My thoughts on the British Prime Minister's Murdoch inquiry judge selection, the ninety-one debt ceiling increases from 1960 to present, the forty-four out of forty-five Democrats who voted against increasing the debt ceiling in 2006, and a British minister and economist calling "right-winged nutters" in the U.S. their biggest threat— over the debt ceiling.
The New York Times headline: Rival Debt Plans Being Assembled by Party Leaders — good morning :) today is Monday, July 25.
A NEW GOVERNMENT?: In Britain a phone-hacking scandal widens as Prime Minister Cameron faces intense heat from Labour MP's and constituents to chose a new inquiry judge. The current head of the probe, Lord Justice Leveson, is facing further pressure in the morning's English press for attending two parties at Murdoch's son-in-law's house. As support builds against Lord Leveson, the opposition's leader, Ed Miliband, isn't calling him out. Prompting an angry headline in this morning's Independent:
Wake up, Ed, and get stuck into Lord Leveson
Now, new calls for Prime Minister Cameron's resignation and/or a new government.
DEBT CEILING: Yes, GOP leaders have voted a total of nineteen times to increase the debt ceiling, but did you know the debt ceiling has been increased ninety-one times since 1960? Moreover, forty-four out of forty-five Democrats voted against a debt ceiling increase in 2006. The president, one of those Democrats, said he was just a naïve politician playing politics, and that he made a mistake.
QUOTE:
The irony of the situation at the moment, with markets opening tomorrow morning, is that the biggest threat to the world financial system comes from a few right-wing nutters in the American congress rather than the euro zone
- British Business Secretary and former economist Vince Cable
CBS NEWS POLL: Whose handling of the debt ceiling negotiations do you approve of? Obama: 43% - Congressional Democrats: 31% - Congressional Republicans: 21%
ENJOi [PiC]