Budget

David Frum is bashing conservative Republicans again – this time for playing hardball with President Obama and using the debt ceiling deadline as blackmail to get what they want. Frum writes in a CNN.com op-ed that the GOP demand for "total surrender" by the president on the debt ceiling debate gives him "horrible flashbacks" to the party's staunch opposition to the health care bill – which…

In the midst of staggering illogic surrounding our debt ceiling, ratings agency Moody's just raised the bar. On Monday, it announced that the United States could increase its creditworthiness by - wait for it - eliminating the debt ceiling altogether:

With trillion dollar budget deficits as far as the eye can see, a balanced budget amendment is sounding pretty good to an overwhelming majority of Americans. Apparently CBS's Bob Schieffer isn't amongst them, as he actually asked Sen. Dick Durbin (D-Ill.) on Sunday's "Face the Nation," "Why are you wasting time debating that?" (video follows with transcript and commentary):

Gloria Borger said this weekend the Tea Party has "hijacked" the GOP and in so doing prevented Barack Obama from becoming a "transformational president." In her view espoused on the syndicated "Chris Matthews Show," without the Tea Party, "The John Boehners of the world [would have] cut a deal with the President of the United States" (video follows with transcript and commentary):

A couple of Sunday interview show hosts again forwarded White House talking points about the necessity to include taxes, I mean “revenues,” in any debt ceiling increase deal with ABC’s Christiane Amanpour focusing on a single poll she highlighted for ammunition the public is on her side while ignoring how, by two-to-one, the public opposes raising the debt ceiling at all. CBS’s Bob Schieffer…

In an unbylined update of the latest developments in the budget-tax-spending-debt ceiling discussions in Washington this morning, the Associated Press committed several blunders in attempting to explain what's going on and how we got to where we are. First and foremost was its list identifying "contributors" to the $8.5 trillion growth in the national debt since 2001. Here's the AP's you-can'…

Cokie Roberts got quite a lesson Sunday on why compromise can be a dirty word in politics. When she asked Congressman Raul Labrador (R-Idaho) why compromise isn't a "message that you hear," the Tea Partier responded, "Why is it that compromise always means increasing taxes today and doing cuts in ten years from now?" (video follows with transcript and commentary):

When an adoring mainstream media suspend their fawning long enough to point out that he's lying, Barack Obama must realize his presidency is in trouble.  That's what happened Friday night on CNN's Anderson Cooper 360 Degrees. Naturally, Cooper began by claiming Republicans who argue Americans don't want higher taxes use polling data "that's just not true."  No mention was made of this week's…

Per Reuters blogger James Pethokoukis, Goldman Sachs, demonstrating Democratic-friendly timing similar to that seen at the New York Times a month or so ago, published an extraordinarily gloomy economic forecast last night. Here are some of the details he quotes: "Following another week of weak economic data, we have cut our estimates for real GDP growth in the second and third quarter of…

 On Friday’s World News on ABC, correspondent Jonathan Karl took a moment to go beyond the budget debate between House Republicans and President Obama with the GOP unwilling to support a tax increase, and noted that House Democrats have also been just as resistant to voting for cutting the growth of Medicare spending. But the same night's CBS Evening News focused on Republican reluctance to…

[Update, 11:10 am Monday July 18: Jenn Theis was identified on-screen by CBS as a "laid-off government worker." She wrote us to clarify that she was actually employed by a private business that is regulated by the Minnesota racing commission. Another guest from that segment, Chris Lapakko, wrote the author on Twitter on Saturday to call him a "dick;" see screen cap here.] CBS turned to three…

Charles Krauthammer on Friday marvelously demonstrated just how in the pockets of Barack Obama America's news media are. After claiming on PBS's "Inside Washington" that we now have a "completely compliant, pliant, supine press accepting every leak out of the White House," he silenced the entire panel by asking them to name one specific cut to entitlements the President has proposed (video…

Here are a couple of examples, caught by the eagle-eyed Brent Baker, of MSNBC's supposedly more-restrained "news" anchors mouthing the kind of left-wing rhetoric that's a staple of their prime time hosts. Immediately after President Obama's press conference earlier today, 11am ET anchor Thomas Roberts framed a question about tax policy thusly: "Why do you think the top 2 percent of America…

Kicking off the NBC4 11 o'clock news last night, veteran Washington, D.C. anchor Jim Vance touted an exclusive interview he had earlier that day with President Barack Obama. Vance then aired an excerpt of the interview, comprised of two softball questions. Afterwards, he informed viewers they could find the full interview at the station's website, nbcwashington.com. Unfortunately, the rest…