Political Headlines February 2, 2013: President Barack Obama’s Weekly Address: A ‘Balanced Approach’ to Growing The Economy

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Obama’s Weekly Address: A ‘Balanced Approach’ to Growing The Economy

Source: ABC News Radio, 2-2-13

Pete Souza/The White House via Getty Images

With billions in spending cuts looming, President Obama is urging lawmakers to work together on a “balanced approach” to reduce the deficit.

“We all agree that it’s critical to cut unnecessary spending.  But we can’t just cut our way to prosperity,” Obama says in his weekly address. “It hasn’t worked in the past, and it won’t work today.  It could slow down our recovery.  It could weaken our economy.  And it could cost us jobs – now, and in the future.”…READ MORE

Political Headlines January 23, 2013: House passes Republican plan to extend debt limit to May 19 with a vote of 285-144

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

House passes Republican plan to extend debt limit to May 19

U.S. House Speaker John Boehner (R-OH) (C) and House Majority Leader Eric Cantor (R-VA) (L) arrive at a news conference on the ''fiscal cliff'' on Capitol Hill in Washington, December 21, 2012. REUTERS/Yuri Gripas

U.S. House Speaker John Boehner (R-OH) (C) and House Majority Leader Eric Cantor (R-VA) (L) arrive at a news conference on the ”fiscal cliff” on Capitol Hill in Washington, December 21, 2012.

Credit: Reuters/Yuri Gripas

The House of Representatives on Wednesday passed an extension of borrowing authority under the federal debt limit to May 19, putting the Republican plan on a fast track to enactment after top Senate Democrats endorsed it.

The 285-144 vote in the House fell largely along party lines, with many Democrats objecting to the short-term nature of the extension….READ MORE

Political Headlines January 23, 2013: House Passes ‘No Budget No Pay’ Act & Extends Debt Limit by Three Months with 285-144 Vote

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

House Passes ‘No Budget No Pay,’ Extends Debt Limit by Three Months

Source: ABC News Radio, 1-23-13

The House of Representatives on Wednesday voted to approve a three-month extension of the debt limit in a bill that concurrently pressures lawmakers to adopt a budget or have their congressional pay withheld.

The vote passed by a count of 285-144. Thirty-three Republicans opposed the measure, while 86 Democrats voted to approve it, sending the legislation to the Senate where it is also expected to pass, according to Senate Majority Leader Harry Reid.

The bill, known as the No Budget No Pay Act of 2013, directs both chambers of Congress to adopt a budget resolution for fiscal year 2014 by April 15, 2013. If either body fails to pass a budget, members of that body would have their paychecks put into an escrow account starting on April 16 until that body adopts a budget. Any pay that is withheld would eventually be released at the end of the current Congress even if a budget doesn’t ever pass….READ MORE

Political Headlines January 22, 2013: President Barack Obama’s Speech Leaves GOP Stark Choices on Debt Limit

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Obama Speech Leaves G.O.P. Stark Choices

Source: NYT, 1-22-13

Speaker John A. Boehner, center, and other House Republicans on Tuesday at a news conference urging a set budget.

Christopher Gregory/The New York Times

Speaker John A. Boehner, center, and other House Republicans on Tuesday at a news conference urging a set budget.

As President Obama’s second term begins, Republican leaders appear ready to accede at least in the short term on some matters, like increasing the debt limit….READ MORE

Political Headlines January 8, 2013: ABC News / Washington Post Poll: Public Lukewarm on Fiscal Cliff Deal, But President Barack Obama Bests Speaker John Boehner

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Poll: Public Lukewarm on Cliff Deal, But Obama Bests Boehner

Source: ABC News Radio, 1-8-13

MANDEL NGAN/AFP/Getty Images

Americans give a lukewarm response to last week’s agreement to avoid the fiscal cliff, albeit with higher marks for the deal to President Obama than to House Speaker John Boehner.

More people in this ABC News/Washington Post poll approve than disapprove of the agreement, but just by a 7-point margin, 45 to 38 percent, with a substantial 17 percent undecided. Moreover, intensity is on the negative side: “Strong” critics of the deal outnumber its strong proponents by 2-1.

See a PDF with full results, charts and tables here.

At the same time, Obama gets majority approval for his handling of the negotiations, 52-37 percent, while Boehner’s score is reversed — just 31 percent approve of his performance on the cliff talks, while 51 percent disapprove. Boehner’s positive score is up six percentage points from a month ago, but remains a broad 21 points behind the president’s….READ MORE

Full Text Political Headlines January 5, 2013: GOP Weekly Address: Rep. Dave Camp on Growing the Economy and Cutting Spending

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

GOP Address: Rep. Dave Camp on Growing the Economy and Cutting Spending

Source: ABC News Radio, 1-5-13

US House of Representatives

As the House returns for the 113th Congress, Rep. Dave Camp says its 2013 resolution is clear: to grow our economy, getting government spending under control and making Washington more accountable to Americans.

Camp, who represents the fourth district of Michigan and is chairman of the House Ways and  Means Committee, says in this week’s Republican address that the real reason we’re in a “fiscal mess” is because “Washington takes too much of your money and then wastes it … We have to make sure Washington is accountable for every tax dollar it spends.”…READ MORE

Political Headlines January 5, 2013: President Barack Obama’s Weekly Address: Warns Debt Ceiling Fight Could Be ‘Catastrophic’

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

President Obama’s Weekly Address: Warns Debt Ceiling Fight Could Be ‘Catastrophic’

Source: ABC News Radio, 1-5-13

Pete Souza/The White House via Getty Images

In his first weekly address of the New Year, President Obama touts the “fiscal cliff” compromise as “one more step in the broader effort to grow our economy and shrink our deficits” but warns that another “manufactured crisis” over the debt ceiling could wreak havoc on the economy.

Continuing his effort to frame the looming fight over the nation’s debt limit, Obama makes clear “one thing I will not compromise over is whether or not Congress should pay the tab for a bill they’ve already racked up.”

“If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic,” he continues. “The last time Congress threatened this course of action, our entire economy suffered for it.”…READ MORE

Political Headlines January 3, 2013: President Barack Obama Signs Fiscal Cliff Bill Via Autopen

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

President Obama Signs Fiscal Cliff Bill Via Autopen

Source: ABC  News Radio, 1-3-12

The White House

President Obama has signed the “fiscal cliff” legislation into law via autopen from Hawaii, where he is vacationing with his family.

The bill to avert the fiscal cliff arrived at the White House late Wednesday afternoon and it was immediately processed, according to a senior White House official. A copy was delivered to the president in Hawaii for review. He then directed the bill to be signed by autopen back in Washington, D.C….READ MORE

Political Headlines January 2, 2013: President Barack Obama Returns to Hawaii Vacation Post-Fiscal Cliff Deal

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Obama Returns to Hawaii Vacation Post-Cliff Deal

Source: ABC News Radio, 1-2-12

White House Photo by Pete Souza

Less than an hour after Congress and the White House resolved the fiscal cliff, President Obama boarded Air Force One to return to his planned Hawaiian holiday vacation.

He boarded the plane at Joint Base Andrews in Camp Springs, Md., shortly before midnight Wednesday following a New Year’s Day of political drama on Capitol Hill.

The 10-hour overnight flight was scheduled to arrive in Oahu around 5 a.m. local time Wednesday when he will reunite with First Lady Michelle Obama and daughters Sasha and Malia, who have been vacationing there since just before Christmas….READ MORE

Political Headlines January 2, 2013: President Barack Obama Hails ‘Fiscal Cliff’ Deal, Warns Congress of Next Fiscal Fight

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Obama Hails ‘Cliff’ Deal, Warns of Next Fiscal Fight

Source: ABC News Radio, 1-2-12

Brendan Hoffman/Getty Images

Minutes after the House of Representatives approved a bipartisan Senate deal to avert the “fiscal cliff” and preserve Bush-era tax cuts for all Americans making less than $400,000 per year, President Obama praised party leaders and wasted little time turning to the next fiscal fight.

“This is one step in the broader effort to strengthen our economy for everybody,” Obama said.

Obama lamented that earlier attempts at a much larger fiscal deal that would have cut spending and dealt with entitlement reforms failed.  He said he hoped future debates would be done with “a little less drama, a little less brinksmanship, and not scare folks quite as much.”…READ MORE

Full Text Obama Presidency January 1, 2013: President Barack Obama’s Speech on ‘Fiscal Cliff’ Legislation Passing House & Senate

POLITICAL BUZZ

OBAMA PRESIDENCY & THE 112TH CONGRESS:

Obama remarks on ‘fiscal cliff’ legislation

Source: AP, 1-1-13

President Obama spoke at the White House after the House vote on Tuesday.

Luke Sharrett for The New York Times

President Obama spoke at the White House after the House vote on Tuesday.

President Barack Obama’s remarks on the “fiscal cliff” legislation passed Tuesday by the House, as provided by the White House.

Happy New Year, everybody.

A central promise of my campaign for president was to change the tax code that was too skewed towards the wealthy at the expense of working middle-class Americans. Tonight we’ve done that. Thanks to the votes of Democrats and Republicans in Congress, I will sign a law that raises taxes on the wealthiest 2 percent of Americans while preventing a middle-class tax hike that could have sent the economy back into recession and obviously had a severe impact on families all across America.

I want to thank all the leaders of the House and Senate. In particular, I want to thank the work that was done by my extraordinary Vice President Joe Biden, as well as Leader Harry Reid, Speaker Boehner, Nancy Pelosi and Mitch McConnell. Everybody worked very hard on this and I appreciate it. And, Joe, once again, I want to thank you for your great work.

Under this law, more than 98 percent of Americans and 97 percent of small businesses will not see their income taxes go up. Millions of families will continue to receive tax credits to help raise their kids and send them to college. Companies will continue to receive tax credits for the research that they do, the investments they make and the clean energy jobs that they create. And 2 million Americans who are out of work but out there looking, pounding the pavement every day, are going to continue to receive unemployment benefits as long as they’re actively looking for a job.

But I think we all recognize this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. The fact is the deficit is still too high, and we’re still investing too little in the things that we need for the economy to grow as fast as it should.

And that’s why Speaker Boehner and I originally tried to negotiate a larger agreement that would put this country on a path to paying down its debt while also putting Americans back to work rebuilding our roads and bridges, and providing investments in areas like education and job training. Unfortunately, there just wasn’t enough support or time for that kind of large agreement in a lame-duck session of Congress. And that failure comes with a cost, as the messy nature of the process over the past several weeks has made business more uncertain and consumers less confident.

But we are continuing to chip away at this problem, step by step. Last year I signed into law $1.7 trillion in deficit reduction. Tonight’s agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in America. And there will be more deficit reduction as Congress decides what to do about the automatic spending cuts that we have now delayed for two months.

I want to make this point: As I’ve demonstrated throughout the past several weeks, I am very open to compromise. I agree with Democrats and Republicans that the aging population and the rising cost of health care makes Medicare the biggest contributor to our deficit. I believe we’ve got to find ways to reform that program without hurting seniors who count on it to survive. And I believe that there’s further unnecessary spending in government that we can eliminate.

But we can’t simply cut our way to prosperity. Cutting spending has to go hand-in-hand with further reforms to our tax code so that the wealthiest corporations and individuals can’t take advantage of loopholes and deductions that aren’t available to most Americans. And we can’t keep cutting things like basic research and new technology and still expect to succeed in a 21st century economy. So we’re going to have to continue to move forward in deficit reduction, but we have to do it in a balanced way, making sure that we are growing even as we get a handle on our spending.

Now, one last point I want to make — while I will negotiate over many things, I will not have another debate with this Congress over whether or not they should pay the bills that they’ve already racked up through the laws that they passed. Let me repeat: We can’t not pay bills that we’ve already incurred. If Congress refuses to give the United States government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic — far worse than the impact of a fiscal cliff.

People will remember, back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. Consumer confidence plunged. Business investment plunged. Growth dropped. We can’t go down that path again.

And today’s agreement enshrines, I think, a principle into law that will remain in place as long as I am President: The deficit needs to be reduced in a way that’s balanced. Everyone pays their fair share. Everyone does their part. That’s how our economy works best. That’s how we grow.

The sum total of all the budget agreements we’ve reached so far proves that there is a path forward, that it is possible if we focus not on our politics but on what’s right for the country. And the one thing that I think, hopefully, in the New Year we’ll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much.

We can come together as Democrats and Republicans to cut spending and raise revenue in a way that reduces our deficit, protects our middle class, provides ladders into the middle class for everybody who’s willing to work hard. We can find a way to afford the investments that we need to grow and compete. We can settle this debate, or at the very least, not allow it to be so all-consuming all the time that it stops us from meeting a host of other challenges that we face — creating jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, protecting our planet from the harmful effects of climate change, boosting domestic energy production, protecting our kids from the horrors of gun violence.

It’s not just possible to do these things; it’s an obligation to ourselves and to future generations. And I look forward to working with every single member of Congress to meet this obligation in the New Year.

And I hope that everybody now gets at least a day off, I guess, or a few days off, so that people can refresh themselves, because we’re going to have a lot of work to do in 2013.

Thanks, everybody. Happy New Year.

Political Headlines January 1, 2013: ‘Fiscal Cliff': House Votes & Approves Senate Deal

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

‘Fiscal Cliff': House Approves Senate Deal

Source: ABC News Radio, 1-1-13

The Republican-dominated House of Representatives has approved a bipartisan Senate deal to avert the “fiscal cliff,” sending the compromise to President Obama for his signature.

House Republicans agreed to the up-or-down vote Tuesday evening, despite earlier talk of trying to amend the Senate bill with more spending cuts before taking a vote….READ MORE

Political Headlines January 1, 2013: What ‘Fiscal Cliff’ Deal Would Do — and Not Do

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

‘Fiscal Cliff': House Approves Senate Deal

What ‘Fiscal Cliff’ Deal Would Do — and Not Do

Source: ABC News Radio, 1-1-13

The fiscal cliff deal passed by the Senate and under consideration in the House Tuesday is 48 pages of legislative legalese, but here are the key points of what is in the bill — and what is not in the bill….READ MORE

Political Headlines January 1, 2013: White House Sees ‘Fiscal Cliff’ Deal as Game Changer

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

White House Sees ‘Fiscal Cliff’ Deal as Game Changer

Source: ABC News Radio, 1-1-13

It’s hard to find anyone in Washington happy about the outcome of the “fiscal cliff” brinksmanship.

But inside the Obama White House, senior officials are elated by what they call a significant presidential achievement:  breaking longstanding Republican intransigence on taxes.

The deal passed by the Senate early Monday morning, with the endorsement of all but seven of the 47 Republicans, would raise $620 billion in new revenue, hiking tax rates on households earning more than $450,000 a year….READ MORE

Political Headlines January 1, 2013: 5 things to know about the fiscal cliff

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

5 things to know about the fiscal cliff

Source: CNN, 1-1-13

It’s complex, dense, and filled with compromise. And the deal passed by the Senate to avert the “fiscal cliff” might not even become law, depending what actions the House takes.

Here are five things to know about the bill that passed the Senate overwhelmingly in the middle of the night.

1. No side won.

2. We may have a new definition of “wealthiest Americans.”

3. The deal “kicks the can,” and three more “fiscal cliffs” are looming.

4. If it doesn’t pass

5. Either way, your paycheck is likely to shrink

READ MORE

%d bloggers like this: