A Mexican Standoff was created last month when the Tea Party pushed GOP leaders to use the threat of shutdown to block a possibly fatally flawed expansion of federally funded health coverage – you can’t even register for it on the govt website.
We still don’t know what was happening behind the smoke screen, though. All we know is that campaign succeeded mainly in undermining popular support for half of the War Party, the Republicans. By late Wednesday, dozens of anxious GOP lawmakers were ready to give President Obama almost exactly what he requested months ago: a bill to fund the government and increase the Treasury Department’s borrowing power with no strings attached. Continue reading “Obama Signs Bill to Raise Debt Limit, Reopen Government with Over 100% Debt-To-Gdp Ratio”

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