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Debt Ceiling

Monday, July 30, 2012

Northern Virginia's Top Contractors: Cuts Would Be 'Devastating'

Democrats, Republicans and hundreds of private sector government contractors gathered at the Crystal City Gateway Marriott on Monday afternoon to protest sequestration, which would cut $500 billion of federal defense spending.

ARLINGTON — U.S. Rep. Gerry Connolly on Monday called on Congress to cancel its upcoming five-week recess in order to solve looming $500 billion defense cuts that could cost Northern Virginia thousands of jobs. That sentiment was echoed by Fairfax County Chamber of Commerce President Jim Corcoran, who said the federal government shouldn't balance its budget on the backs of the defense industry. And Democratic U.S. Rep. Jim Moran, who arrived late to the "Stop Sequestration" rally thanks to a flight delay, said afterward he supported Connolly's idea. "Sequestration" is the name given to $1 trillion federal budget cuts that will happen in January if Congress doesn't reach a compromise. Half of that would affect the defense industry, which …

Greg Wheaton

5:02 pm on Tuesday, July 31, 2012

One of the reasons Virginia is one of the only states in the country who's budget is in the black is due to the high employment factor in Northern Virginia, and much owing to the Defense Department and supporting economies along with many other Pentagon and government jobs is D.C. The sad fact is that there is a huge deficit hanging out there, so unless we are to have another war, downsizing is …   more ›

Sunday, July 24, 2011

Congressman Jim Moran on Debt Limit Fight

Representative spoke to Democrats in Alexandria on Saturday night.

The country wants to know: Will Congress increase the debt limit by August 2, or will the United States default on its debt and lose its AAA bond rating?  Democratic Virginia Congressman Jim Moran (8th) has been talking with Minority Whip Steny Hoyer (D-Md.). “It’s not going well,” Moran said at a Democratic event on Saturday night in Alexandria. “Boehner is having a meeting right now in the Capitol and basically they’re deciding whether to allow an international implosion of our financial system, which could send us into the second Great Depression. “They (Republicans) don’t know what they don’t know. They don’t know how important the stability of American currency is to the stability of the world’s financial systems. They don’t …

Independent Thinker

3:54 pm on Sunday, July 24, 2011

Moran, you truly are a "MORON" !!!   more ›

Wednesday, July 13, 2011

VIDEO: Debt Ceiling Debate Piques Public Interest

Patch stopped in Courthouse on Wednesday afternoon and talked to some pedestrians about the debt ceiling debate.

AOL and HuffPost Politics are covering the debt ceiling debate from downtown D.C. Patch took the streets of Arlington to ask some local pedestrians how closely they are following the news from the other side of the Potomac.

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