Looks like it: The credit rating agency’s managing director, John Chambers, tells ABC’s “This Week” that if the fiscal position of the U.S. deteriorates further, or if political gridlock tightens even more, a further downgrade is possible. Chambers also said Sunday that it would take “stabilization and eventual decline” of the federal debt as a share of the economy as well as more consensus in Washington for the U.S. to

Again, as with most of what the GOP establishment peddles as “complicated” and difficult to explain, the “revenue” trap is easy to overcome. Boehner holds a press conference and says “everyone from both parties believes in raising revenues. Republicans do it through a promotion of prosperity and growth: when more people are working, and businesses are burdened less, revenues always increase, as [historical example X and historical example Y] clearly

Historic! What’s left to say, really? Hobbits rule, GOP establishment / Democrats / inside the Beltway pundit class both left and right, drool. Somebody do me a favor and send Bill Kristol a nice fancy cheese log. **** update: I honestly can’t get over the audacity. J Pod, Commentary: The Left will and is already blaming the Tea Party and Republicans. The Right will and is blaming the growth of

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The First Amendment is for purists and extremists, evidently. And sensible, sober, realistic political thinkers like John Kerry know when it’s time to call a Hobbit a Hobbit and boot those hairy-footed, do-gooder midgets back to the idealistic fantasy land that belched them forth, lest people begin taking them too seriously as an alternative to the sensible, sober, realistic political establishment — one that believes unemployment benefits create jobs, and

From 9.2 down to 9.1! Of course, 38k fewer people worked in July than June — and 2.7 million net jobs have been lost under Obama’s stewardship — but hey, that’s like, totally inside baseball-type statistic keeping. No. You, like the mainstream press, need to focus on the drop to 9.1. That tells us we’re going in the right direction © — and that there is no recession, no matter

“$239 billion spike uses up 60% of funding OK’d on Tuesday.” Washington Times: U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal. The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 trillion on Tuesday, according to the

Sorry, but I’m beginning to think that one of the greatest failings of the Founders and Framers is that they didn’t provide we the People a trigger by which we would be allowed to sedate all of our elected officials, dump them into a dark, dank pit, and then seal them inside with about three dozen honey badgers. FOXNews, “Only One Senator Stays to Question U.S. Envoy to Syria at

VDH examines denizens of the left, and manages to do so without calling them racist Nazi psychopaths stuck in the anal stage, suffering from both addiction and a fantastical, phantasmagoric cultural nostalgia that causes them to pine away for a lost cultural innocence and purity that never actually existed, but rather is a projected mythos to which they cling like so many hillbilly bronze beetles to a wizened birch. Which,

Happy Birthday, Mr President. (h/t newrouter)