Truth Out Debt Theater Up Date
Jul. 30th, 2011 11:47 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
nebrisSenate Quickly Kills Boehner Debt Bill
http://www.truth-out.org/senate-quickly-kills-boehner-debt-bill/1312030751
Carl Hulse and Robert Pear, The New York Times News Service: "After a 24-hour delay and concessions to conservatives, the House on Friday narrowly approved a Republican fiscal plan that the Senate quickly rejected in a standoff over the federal debt ceiling that was keeping the government on a path to potential default. Despite a day of frenzied legislative maneuvering... the two parties made no visible progress in finding common ground, leaving Washington, Wall Street and much of the nation watching the clock toward a deadline of midnight Tuesday."
Mainstream Reporters: Too Close to the Field and Teams to Get the Debt Story
http://www.truth-out.org/mainstream-reporters-too-close-field-and-teams-get-debt-story/1312033901
Jeff Cohen, Truthout: "If you were a spectator in a sky box seat looking directly down on the Washington debt debate, you’d be seeing a contest both narrow and off to one edge of the field - like watching a football game being played entirely between the 10-yard line and the goal line. The big items that added trillions to the debt are not even on the field of debate. Because the two teams are not contesting them."
World Reacts to Debt Ceiling Debacle: "Irresponsible," "Worst Kind of Absurd Theatrics"
http://www.truth-out.org/world-reacts-debt-ceiling-debacle-irresponsible-worst-kind-absurd-theatrics/1312035874
Ken Sofer, ThinkProgress: "From France and Germany to China and India, countries around the world are angry that American politicians play with the possibility of a U.S. default like a yo-yo with little regard for the international economic system that depends on American solvency... Even if Congress manages to forge a deal against the wishes of the Tea Party and deliver a bill to President Obama's desk raising the debt ceiling before default, the damage to our international standing has already been done."
Economists: Now is Wrong Time for Congress to Cut Spending
http://www.truth-out.org/economists-now-wrong-time-congress-cut-spending/1312039103
Kevin G. Hall, McClatchy Newspapers: "Despite the weak growth, politicians aren't arguing about stimulating the economy; rather they're debating how quickly and how much to cut spending, thus shaving economic growth in the process... The U.S. economy grew at an anemic 1.3 percent rate from April to June, the Commerce Department reported Friday. It also revised downward the growth rate over the first three months of 2011 to just 0.4 percent."
Large Mortgage Service Filed False Documents in Foreclosure Bid
http://www.truth-out.org/large-mortgage-service-filed-false-documents-foreclosure-bid/1312042309
Paul Kiel, ProPublica: "GMAC, one of the nation's largest mortgage servicers... wanted to foreclose on a New York City homeowner but lacked the crucial paperwork needed to seize the property... Three months later, GMAC had an answer. Itfiled a document with New York City authorities that said the delinquent Ameriquest loan had been assigned to it 'effective of' August 2005. The documentwas dated July 7, 2010, three years after Ameriquest had ceased to exist... In New York, it's a felony to file a public record with 'intent to deceive.'"
http://www.truth-out.org/senate-quickly-kills-boehner-debt-bill/1312030751
Carl Hulse and Robert Pear, The New York Times News Service: "After a 24-hour delay and concessions to conservatives, the House on Friday narrowly approved a Republican fiscal plan that the Senate quickly rejected in a standoff over the federal debt ceiling that was keeping the government on a path to potential default. Despite a day of frenzied legislative maneuvering... the two parties made no visible progress in finding common ground, leaving Washington, Wall Street and much of the nation watching the clock toward a deadline of midnight Tuesday."
Mainstream Reporters: Too Close to the Field and Teams to Get the Debt Story
http://www.truth-out.org/mainstream-reporters-too-close-field-and-teams-get-debt-story/1312033901
Jeff Cohen, Truthout: "If you were a spectator in a sky box seat looking directly down on the Washington debt debate, you’d be seeing a contest both narrow and off to one edge of the field - like watching a football game being played entirely between the 10-yard line and the goal line. The big items that added trillions to the debt are not even on the field of debate. Because the two teams are not contesting them."
World Reacts to Debt Ceiling Debacle: "Irresponsible," "Worst Kind of Absurd Theatrics"
http://www.truth-out.org/world-reacts-debt-ceiling-debacle-irresponsible-worst-kind-absurd-theatrics/1312035874
Ken Sofer, ThinkProgress: "From France and Germany to China and India, countries around the world are angry that American politicians play with the possibility of a U.S. default like a yo-yo with little regard for the international economic system that depends on American solvency... Even if Congress manages to forge a deal against the wishes of the Tea Party and deliver a bill to President Obama's desk raising the debt ceiling before default, the damage to our international standing has already been done."
Economists: Now is Wrong Time for Congress to Cut Spending
http://www.truth-out.org/economists-now-wrong-time-congress-cut-spending/1312039103
Kevin G. Hall, McClatchy Newspapers: "Despite the weak growth, politicians aren't arguing about stimulating the economy; rather they're debating how quickly and how much to cut spending, thus shaving economic growth in the process... The U.S. economy grew at an anemic 1.3 percent rate from April to June, the Commerce Department reported Friday. It also revised downward the growth rate over the first three months of 2011 to just 0.4 percent."
Large Mortgage Service Filed False Documents in Foreclosure Bid
http://www.truth-out.org/large-mortgage-service-filed-false-documents-foreclosure-bid/1312042309
Paul Kiel, ProPublica: "GMAC, one of the nation's largest mortgage servicers... wanted to foreclose on a New York City homeowner but lacked the crucial paperwork needed to seize the property... Three months later, GMAC had an answer. Itfiled a document with New York City authorities that said the delinquent Ameriquest loan had been assigned to it 'effective of' August 2005. The documentwas dated July 7, 2010, three years after Ameriquest had ceased to exist... In New York, it's a felony to file a public record with 'intent to deceive.'"
(no subject)
Date: 2011-07-30 06:53 pm (UTC)(no subject)
Date: 2011-07-30 06:59 pm (UTC)~M~
(no subject)
Date: 2011-07-30 07:03 pm (UTC)seen this coming
Date: 2011-07-30 07:10 pm (UTC)~M~
Re: seen this coming
Date: 2011-07-30 07:13 pm (UTC)