Gerry Canavan

the smartest kid on earth

Posts Tagged ‘maniacs

Tuesday Afternoon!

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* If only! Newt Gingrich, currently riding a cresting wave of fake Twitter followers all the way to the White House, declares the Obama administration the “Paul Krugman presidency.”

* How bad is the debt deal? Really bad.

The Obama-GOP plan cuts $917 billion in government spending over the next decade. Nearly $570 billion of that would come from what’s called “non-defense discretionary spending.” That’s budget-speak for the pile of money the government invests in the nation’s safety and future—education and job training, air traffic control, health research, border security, physical infrastructure, environmental and consumer protection, child care, nutrition, law enforcement, and more.

The White House’s plan would slash this type of spending nearly in half, from about 3.3 percent of America’s GDP to as low as 1.7 percent, the lowest in nearly half a century, says Ethan Pollack, a senior policy analyst at the left-leaning Economic Policy Institute.

There’s a reason John Boehner is so happy.

* Former Reagan and Bush economist Bruce Bartlett has joined the Canavan caucus and called for the elimination of the debt ceiling.

* BREAKING: Neil Cavuto knows nothing about anything.

CAVUTO: I would welcome a downgrade. I really would. I think it would be the pain from which we have a gain.

STOSSEL: Maybe that would wake people up.

* Internal polls apparently show Wisconsin Democrats retaking the state senate after the recall fightif the debt-ceiling debacle hasn’t blown the mission there as well.

* “If you’re younger than 26, you have never seen a month where the global mean was as cold as the 161 year average,” observes Robert Grumbine. In contrast, “there are no periods as long as even 20 years of continual below reference temperatures.” He finds that the period 1880-1940 seems to best represent a stable long-term average for global temperatures. If that’s the case, then the “last time the global mean was below the climate normal was March, 1976. If you’re 35 or younger, you have never seen a global mean below climate’s real normal.”

* But in good news: Spider-Man takes one giant leap closer to the Donald Glover era.

Monday Night Links

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* It’s been a few hours, so that must mean it’s time for some debt ceiling revisionism. Hooray! I feel so much better.

* At least the maniacs at Red State hate it.

* Congress to the unemployed: drop dead.

* Congress to grad students: drop dead.

* Every schoolchild knows that big cuts to defense are the trigger that will bring the GOP to its knees when the Super Congress brings its recommendations in a few months, so it’s no surprise that the Pentagon actually gained money in this round of negotiations.

Rather than cutting $400 billion in defense spending through 2023, as President Barack Obama had proposed in April, the current debt proposal trims $350 billion through 2024, effectively giving the Pentagon $50 billion more than it had been expecting over the next decade.

Wait, what? Let me start over.

* Today Biden told House Democrats that Obama would eventually have done the thing he obviously should have done from the start if he had literally no other option left. What a comfort.

* The White House: “…members of Congress would likely recoil at the gamesmanship involved in shelving the committee’s recommendations and therefore feel compelled to place well-intentioned lawmakers on the committee.” Reid: “This absurd mess shows the system works.” McConnell: “That was awesome! Let’s do it all again!”

* I’ve been informed it’s forbidden to be cynical about Gabriel Giffords’ return to the House no matter how transparent and manipulative it seems. Please be advised.

* Taibbi: The Democrats Take a Dive.

* And Europe’s still in even worse shape. Ugh.