Its sad, because appropriating money to keep the government running is the one thing we need congress to do. Pretty much Everything Else is optional. Passing a spending bill is doing their minimum. We learnt a lesson during the october 2013 government shutdown, we cannot take anything for granted when it comes to how low some lawmakers will stoop to prove a political point. Back then, it was republicans trying to undermine obama care, but thats the past. Now lets look at the present. And how this sausage is getting made. Today the house past a 622 billion package of tax cuts that will make permanent a bunch of breaks for businesses, investors and individuals. The billion support from republicans, but Democratic Leaders opposed it on the ground that it doesnt do enough for low income workers. The tax cuts are part of a budget deal that includes a 1. 1 trillion spending bill. The house is expected to vote on that 2,000 page monster bill tomorrow. And here is where it really gets interest
Money to keep the government running is the one thing we need congress to do. Pretty much Everything Else is optional. Passing a spending bill is doing their minimum. We learnt a lesson during the october 2013 government shutdown, we cannot take anything for granted when it comes to how low some lawmakers will stoop to prove a political point. Back then, it was republicans trying to undermine obama care, but thats the past. Now lets look at the present. And how this sausage is getting made. Today the house past a 622 billion package of tax cuts that will make permanent a bunch of breaks for businesses, investors and individuals. The billion support from republicans, but Democratic Leaders opposed it on the ground that it doesnt do enough for low income workers. The tax cuts are part of a budget deal that includes a 1. 1 trillion spending bill. The house is expected to vote on that 2,000 page monster bill tomorrow. And here is where it really gets interesting part of the horse trading t
I wanted to start with a philosophical question. You have written that universal coverage is the morally worthy goal, michael, you were the author of what you call the anti universal coverage manifesto. I want to get you to fight about this. Why dont you start and explain why you think from a freemarket perspective it should be the governments rolled to provide universal coverage . I would put it slightly differently. I would put it this way. We never say when you hear people like michael cannanore a number of people say we can never outbid the left on covering people with Health Insurance we should try to outbid them but do something that is not publicly accessible in the middle somewhere. We would never say that about smart phones we would never say freemarket cant outbid the government on the ability of every american to have a smart phone. We would save 3 markets cant outbid the government on giving People Better jobs and more Economic Growth. Why is it we accept the progressive pr
Morning. They said this is not about paying the japanese, not about paying the chinese, youre not going to get your Social Security check, doctors arent going to get paid. Ive been waiting for them to do this. That is devastating from even the most rock solid rightwing politician. But you cant go against socsack. The Interest Rate can go up and the japanese may not be paid. Boy, they got rid of that. Thats the jpmorgan argument, the bankers. No, its now retailers. Ling congressmen are going to be targeted. You cant get against Social Security. Its sacrosanct. And secretary lew said do you want to pay veterans or Social Security . You decide. This is expected to go for maybe another half an hour. Lets go back to capitol hill and secretary lew. The fact is that we have not dealt and in that compromise we dealt with Discretionary Spending almost entirely. We have not dealt with entitlements, which the administration seems to say are off the table and now weve got yet even more demands for
The level is 16. 67. Down more than 15 . Yesterday, the vix hit 21. It has certainly calmed down. Hoping for a coup by jan moment in washington, d. C. Lori lets get more on that partisan logjam. It is finally showing signs of easing. Rich edson with his exclusive reporting. Rich House Republicans will present president obama with an offer. If bars treasury from extending that. He is taking nothing off the table. It is time for leadership. It is time for negotiations and this conversation to begin. I would hope that the president would look at this as an opportunity. Rich jackboot disagrees. I think prioritization is just default by another name. It is just saying that we will default on some of our obligations. By definition, if we do not have enough money, we will be in default on our obligation. Rich he also says it would be difficult to reprogram computers to pay some bills, but not all. Lori we want to go into peters report. What is the take at the white house . Peter jay carney is