Budget

Although the annual federal budget deficit is expected to hit $1.65 trillion this year and the national debt is already at $14.34 trillion, House Minority Whip Steny Hoyer (D-Md.) said today he disagrees with House Speaker John Boehner’s (R-Ohio) assessment that America is broke. “America is not broke,” Hoyer said at the Bipartisan Policy Center in Washington, D.C.. “America has extraordinary…

Former New York Times economics reporter Eduardo Porter’s signed NYT editorial Monday left no doubt where his political sympathies lay: "A Budget Without Core Purposes, Taxation Without Compassion." President Obama trusts America’s generous and compassionate nature, that our rugged individualism is tempered by a belief that we’re all connected. In his speech on budget reform on April 13, he…

This morning, Associated Press reporters Ricardo Alonso Zaldivar and Stephen Ohlemacher went back to an AP-GfK poll yours truly thoroughly discredited on May 11 (at NewsBusters; at BizzyBlog). That's when the AP's Liz Sidoti and Jennifer Agiesta laughably claimed that President Obama's approval had jumped to 60%. This time, Alonso-Zaldivar and Ohlemacher didn't "merely" revisit a poll with an…

NBC's David Gregory must have thought he had performed another gotcha on a prominent Republican Sunday when he cited a poll to his "Meet the Press" guest Congressman Paul Ryan (R-Wisc.) finding people aren't interested in reducing Medicare spending in order to balance the budget. Without skipping a beat, Ryan marvelously educated his host saying, "I don't consult polls to tell me what my…

If you had any questions as to why Dylan Ratigan belongs on MSNBC rather than CNBC they were all answered Friday night. Appearing on HBO's "Real Time," Ratigan presented himself as a far-left commentator telling the audience of devout liberals, "This entire rhetoric machine from the Republican Party is predicated on an abandonment of arithmetic and fact" (video follows with transcript and…

Ed Schultz on Thursday mocked Congressman Paul Ryan (R-Wisc.) as a young, inexperienced kid who's never run a business, never had to meet payroll, and who offered up a radical plan that he doesn’t know the ramifications of. As the host of the "Ed Show" whined, he clearly missed the irony that these very same things were said about the former junior senator from Illinois prior to Election Day…

Anyone whose eyes have been glued to certain news outlets for the last 24 hours has probably heard almost nothing about one of the most offensive political advertisements in recent memory. That's because most major networks have largely failed to cover a video portraying Rep. Paul Ryan's budget plan as literally throwing grandma off a cliff. While ABC, MSNBC, and CNN continue to ignore the…

Tuesday’s New York Times featured a rare excursion into print by Timothy Egan, liberal Times reporter turned leftist nytimes.com blogger, excoriating Republicans like Rep. Paul Ryan and the "Tea Party political illiterates" as greed-heads for wanting to reform the bankrupt Medicare system: "The Need for Greed." The bet was audacious from the beginning, and given the miserable, low-down tenor…

Martin Crutsinger's Wednesday, May 11 coverage of that day's release of Uncle Sam's April 2011 Monthly Treasury Statement was such a train wreck that I had to turn away before I could get through it, hoping against hope that if I came back a few days later it wouldn't seem so bad. Of course I was wrong. How was Marty Crutisinger's report erroneous, incomplete, misleading, and from all…

CBS's Cynthia Bowers trumpeted the inauguration of incoming Chicago Mayor Rahm Emanuel on Monday's Early Show, highlighting how the former Obama chief of staff went "weeding in a community garden. He called it...weeding out corruption." Bowers also acclaimed the legacy of former mayor and "family man" Richard M. Daley, despite referencing the poor high school graduation in the city.

When an admittedly liberal Nobel laureate in economics thinks trying to balance the budget is holding America hostage, one has to wonder if there are any adults remaining on the left side of the aisle. Consider what New York Times columnist Paul Krugman wrote Monday:

The opening paragraph of Saturday morning's Associated Press report by Stephen Ohlemacher and Ricardo Alonso-Zaldivar on the state of Social Security and Medicare and an additional sentence from the third paragraph give away the fact that theirs will not be a missive that should be taken seriously (bold is mine): The bad economy is worsening the already-shaky finances of Medicare and…

New York Times columnist Paul Krugman said Sunday that Democrats should risk a debt default to avoid being blackmailed by Republicans that are holding a bomb "over our head" in the form of serious budget cuts. This came moments after FDIC chair Sheila Bair told ABC's "This Week" panel, "I think maybe there's a little too much testosterone in this debate. It’s too much about winning and losing…

"Inside Washington" host Gordon Peterson on Friday joined the ranks of liberal media members claiming Republican calls for Democrats to stop saying the GOP is trying to destroy Medicare is hypocritical due to their support for Congressman Paul Ryan's (R-Wisc.) budget proposal. When he got his chance to address this absurdity, syndicated columnist Charles Krauthammer marvelously set the record…