Budget

New York Times economics reporter Catherine Rampell’s front-page story Saturday on Arizona imposing limits on federal unemployment benefits it provides, “For  Want of a Word, Arizona’s Jobless Lose Checks,” is the latest Times story to fiercely defend unimpeded spending on unemployment benefits. Previously this year, Times reporters had questioned  “deepest and most far-reaching” cuts in…

On NBC's Sunday Meet the Press, host David Gregory took on an alarmist tone as he worried that any significant attempts to address the nation's enormous debt could lead to violence: "Look at the images that came out of Greece this week as you've got...big cuts in public spending. And this is the result, rioting in the streets....Could we have that kind of reaction here?" Gregory posed that…

Update, June 20, 12:30 p.m.: Revised to reflect another AP math error not caught the first time around. Update 2, June 20, 3:20 p.m.: The AP has issued a correction indicating that lost sales taxes are $23 billion and teachers' salaries which could be paid are 460,000. The contradiction explained below about California's claim that it is failing to collect only $200 million (less than 1% of…

Gosh, I would have thought that someone in Wisconsin's or America's labor movement would have caught Scott Bauer's clear June 15 understatement of the net pay hit many unionized public sector workers in the Badger State will be taking as a result of 2011 Wisconsin Act 10, commonly known as the "Budget Repair Bill," once the law's provisions become effective on July 1. That error is in the…

Newsweek's Evan Thomas on Friday tried to float the typical media meme that neither Party is doing anything to solve our nation's budget crisis. Unfortunately for him, fellow "Inside Washington" panelist Charles Krauthammer accurately noted that the Republicans have offered a proposal to cut $6.6 trillion in the next ten years, "but the Democrats have done nothing except to demagogue the plan…

Syndicated columnist Mark Shields said Friday that today's low income tax rates are "fundamentally un-American." Such happened on PBS's "Inside Washington" (video follows with transcript and commentary):

As has been the case virtually from the beginning, the Associated Press's Scott Bauer has been clearly unhappy with 2011 Wisconsin Act 10, commonly known even to the Wisconsin Supreme Court as the "Budget Repair Bill." Today, the court ruled that the law as enacted by the Badger State's legislature and signed by Governor Scott Walker can go into effect on July 1. Looking back at what's…

CBS hounded four Republicans from the left during a town hall on the economy which aired on Tuesday's Early Show. Bob Schieffer, Erica Hill, and Rebecca Jarvis pressed Reps. Paul Ryan and Allen West, Senator Tom Coburn, and South Carolina Governor Nikki Haley to consider tax hikes to deal with the deficit. Schieffer also specifically accused the three members of Congress of "doing nothing" to…

UPDATE AT END OF POST: Headline changed to "Goofy." The next time one of your liberal friends tells you there isn't any bias in the media, show him or her the following headline published Tuesday by CNN Money's senior writer Jeanne Sahadi. "Wingnut Debt Ceiling Demands" was actually placed directly above a picture of Republican presidential candidate Newt Gingrich, former Alaska governor…

CNN's Eliot Spitzer arrogantly lectured about the benefits of Keynesian economics Sunday while accusing fellow panelists on "Fareed Zakaria GPS" of not knowing what they were talking about because they weren't business owners. This led British historian Andrew Roberts to point out that President Obama's administration are mostly academics, and Ann Coulter to ask Spitzer, "What business have…

Our friends and colleagues at CNSNews.com are unveiling a new regular feature devoted to showcasing ridiculous government spending projects called the "Golden Hookah Award." We'll be helping to spread the word to help everyone on the web try to get a handle on what our government officials are smoking. The first recipient of the Golden Hookah is a project funded by the National Institute on…

Hollywood actress Jennifer Garner applauded President Barack Obama for already committing $500 million to federally funded education programs for "toddlers" but argued that it is "not enough."

MSNBC's Andrea Mitchell scolded Republican presidential candidate Tim Pawlenty today over the former Minnesota governor's proposed plan to reduce taxes and cut spending, decrying the conservative measures as "counterintuitive." "What makes you think that a plan to actually increase the deficit by cutting taxes is the right way to go right now?" groused NBC's chief foreign affairs…

Author Ann Coulter sparred with Joy Behar on Reaganomics on Wednesday's episode of The View.  "How are you going to solve it if you don't have any revenue coming in?" asked Joy Behar of the conservative commentator, who is currently promoting her latest book, Demonic.  "When Reagan cut taxes, each year, as the taxes went down, revenue to the treasury went up"  Coulter responded. As The View'…