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Two well-known Washington insiders -- Erskine Bowles, a former White House chief of staff under Bill Clinton, and Alan Simpson, a retired Republican Senator -- have issued a press release updating their famous deficit-reduction plan.

One of the most wearisome tactics from this Most Wearisome Adminstration Ever is its hyper-employment (I know-it's weird seeing "employment" in any context implying an increase in the Age of Obama) of the euphemism "revenues" in an attempt to dupe the public into paying more taxes.

As the first paychecks of 2013 were deposited into accounts earlier this month, some workers undoubtedly wondered why their take-home pay seemed lighter than in December. The reason was simple: the fiscal cliff deal is now beginning to rear its ugly head in the form of a payroll tax increase. Oddly, no one seemed more surprised than Obama supporters themselves.  “What happened?” rang out among liberal blogs and message boards.

Update on the Debt Ceiling fight: House Republicans appear to be listening to the grassroots. Today GOP leaders announced they will not pass any bill to extend the national debt ceiling until the Senate does its job and passes a budget.

As with most events in life, timing was everything.  Fitch Ratings, Ltd. released a statement Tuesday announcing its intention to lower the U.S. credit rating unless the Administration and Congress can incorporate responsible fiscal policy (i.e., a balanced budget) into the upcoming debt ceiling debate. The press release took on special meaning in light of the presidential press conference less than 24 hours before, during which Obama pledged to ignore any deals from Congress matching the debt-ceiling increase with equal spending cuts.