Western New York and the Southern Tier have my unwavering commitment that I will continue to fight for fiscal sanity and government accountability in our nation’s capital.–Rep. Langworthy The president and his negotiators believe they worked out a deal that … Continue reading
Posted in Congress, Economics, Political Tagged 2023, debt ceiling, Fiscal Responsibility Act, Jim Tankersley, Liberty Financial News, The New York Times
The validity of the public debt of the United States, authorized by law … shall not be questioned.–Fourteenth Amendment The Fiscal Responsibility Act is a historic deal for American taxpayers that will get our country back on the path to … Continue reading
Posted in Congress, Economics, Political, Uncategorized Tagged debt, Default, President Biden, Rep. Langworthy, Robert Reich
Nothing has ever been achieved by the person who says “it can’t be done. — Eleanor Roosevelt, 1960 Agnes Chang and Keith Bradsher, in a May 16, 2023 article in The New York Times, discuss battery technology. They write: Despite billions in … Continue reading
Posted in Economics Tagged “The New York Times”, automobiles, Battery technology, China, Foresight, Investment, Numerical control
Certainly labor, number one concern, every employer, every sector of the economy that I’ve talked to. Keeping workers is hard. There are perhaps people that don’t really want to work, and I’m sorry, but we can’t be all things all … Continue reading
Posted in Congress, Economics, Political Tagged Rep. Langworthy, Work
Seventeenth century pirate crews were nominally democratic much like today’s House. They had norms and rules. The Captain held office at the pleasure of the crew. As in Treasure Island, the Captain could be given “the black spot,” a demand … Continue reading
Posted in Congress, Economics, Political Tagged black spot, Blackbeard, debt ceiling, Speaker McCarthy, Treasure Island, vacate the chair
The possibility that the federal government will soon be unable to finance its normal operations has become very real. As I wrote in my last column, this won’t be because investors view U.S. debt as excessive; America in 2023 isn’t Greece … Continue reading
Posted in Political, Congress, Constitution, Economics, President Tagged debt ceiling, Paul Krugman, Wu, Smialek
It’s unlikely that this situation will be resolved with something resembling the deal that ended the debt ceiling crisis of 2011. Democrats have gotten somewhat tougher: They believe that President Barack Obama gave in to blackmail, and they won’t do it … Continue reading
Posted in Congress, Economics, Political Tagged debt ceiling, Paul Krugman, Problem Solvers Caucus, Sheldon Jacobson
He’s (McCarthy) performed better than I thought he would.–Rep. Andy Biggs (R-AZ) McCarthy will always have little wiggle room. He will have to walk a tightrope.–Jeffery A. Jenkins, Professor of Public Policy at USC Lisa Mascaro, writing for the Associated … Continue reading
Posted in Congress, Economics, Political, Uncategorized Tagged First 100 days, Hastert Rule, John Nance Garner, Kevin McCarthy, Lisa Mascaro
The government you elect is the government you deserve.— Thomas Jefferson Do we want no more than circuses from our government? It seems so. Why else would we elect clowns as our representatives–you know who some of them are. Why do we tolerate political … Continue reading
Posted in Congress, Economics, Political, Taxes, Uncategorized Tagged Amo Houghton, Daniel Patrick Moynihan, debt ceiling, Thomas Jefferson
I have no idea what will happen if, as seems all too possible, we end up defaulting on debt payments because a Republican House refuses to raise the debt ceiling. But it’s not likely to be good. Who will trust … Continue reading
Posted in Congress, Economics, Education, Political Tagged debt ceiling
