination to a second term is in fresh jeopardy because of growing opposition from Senate Democrats, who have been battered by public anger about the economy and the political setback of losing a Massachusetts Senate seat to the Republicans this week.

At least four Senate Democrats have said they will oppose President Barack Obama’s decision to renominate the Fed chairman. Critics of Bernanke, who was named to his first term by former President George W. Bush, are pressing the case that he was an architect of policies that helped drag the U.S. into a period of recession and high unemployment. His term expires Jan. 31.

“It is time for a change,” Sen. Barbara Boxer, D-Calif., said Friday, hours after Sen. Russ Feingold, D-Wis., announced his opposition to Bernanke.

“It is time for Main Street to have a champion at the Fed,” Boxer said. “Our next Federal Reserve chairman must represent a clean break from the failed policies of the past.”

Bernanke received an important boost late Friday, when Senate Majority Leader Harry Reid, D-Nev., endorsed the renomination. But several other Democrats remained noncommittal.

Amid uncertainty about Bernanke’s fate, the Dow Jones industrial average dropped nearly 217 points, or 2.1 percent, on Friday, after falling sharply a day earlier on Obama’s announcement that he would pursue strict new banking regulations.

See also:
Bernanke’s Nomination in Trouble
Bernanke Reconfirmation Delay Adds to Market Uncertainty
Populist backlash puts Federal Reserve Chairman Ben Bernanke under siege
Growing opposition puts Bernanke approval in question
Opposition Grows Against Second Term for Bernanke
Wall St Week Ahead-Investors brace for earnings, Bernanke vote

Bernake is not perfect but he is the embodiment of market stability as far as investors worldwide are concerned. These frivolous Democrats had better come to terms with economic reality over the weekend and stop grandstanding.

/if this isn’t resolved over the weekend, brace for impact!