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Click here to visit the new home of Politics Daily!Memo to the Labour Party HQ: Replace Gordon Brown with Glenda Jackson as your candidate in Thursday's election. It's not all that often that you have the chance to contemplate a "what if" scenario while an election is still under way. But that's exactly what happened to me on Friday afternoon. I was attending a "hustings" (open forum) for the Member of Parliament (MP) seat in my London constituency. It was the last time before the general election that the candidates from the three main political parties -- Labour, Conservatives and Liberal Democrats -- would be together in one room. And as ...
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When Congress starts its work for the year Tuesday, Democrats in Washington will begin working on two distinct types of legislation leading up to the crucial mid-term elections in 2010 -- the bills they want to do, and the bills they have to do. At the top of the list of to-do's that Democrats are eager to tackle are passing a final version of health care reform, along with a swift pivot to dealing with the economy, or as House Speaker Nancy Pelosi refers to it, "Jobs, jobs, jobs." In addition to jobs and health care, a senior aide to Senate Majority Leader Harry Reid tells Politics Daily ...
(Dec. 29) – The temporary increase in the national debt ceiling approved this month – combined with the prospect of a huge trillion-dollar-plus increase early next year – has once again prompted criticisms of President Obama for runaway spending and record deficits. All this borrowing is only necessary, we are told, because Obama ran up $1.4 trillion of debt in his first year. It's true that the White House is pushing big spending items, not least of which is his multitrillion-dollar scheme for government-run health care. But many critics, either out of ignorance or malice, ...
(Dec. 21) -- Health care may be dominating the debate in Washington now, but the explosive issue lurking behind the insurance battle is how to confront the soaring federal budget deficit and national debt, which some lawmakers and experts say threaten the fiscal solvency of the country. The idea gaining the most steam lately is an old Washington favorite: toss the deficit problem to a blue-ribbon commission. A group of lawmakers from both the House and Senate is proposing the creation of a bipartisan panel to come up with policy recommendations to be voted on by Congress. The budget gap now ...
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(Dec. 14) -- While many U.S. households are struggling with their own personal debt, citizens face an even larger – although less visible – threat from the mounting U.S. government debt. True, they don't receive a monthly mortgage statement or credit card bill for their share, but the effects will slowly chip away at the American standard of living – or even lead to the next major economic crisis. In just one year, the U.S. public debt rose from 41 percent to 53 percent as a share of the economy, largely because of the recession. What is troubling, however, is that the debt ...
(Dec. 10) -- Earlier this week, lawmakers confirmed that they will increase the national debt ceiling by as much as $1.8 trillion – raising it to more than $13 trillion – so the federal government can keep borrowing to cover its huge deficit. As daunting as those numbers are, Congress has no choice. Fail to raise the debt limit and the government would default on its debt, sparking an immediate financial and economic crisis far worse than the one we just experienced. But raising the debt ceiling only postpones that crisis. And if lawmakers want to avoid it, they have to get ...
President Obama has made health care reform his top legislative priority on Capitol Hill. But several time-sensitive and controversial measures are threatening to derail the Democrats' plans for health care by year's end unless the Senate can quickly pass reform legislation and attend to at least a dozen other looming bills within the next several weeks. From appropriations bills that must pass by Dec. 18 to contested portions of the USA Patriot Act, which expire on Dec. 31, to the estate tax, which will drop from 45 percent to zero on Jan. 1, the items remaining on the Senate's agenda would ...
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