Budget

President Obama has taken an admirable stand for fiscal austerity, and blasted attempts to yet again raise the debt ceiling, which currently stands at $14.3 trillion (with a T) - or roughly the GDP of the United States. Said the president: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its…

ABC’s Diane Sawyer hit a group of incoming freshmen House and Senate members about presumed Tea Party hypocrisy in accepting farm subsidies and not refusing to accept federal employee health care while CBS’s Katie Couric, with three House members, despaired over the “danger” that budget cuts might “be too deep?” Forwarding liberal talking points, in the pre-recorded segment aired on Wednesday’s…

Talking to Face the Nation host Bob Schieffer on Wednesday's Early Show, co-host Chris Wragge saw efforts to repeal ObamaCare as a political liability: "How risky a proposition is this for Republicans incoming now?" Schieffer dismissed it as, "a lot of shouting, hollering, and symbolic votes," adding, "we've got a couple of months before anything really serious is going to happen." Wragge…

During the 12PM ET hour on MSNBC on Tuesday, anchor Contessa Brewer condemned Republican plans to reign in government spending: "Republicans poised to take over the U.S. House tomorrow and they arrive with a big, fat budget ax. They're planning make good on a promise to curb spending and cut the federal deficit and their plan could mean real pain for many Americans." Brewer claimed the…

Reporting on Monday's CBS Early Show, congressional correspondent Nancy Cordes decried House Republicans attempting to repeal ObamaCare: "...they made it clear they'll try to use their 49-vote advantage to wipe out key Democratic legislation from 2010. Including the President's signature achievement, health care reform." Following Cordes's report, co-host Erica Hill asked political analyst…

Filling in for Bob Schieffer on Sunday's Face the Nation, CBS's Harry Smith grilled Minnesota Congresswoman Michelle Bachmann on Republican efforts to repeal ObamaCare: "One of the things the Tea Party has talked about is dismantling health care. And we're wondering if, in the end of the day, that ends up being a fool's errand...it will face a certain veto. Is it worth the effort to try to do…

What kind of an idiot must you be to believe that tax cuts have an equal dollar for dollar negative impact on a government budget as spending increases do? The most obvious answer given the charge of this website is a liberal media member, and the Washington Post's E.J. Dionne nicely proved this point with his column Monday:

John Lindsay might have been the worst mayor in NYC history. Epitome of the limousine liberal, Lindsay nearly bankrupted the Big Apple. But that hasn't stopped Jon Meacham from lauding Lindsay as  "one of the greatest mayors in New York history."  The former Newsweek editor bestowed the honorific title while appearing on today's Morning Joe. Meacham's comment came in the context of grouping…

 On Saturday’s CBS Evening News, correspondent Bob Orr filed a report on the incoming Republican congressional freshmen, and, after noting that Rep.-elect Allen West was taking a "hard line" on federal spending, and after showing a clip of the Florida Republican raising doubts about compromising "your principles," the CBS correspondent used the cliche "partisan bickering" as he warned that such…

 On Friday’s Inside Washington on PBS, host Gordon Peterson used the term "free lunch" to mock Republicans who wish to avoid tax increases while trying to restrain the federal budget deficit. After panel member Jeanne Cummings of Politico predicted a tough fight in Congress over spending, Peterson turned the conversation to Washington Post columnist Colby King. Peterson: "Hold the line on taxes…

When the legislators and good-government people who drafted the law requiring the Government Accountability Office (GAO) to audit and render an opinion on the financial statements of the federal government as a whole and the major departments within it, they must have known that early-year results would not be very pleasant. But I also suspect that they thought the shame of being exposed as…

To those who have spent time following new reports emanating from the Associated Press, it's not exactly a secret that many of the alleged journalists who work there are having difficulty with the idea that there will be a new Republican majority in the House during the next two years. A further annoyance is that many members of that majority, especially the newer ones, hold sensible,…

St. Louis Tea Party co-founder Dana Loesch took on CNN's Eliot Spitzer Monday evening in a classic battle between Right and Left. From the opening bell, Loesch gave Spitzer a much-needed education on how extending existing tax rates isn't a tax cut (video follows with transcript and commentary):  

On Monday's Good Morning America, ABC's George Stephanopoulos took a skeptical tone during an interview of liberal Senator Chuck Schumer concerning a new report from Senator Tom Coburn, which pointed out the 100 most wasteful federal government projects of 2010: "He [Coburn] says there are hundreds of billions of dollars of waste. Do you buy that?" Stephanopoulos turned to Senator Schumer…