The only surprising part about the departures of Rep. Eric Cantor, R-Va., and Sen. Jon Kyl, R-Ari., from Vice President Joe Biden’s debt-reductions negotiations, is that the farce went on as long as it did.
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Bloomberg released a poll yesterday under the header Americans Worse Than When Obama Inaugurated by 44%-34% Margin.
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Yesterday, the Congressional Budget Office released its 2011 Long-Term Budget Outlook showing total U.S. debt will soon be larger than the entire economy. As the chart above shows, rising government spending, not decreased tax revenue, is the cause of our future deficits.
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The Wall Street Journal‘s Janet Hook and Corey Boles have the scoop:
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Yesterday, the Congressional Budget Office (CBO) released its 2011 Long-Term Budget Outlook showing that the federal government’s publicly held debt is scheduled to eclipse our entire economy (as measured by gross domestic product) by 2021. The response on the right was largely uniform: we need to cut automatic spending programs to bring overall spending levels in line with historic revenue levels.
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For the first time this year, the Associated Press-GfK poll has President Obama’s re-elect number below 50%. But by a one point margin, 48-47, the poll has a plurality of Americans still sending him back to Washington.
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A new report from the Congressional Budget Office (CBO) finds that President Obama’s economic stimulus program helped nearly double U.S. debt.
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It wasn’t as disastrous as Newt Gingrich’s roll out (who, by the way, lost his finance team yesterday), but its hard to imagine how former-Utah Gov. Jon Huntsman’s official announcement could have better exposed the candidate’s flaws..
First, Jon does not spell his name with an “h” but you wouldn’t be able to tell that by the press passes his campaign handed out. They spelled his name “John.” The campaign also passed out materials locating Huntsman headquarters at 123 Main Street, phone number (123) 456-7890.
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Politico‘s Ben Smith reports:
Pawlenty is going up with ads in the first-in-the-nation caucus state starting tomorrow on Fox News with a buy just under $50,000 in the Cedar Rapids, Des Moines, Omaha, Ottumwa, Rochester, and Sioux City media markets. The ads will run from June 23rd to July 3rd.
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In the most heated portion of Jon Stewart’s interview with Chris Wallace on Fox News Sunday, Stewart claimed: “Who are the most consistently misinformed media viewers? … Fox viewers, consistently, every poll.”
But Politifact looked up some recent polls on media viewer knowledge and it turns out Stewart is the one who is misinformed. On Pew’s 2008 Media Survey, Politifact reports:
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President Obama’s post-Osama bin Laden job approval bounce has largely dissipated for most issue areas, but it still persists in the realm of foreign policy (49-46 overall in the latest NBC/WSJ poll, compared to 50-44 on foreign policy). Obama will need that goodwill this week as he both announces troop withdrawal levels from Afghanistan and navigates the months-old conflict in Libya.
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Thirty-three Republicans voted last week to end the federal tax credit for ethanol production.The vote should have been a no-brainer: The federal government has no business picking winners and losers in the energy sector and the tax credit was a direct subsidy to ethanol producers.But 30 of those 33 Republicans also signed the Americans for Tax Reform Tax Payer Protection Pledge, which forbids signatories from voting for any measure that eliminates a tax deduction unless matched by a reduction in tax rates.
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