[jeffkrol]

John Boehner fires opening shot in potential debt-ceiling showdown - CSMonitor.com

If Pr

esident Obama and congressional Democrats want to raise the debt ceiling, Mr. Boehner will say in a speech later on Tuesday, they're going to have to hew to what might be called the Boehner principle: Every dollar of new debt must be paid for by at least a dollar of reduced government spending.

“This is the only avenue I see right now to force the elected leadership of this country to solve our structural fiscal imbalance," Boehner will say, according to excerpts of his remarks at the Peter G. Peterson Institute in Washington

boner principal...........


Taxmageddon sparks rising anxiety


By Lori Montgomery and Rosalind S. Helderman, Published: May 14

Defense contractors have slowed hiring. Tax advisers are warning firms not to count on favorite breaks. And hospitals are scouring their books for ways to cut costs.
Across the U.S. economy, anxiety is rising about the potential for widespread disruptions after the November election, when a lame-duck Congress will have barely two months to resolve a grinding standoff over taxes and spending.
The halls of the U.S. Capitol are already teeming with people warning of disaster if lawmakers fail to defuse a New Year’s budget bomb scheduled to raise taxes for every American taxpayer

and slash spending at the Pentagon and most other federal agencies.

Taxmageddon sparks rising anxiety - The Washington Post

Truly the nuts are running the asylum.................i

[kenafein]

I really hate that guy.