Any projects that have not come in for approval, we’re not going to be able to fund those as this point. We’re going to postpone those. Our goal is to keep this disruption as short as possible, but it was prudent.FEMA Administrator Craig Fugate • Describing the reasons that FEMA is putting their long-term work to repair Joplin, Mo. on hold, and instead putting that money towards Hurricane Irene. Another issue arising in the Hurricane Irene situation? They might run into yet another wall of House Republican suck. That’s because House Majority Leader Eric Cantor makes no guarantees about funding Irene cleanup unless there are budget cuts to match, which is a real jerk move which shows how out-of-touch with reality that the GOP is. Now, granted, Ron Paul pitches ideas like these all the time. But when the GOP leadership continues to do so without regard to the current situation at hand, it makes you you want to vote all the bums out en masse next year. source (via • follow)
I’m asking you to look at a potential increase in the debt limit as a leverage moment when the White House and President Obama will have to deal with us. Either we stick together and demonstrate that we’re a team that will fight for and stand by our principles, or we will lose that leverage.House Majority Leader Eric Cantor • Speaking at a GOP retreat in January. In other words, what happened last week was the plan all along. The Washington Post has a great piece on the origins of the debt showdown. And that’s just the tip of the iceberg.
boehner’s bill falls short: After a chaotic day of vote-whipping, vote-delaying, and vote-switching, John Boehner has decided to postpone the vote on his debt ceiling bill. Despite multiple assurances that it would be brought to a vote before tomorrow, at the end of the day, Boehner didn’t have enough votes to ensure the bill’s passage (and he wasn’t going to embarrass himself by introducing a bill that was sure to fail). In an unusual alignment, conservative Tea Partiers and House Democrats all pledged to vote against the bill, albiet for different reasons. While the legislation has virtually no chance of passing the Democratic-controlled Senate, Boehner’s ability to shepherd it through the House is seen by many as the first real test of his leadership abilities. If he doesn’t eventually pass it, there’s a good chance he’ll (eventually) be deposed as Speaker. But it’s not over yet—sources say Republicans plan to tweak the bill a bit, and re-introduce it tomorrow. source
Responsibility without conviction is weak, but it is sane. Conviction without responsibility, in the current incarnation of the Republican Party, is raving mad.George Packer • On how each party is handling the (possible) debt ceiling increase. source (via • follow)
I’ve reached my limit. This may bring my presidency down, but I will not yield on this.President Obama • Toward the end of a budget meeting with Republicans. It’s not clear what policy he won’t yield on, but from the texture of the debate thus far, we’re guessing it’s the inclusion of revenue increases in the deal to raise the debt-ceiling.source (via • follow)
Each side came into these talks with certain orders, and as it stands the Democrats continue to insist that any deal must include tax increases. … Given this impasse, I will not be participating in today’s meeting and I believe it is time for the President to speak clearly and resolve the tax issue.Rep. Eric Cantor • Speaking on negotiations between Democrats and Republicans on raising the U.S. debt limit. Cantor, as well as Senator Jon Kyl, have abandoned the negotiations over tax raises the Democrats insist on pairing with the spending cuts the GOP is thirsting for. Speaker Boehner says that talks could continue if tax raises are off the table, which is obvious — if the Democrats abandon what they want out of this deal, it could get done, but that’s more caving than compromise. Cantor says they did find areas of compromise, though: “I believe that we have identified trillions in spending cuts, and to date, we have established a blueprint that could institute the fiscal reforms needed to start getting our fiscal house in order,” he notes. source (via • follow)