Local Connection: Debt Ceiling - Hawaii News Now - KGMB and KHNL

Local Connection: Debt Ceiling

By: Rick Blangiardi

There's still crazy stuff going on in Washington.

President Obama sought one-point-six trillion in higher tax revenue to close the deficit and got less than half that.

But, Senate Republican leader Mitch McConnell says we're done with the tax side.

President Obama says he's not going to debate raising the borrowing limit to pay for bills congress already incurred.

Republicans say they won't vote to raise the debt ceiling without spending cuts now.

Both sides - let me say that again, *both* sides - seem obsessed with saying they won't bargain.

Posturing is no substitute for negotiation.

Financial legislation is supposed to start on the house side of Capitol Hill.

But the house has two problems.

One is that most of the key players have their eye on the next election instead of the debt crisis.

The other is that the republican majority is divided into factions.

It's fifty shades of red and all they have in common is their dislike of blue.

Cutting spending and raising taxes without creating a new recession will be hard enough without all these side issues.

Copyright 2012 Hawaii News Now. All rights reserved

  • Hawaii News Now headlinesNewsMore>>

  • Smoking hits new low; about 14 percent of US adults light up

    Smoking hits new low; about 14 percent of US adults light up

    Tuesday, June 19 2018 1:10 AM EDT2018-06-19 05:10:52 GMT
    Thursday, June 21 2018 11:58 PM EDT2018-06-22 03:58:43 GMT
    (AP Photo/Rich Pedroncelli, File). FILE - In this June 22, 2012, file photo, a smoker snuffs out a cigarette at the Capitol in Sacramento, Calif. The rate of smoking among adults in the U.S. fell to about 14 percent in 2017, according to new data relea...(AP Photo/Rich Pedroncelli, File). FILE - In this June 22, 2012, file photo, a smoker snuffs out a cigarette at the Capitol in Sacramento, Calif. The rate of smoking among adults in the U.S. fell to about 14 percent in 2017, according to new data relea...
    Smoking by US adults hits another all-time low; about 14 percent smoke cigarettes.More >>
    Smoking by US adults hits another all-time low; about 14 percent smoke cigarettes.More >>
  • Immigrant kids seen held in fenced cages at border facility

    Immigrant kids seen held in fenced cages at border facility

    Monday, June 18 2018 9:00 AM EDT2018-06-18 13:00:17 GMT
    Thursday, June 21 2018 11:58 PM EDT2018-06-22 03:58:38 GMT
    (U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...(U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...
    Hundreds of unaccompanied child immigrants arrested at the U.S. border are being held in metal cages at a family detention facility in McAllen, Texas.More >>
    Hundreds of unaccompanied child immigrants arrested at the U.S. border are being held in metal cages at a family detention facility in McAllen, Texas.More >>
  • 'Papa! Papa!' Audio of children stokes rage over separation

    'Papa! Papa!' Audio of children stokes rage over separation

    Tuesday, June 19 2018 1:20 AM EDT2018-06-19 05:20:32 GMT
    Thursday, June 21 2018 11:58 PM EDT2018-06-22 03:58:10 GMT
    (U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...(U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...
    An audio recording that appears to capture the heartbreaking cries of small Spanish-speaking children being processed by U.S. officials stoked the uproar over the policy of separating immigrant children from their...More >>
    An audio recording that appears to capture the heartbreaking cries of small Spanish-speaking children being processed by U.S. officials stoked the uproar over the policy of separating immigrant children from their parents.More >>
Powered by Frankly