Deficit Debacle; Obama Debt Commission Struggling to Achieve Consensus
President Obama has repeatedly promised to tackle the long-term structural deficit of this country, but when? Even his debt commission is at odds over whether it would be better to chip away at the deficit in earnest while the economy remains in such a delicate state, or after stability takes hold.
On Thursday, Mr. Obama signed a bill intended to stem government bloat by reducing federal government waste, fraud and abuse by $50 billion between now and 2012. “We have to challenge a status quo that accepts billions of dollars in waste as the cost of doing business,” the president proclaimed at the White House event.
With a report from the president’s Bipartisan National Commission on Fiscal Responsibility and Reform not due until December, public comments from its members have yet to reveal a consensus view over how to proceed with deficit reduction. Sparing no frankness, Commission Co-chair and former Republican Senator Alan Simpson said recently that the group is comprised of “good people of deep, deep difference, knowing the possibility of the odds of success are rather harrowing to say the least.” Read more.
N. Korea Threatens ‘Physical Response’ to U.S. Drills; Clinton Blasts ‘Belligerent’ Acts
HANOI, Vietnam (AP) — North Korea on Friday threatened the United States and South Korea with a “physical response” to planned weekend naval exercises as tensions with the communist nation rose in the aftermath of the sinking of a South Korean warship blamed on the North.
In Vietnam for a Southeast Asian regional security forum, Secretary of State Hillary Clinton and a North Korean official traded barbs over the ship incident, the upcoming military drills and the imposition of new U.S. sanctions against the North.
The spokesman for the North Korean delegation to the talks, Ri Tong Il, repeated Pyongyang’s denial of responsibility for the March sinking of the ship that killed 46 South Korean sailors and said the upcoming military drills were a violation of its sovereignty that harkened back to the days of 19th-century “gunboat diplomacy.” Read more.
President Obama, White House react to ‘cable chatter’
President Barack Obama has made a mantra out of insisting he and his White House won’t get caught up in “cable chatter,” with aides proudly insisting they don’t let 24-hour news outlets drive decision-making.
But this week’s forced resignation of a previously obscure Agriculture Department employee is just the latest example of Obama officials reacting to a cable news-driven obsession of the right.
It not only infuriates Obama’s liberal base, which feels like the episodes just reinforce the power of the right to push a damaging story into the mainstream press. But as this week shows, the White House’s touchiness even threatens Obama’s ability to keep control of his own public persona, or steer the national conversation in a way that’s conducive to promoting his message and his agenda. Read more.
10 nations join Mexican opposition to Arizona law, politician says
(CNN) — Mexico has received the support of parliamentary leaders from 10 nations in opposition to Arizona’s controversial new immigration law, the Mexican Senate president said Wednesday.
Mexico and the other nations signed a declaration expressing their “strong condemnation and profound rejection of the law,” said Senate President Carlos Navarrete Ruiz.
The Arizona law, which is scheduled to go into effect later this month, requires anyone being investigated by police for a possible crime to provide proof of legal residency.
Opponents say the measure is discriminatory and invites racial profiling, but supporters say it’s necessary to curb the flood of illegal immigrants in the border state. Read more.
Climate bill on the ropes
The Senate climate bill has been at death’s door several times over the past year. But with the days before the August recess quickly slipping away, the case may truly be terminal now.
Senate Majority Leader Harry Reid (D-Nev.) has wanted to introduce a sweeping energy and climate bill by next week, and Reid even told POLITICO on Monday night that the package was almost ready to go.
But by Tuesday afternoon, Reid was noncommittal about when a bill would come or what it would contain.
“We’re going to make a decision in the near future,” Reid said, describing plans for a Democratic caucus on the issue Thursday. “We’re really not at a point where I can determine what I think is the best for the caucus and the country at this stage.” Read more.
Republicans See Path to Control of Senate
WASHINGTON—Democrats for the first time are acknowledging that Republicans could retake the Senate this November if everything falls into place for the GOP, less than two years after Democrats held a daunting 60-seat majority.
Leaders of both parties have believed for months that Republicans could win the House, where every lawmaker faces re-election. But a change of party control in the Senate, where only a third of the members are running and Republicans must capture 10 seats, seemed out of the question. Read More.
GOP senators: Obama failing in oil clean-up
Just days after BP temporarily plugged the massive oil leak in the Gulf of Mexico, Senate Republicans on Sunday lashed out at the Obama administration for failing to clean up America’s soiled shoreline.
Senate Minority Leader Mitch McConnell (R-Ky.) told CNN’s “State of the Union” that the administration was suffering from incompetence.
“This is mainly a failure of the administration,” McConnell said. “BP caused the spill. It’s BP’s responsibility to plug that leak. The federal government has been trying to keep the oil off the shores of the United States. It took the administration 70 days to order [oil-collecting] skimmers down to the Gulf.” Read more.