Tag Archives: debt ceiling

Morning Call Refuses to Acknowledge Toomey Flub

During the debt ceiling hostage crisis, Morning Call reporter Colby Itkowitz wrote prolifically about Pat Toomey’s success in persuading his Republican colleagues that missing the August 4 deadline wouldn’t matter. Indeed, Toomey was highly influential with House conservatives, and ended … More after the jump

Posted in National Politics Tagged , ,

Pittsburgh Cancels Bond Refinance Over Debt Ceiling

Wondering how the debt ceiling debate affects you? Consider the situation in Pittsburgh, where the city’s finance director just cancelled the refinance of $97 million in bonds, which would have saved the city $3 million at a time of financial … More after the jump

Posted in National Politics, Pittsburgh / SW Region Tagged

VIDEO: Toomey Revives His Crazy-ass Debt Plan

Crazy fiscal hawk Senator Pat Toomey is trying to insert himself into the debt ceiling negotiations by bringing back his crazyass plan to *purposely* hit the debt ceiling, then just stop paying current bills so we can pay off debt. … More after the jump

Posted in National Politics Tagged ,

Yes, Failure to Pay Social Security and Medicare is a Default

Matt Best at PA Water Cooler asks: Can anyone answer me this question – If we don’t raise the debt ceiling, will that mean we default on our debt? Or will it mean that we simply cannot borrow more money? … More after the jump

Posted in Miscellany Tagged

Politics Isn’t About Policy

Jake Sherman and John Bresnahan of Politico report that the House GOP leadership is privately explaining to freshman Republicans that Pat Toomey’s debt ceiling plan doesn’t make any sense: The presentation McCarthy and other top Republicans are giving to lawmakers … More after the jump

Posted in Miscellany Tagged ,