After first threatening to destroy the American economy if Obamacare wasn't defunded or delayed, desperate House Republicans have sent the President a new ransom note. Now, the GOP will grant a six-week extension to the debt ceiling and reopen the government if President Obama, among other things, accepts cuts to mandatory spending programs including Medicare […]

Having discovered that their shutdown of the federal government has made them less popular than the Ebola virus, House Republicans are backing away from their blackmail that Obamacare be delayed or defunded. But John Boehner's new ransom note is almost as preposterous. In exchange for a short-term increase in the debt ceiling that would only […]

Health and Human Services Secretary Kathleen Sebelius has not had a very good week. Just days after the glitch-filled roll-out of the Affordable Care Act's online health insurance exchanges, Sebelius got grilled by Jon Stewart of the Daily Show. So it should come as no surprise that CNBC resident right-wing water carrier Lawrence Kudlow called […]

Al Qaeda chieftain Osama Bin Laden was never shy about the objectives of his jihad against the United States. High on that list was the destruction of the U.S. economy which, he declared in 2004, would be accomplished by "bleeding America to the point of bankruptcy." But even with the economic shock after 9/11, the […]

While the federal government remains shuttered over Republican demands to defund the Affordable Care Act, the United States faces the growing prospect of its first-ever default. If Congress does not increase Uncle Sam's borrowing authority of $16.7 trillion by October 17, experts like former Bush Treasury official Tim Bitsberger warn, the resulting global economic cataclysm […]

It is a tragic state of affairs when the antidote to the Party of Lincoln is Abraham Lincoln himself. But with House Speaker John Boehner and his band of "terrorists" and "hostage-takers" and "kamikazes" (as described by his fellow Republicans) prepared to trigger what Boehner himself warned "would be a financial disaster, not only for […]

For two decades, Republicans have opposed health care reform not because they thought it would fail the American people, but because they feared it would succeed. Passage of Bill Clinton's health care program, Bill Kristol warned in 1993, wouldn't just "do everything to help Democratic electoral prospects," but would "revive the reputation" of the Democrats […]

With House Republicans once again threatening to take the unprecedented step of blocking a debt ceiling increase and thereby triggering a U.S. default Speaker John Boehner admitted "would be a financial disaster, not only for our country but for the worldwide economy," frustrated Democrats are ramping up their own rhetoric. While former Vice President Al […]

Unless Congress raises the debt ceiling by October 17, Treasury Secretary Jacob Lew warned this week, the federal government will be unable to pay its bills. But while some Republicans like Rep. John Fleming (R-FL) responded, "I don't think we should run government based on economists' predictions," House Speaker John Boehner knows all too well […]

For days, Washington has been focused like a laser beam on the GOP effort to "defund Obamacare." Prodded by the grandstanding Senator Ted Cruz (R-Self), 228 of 229 House Republicans voted to shut down the federal government if funding for the implementation of the Affordable Care Act is not stripped from the continuing resolution (CR) […]