John King, USA

The latest political news and information on the most important stories affecting you.
August 3rd, 2011
02:46 PM ET

Be in the know: Today's political bullet points

Every day we ask influential politicos to send us their top three bullet points that are driving the day's conversation inside and outside Washington.

RedState.Com Editor Erick-Woods Erickson:

– Here is your must-see chart of the day. No other comment necessary.

– On another front, the FAA remains shut down with the government losing a billion dollars of tax revenue generated through airport fees. The Democrats are trying to say the GOP is holding everyone hostage over a labor union dispute. Except I've read the legislation for the short-term continuing resolution. The labor dispute the Democrats are claiming is the problem is not in the bill. It just simply isn't there. What is there is an end to the essential air service program — a cut the Democrats are opposed to but would have a hard time publicly opposing.

– Has anyone noticed the short-term continuing resolution expires September 30th? Get ready for another Washington kabuki dance. Blogger/Founder Jane Hamsher:

Debt Ceiling Deal Trickery: A Catalyst for an Uprising?

The Next Hostage Crises: 2012 Appropriations, Federal Gas Tax

States, Everyone in Them, Country Screwed By Debt Limit Deal, Fiscal Policy Path

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Filed under: Bullet Points
soundoff (One Response)
  1. Cathy

    John had an interesting board with %s for areas of current spending. It is clear that we cannot continue to borrow 40% of what we spend nor are we able to create jobs immediately which would increase revenue. The government takes in money from taxes – it does not have products to sell nor sales reps bringing in commissions. Cutting programs puts people out of work – decreases tax revenue and puts many on unemployment until they run out and go into default. History shows that with higher taxes we were paying down debt until Bush won election with "It's our money give it back!" Is there anyone able to put together an interactive site where citizens can try to cut us into debt reduction – updated as we increase debt and interest costs? Like the computer in the movie "War Games" we will believe anything until we discover it cannot be done. We need to really see what the commissions have recommended and how the cuts or increases effect the population. With the budget for the House of Representatives alone at 3 Billion a year nothing is without cost.

    August 5, 2011 at 1:02 pm |