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US Hits Debt Ceiling Dec. 31st; Geithner Sends Letter to Congress

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As the country approaches the ‘”fiscal cliff” on January 1st, the U.S. debt limit also reaches it mandatory limit on New Year’s Eve, compounding the nation’s fiscal house of business

This morning the U.S. Department of Treasury released Secretary Timothy Geithner’s letter sent to Congressional leaders yesterday warning that the U.S. debt limit will reach its mandatory ceiling on December 31st.  In an appendix attached, Geithner’s explains the “extraordinary measures” his office will take to create a $200 billion fund in “headroom” to keep the government under the debt limit, allowing the US to meet its legal obligations for about 60 days.

But Geithner’s letter issues a caveat by insisting these measures may not cover all fiscal bases, given the looming fiscal cliff deadlines:  “However, given the significant uncertainty that now exists with regard to unresolved tax and spending policies for 2013, it is not possible to predict the effective duration of these measures.”

His letter follows in its entirety:

December 26, 2012

The Honorable Harry Reid

Majority Leader

United States Senate

Washington, DC  20510

Dear Mr. Leader:

I am writing to inform you that the statutory debt limit will be reached on December 31, 2012, and to notify you that the Treasury Department will shortly begin taking certain extraordinary measures authorized by law to temporarily postpone the date that the United States would otherwise default on its legal obligations.

These extraordinary measures, which are explained in detail in an appendix​ to this letter, can create approximately $200 billion in headroom under the debt limit.  Under normal circumstances, that amount of headroom would last approximately two months. However, given the significant uncertainty that now exists with regard to unresolved tax and spending policies for 2013, it is not possible to predict the effective duration of these measures.  At this time, the extent to which the upcoming tax filing season will be delayed as a result of these unresolved policy questions is also uncertain. If left unresolved, the expiring tax provisions and automatic spending cuts, as well as the attendant delays in filing of tax returns, would have the effect of adding some additional time to the duration of the extraordinary measures.  Treasury will provide more guidance regarding the expected duration of these measures when the policy outlook becomes clearer.

Sincerely,

Timothy F. Geithner

Identical letter sent to:

The Honorable John A. Boehner, Speaker of the House

The Honorable Nancy Pelosi, House Democratic Leader

The Honorable Mitch McConnell, Senate Republican Leader

cc:  The Honorable Dave Camp, Chairman, House Committee on Ways and Means

The Honorable Sander M. Levin, Ranking Member, House Committee on Ways and Means

The Honorable Max Baucus, Chairman, Senate Committee on Finance

The Honorable Orrin Hatch, Ranking Member, Senate Committee on Finance

All other Members of the 112th Congress

The Senate has reconvened and Majority Leader Harry Reid hopes to send a measure to the House of Representatives that can garner bi-partisan support to avoid the fiscal cliff, not withstanding the possibility that Republican Senator Mitch McConnell could filibuster.  But be prepared to get out your checkbooks fellow taxpayers. Happy New Year America!

316568_10150308241032334_651712333_8318983_213496096_nTanya L. Domi is the Deputy Editor of the New Civil Rights Movement blog.  She is also an Adjunct Assistant Professor of International and Public Affairs at Columbia University and teaches human rights in East Central Europe and former Yugoslavia.  Prior to teaching at Columbia, Domi was a nationally recognized LGBT civil rights activist who worked for the National Gay and Lesbian Task Force during the campaign to lift the military ban in the early 1990s. Domi has also worked internationally in a dozen countries on issues related to democratic transitional development, including political and media development, human rights and gender issues.  She is chair of the board of directors for GetEQUAL.  Domi is currently writing a book about the emerging LGBT human rights movement in the Western Balkans.

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‘Lied Through His Teeth’: Senator Warns RFK Jr. Undermining Vaccine Will ‘Kill’ Kids

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U.S. Senator Chris Murphy (D-CT) is accusing Secretary of Health and Human Services Robert F. Kennedy Jr. of lying during his Senate testimony this week, and warning that the HHS chief’s efforts to destroy faith in the measles vaccine will lead to children dying.

“It’s not a small thing that Trump’s Cabinet thinks Congress and the American people are so dumb that they can tell brazen lies over and over. We can’t normalize this,” Senator Murphy urged.

“The way in which Trump and Trump’s cabinet lie through their teeth, unapologetically and brazenly, to Congress and the American people, is outrageous,” Murphy said in video (below) he posted online Friday. “And I really worry that we risk normalizing it by not calling it out when it happens.”

He called the exchange he had with RFK Jr. “maddening” and “heartbreaking,” and said the HHS Secretary “essentially says that he’s no longer recommending that families get the measles vaccine. That’s going to kill hundreds, if not thousands of kids in this country.”

Murphy then played a clip from Kennedy’s testimony (which NCRM covered earlier this week), and, he said, caught Kennedy in a lie.

RELATED: ‘None of That Is True’: RFK Jr. Fact-Checked Repeatedly in Heated Senate Hearing

“By the way,” Kennedy told Murphy, “I said at the [House] hearing this morning that I was recommending the measles vaccine,” and told him to “look at the transcript.”

“So guess what I did?” Murphy says. “I went and checked the House transcript. It’s hours of testimony. I and my staff watched all of it, and guess what? Nowhere, nowhere in that transcript does he say he recommends the measles vaccine.”

“He lied through his teeth, and he did it because all of these MAGA sycophants have gotten used to lying. Donald Trump does it all the time, so they think they can do it as well. But we can’t normalize this because you can’t run a country if your leaders are lying to you every single day,” the Connecticut Democrat warned.

“RFK Jr. doesn’t support the measles vaccine, and he shouldn’t pretend that he does. He undermines the vaccine on a daily basis and whether we like his conspiracy theory positions or not, he should just be honest with the American people. They should all be honest with the American people, and none of us should normalize or get used to this amount of lying.”

Watch the video below or at this link.

READ MORE: ‘It Meant Assassination’: Trump Blasts ‘Dirty Cop’ Comey for ‘8647’

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‘It Meant Assassination’: Trump Blasts ‘Dirty Cop’ Comey for ‘8647’

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President Donald Trump is attacking the FBI Director he fired, Jim Comey, who is reportedly under investigation  over a photo of sea shells formed into the numbers 8647. Top Trump law enforcement and intelligence officials claim it is a call for the assassination of the 47th President, although “86” is generally understood to mean “reject” or “eject,” and, since the 1930s, in restaurant parlance, has meant a menu item is unavailable.

“He knew exactly what that meant,” President Trump told Fox News’ Bret Baier in an interview that will air Friday evening. “A child knows what that meant.”

“If you’re the FBI Director and you don’t know what that meant, that meant ‘assassination.’ And it says it loud and clear,” Trump alleged.

READ MORE: GOP Plan Redefines Dependent Child as ‘Under 7’—But Adds Loophole for Married Couples

“Now, he wasn’t very competent, but he was competent enough to know what that meant, and he did it for a reason, and he was hit so hard because people like me, and they like what’s happening with our country. Our country’s become respected again,” the President claimed. “And he’s calling for the assassination of the president.”

Baier interjected, saying: “Obviously, he apologized and said he —”

“Well, he apologized because he was hit,” Trump also claimed. “Look, he’s a very bad —”

When asked what he wants to see happen to the former Director of the FBI, Trump said he did not want to weigh in, and would let his Attorney General handle it.

“I don’t want to take a position on it because that’s gonna be up to Pam [Bondi] and all of the great people, but I will say this. I think it’s a terrible thing. And when you add his history to that, if he had a clean history, he doesn’t.”

“He’s a dirty cop. He’s a dirty cop. And if he had a clean history, I could understand if there was a leniency. But I’m going to let them make that decision.”

READ MORE: ‘Mad King’: Trump Teases ‘Fourth’ Term to U.S. Troops Overseas

Trump Director of National Intelligence Tulsi Gabbard told Fox News on Thursday night she thinks Comey should go to prison for posting the “8647” photo.

Asked, “Do you believe Comey should be in jail?” Gabbard replied, “I do.”

“Any other person with the position of influence that he has,” she added, “people who take very seriously what what a guy of his stature, his experience, and what the propaganda media has built him up to be?”

“I’m very concerned for the president’s life. We’ve already seen assassination attempts,” she continued. “I’m very concerned for his life, and James Comey, in my view, should be held accountable and put behind bars for this.”

But others commenting via social media were quick to point to a number of “86” posts apparently made by right wing influencers and even a former member of Congress, as well as T-shirts for sale during the Biden years.

Watch the video below or at this link.

READ MORE: ‘Significant Damage’: Walmart’s ‘Magnitude’ Warning to Consumers Spurs Trump Tariff Critics

 

Image via Reuters

 

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‘Mad King’: Trump Teases ‘Fourth’ Term to U.S. Troops Overseas

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During a rally-style appearance before uniformed U.S. troops in Qatar on Thursday, President Donald Trump—serving as their Commander-in-Chief—floated the idea of a “fourth” term and falsely claimed victory in the 2020 election he lost. The appearance drew swift criticism for blurring the line between military service and political theater.

“As you know, we won three elections, okay?” Trump told the largely silent troops (video below). “And some people want us to do a fourth. I don’t know—I’ll have to think about that.”

“You saw the new, the new hat. The hottest hat is, it says, ‘Trump 2028: We’re driving the left crazy.'”

“When you see that. We didn’t need that hat, but, uh, it was it’s been an amazing period of time,” he concluded.

READ MORE: ‘Significant Damage’: Walmart’s ‘Magnitude’ Warning to Consumers Spurs Trump Tariff Critics

Noting that Trump was speaking “at the largest U.S. military installation in the Middle East,” CNN reported that the President “thanked the U.S. troops for political support.”

“There’s – nobody been stronger than the military in terms of backing us, nobody,” Trump said. “So, I just want to thank you all very much. Great honor. Thank you very much.”

CBS News national security coordinating producer Jim LaPorta, who has reported extensively on the military, wrote: “If this was a rally, the president’s remarks would be fine. But in front of service members who are expected to be apolitical, many Defense Department officials would find these remarks inappropriate.”

READ MORE: ‘Deeply Fascist’: Massive Banner of Trump on Government Building Sparks ‘North Korea’ Vibes

The Bulwark’s Sam Stein observed: “Treating the troops like they’re at a campaign rally and sowing doubt about the past and future of American elections — all in one soundbite.”

Democratic pollster and strategist Luke Martin called it “especially jarring to see Trump flirting with blowing a hole in the Constitution in front of an entire crowd of people who literally swore an oath to protect it with their life.”

Independent journalist Mike Rothschild noted: “Making a statement like this in front of active duty troops would have generated months of scandal, hearings, and resignations in years gone by. Now it’s just another Thursday with the Mad King.”

Watch the video below or at this link.

READ MORE: GOP Plan Redefines Dependent Child as ‘Under 7’—But Adds Loophole for Married Couples

 

Image via Reuters

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