Budget

Referencing the sweet reason of the New York Times's "conservative" David Brooks, CNN's Brooke Baldwin urged Sen. Orrin Hatch (R-Utah) to listen to the voice of compromise in the debt ceiling debate. Baldwin pleaded with Hatch that "there are folks out there – including conservatives – saying President Obama has already offered Republican [sic] the deal of their dreams," although Hatch later…

Republican Congressman Joe Walsh didn't put up with Chris Matthews' "bullying" on Tuesday, mocking the liberal MSNBC anchor for his effusive praise of Barack Obama. Over the host's frequent interruptions, the Illinois Representative taunted, "Hey, Chris, your President, who sends a tingle up your leg-" Walsh appeared to discuss the debt ceiling debate and what Republicans are willing to cut…

Reporters have repeatedly portrayed Barack Obama as a deficit hawk committed to "slashing" spending, as MRC Research Director Rich Noyes documented in April ahead of the president's much-anticipated budget speech. While the media touted Obama's budget blueprint, which contained puny cuts, as "deeply painful," CBO Director Doug Elmendorf told Congress the president's framework lacked…

While President Barack Obama has not presented a specific alternative to Republican plans for reducing spending in the lead up to a vote on raising the debt ceiling, the White House has issued a formal veto threat to the “Cut, Cap and Balance,” plan that is expected to pass the House of Representatives on Tuesday. “If the president were presented this bill for signature, he would veto it,”…

Chief New York Times “Caucus” blog writer Michael Shear hosted the latest edition of the paper’s “Caucus” podcast (there's no direct link) Friday, where he, political reporter Jeff Zeleny, and White House reporter Mark Landler agreed that Republican candidate Michele Bachmann was wrong to dismiss concerns about possible financial consequences resulting from a failure to raise the debt ceiling…

MSNBC contributor Mike Barnicle perpetuated the liberal line of Republican obstinacy over the debt ceiling on Tuesday's Morning Joe using a poor analogy to home buying. "Did you ever compromise or negotiate on the price with the then owner of the home?" asked Barnicle. [VIDEO BELOW THE FOLD]

Conservative Republicans are divorced from reality while Democrats are governed by the facts. That's the take Time's Alex Altman has on how the two congressional parties are addressing the looming debt ceiling deadline in his July 19 Swampland blog post, "The Fact Gap: Can Republicans Overcome Their Alternate Reality to Strike A Debt Deal?":

With growing frustration towards President Obama and certain members of congress for their lackadaisical approach in balancing the budget and reducing spending, many people are beginning to think they could do a better job than our country's leaders. Using data collected by the non-partisan Congressional Budget Office, American Public Media and the Woodrow Wilson Center put together an…

The OK Corral in Tombstone, Ariz., was where Doc Holliday and Wyatt, Virgil and Morgan Earp fought the Clantons and McLaurys on Oct. 26, 1881. At the end of that 30-second showdown, Virgil and Morgan Earp were wounded, and three cowboys were dead. President Barack Obama and House Republicans' showdown over the debt and deficit quickly is turning into Washington's OK Corral. And politicians on…

MSNBC's Chris Matthews and Pat Buchanan got into quite a heated debate on Monday's "Hardball." At issue was the battle of the debt ceiling with Matthews calling Tea Partiers opposed to raising it "crazy protesters" and telling his guest, "You want to join" them (video follows with transcript and commentary):

On his Saturday show Your Money, CNN host Ali Velshi tried to pin the blame for the debt ceiling standoff on one man – the president of Americans for Tax Reform, Grover Norquist. "Are you the reason that we don't have a debt ceiling increase right now?" he boldly asked his guest. Velshi was referring to Norquist's pledge that entails elected officials who sign it promising to oppose…

According to Chris Matthews, conservative House Republicans who are holding steadfast on resisting a debt ceiling deal that includes tax hikes are like the apocryphal bovine of doom behind the 1871 fire that destroyed much of Chicago (video follows page break):

While the Republican-controlled House of Representatives has voted this year to approve House Budget Chairman Paul Ryan's (R.-Wis.) proposal--that would put the government on a gradual path to a surplus by 2040--and plans to vote on a balanced budget amendment next week that would cap federal spending at 18 percent of GDP, the only budget proposal President Obama's has publicly revealed in 2011…

President Barack Obama says America does not need a balanced budget amendment to the Constitution, and he once again blamed much of the fiscal problem on Bush-era tax cuts. “We don’t need a constitutional amendment to do our jobs,” Obama told reporters at his Friday news conference. “The Constitution already tells us to do our jobs -- and to make sure that the government is living within its…