Budget

Chris Matthews on Wednesday gave a lesson on utterly shameless fear-mongering. In the final segment of MSNBC's "Hardball," the host said, "Failure to act on the debt ceiling will create a horror for our country, a horror we’ve never seen before" (video follows with transcript and commentary):

James Pethokoukis of Reuters published a chart Tuesday demonstrating exactly why all the hysteria about a debt default or missing Social Security check payments is a bunch of nonsense. If America's news outlets were actually interested in disseminating the truth rather than fear-mongering, this chart or something like it would be part of every report involving the debt ceiling:

The New York Times's chief economics writer David Leonhardt proposed his usual solution – tax hikes – to the ongoing budget and debt-ceiling battles between congressional Republicans and President Obama in his confidently titled Wednesday column “Why Taxes Will Rise In the End.” Leonhardt struggled to ponder why his fellow citizens stubbornly refuse to raise the debt ceiling. Polls show that…

New York Times reporter Jackie Calmes’s latest front-page story on the budget battle displayed typical Times’s labeling bias, with “angry conservatives” but no liberals. Calmes also paid the Republican leadership a backhanded compliment for trying to stop their conservative base from provoking a financial crisis. On Tuesday, Calmes claimed on the front page that Obama was “repositioning”…

As a result of Scott Pelley's interview with President Obama on the "CBS Evening News" Tuesday, the media are once again scaring seniors with the absurd notion Social Security checks won't go out in August if the debt ceiling isn't raised. An examination of the video and transcript of the relevant sections of this exchange bring into question whether or not that's actually what the President…

President Barack Obama told CBS News today that there may not be enough money in the U.S. Treasury to cover Social Security checks after Aug. 3 if Congress does not agree to lift the legal limit on the federal debt and allow his administration to borrow more money. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the…

Some people can spot a slight in every compliment, whereas others — the happy ones — find a compliment in every slight. So last week, as a free-market, low-taxes, constitutional conservative, I happily found an apparently unintended compliment from the liberal New Republic. It is not often that I agree with the central attack line of my sometimes media sparring partner, The New Republic's Ed…

In a relatively inoffensive interview with President Barack Obama for Tuesday’s CBS Evening News, anchor Scott Pelley implied the Tea Party (and maybe congressional liberals too) should be blamed for blocking a debt ceiling deal (“Isn't the problem that a large number of the Members of Congress will not follow your leadership or the Republican leadership?”) and fondly recalled how “it wasn't…

On Tuesday's Morning Joe on MSNBC. co-host Mika Brzezinski harshly criticized Republicans for not caving on tax increases to make a debt-limit deal. "I think the Republicans look stupid and mean. I'm sorry, this is stupid. This is a no-brainer in terms of a deal. This is a no brainer and they look mean and they look difficult and they're going to lose this," she said. Video is below...

Tuesday’s off-lead New York Times story by Jackie Calmes from Washington claims Obama is now grasping centrism as a weapon in the budget battle. So why has the Times been telling us he has always been a centrist? “Obama Grasping Centrist Banner In Debt Impasse – Talks Remain Stalled – President Urges Biggest Deal Possible Despite G.O.P. Skepticism.” For the last three years we’ve been told…

Wannabe liberal reporters in J-school could use Alex Altman's July 11 Swampland blog post at Time.com as a template for biased coverage of the federal budget battle. House Majority Leader Eric Cantor (R-Va.) is a "hard-line" conservative aligned with House Republican freshmen "who would rather risk economic catastrophe than give ideological ground" by agreeing to tax increases, Altman…

CNN's Anderson Cooper and Gloria Borger took turns casting President Barack Obama as the centrist 'adult' in a room teeming with unruly Republican children who would rather invite economic calamity than compromise on a debt-reduction plan. Discussing a topic that would have made a perfect "Keeping Them Honest" segment, Cooper insisted, incorrectly, on Monday's "AC 360" that the Democratic…

Monday’s New York Times front-page story by Motoko Rich, “Economy Faces a Jolt as Benefit Checks Run Out,” portrayed massive government spending on unemployment benefits and food stamps as an economic plus, not a potential drain, warning that cutting that funding would be a drag on the fragile recovery. An extraordinary amount of personal income is coming directly from the government.

  On Sunday’s World News on ABC, correspondent Jonathan Karl suggested that Democrats in the House, rather than take a political position based on principle, refuse to vote for a budget plan that would reform Medicare because they wish to use Medicare to run against Republicans and take back the House. As Karl recounted that he had recently spoken with House Democratic leaders, it is unclear…