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Sarah Palin’s latest spending spree

Former Alaska Governor and failed Vice Presidential candidate Sarah Palin — the centerfold for a faux grassroots tea party movement that claims to represent fiscal responsibility — uses her political action committee funds for “shop ’till you drop” spending sprees. A look at her latest filing with Federal Election Commission shows Palin likes to blow money on frills. She spent 14 grand for a fancy “bus wrap” on the vehicle used for her aborted “One Nation” tour earlier this year. The tour came to abrubt halt after a string of missed appearances and disappointing crowds. The “bus wrap” was a
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Obama’s anger with Republicans boils over

Did a frustrated President Barack Obama storm out of an acrimonious meeting on the debt limit crisis with Congressional leaders Thursday? Depends on how you look at it. Bombastic Virginia Congressman Eric Cantor — who walked out on the budget talks led by Vice President Joe Biden earlier this year — claims the President got pissed, declared “enough’s enough” and ended the session. “He said he had sat here long enough,” Cantor claimed. “No other President, Ronald Reagan, wouldn’t sit here like this.” Democrats claim Cantor exaggerated. Obama, they said, simply made some emotional remarks about Republican intransigence and retreated
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Are we ready for a First Husband?

With one high-profile woman in the GOP race for President and another waiting in the wings, America could once again face the possibility of a First Husband in the White House. The question arose in 2008 when Hillary Clinton and Barack Obama fought for the Democratic nomination.  Polls gave either a solid shot of victory over eventual GOP nominee John McCain. Now the political tables have turned. Minnesota Congresswoman Michele Bachmann is the new GOP frontrunner in the latest polls and her husband — psychologist Marcus Bachmann — is in the spotlight as a potential First Spouse. And there is
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Some in GOP fed up with Cantor’s antics

Republican insiders — fed up with the scorched-earth tactics of House Majority Leader Eric Cantor — privately fear the fiery Virginia right-winger could destroy the party’s majority in the House of Representatives with his constant undermining of Speaker John Boehner’s attempts to reach a debt deal with President Barack Obama. But while Republicans fret, Obama uses Cantor’s intransigence to drive a deeper wedge between the Majority Leader and the Speaker. According to the web site Politico, Obama is exploiting tensions between Cantor and Boehner.  Meanwhile, GOP sources close to the Speaker tell Capitol Hill Blue that party leaders have “had
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McConnell proposes way to end debt-limit stalemate

The level of frustration felt by some on Capitol Hill has reached the point that even a Republican leader is proposing giving President Barack Obama the power to increase the debt ceiling on his own without the approval of Congress. A long-shot proposal by Senate Minority Leader Mitch McConnell of Kentucky highlights the realization that the debate over taxes and revenue is at a standstill and cannot be resolved by continuing to fight. While tea party zealots screamed in dismay over McConnell’s proposal, calmer heads appeared to realize that no other option may be available to resolve the issue. “I
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Ron Paul opts out of Congress

Texas Congressman — and twice-failed Presidential candidate — Ron Paul is effectively ending his political career by choosing to give up his seat in Congress to concentrate on a third try for a Presidency he can’t win. The 75-year-old Paul — a hard-line libertarian with a small but rabid following — announced Tuesday he will not seek re-election to another term in the House and will focus on his run for the GOP nomination for President. But Paul — despite a penchant for raising millions that he later converts to other uses — is at best a long shot, a
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Deadlock of inflexible rhetoric

President Barack Obama and GOP lawmakers, hundreds of billions of dollars short of their goal and seemingly trapped in inflexible bargaining positions, are struggling for agreement on $2 trillion-plus in budget cuts as the price for maintaining the government’s ability to borrow. Lawmakers were asked to return to the White House for talks Tuesday afternoon after a 90-minute Monday session produced no progress other than to identify the size of the gap between Republicans and Obama. Neither side showed any give that might generate hopes for a speedy agreement. Instead, Republicans again took a firm stand against revenue increases while
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Anatomy of GOP hardliners

On the surface, it would seem like an opportune time for Congress to include targeted tax hikes as part of a cost-cutting package to reduce the huge federal deficit. Federal taxes, as a share of the overall economy, are at their lowest levels since 1950. A return to the higher income tax rates of the Clinton presidency — when many Americans prospered, and calls for tax cuts were fairly muted — would wipe out most of the deficit. And congressional Democrats appear ready to make deep spending cuts, sought by Republicans, in exchange for a smaller level of tax increases.
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Debt limit: Tick, tick, tick…

With pressuring continuing to build but no breakthroughs in sight, budget bargaining between President Barack Obama and top lawmakers resumes Monday at the White House, with both sides hoping to slash the deficit as the price for permitting the government to borrow more than $2 trillion to pay its bills. In a rare Sunday meeting in the White House Cabinet Room, Obama continued to push for a “grand bargain” in the range of $4 trillion worth of deficit cuts over the coming decade, but momentum is clearly on the side of a smaller measure of perhaps half that size. Obama
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Taxes still a stumbling block

After months of effort, President Barack Obama and congressional Republicans are right back where they started as they try to avert a looming debt default: arguing over taxes. With a “grand bargain” to tame the national debt seemingly off the table, Obama, House of Representatives Speaker John Boehner and other top leaders will try for a more modest deal when they resume their discussions at the White House on Monday afternoon. But negotiators will have to confront a divide over taxes that has prevented them from reaching a deal so far. Democrats say new tax revenues need to be part
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