
On a low-attention Sunday, the Associated Press's Tom Raum put together a pretty good analysis ("US debt will keep growing even with recovery"), though not labeled as such, of the serious financial situation the country faces thanks to the mushrooming national debt.
But the AP writer ignored two critical warnings raised in a related item he filed over a year ago on Wednesday, January 7, 2009 ("Analysis: Deficit spending is tough medicine") that have contributed mightily to the dire situation he described. In that report, Raum claimed that there was a "consensus ... that some form of major stimulus — either new spending, tax cuts or a mix — is needed ... so long as it is short term and doesn't include permanent new spending programs." It is clear that the stimulus plan passed last year has flunked both key concerns he raised.
Raum also blithely assumed that White House and Congressional Budget Office forecasts assuming a huge increase in collections are accurate, when there is ample evidence that they are not.
Here are key paragraphs from the AP's Sunday sounding of the siren:



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The Associated Press posted an "analysis" piece by writer Tom Raum on June 15 to address the GOP strategy against Obamacare and other administration policies but the APs characterization of the GOPs efforts almost seem meant to belittle and de-legitimize that opposition as opposed to describing it. The entire GOP argument against Obama is boiled down to a use of "buzz words" as far as AP's Raum is concerned. Apparently, no political truth or ideological disagreement really enters into it. Only "tactic," and "strategy" built on "buzz words" and "fear" is offered by the GOP instead of real issues according to the AP.
As wacky theories go, it might not be quite up there with the stuff the "steel doesn't melt" truthies put out. But the Associated Press's Tom Raum has had a stunning little meltdown of his own.