In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR


The Obama Morning News || August 2, 2011

The House approved the debt ceiling increase by a 269-161 vote. The Senate is expected to pass it today, just hours before the midnight deadline. Both Parties are finding fault with the bill.¬†Wondering how your Rep voted? Here’s¬†the roll call.

Liberals are furious, feeling like they’ve been rolled and President Obama allowed it. Fifty nine GOP freshman supported the deal, while only 28 voted against it, though assuredly none of them liked it. Almost all GOP presidential hopefuls oppose the bill, or seem to.

The Pentagon faces billions in cuts, but it’s unclear exactly how much.

Many lawmakers express frustration at being forced to vote on major legislation they don’t have time to read. Given the number of Republicans who supported the measure, Obama might have gotten more.

POLITICO has a behind the scenes look at how the deal went down.

The compromise achieves little and only delays what most see as the country’s key financial decision: whether to raise taxes or reduce Medicare, write the Los Angeles Times.

Treasury Secretary Tim Geithner says he’s not sure whether the United States will keep its AAA rating or not.

Rep. Gabrielle Giffords (D-Ariz.), still recovering from a gunshot wound, made a surprise return to cast a vote.

In other news, Israeli Prime Minister Benyamin Netanyahu appears to have accepted Obama’s demand to negotiate based on the 1967 borders.

Private health insurers must now give birth control and other women’s health tests for free, the Obama administration said.

And an ex-staffer says Newt Gingrich pays for fake Twitter followers. Newt denies.

13 thoughts on “The Obama Morning News || August 2, 2011”

  1. How is it remotely possible that the US keeps it’s AAA rating? If I was in debt beyond my ability to pay it off within the next two decades and decided to charge a little more to my credit card, my credit rating would plunge into the toilet. But if Geithner isn’t smart enough to file his taxes properly, he’s not smart enough to realize this.

  2. MsGiffords progress to recovery is testament to her will and the skill of all the medical practicioners. We all pray for her continued improvement and for the recovery of all those who survived the madman’s shooting rampage.

    Ordering health care insurers to provide ‘free’ birth control to women is on the same level as providing men with, um, male preformance drugs.

    While there is a sense that the tea party activists won this debt battle comedy, nothing has changed and we’re deeper in debt. With the Left wailing about their new restraints on spending money we don’t have, the new budget goes on almost as the old budget. Millions, billions and even trillions will be flung from DC to everyone and everything except the people who provide the funds.

  3. I sure do love my Bibi, he’ll accept negotiations based on 1967 borders IF they recognize an Israeli state. Well, that’s not ever gonna happen!! But he’ll still look like he’s stonewalling to the rest of the world. *sigh*

  4. It will assure me that they are all in cahoots with each other if we are able to keep our AAA rating after the politicians joined hands and sang kumbayah to the tune of $2.4 trillion. Another historic accomplishment for the historic president.

    From what I recall September 1 is the start of the new fiscal year. What ever happened to the FY 2012 budget? Is the House going to follow the Pelosi plan of passing one continuing resolution after another? Nothing ever changes…new boss in the House is the same as the old boss.

    1. My mistake – October 1 is the start of the fed fiscal year. Plenty enough time for them to have their August break and create another crisis.

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