The Debt Ceiling is a noun used to set an upper limit on the amount of money that a government can borrow. The purpose for the debt ceiling is to help a country meet its existing legal obligations. ?The debt ceiling is a figure which applies to the gross debt which includes the public debt […]
Tonight, with the United States teetering on the edge of a potential default, a deal appears to be likely later tonight if the House of Representatives passes the Senate’s bill. However, come February of 2014, it’s quite likely that dejavu will be taking place all over again. If we have learned anything since President Obama […]
As the Republican engineered US government shutdown continues its third week, it is becoming more and more apparent that US-based science research efforts and cooperative activities both at home and abroad are being impacted. Although signals of a possible compromise are coming from Washington, research and operations at federally-funded agencies has been severely hit by […]
With a likely permanent downgrade in Americans’ quality of life just around the corner, all eyes and ears are focused on the debt ceiling/default showdown. The weekend kicked off last Thursday with Treasury Secretary Jack Lew warning Congress of the “potentially catastrophic” dangers of the United States defaulting on its payments.?Lew told the Senate Finance […]
All anyone has heard for months now from the Republican party is that unless the Affordable Care Act is defunded they were going to huff and puff and shut the government down. So in conjunction with the unveiling of President Barack Obama’s landmark health care reform law the Republicans made good on their threats and […]
The government has been shut down! Move along nothing to see here. Really, there is not much to see because everything is closed. Want to see Lady Liberty in all her glory? Sorry, access denied. How about visit the WWII memorial to remember all those who gave their lives for freedom? ?You are blocked by […]
On Friday, Governor Bobby Jindal of Louisiana?published?an opinion column on CNN.com. The piece is a typically vacuous screed against some of the great forces of evil in American life: Obama, Big Government, and debt. Jindal obviously phoned it in, assuming he didn’t just have some intern type it up in twenty minutes.