Democracy Now!

Season 2011 Episode 0802

Tuesday, August 2, 2011

0
Aired Unknown Aug 02, 2011 on Democracy Now!
N/A
out of 10
User Rating
0 votes

EPISODE REVIEWS
By TV.com Users

Write A Review

Episode Summary

EDIT
Tuesday, August 2, 2011
AIRED:
After months of a bitterly partisan stalemate, the U.S. House of Representatives has voted 269 to 161 in favor of raising the federal borrowing limit and avoiding a default on the national debt. The final count showed 174 Republican ayes, with Democrats split evenly—95 on each side. The vote came just hours before a Department of Treasury deadline that potentially would have seen the United States run out of cash and default for the first time in its history. The bill is expected to be approved by the Senate and signed into law by President Obama today. The deal includes no new tax revenue from wealthy Americans, provides no additional stimulus for the lagging economy, and will cut more than $2.1 trillion in government spending over 10 years, while extending the borrowing authority of the Treasury Department. The debt deal was a victory of sorts for the Pentagon. Rather than cutting $400 billion in defense spending through 2023, as President Barack Obama had proposed in April, it trims just $350 billion through 2024, effectively giving the Pentagon $50 billion more than it had been expecting over the next decade. We speak with William Hartung, director of the Arms and Security Project at the Center for International Policy, and Michael Hudson, professor of economics at the University of Missouri, Kansas City. [includes rush transcript]moreless
Monday
No results found.
Tuesday
No results found.
Wednesday
No results found.

Episode Discussion

Join the discussion of this episode Episode Discussion

Trivia, Notes, Quotes and Allusions

See All Trivia, Notes, Quotes and Allusions Trivia & Quotes

Season 2011 Episodes

See All
Ep 1230
Friday, December 30, 2011
Ep 1229
Thursday, December 29, ...
Ep 1228
Wednesday, December 28,...
Ep 1227
Tuesday, December 27, 2011
Ep 1226
Monday, December 26, 2011
Ep 1223
Friday, December 23, 2011
Ep 1222
Thursday, December 22, ...
Ep 1221
Wednesday, December 21,...
Ep 1220
Tuesday, December 20, 2011
Ep 1219
Monday, December 19, 2011
Ep 1216
Friday, December 16, 2011
Ep 1215
Thursday, December 15, ...
Ep 1214
Wednesday, December 14,...
Ep 1213
Tuesday, December 13, 2011
Ep 1212
Monday, December 12, 2011
Ep 1209
Friday, December 9, 2011
Ep 1208
Thursday, December 8, 2011
Ep 1207
Wednesday, December 7, ...
Ep 1206
Tuesday, December 6, 2011
Ep 1205
Monday, December 5, 2011
Ep 1202
Friday, December 2, 2011
Ep 1201
Thursday, December 1, 2011
Ep 1130
Wednesday, November 30,...
Ep 1129
Tuesday, November 29, 2011
Ep 1128
Monday, November 28, 2011
Ep 1125
Friday, November 25, 2011
more