Budget

'Countdown to U.S. Debt Default' Clock at ABCNews.com
July 9th, 2011 3:31 PM
It's one thing to report dishonestly. It's another to proudly display it.
The front page of the ABC "World News" website now contains a "Countdown to U.S. Debt Default' clock:

Ann Coulter Tells MSNBC Contributor His Government Worker Mom 'Is A Dr
July 9th, 2011 12:59 PM
You knew when you saw conservative author Ann Coulter was pitted against far-left MSNBC contributor and Nation magazine editor Christopher Hayes on HBO's "Real Time" sparks were going to fly.
Such occurred when Hayes told the panel that his mother works for the government prompting Coulter to respond, "She is a drain on society" (video follows with transcript and commentary):

Hollywood Left Says It Loves Taxes, Yet Won't Pay More
July 9th, 2011 11:12 AM
Amid all of the spurious talk about "tax cuts for millionaires and billionaires" (defined incongruously by the left as anyone with income of over $200,000), the Obama administration and its media lackeys are trying to raise support for an increase in taxes on corporate jets.
It's well-known that the amount of money that potentially would be raised by closing this loophole is miniscule, it'd…

AP's Conn. Priorities: 6,500 Union-Driven State Layoffs Not a National
July 8th, 2011 4:04 PM
Looking for updates on the Connecticut state budget mess earlier this afternoon, I searched the Associated Press's national site on the last name of Democratic Nutmeg State Governor Dannel Malloy, and found nothing recent (graphic saved here for future reference).
But there were two stories originating from the state which the wire service, the nation's de facto news gatekeeper, deemed worthy…

WaPo's Robinson: Solve Deficit With Tax Hikes, Defense Cuts and Univer
July 8th, 2011 11:01 AM
Eugene Robinson's column in Thursday's Washington Post should have been placed in that paper's funnies section rather than the opinion page.
His solution to our nation's deficit would be laughable if it wasn't so gosh darned scary:

NYT: Debt Ceiling Woes Caused By Bush Tax Cuts and GOP Refusal to Rais
July 8th, 2011 9:53 AM
The New York Times on Friday once again proved itself to have absolutely no clue how budgets work.
In its editorial "Negotiating the Debt Ceiling on a Knife's Edge," the Times - like so many other math-challenged "news" organizations in America today - blamed the current debt ceiling woes on the Bush tax cuts and Republican refusal to raise revenues:

Flashback 2004: Chris Matthews and Andrea Mitchell Think Raising Debt
July 8th, 2011 12:20 AM
MSNBC's Chris Matthews and Andrea Mitchell have been telling viewers in recent days that Republicans considering blocking an increase in the debt ceiling could be creating a financial crisis.
Seven years ago after George W. Bush was re-elected and the debt ceiling had been raised in November 2004, the perilously liberal couple felt Republicans should be "embarrassed" for having done so (…

AP Acts As If Misunderstood 'Minnesota Nice' Is at Stake in State Govt
July 7th, 2011 10:43 PM
I had to do a double take when I looked over this afternoon's dispatch out of St. Paul, Minnesota from Patrick Condon of the Associated Press.
Readers unfamiliar with the Gopher State budget impasse to this point would fail to learn from the AP report that the dispute is all about raising taxes. Democratic Governor Mark Dayton wants tax increases on "the wealthy" (which really means high…

Mis-Tweetment: Reuters Falsely Tweets That GOP Is OK With $150-200B in
July 7th, 2011 2:15 PM
Wednesday afternoon, BigJournalism.com editor-in-chief Dana Loesch reported that Arizona Senator John Kyl had been on the receiving end of what I would call "mis-tweetment" at the hands of someone irresponsibly chirping away at Reuters.
The Reuters tweet stated that "Republicans have agreed to $150 billion to $200 billion in increased tax revenues as part of budget talks," and claimed Senator…

David Gregory's Obama-Spin of the Day: If Democrats Make the Hard Choi
July 7th, 2011 1:02 PM
NBC's David Gregory challenged House Majority Leader Eric Cantor on Thursday's Today show, insinuating that Republican efforts to include tax cuts along with closing tax loopholes is not an effective compromise if Democrats are willing to cut entitlement spending.
Gregory seemed to frame the debate around whether Republicans would make the "tough" choice of not cutting taxes, since Democrats…

Reuters Ignores Projected August Debt Payments in 'Exclusive' About Pr
July 7th, 2011 10:21 AM
Reuters on Thursday issued what it called an "exclusive" report about the Treasury department "secretly" weighing options to avert a default if the debt ceiling isn't raised by August 2nd.
In the piece, the authors shared with readers the amount of tax revenue Treasury projects it will collect in August as well as projected Social Security payments, but conspicuously ignored what the…

Schieffer Bemoans 'Draconian' Cuts From Both Parties to Education, Poo
July 6th, 2011 4:36 PM
CBS's Bob Schieffer took on the role of a left-wing activist on Sunday's Face the Nation, as he pressed all four of his guests from both parties about cuts in state and local spending. Schieffer bewailed how both Republican Governors John Kasich and Scott Walker "cut deeply into education" and asked Democratic Mayor Antonio Villaraigosa if he felt good about making "draconian cuts" [audio clips…

Calm Morning Joe? Newsweek Boss Tina Brown Says GOP Are 'Suicide Bombe
July 6th, 2011 4:03 PM
Newsweek's Tina Brown compared congressional Republicans to suicide bombers on Wednesday's Morning Joe after lamenting their refusal to agree to the tax hikes demanded by Democrats. "I think they’re the suicide bombers in all of this," said Brown. Will Tina Brown be banned indefinitely from Morning Joe? Sounds harsher than a crotch reference.
[VIDEO BELOW THE FOLD]
Sen. Majority Whip: ‘I Don’t Disagree With Paul Ryan’‘Reduce C
July 6th, 2011 3:13 PM
Senate Majority Whip Dick Durbin praised Rep. Paul Ryan’s (R-Wis.) willingness to work on entitlement reform while on the Senate floor Wednesday stating, “I don’t disagree with Paul Ryan saying we have got to look honestly at Medicare.”