John King, USA

The latest political news and information on the most important stories affecting you.
August 5th, 2011
07:09 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:

– The jobs numbers are better than expected. The unemployment rate is down. The problem, though, is that the reason the unemployment rate is down is because so many people have given up hope for a new job. That is not a good thing.

– Food stamp usage is now at a record. More Americans are dependent on the federal government than at any time, including the Great Depression — at least you can expect to start hearing a lot of Republicans say that.

– And now Democrats are saying if the government cuts anything it will worsen the economic crisis. It's a Keynesian argument, i.e., if the rate of government spending drops, GDP will drop because there will be no offsetting business spending. After weeks of calling the GOP hostage-takers, it seems the Democrats are doing the same to the economy by making the case that if we make the government stop spending, the economy will die. There is not much sympathy for that argument among voters. Blogger/Founder Jane Hamsher:

RNC Using the Mediscare, Attacking from the Left

The Next Debt Ceiling Deal Will Likely Be Much Worse

Piers Morgan Resorts to “Liar, Liar Pants on Fire” in Heather Mills Phone Hack Claims

Editor’s Note: The blog is a place for a freewheeling exchange of ideas and opinions. CNN does not endorse anything said by its contributors.

Filed under: Bullet Points
soundoff (6 Responses)
  1. Kevin Ellis

    saw your coverage of the downgrade tonight – top notch coverage and insight

    thanks much

    August 5, 2011 at 11:01 pm |
  2. George Matteson

    I am concerned. It is our elected officials, President and Congress that set US policy. Our Secretary of Defense and military leaders are appointed. They are there to implement US policy. They are there to advise the President but it is wrong of the them to hold public appearances and press conferences to change or set policy. General McArthur was relieved of duty for doing that.

    A very concerned American,

    August 6, 2011 at 12:12 pm |
  3. doug

    Hi John: A quick, easy, and serious end to the US economy and debt problems. This simple logic does not mix philosophies of Republicans or Democrats , as the debacle we just saw. Every American that filed a tax return would give 1/10 of 1 % of their last years income as a gift to reduce the National debt. Profitable companies the same. This is strictly a gift with no chartiable donation tax implications, since this would affect the real amount given, and also avoid the Tea party and Republicans associating tax. It is a one time voluntary gift. Much in the same as a gift to a telefon or a FARM-AID context without the tax receipt. It's a gift from the heart, along the lines of "It's a Wonderful life" starring Jimmy Stewart. The logistics of this would be easy to organize and date set.. American's love their country and this would be strictly voluntary, but many would at America's time of need. The effect's of this would overnite change America, and like the movie create a feeling answering JFK's ; "ask not what your country can do for you, but what you can do for your country>" Even Ali I think, can see the merits of this. It WOULD SOLVE at lot of problems and maybe overnite get the AAA back. Pass it on. Throw it out there. Sounds almost too easy. Thanks John.

    August 6, 2011 at 12:17 pm |
  4. Joan

    CNN, why have you got a story on the Political Ticker about the GOP candidates slamming Pres. Obama over the S&P down grading and yet you have nothing about the head of the S&P's comments about why they really lowered the rating? If you posted his comments everyone would see the truth and that is that the debt ceiling debate, political dysfunction and willingness to almost default was the main reason for the lowering of the score. He also specifically mentioned the Republicans tying the deficit to the debt ceiling which was unprecedented and he put more blame on them. You are supposed to report the truth not just the rantings of the GOP presidential wannabes who were either wrong or missing in action during the whole debt ceiling debate. Come on. You pride yourselves in "Keeping them honest" so do it yourselves.. Perhaps if the media had held the Tea Party more accountable during the debate and not kept saying that both parties equally shared the blame for not compromising, then they would not have been able to hijack the debate and spook the markets the way they did. I hope this is not a sign of how the election is going to be covered.

    August 6, 2011 at 3:06 pm |
  5. George Matteson

    I do not see how Defense Secretary Leon Panetta and our military leaders can defend a bloated defense budget that spends as much as the rest of the world combined and six times more than the next closest country’s defense spending.

    I do not see how Defense Secretary Leon Panetta and our military leaders can justify more planes, ships and tanks when we have to borrow that money from our economic competition and in the case of China (our largest creditor) a potential military competition.

    I do not understand why Defense Secretary Leon Panetta and our military leaders can not find a why to provide adequate security for our country at a reduced budget. A $200 billion dollar decrease in defense spending would still provide for spending of over 3 times what the next closest country spends and one third of what the world spends on defense.

    I think Defense Secretary Leon Panetta and our military leaders are not in touch with what is best for our country and do not show the leadership required to make the changes necessary to keep us secure both economically and militarily. As such I strongly believe they should be replaced.

    August 6, 2011 at 4:08 pm |
  6. Alex

    The bntlaat attempt to finish destroying the morality of America through a welfare state system by the Democrats is very clear, but there is no one calling them on it, so it follows that the Republicans are silent partners in the crime.

    February 22, 2012 at 9:42 am |