Henninger: Obama's Ruinous Course

Daniel Henninger: Where in his career did Barack Obama ever learn the art of the political deal? Nowhere. ✧ Barack Obama says his election victory is a mandate to pursue the policy course he's insisting on in negotiations with Republicans on the fiscal cliff. He wants a tax increase of $1.6 trillion, $50 billion of new and immediate stimulus spending and the end of congressional approval to raise the ceiling on U.S. debt—the debt that a ratings agency downgraded in 2011. Read more at the Wall Street Journal...

Note: Since the House is still in Republican control, Obama did NOT get a mandate. Spread this news whenever you hear the mandate claim! --bc Read More......

Thiessen: The GOP will win the debt-limit fight

WASHINGTON POST, 1/17/2011 by Marc Thiessen (Hat tip: John H. Detweiler) - Let's be clear: Republicans have the upper hand in the coming fight over raising the federal debt limit. President Obama will push to raise the limit without giving Republicans the massive spending cuts they demand. But in the end he will cave. Read more at Washington Post... Read More......

Geithner Asks Congress to Increase Federal Debt Limit

WSJ: WASHINGTON - U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months. ∴ Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said. Read more at Wall Street Journal... Read More......