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Washington DC News Round-Up

Wednesday, February 12, 2014

Washington D.C. Capitol building in a cloudy sunrise with mirror reflection. (Orhan Cam/Shutterstock)

The House voted yesterday to pass a "clean" debt ceiling bill. Elizabeth Williamson, national reporter for The Wall Street Journal,  talks about the unusual vote and what it says about Washington politics. Plus: the latest ACA delays, and Janet Yellen's first testimony as Fed chair yesterday.

Guests:

Elizabeth Williamson

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Comments [21]

dmc

Come on - nobody believes Williamson would rather be in the midwest. She is a complete Democrat talking point hack.

Feb. 13 2014 05:38 AM
jc

Re Seth's comment: The deficit is going down not the debt. I'm OK with that but they shouldn't be discussed as if they are the same.

Feb. 12 2014 12:54 PM
RUCB_Alum from Central New Jersey

@Lamont W from Manhattan

"...a declining deficit due to a propped up economy based on fed printed money (in the trillions) is not a sustainable path..."

I don't go that far. Using 'stimulus' to 'prime the pump' is sound, short-term, economic theory. Cutting deficits to draw down government spending without a raise in private spending is a recipe for recession. Plain and simple.

Ultimately, if you think the economy has recovered you tend to want to focus on the deficit. If you think there are lots of segments of the economy that still need healing, then you would put employment above deficit cuts. I side with the latter.

What's your priority and how do we strike the balance? I have no faith in the GOP to be honest on this issue since they fought like hell through the 90's to get the budget in balance and then pissed it away with a snap when Dubya took office.

Feb. 12 2014 11:53 AM
Liz Ritter from Washington Heights / NYC

Very interesting segment, but I am sad that sexism is alive-and-well in 2014. NEVER ONCE did I hear or read a reporter describe what Alan Greenspan was wearing. Seriously? Her "sensible shoes"? <Sigh>

Feb. 12 2014 10:38 AM
Lamont W from Manhattan

RUCB_Alum, I assume you are intelligent enough to realize that a declining deficit due to a propped up economy based on fed printed money (in the trillions) is not a sustainable path. You throw Bush in there like it is somehow makes Obama's even higher cumulative deficits OK. Both parties will do nothing to solve this issue, because it is easier to print money, make interest rates you earn 0 (which is actually a tax on your savings hen inflation is obviously higher) and kick the can down the road. I am tired of this being couched as some kind of competition when nothing is further from the truth. We need leadership, not political party cheering and theatrics.

Feb. 12 2014 10:38 AM
Amy from Manhattan

"As the 1st woman chair of the Fed..."

...of course she must have her clothes remarked on. Oh, how far we haven't come.

Feb. 12 2014 10:33 AM
RUCB_Alum from Central New Jersey

@Lamont W from Manhattan

"Huh? The deficit is declining from massively increased levels. That is like you or I running our credit cards up to the millions and then printing some money making some payments and saying look how much we reduced our debt! Amazing."

The amount of money the government needs to borrow to meet its commitments has gone down from $1.5T (last Bush year) to $600B - last projection for 2014. It would be smaller still if Congress would move on a jobs program.

@Seth Peckstiff

"The Debt is going down. Revenues are going up. What's your problem??? Patience grasshopper."

The Deficit - yearly borrowing to maintain current operations - is going down. The Debt - total amount borrowed - is still going up. The only way that Debt goes down is to run a surplus but when we do that, some bozo claims "It's your money!" and gives it out to their donors.

Feb. 12 2014 10:29 AM
Max from Northern NJ

There is little more pitiful than a sexist woman. Tell me, what was Alan Greenspan wearing the last time he appeared before a Senate Committee?

Feb. 12 2014 10:25 AM
Martin Chuzzlewit from Manhattan

".....I'm sorry WSJ has no place on WNYC."

No place, really?

Why, because it's the only major publication that isn't a member of the Obama Media Cheerleaders" Club?

(...and even Obama has made fun of his acolytes)

Feb. 12 2014 10:23 AM
Drew

It would be amusing to hear Boehner say things like this if it wasn't so depressing to hear that the Republicans, who don't believe in gov't and have no faith in it yet keep taking money to be gov't employees, say things like, "it's the President running up the debt", [I didn't get that verbatim] when in fact it's the Congress that passes the budgets and it's the Congress that racks up the debt. So he (and they) either don't understand the gov't process or they are spreading falsehoods for political gain. And I would say that that is the sort of thing that makes one think that gov't doesn't work. Because Americans keep voting in terrible people who think gov't is a terrible thing. Self-fulfilling prophecy...

Feb. 12 2014 10:21 AM
Robert from bklyn

Wall Street Journal reporter neglects to mention that the debt ceiling needed to be raised to account for the increased spending that Congress AUTHORIZED.
I'm sorry WSJ has no place on WNYC.

Feb. 12 2014 10:20 AM
Robert from bklyn

Wall Street Journal reporter neglects to mention that the debt ceiling needed to be raised to account for the increased spending that Congress AUTHORIZED.
I'm sorry WSJ has no place on WNYC.

Feb. 12 2014 10:19 AM
Martin Chuzzlewit from Manhattan

“By now ObamaCare's proliferating delays, exemptions and administrative retrofits are too numerous to count, most of them of dubious legality. The text of the Affordable Care Act specifically says when the mandate must take effect—"after December 31, 2013"—and does not give the White House the authority to change the terms.”

WALL STREET JOURNAL

Feb. 12 2014 10:19 AM
Lamont W from Manhattan

Huh? The deficit is declining from massively increased levels. That is like you or I running our credit cards up to the millions and then printing some money making some payments and saying look how much we reduced our debt! Amazing.

Feb. 12 2014 10:16 AM
jc

The gentleman who called asked about the debt, not the deficit. Remind your guest that there is a difference.

Feb. 12 2014 10:16 AM
Seth Peckstiff

The Debt is going down. Revenues are going up. What's your problem??? Patience grasshopper.

Feb. 12 2014 10:16 AM
RUCB_Alum from Central New Jersey

It's a GOP rope-a-dope! Let's pretend that the failure of the President's agenda has NOTHING TO DO with our obstructionism for the last six years! Unforturnately for them, google never forgets and there are plenty of social media outlets for the rest of us to remind the 'true believers' that the GOP has acted and behaved with duplicity at each and every turn.

If the 'best' that Boehner can do is slice of some votes to go along with the Democratic caucus, what do we need him for anyway? Let's vote Nancy Pelosi into the speakership and be done with it! 265 days and we can do just that!

How dumb they must think we all are.

Feb. 12 2014 10:13 AM
John from Brooklyn

Ms. Williamson is slightly incorrect in her assumption that Democrats have nowhere to go... Myself and many others, in realizing that they're all too similar to Republicans, have begun voting Green Party. True progressives know that's the only way to vote.

Feb. 12 2014 10:11 AM
Sara

ha, ha, ha... so funny... lets add more debt. lets waste more of our hard earned money. what is wrong with the program and the guest? it is more than a horse race, we all have a stake in making sure our government is now just wasting our money and throwing us a few bones.

Feb. 12 2014 10:11 AM

I would understand if you tried and failed to interview Baynor on this -- but why interview another reporter? I would love to be hearing what a Republican had to say.

Feb. 12 2014 10:07 AM
Martin Chuzzlewit from Manhattan


OBAMA REWRITES OBAMACARE – ANOTHER DAY, ANOTHER LAWLESS EXEMPTION
(Wall Street Journal)

“'ObamaCare’ is useful shorthand for the Affordable Care Act not least because the law increasingly means whatever President Obama says it does on any given day. His latest lawless rewrite arrived on Monday as the White House decided to delay the law's employer mandate for another year and in some cases maybe forever.”

Feb. 12 2014 10:04 AM

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