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Rep. Frank: Debt ceiling not decision about future

04/26/11 02:26PM

Rep. Barney Frank, D-Mass.: "The debt ceiling is not a decision about the future. It’s an acceptance of past responsibilities. And I think this debate has gotten framed a little oddly. It's as if I'm asking people to do me a favor by raising the debt limit. I didn’t vote for the Iraq war; I didn't vote for the Bush tax cuts for upper income people; I didn't vote for the prescription drug bill. Both parties are responsible for much of that debt. The debt is a payment for things we’ve already done. Not paying the debt…will add to our interest rates; it will destabilize us." read more

Scarborough: Cameron's rise offers clues for D.C.

Scarborough: Cameron's rise offers clues for D.C.

04/26/11 09:10AM

An excerpt from Joe's Politico column:If Republicans defeat Mr. Obama next fall, they should not expect the flowering of a new conservative age in American politics. Unlike the elections of Thatcher and Reagan, which led to a decade of dominance for conservatives in the US and UK, the rise of David Cameron is unlikely to create a new governing philosophy that will bend the arc of Western politics. Instead, Cameron and his debt-slashing American allies are more likely to be treated as a necessary evil by the public. read more

Must Read Op-Eds: Tuesday, April 26

04/26/11 09:03AM

Not a ton of opinion columns discussed on the show today, but here are other pieces worth a look.The Big Disconnect by David BrooksThe New York TimesThere are structural problems in the economy as growth slows and middle-class incomes stagnate. ... There are structural problems with immigration policy and tax policy and on and on...As these problems have gone unaddressed, Americans have lost faith in the credibility of their political system, which is the one resource the entire regime is predicated upon. This loss of faith has contributed to a complex but dark national mood. read more

Top Talker: Debt ceiling drama

04/26/11 08:56AM

The White House and Republican leaders are butting heads over how to solve the country's growing deficit problem. Yesterday, House Speaker John Boehner attacked President Obama for not embracing the ideas from the bipartisan panel that he created. He also threatened that the GOP may not vote to raise the debt limit - a move that the Obama Administration says would have "catastrophic" results. read more

Morning headlines: Tuesday, April 26

04/26/11 06:02AM

Here's a look at stories we're following right now. What are you reading this morning?Today marks the 25th anniversary of the world's worst nuclear accident at Chernobyl.Mississippi governor Haley Barbour has decided to bow out of the 2012 race.Game on, Ron Paul!John Boehner refuses to assure vote on raising debt limit.As situation in Syria continues to deteriorate, the U.S. read more