In an article outlining the ridiculousness of New York State Governor David Paterson's budget proposal tax hikes, CNN misleadingly led with the following statement (emphasis mine throughout):

A budget plan by Gov. David Paterson that would plug budget shortfalls by slashing spending and raising taxes on items from sugary soft drinks to iTunes downloads is drawing criticism in New York.

Paterson may have proposed lower spending comparatively with year's past, he may have reduced spending, but he most certainly is not ‘slashing spending.' 

A majority of today's politicians have completely abandoned the concept of slashing spending, Democrats and Republicans alike.  Out of control spending is the very crux of our current economic crisis.  So, how a mistake like that, while seemingly innocuous, could pass the proofreading staff at CNN is a mystery.

The reality after the jump...