Are this year's "tea parties" really tea parties? What could today's protesters have in common with the "Indians" who dumped 90,000 pounds of tea in Boston harbor in 1773? Quite a bit, actually.
What do today's tea partiers want? According to the Christian Science Monitor, the movement "is about safeguarding individual liberty, cutting taxes, and ending bailouts for business while the American taxpayer gets burdened with more public debt. It is fueled by concern that the United States under Mr. Obama is becoming a European-style social democracy where individual initiative is sapped by the needs of the collective." Broadly speaking, the tea parties reflect a growing anger in America that...
Party Like It's 1773?
Celebrity chef upsets viewers with his cat casserole...
Celebrity chef upsets viewers with his cat casserole...(First column, 6th story, link)
Is There Life in Health Care Reform?
In politics, as in life, there's often a very fine line between a fluke and an earthquake. They can even be mistaken for each other. In many ways, Scott Brown's upset victory over Martha Coakley on January 19 for the Senate seat long held by Edward M. Kennedy, just as Congress was nearing agreement on the health care bill, was a fluke. The confluence of seemingly unrelated events had more impact than any of them would have had individually. Even the date of Kennedy's death last August had major consequences: if it had happened a month later, the President might already have signed a health care bill into law by the time the election was held. A senior Democratic House strategist told me,...
Read more »Muscle Bound: Why Reconciliation is the Way to Go
One of the oddities of the health care reform saga is that, amid a debate that raises profound questions about a citizenâs right to medical attention and the appropriate structuring of an entire industry, public discussion has come to focus on an issue that is both picayune and utterly phony: the legitimacy of Democrats using budget reconciliation to pass a final bill.Reconciliation is a congressional procedure used to expedite votes on budgetary matters. Its main attraction is that it allows a bill to be passed with a majority vote in the Senate. As the filibuster has evolved from a rarely used signal of unusually strong dissent into a routine requirement for a supermajority,...
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Rangel: Gavel handoff 'temporary'
Rangel strongly rejects the notion that his leave of absence might be permanent.
Read more »VIX's Decline Baffles Strategists
Recent moves by the stock market's "fear gauge" have baffled some options strategists, who say there are too many uncertainties to justify its current levels.
Read more »Apologizes...
Apologizes...(Second column, 10th story, link)Related stories:BIG SIS: TSA makes disabled boy, 4, take off leg braces...
Use Reconciliation for 'Fixes' to HC Bill
A lot of misinformation has been spread recently about the budget reconciliation process. As chairman of the Senate Budget Committee, I have the primary responsibility for budget-related matters in the Senate. So let me set the record straight.Reconciliation is not being considered for passing comprehensive health-care reform. Major health-care reform legislation passed the Senate without reconciliation on Christmas Eve. If the House now passes that legislation, it can go immediately to President Obama's desk to be signed into law. What the president and others have suggested is that, after the House acts, reconciliation could then be used to pass a much smaller "fixer" bill to allow for...
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Fed's Beige Book: Economy Improving
U.S. economic conditions kept improving slightly at the start of 2010, but the blizzards that hit the East Coast hurt several areas, the Fed said in its beige book report.
Read more »BlackRock Boosts Treasurys Holdings
BlackRock has increased its holdings of Treasury securities in recent weeks in response to the unsteady outlook for growth, ongoing sovereign-debt woes and contained inflation risks.
Read more »Salazar: Drilling Won't Begin Until at Least 2012
Rather than adhering to the Beltway tradition of waiting for Friday to release bad news, Interior Department Secretary Ken Salazar eschewed convention today and dropped a bomb on American energy independence, economic recovery, and public opinion when he announced that the next offshore drilling program will not begin until 2012.When Salazar took office last year there was an existing leasing plan set to begin in 2010, a plan that critics believed the Obama administration would alter but not scrap completely. After massive unrest in the summer of 2008 over $4-per-gallon gasoline, Congress finally lifted its 25-year ban on offshore drilling, clearing the way for a common-sense leasing plan.
Read more »RUSSIA VS. USA IN MEN'S FIGURE SKATING...
RUSSIA VS. USA IN MEN'S FIGURE SKATING...(First headline, 1st story, link)Related stories:Olympic Wire...A glitch for every gold at Games...'Support Our Troops' slogan falls foul of rules...Vancouver Feels Heat -- Outside and In...
Read more »UPDATE: Helicopter fails to reach climber who fell into volcano...
UPDATE: Helicopter fails to reach climber who fell into volcano...(Second column, 2nd story, link)Related stories:Dead in crater...
UPDATE: Helicopter fails to reach climber who fell into volcano...
UPDATE: Helicopter fails to reach climber who fell into volcano...(Second column, 2nd story, link)Related stories:Dead in crater...
UPDATE: Helicopter fails to reach climber who fell into volcano...
UPDATE: Helicopter fails to reach climber who fell into volcano...(Second column, 2nd story, link)Related stories:Dead in crater...