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Daily Ticker

DC Dysfunction: 2011 Reflections

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As 2011 comes to a close, we're taking a look back at how we covered some of the biggest news stories of the year, including U.S. politics.

Washington was on the brink of a shutdown several times this year, as Democrats and Republicans jockeyed over raising the debt ceiling and slashing the budget. The federal government may have avoided this worst-case scenario, but partisan politics derailed and delayed other important legislation that will affect all Americans next year and beyond.

Ratings agency Standard & Poor's downgraded the United States' sterling credit rating by one notch in August, the first cut since the U.S. was awarded an AAA rating 70 years ago. The agency said the budget savings approved by the deficit commission fell short of what is needed to restore America back to fiscal health.

Washington's most egregious blunder is probably the failure of the 12-person "supercommittee" that was given the task to find at least $1.2 trillion in savings in the national budget. And more recently, DC lawmakers left for the holidays unable to agree on an extension of the payroll tax cut, which at midnight on Dec. 31 expires. More than 160 million Americans will take home smaller paychecks in 2012.

As politicians turn their attention to the 2012 elections, many key decisions will likely be punted to the 2013 Congress. With an approval rating of just 11%, Congress has a brand new year to impress and charm the American people.

For more, see:

Politics 2012: Obama Will Rise Above D.C. Dysfunction and GOP, Ian Bremmer Says

5 Consequences If America Doesn't Raise the Debt Ceiling

Debt Ceiling Deadlock: Why Markets Don't Seem to Care

U.S. Hits the Debt Ceiling: What Does It All Mean?

Debt Ceiling Deadline Pushed Back: Will the GOP Budge?

Rep. Levin: GOP "Playing With Fire" On Debt Ceiling Vote

Debt Ceiling Vote a "Political Sideshow", Mish Says: Real Issue Is "Govt. Spending Run Amok"

"No Downside" to Not Raising the Debt Ceiling, Says Chris Whalen

Debt Ceiling Debate: The GOP Is "Blackmailing the American People," Sen. Bernie Sanders Says

Debt Ceiling Uncertainty: Big Banks Take Evasive Action, The FT Says

Deep Recession & Financial Chaos: "Very Dark Scenario" If Debt Ceiling Isn't Raised, Zandi Says

Finally, Someone Is Talking Sense On Our Huge Debt And Deficit Problem — President Obama

What If? "Huge Interest Rate Risk" If No Deal on Debt Ceiling, David Walker Says

"Dangerous Precedent" Being Set in Debt Ceiling Debate, Galbraith Says

It's Time to Roll Back Big Government: Rep. Ron Paul Says 'No' to Debt Ceiling Increase

Jared Bernstein's Getting Nervous About Aug. 2 "But I Think We'll Have a Deal"


The Daily Ticker Asks

Are you concerned gas prices will rise to $5 a gallon?

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Poll Choice Options
  • Yes
  • No
 
  • A Yahoo! User  •  1 month 29 days ago
    Vote the next batch of pandering, spendthrift, bailout-drunk incumbents out in 2012. Repeat as needed.
  • Agitated American  •  1 month 29 days ago
    No less sad than their preformance of their jobs in 2010 Sorry bunch we have up there
  • Starider Starider  •  1 month 29 days ago
    will rogers said whenever the government is in session watch out for your pocket book
  • James E  •  Kalamazoo, Michigan  •  1 month 29 days ago
    The only honest politician is a dead one sorry to say vote em all out in 2012 start over no Lawyers should be voted in
  • Joe  •  Elmwood Park, New Jersey  •  1 month 29 days ago
    It's reverting back to the "good old days," when an "honest politician" is the one who once you buy them, stays boujght. We really need people in office representing us who have our best interest at heart, not a party boss' agenda or a lobby's agenda.
    Right now the election process is the choice between evils........and everyone who pulls that lever is hoping and praying that they chose the lesser of thetwo or more.
    Imagine an electoral process that has a candidate, "None of the Above" on every ballot. If "None of the Above" finishes first in ny election, all interested parties have to go back to the smoke0-filled rooms and come up with new candidates for the office. Keep doing that until they get it right.
    If we ant to fix things like Medicare, Medicade and Social Security, just do away with the benefits Congress and others have and give them the same deals Corporate America gives the average working stiff. And while we're at it, put them on a "Pay for Performance" system like Corporate America has us on, as well.
  • JD  •  Derry, New Hampshire  •  1 month 29 days ago
    I wouldn't be so quick to condemn the gridlock. We are fortunate to have a representative and constitutional form of government, but the price we pay when the nation itself is nearly equally divided on so many important issues is a slow response to problems. Though frustrating and seemingly harmful, it is a lot better than the alternative - a dictatorship or some form of oligarchy where the people have limited voice and little or no representation. The danger comes when people become so frustrated and unhappy, that they start looking for a strong man, instead of studying the issues, changing their attitudes, and working hard to make constructive changes. This is when they start surrendering their rights and looking for that strong man to take over and trample the constitution (never ends well). The scary thing is that so many of our representatives and out president, who all took an oath to defend and honor the constitution, often hold it up in derision and ignore it.
  • Al Otto Pine Bush NY  •  Poughkeepsie, New York  •  1 month 29 days ago
    Democrats and Republicans jockeyed over raising the debt ceiling and slashing the budget... This is misleading.... Slashing budget really? more lies from reporters printed as facts...
  • Post.Haste  •  1 month 29 days ago
    Did you know the "payroll tax cut" is really a SS funding cut to be paid for with new FED fees on your mortgage that will be stolen by the General Fund with an IOU. Sweet a 2 month reduction in exchange for a lifetime increase and an acceleration on the collapse of SS as an added bonus. They should have stuck with NO. We are soo screwed
  • .  •  Dahlonega, Georgia  •  1 month 29 days ago
    When was the last time DC ever functional?
  • Wolf  •  1 month 29 days ago
    Wake up...it is massively bloated public sector operations at the federal, state and local levels spending over $7 Trillion annually nearly 50% of GDP plus their fraudulent multi-millionaire pension scams that is destroying America and killing the private sector...both parties are the fault and these insiders and their public sector army like the benefits of raping and robbing the taxpayers...
  • Tony  •  Birmingham, United Kingdom  •  1 month 29 days ago
    You need to think carefully about who to vote for.........isnt any honest, genuine and smart individual prepared to put him/her self up for election against the midless idiots you have in congress now?
  • joe s  •  Kansas City, Missouri  •  1 month 29 days ago
    Politicians have done far more damage that Wall Street and the Big banks. It is the policy of politicians that set the environment for the sub-prime crisis. It was the politicians who saw the looming crisis but did nothing to avert the disaster. And now, it is the politicians that are taking this country into a level of debt where everyone will suffer. Yet, the media too often don't blame the politicians but instead blame Wall Street and big banks. Even worse, the media does not target specific politicians except when convenient for liberal slant, such as "it is Bush's fault".

    The politicians AND media are corrupt.
  • dennis  •  Irvine, California  •  1 month 29 days ago
    No leadership, no direction, neither party gives a #$%$ about you unless you are financing their candidates.Big unions for the Democrats and corporate donations for the Elephant Party.Both parties suck big time.More Democratic millionaires in the senate than Republicans. Money talks.Many folks do not vote anymore because of the #$%$ in Washington.
  • BobG  •  Phoenix, Arizona  •  1 month 29 days ago
    Real damage has been done in the name of phony patriotism. The world and our enemies watch and laugh. We are no longer the "exceptional" nation we pretend to be. Look around. Best standard of living? Best education? Best health? Best environment? A vibrant middle class? We are blowing it big time with ridiculous partisan extremism.
  • Reid S  •  1 month 29 days ago
    Am i to assume you don't want to discuss?
  • smart  •  1 month 29 days ago
    Obama will spend a billion dollars or more on his 2012 campaign, Bush-Cheney ticket, for example, spent $186 million campaigning in 2000.
  • SPJ  •  Beverly, Massachusetts  •  1 month 29 days ago
    Stop voting blindly for your party. at least do some research on who your voting for first. Look at their record and see how many times they've voted to raise taxes.
  • dagnic  •  1 month 29 days ago
    A two month extension of the payroll tax cut has already passed. The author doesn't appear to be aware of current events.
  • Donna  •  Hilton Head Island, South Carolina  •  1 month 29 days ago
    like many other voters, i'm totally disgusted with congress. no voting for incumbents!
  • .  •  Dahlonega, Georgia  •  1 month 29 days ago
    DavidW, HOW did Obama stop the economic problems you call the depression of fall 2008? Since Obama took over, the economy hs gotten worse... Obama's version of healthcare reform has placed 100% of the liability on the middleclass. The ONLY beneficiaries of his reform has been the healthcare industry.. Eliminating bin Laden did what? Islamic radicalism is more prevalent now than ever before... Obama has NOT ended the Iraq and Afghanistan wars. US troops are still in Iraq and troops are still being sent to Afghanistan. Obama also started a war with Libya and has dispatched 'advisors' to east Africa.. Regulations do not prevent anything ... Anyone but Obama. Vote for the caterpillar..

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