Budget

Media's Debt Ceiling Hysteria Ignores How Bonds, Budgets and Taxes Wor
July 5th, 2011 8:33 PM
If you believe every word uttered by hysterical news anchors and political commentators lately, you would think the world ends August 2nd if the debt ceiling isn't raised.
Not only isn't this true, it's another indication of the press's total ignorance about our nation's budget and/or their willingness to lie to the American people in order to get taxes raised.
Let's start our truth dig by…

CNN's Velshi Lectures Santorum That the Debt-Limit Fight Is an 'Absolu
July 5th, 2011 5:11 PM
CNN anchor Ali Velshi lamented Republican resistance to raising the federal debt ceiling during an interview on Tuesday's American Morning with former Pennsylvania Senator and current GOP presidential candidate Rick Santorum. "It's an absolute mess what is going on in Washington right now, specifically, with respect to the debt ceiling and failure to reach an agreement is somewhat deplorable,"…

Open Thread: Sen. Rand Paul's Debt Ceiling Filibuster
July 5th, 2011 11:01 AM
With the deadline for raising the debt ceiling looming less than a month away, there are mixed feelings about raising the debt ceiling among debt-conscious politicians who are hesitant to give more spending power to the government. The Treasury Department has given August 2 as the estimated date on which the U.S. will no longer be able to meet fiscal obligations if the debt ceiling is not…

Pat Buchanan and John McLaughlin Finally Silence Eleanor Clift: 'Hold
July 3rd, 2011 7:18 PM
There was a truly delicious moment on this weekend's "McLaughlin Group" that's guaranteed to please conservatives from coast to coast.
During a heated discussion about President Obama's call to end tax breaks for corporate jet purchases, Pat Buchanan and John McLaughlin literally silenced Newsweek's Eleanor Clift much to her dismay (video follows with transcript and commentary):

Fareed Zakaria: Ending Bush Tax Cuts Would Solve Budget Deficit
July 3rd, 2011 5:50 PM
There are times when the idiocy oozing from the mouths of America's television commentators sickens me.
Consider Fareed Zakaria, who after telling NPR Friday, "CNN is getting smarter," actually said on the program bearing his name two days later that allowing the Bush tax cuts to expire "would provide the federal government with $3.9 trillion in revenues over the next decade and basically…

Krauthammer Challenges Shields: Where Is Democrat Budget? What's Their
July 3rd, 2011 5:06 PM
As he normally does on "Inside Washington," PBS's Mark Shields Friday was waxing moronic about Republican plans to balance the budget.
Not pleased by the fictional account on display, syndicated columnist Charles Krauthammer challenged his fellow panelist saying, "Democrats have not even produced a budget for 2012. What’s their budget?" (video follows with transcript and commentary):
Reuters, AP Run Interference for Dem Gov. Dayton in Minn. Shutdown
July 3rd, 2011 2:12 PM
Weekend coverage emanating from Minnesota via Reuters and the Associated Press is doing its level best to run interference for Democratic Governor Mark Dayton, who has chosen to shut down the government rather than sign a budget which does not include tax increases.

CBS Omits How Obama Broke Campaign Promise on Tax Hikes
July 1st, 2011 6:42 PM
On Thursday's CBS Evening News and Friday's Early Show, CBS glossed over President Obama's aim to break a campaign promise with a proposal to raise taxes on people who make less than $250,000 a year. Both Chip Reid and Bill Plante noted that "the White House is also insisting on...a limit on deductions for people...making more than $200,000 a year," but didn't reference the Democrat's 2008 tax…

Freudian Slip? MSNBC's Martin Bashir Claims Treasury Sec. Tim Geithner
July 1st, 2011 4:09 PM
On the July 1 edition of "Martin Bashir," the MSNBC anchor after which the show is named made a statement that reveals a great deal about his worldview.
[Video after break]

Krugman: Spending Cuts Would Destroy 'Possibly Millions of Jobs
July 1st, 2011 11:36 AM
With a month to go before the next supposedly "drop dead date" regarding the nation's debt ceiling, liberal media members are out in force with hysterical claims about the world ending if Congress isn't free to spend more money it doesn't have.
Ever the faithful shill, New York Times columnist Paul Krugman did his part Friday cautioning that any spending cuts at this time "would destroy…

NBC, CBS Let Obama Advisor Spin Obama's Presser, No Republicans
June 30th, 2011 6:01 PM
NBC's Today and CBS's Early Show on Thursday turned to Obama advisor David Plouffe on Thursday to offer his spin on the President's 67-minute presser on Wednesday, instead of interviewing Republicans. Both shows failed to press their guest about Obama's part in raising the nation's debt. NBC's Matt Lauer did toss some hardball questions at Plouffe on the President's "ownership" of the economy…

NBC's Today: 'Feisty' Obama Gave Republicans 'A Pretty Good Tongue Las
June 30th, 2011 3:41 PM
At the top of Thursday's NBC Today, co-host Ann Curry proclaimed: "President Obama calls out Congress to strike a deficit reduction deal during a feisty news conference." Moments later, fellow co-host Matt Lauer added that the President "gave Congress a pretty good tongue lashing on Wednesday."
Curry further described how Obama "rebuked Congress for taking recesses instead of tackling…

Jon Stewart to Harry Reid: 'If [GOP] Were Living in a Fantasy World Wo
June 30th, 2011 10:46 AM
Jon Stewart Wednesday finally stopped responding to the aftermath of his performance on "Fox News Sunday" and tried to make amends with a somewhat bipartisan segment bashing the President for his budget solutions as well as both parties for not getting anything done.
Toward the end of the opening "Daily Show" sketch, after a video clip of Senate Majority Leader Harry Reid saying, "My…
NBC’s Chuck Todd: Anti-Tax Hike Tea Party Republicans Are the ‘Pro
June 30th, 2011 8:29 AM
“The problem is this issue with the House Republicans,” NBC’s Chuck Todd declared Wednesday night in naming the culprit blocking help to Americans whom anchor Brian Williams asserted “are hurting every day and hoping for a result to make their lives better.”
In a story on President Barack Obama’s press conference, Todd maintained Obama and the Senate could come together, but he blamed the…