Quotes of the day

“Former Sen. Alan Simpson, R-Wyo., the GOP co-chair of President Obama’s deficit commission, told ABC News that ‘The American people are disgusted at both parties’ for not being able to agree on a measure to reduce the deficit…


“‘Reagan raised taxes,’ Simpson said. ‘We’ve never had less revenue to run this country since the Korean war.’

“Contrary to some Republicans expressing skepticism about the Aug. 2 default date, Simpson said that Treasury Secretary ‘Tim Geithner ain’t fooling.’”

***
“[M]any Congressional Republicans seem to be spoiling for a fight, calculating that some level of turmoil caused by a federal default might be what it takes to give them the chance to right the nation’s fiscal ship…

“Representative Paul D. Ryan of Wisconsin, the Budget Committee chairman seen as the voice of fiscal authority among House Republicans, said that he believed an agreement leading to a debt limit increase would eventually be reached, but that the impasse could extend beyond the administration’s Aug. 2 drop-dead date.

“‘Let’s say we go past Aug. 2,’ he said in an interview. ‘As time goes on, the situation deteriorates, so I do believe there will be something.’ He pointed to ‘macroeconomic circumstances and credit markets — and also paying the bills — Social Security, Medicare, the troops.’

“‘I think there ultimately will be something,’ he said. ‘I really honestly don’t know what it’s going to be. I really don’t.’”

***
The hotter precincts of the blogosphere were calling [McConnell's proposal] a sellout yesterday, though they might want to think before they shout. The debt ceiling is going to be increased one way or another, and the only question has been what if anything Republicans could get in return. If Mr. Obama insists on a tax increase, and Republicans won’t vote for one, then what’s the alternative to Mr. McConnell’s maneuver?…

“The tea party/talk-radio expectations for what Republicans can accomplish over the debt-limit showdown have always been unrealistic. As former Senator Phil Gramm once told us, never take a hostage you’re not prepared to shoot. Republicans aren’t prepared to stop a debt-limit increase because the political costs are unbearable. Republicans might have played this game better, but the truth is that Mr. Obama has more cards to play.

“The entitlement state can’t be reformed by one house of Congress in one year against a determined President and Senate held by the other party. It requires more than one election. The Obama Democrats have staged a spending blowout to 24% of GDP and rising, and now they want to find a way to finance it to make it permanent. Those are the real stakes of 2012.

“Even if Mr. Obama gets his debt-limit increase without any spending cuts, he will pay a price for the privilege. He’ll have reinforced his well-earned reputation as a spender with no modern peer. He’ll own the record deficits and fast-rising debt. And he’ll own the U.S. credit-rating downgrade to AA if Standard & Poor’s so decides.”

***
“Most people don’t care about the deficit, much less the debt ceiling. They care about jobs and the economy–which is the real advantage Republicans have in the coming campaign.

“If McConnell actually proposes to pull an Emily Littella and say ‘Never mind’ about the debt ceiling, the President can pocket this inadvertent gesture of sanity, sign the debt ceiling extension…and then come right back with an economic package reducing the deficit $2.4 trillion over the next ten years, including the budget cuts that both sides have agreed upon plus the loophole closing revenue raisers–corporate jets, oil and ethanol subsidies, and hedge fund manager tax breaks–that 80% of the American people favor. Let the Republicans vote that one down, or refuse to consider it at all in the House of Representatives. Barack Obama would have a lovely issue to run on.

“But I don’t believe for a moment that McConnell is going to do this. He’s desperate, facing a deal that either includes revenue increases or doesn’t happen at all. He’s blinking as fast as he can.”

***
“There is no constitutional authority for the legislative branch to surrender its clearly delineated duty to write bills for raising revenue and borrow money on the credit of the United States.

“Treasury Secretary Tim Geithner recently employed a clever but easily falsifiable argument, which cites Section 4 of the 14th Amendment to claim that the president can override the separation of powers…

“McConnell’s enthusiasm for this unconstitutional gimmick is disheartening, but it does not change the law. Congress has no more right to give up its authority than the president has to confiscate it.”

***
“Despite intense lobbying of Congress by President Obama, Treasury Secretary Timothy Geithner, and others in the administration about the economic urgency for raising the nation’s debt limit, fewer than one in four Americans favor the general idea of raising it. Also, Americans are significantly more concerned about the budgetary risk of giving the government a new license to spend than they are about the potential economic consequences that would result from not raising the debt limit. Both of these findings put Americans more on congressional Republicans’ side of the debate than Obama’s — at least in terms of political leverage as the two sides negotiate a deal.”

***
Via Verum Serum.

***
“I can guarantee you, Mark, that plan is going nowhere.” Click the image to listen.

Continue Reading →

Romney won’t sign Iowa group’s marriage pledge

Yes, the same one that Bachmann signed and for which she took so much heat that even Gingrich ended up backing away from it.

Thus far it’s just her and Santorum. Your move, Mr. Pawlenty.

When it was first circulated last week, the introduction to the pledge stated that African American children were more likely to be raised in two-parent households when they were born into slavery than they are today. The group struck that language and apologized after black ministers complained, but it said it stands by the rest of the document.

Andrea Saul, a spokeswoman for Romney, told The Associated Press in a written statement Tuesday that Romney “strongly supports traditional marriage,” but that the oath “contained references and provisions that were undignified and inappropriate for a presidential campaign.”…

Romney, who supported rights for gay couples in Massachusetts, was criticized in Iowa by some Iowa social conservatives during his 2008 campaign, when he finished second in the caucuses after aggressively courting Christian conservatives…

The Family Leader, an organization formed last year and positioning itself to be an influential player in the 2012 caucuses, said Tuesday they stand by the 14 policy positions listed under the promise to “defend and to uphold the institution of marriage as only between one man and one woman.”

Here’s a PDF of the pledge, which is all over the map politically. I’m keen to hear which parts specifically he thought were “undignified and inappropriate” for a campaign, especially now that the radioactive language about slavery has been dropped. As for the politics of this, it would have caused him more headaches to sign than not to sign. He’s all but given up on Iowa and he’ll never be social cons’ candidate of choice, so he’s better off using this to draw a distinction with Bachmann that he can reference later. Until someone threatens him in New Hampshire he’ll stay focused on the general election and his electability vis-a-vis Obama. This is one less thing the Democrats can use against him to knock him off-message from the economy.

Can’t wait to see what T-Paw does here. He probably has to sign to protect himself among social conservatives — it might finish him off in Iowa if he didn’t and he can’t afford that like Mitt can — but if he does then he’ll be dealing with this from now until election day, assuming he’s nominated. Tough call. Oh — incidentally, the AP claims that Romney’s the first Republican presidential candidate to reject the Iowa pledge. Not so.

Continue Reading →

'Harry Potter' tickets sell out a week before release

After 10 years, the end of "Harry Potter's" cinematic tale has arrived. Fans packed into London's Trafalgar Square on Thursday for the world premiere, and the cast talked to CNN about what it was like to say goodbye to the long-running franchise.

If you're planning on seeing "Potter" stateside on July 15, check to make sure there's still a ticket available at a showing near you. Online retailer Fandango reports that the site has already sold out of more than 2,000 showings across the U.S., from "Anchorage, Alaska to Sunrise, Florida," according to a statement. So far, it's Fandango's fastest selling movie. (Surprise, surprise.)

"Harry Potter and the Deathly Hallows: Part 2" opens July 15. You can catch a sneak peek of never before seen footage during Larry King's "Harry Potter" special this Sunday, July 10 at 8 p.m. ET. Don't forget to send in any questions you have for the cast via iReport by Friday, July 8 at noon, and you could see the answer on CNN.com.

Continue Reading →

Obama: No, I can’t promise that Social Security checks will go out in August if we don’t reach a deal

See James Pethokoukis’s new graph for a response to this. There should be plenty of revenue in August to cover entitlement checks and interest on the debt if Treasury has the legal authority to prioritize payments,
which isn’t as clear as one would hope. Either way, the more voter angst O can create about default — and given the movement among independents, he’s doing a fine job — the more pressure there is on the GOP to make a deal and the more protected he’ll be politically if we hit X Day on August 2 without an agreement. Which, of course, is the point of McConnell’s gimmick today: If his bill were to pass, responsibility for keeping Social Security flowing coming would shift suddenly from those darned millionaire-hugging Republicans to the debt-loving Obama administration. You are willing to unilaterally order another $2 trillion in debt right before the election in order to keep grandma’s checks coming, aren’t you, champ?

If you’re looking for the case for and against the McConnell gambit, here’s Grover Norquist giving a thumbs up and Philip Klein giving a thumbs down. Norquist’s argument is straightforward: This debt-ceiling showdown has always been about politics for Obama, so let him choke on the politics of it. Force him to finally finally finally put his spending plan in writing after he and his party have ducked the issue for months. In fact, according to Roll Call, McConnell’s only question at yesterday’s debt-ceiling meeting was to ask how much the Biden plan would save in discretionary spending next year. The answer: Two measly billion. It’s time for Democrats to get serious, says Norquist, and this will force them. Au contraire, says Klein, there are lots of ways Obama can gin up phony savings to check the “deficit hawk” box for his campaign. Besides, he argues, the McConnell plan actually weakens the GOP’s ability to reach a real deal because O will read it as a sign of panic in the caucus and will press harder for concessions. I’m not so sure about that, though: To me it looks like a sign that McConnell and others in the caucus have more or less given up on making a deal, which strengthens the GOP’s hand insofar as Obama will either need to make new concessions to get them back to the table or start thinking about a Plan B like McConnell’s plan to avert a default.

I do think Klein was spot on with this post from April, though, about how the GOP promised the base too much in terms of what it could realistically achieve while sharing power with Democrats. For all the sturm and drang about the debt-ceiling deals under consideration, to my knowledge none of them — even the “grand bargain” — would actually reduce the debt over the next 10 years. Even the best-case scenario is merely a slower rate of growth. That’s not a serious solution, or even a half-solution, to such a cataclysmic problem, and yet it’s the very best we can do with the current occupants in Congress and the White House. We’ll have to shuffle the deck next year and hope for better; all McConnell’s doing is acknowledging the bleakness of the situation and trying to maximize the odds of a more favorable hand. Exit question: Given that McConnell’s bill would force Dems to own the debt hike, why would Reid allow it to pass the Senate without changes? And if it did, would Obama sign it or veto it?

Continue Reading →

Video: Sgt. Leroy Petry receives the Medal of Honor

The second living recipient of the Medal of Honor since Vietnam, just nine months after Staff Sgt. Sal Giunta became the first.
What kind of man are we talking about here? One who didn’t have to participate in the raid for which he was awarded the MOH but went voluntarily, had his hand blown off by a jihadi grenade during that raid after he picked it up and tried to toss it away before it detonated, thereby saving the lives of two of his men, and then reenlisted in the Army after being fitted with a robotic arm and went back to war. Total deployments to Iraq and Afghanistan: Eight and counting. He has four kids.

As usual, the Army’s done a bang-up job creating a Medal of Honor webpage for him. The Profile and Battlespace graphics are a must, but take time to read this Army news story too about his recovery and experience with his new robotic hand — all the way to the part where one of his kids names the damaged arm “Nubby.” An apt exit quotation from Obama: “What compels such courage? What leads a person to risk everything so that others might live?”

Continue Reading →

Quotes of the day

“President Obama made no apparent headway on Monday in his attempt to forge a crisis-averting budget deal, but he put on full display his effort to position himself as a pragmatic centrist willing to confront both parties and address intractable problems…



“Republicans dismissed his performance as political theater. But Mr. Obama’s remarks appeared to be aimed at independent voters as well as at Congressional leaders, and stood in contrast to the Republican focus on the party’s conservative base, both in the budget showdown and in presidential politics…

“Seeking to shed the image of big-government liberal that Republicans used effectively against him last year, he has made or offered policy compromises on an array of issues and cast himself in the role of the adult referee for both parties’ gamesmanship, or the parent of stubborn children…

“‘There was never a discussion of, ‘Let’s sit down and reposition ourselves.’ There were discussions of returning to first principles and the things that motivated him to run,’ said David Axelrod, Mr. Obama’s senior political strategist. ‘This is what he talked about all through the 2008 campaign — that we need to put solving problems ahead of scoring political points, and we have to think about not just the next election but the next generation.’”

***
“Groups such as Norquist’s and Greenstein’s serve as political and intellectual gatekeepers. They help determine which ideas and what rhetoric are acceptable to their partisans. The visions presented to their constituents are satisfying — but also selective, simplistic and, ultimately, false. This is one reason that budget debates have been so futile, and why the nation is now flirting with a potentially disastrous failure to raise the debt ceiling.

“Governing is about choosing, and in the budget debate, there are no popular choices. But the reality shaping them all is an aging society in which programs for the elderly are pushing the budget into growing disequilibrium. Until the political gatekeepers acknowledge this — meaning the left recognizes the need for genuine benefit cuts and the right accepts some higher taxes — public understanding and political agreement will remain hostage to partisan fairy tales. It’s time to deal with facts.”

***
“The bases on both sides view any deviation or compromise as blasphemy. The astute veteran political columnist Mark Shields likes to say that he would rather belong to a church that is seeking converts than one intent on driving out heretics. But that’s not the approach that many rank-and-file Republicans and Democrats in Congress are taking these days…

“My sense is that when members of Congress go back to their states and districts, they are staying more in their comfort zones than they did in the past. They are appearing before more predictably friendly audiences and, deliberately or not, eschewing those who disagree with them. Every lawmaker can point to an event where an angry constituent became confrontational. But those incidents are happening less and less, minimizing their exposure to hostile audiences and contrary points of view…

“Elected officials on both sides of the aisle become like Pavlov’s dogs when they spend too much time with friendly audiences. They come to instinctively know what listeners want to hear and will produce a political reward versus what will be frowned upon and could warrant punishment. They know what lines and arguments will result in smiles and heads nodding up and down in approval or frowns and heads shaking back and forth. Predictable audiences result in predictable responses. But members should try a little door-knocking and seek out audiences that don’t consist almost entirely of the party faithful. They might hear something very different, and get a hint of what may be coming down the road.”

***
“In a rational world, electorates would recognize the need both to reduce entitlements and to increase revenue. But indignation isn’t rational. The Tea Party position is that the deficit should be reduced without any increase in revenue, even the elimination of tax breaks and loopholes that all serious economists now define as ‘tax expenditures’ (because they essentially give revenue away to lucky special interests). At the same time, many Tea Party supporters appear reluctant to accept that cuts would apply to their own entitlements as well as everyone else’s.

“Even more self-contradictory is the readiness of young people in Europe to back the interest groups opposed to spending cuts. The recent demonstrations in London were essentially on behalf of teachers relatively close to retirement. ‘It’s for the future generations that we’re doing this,’ claimed one protester, ‘not just for ourselves. We’re doing it for everybody.’ Baloney. It’s the government that has the future generations in mind, not the protesters. The young people who join in such protests are suckers, demonstrating for the right to pay much higher taxes in the future.

“Today’s proponents of austerity are like toreadors, fighting the raging bull of debt. I can understand the vested interests throwing bottles at them. It’s the cheers of the Indignant that are bizarre.”

***
“I lived through this with President Carter, in which you start asking, ‘Does this guy have any idea what he’s doing?’”

Continue Reading →