Budget

It's one of the few times one can wish the reporting by NBC News was right and CNBC was wrong. A segment on the July 21 "NBC Nightly News" pointed out some of the key points of a budget deal reached between California Gov. Arnold Schwarzenegger and leaders of the state legislature. The deal means some service cuts - but also includes the possibility of exploration and drilling for oil off the…

Noel Sheppard mentioned this Associated Press story by Tom Raum yesterday at NewsBusters (Raum is tagged as the writer at this version of the report).Noel characterized Raum's report as suggesting that "the White House's delay in releasing an update about the budget might be tied to the administration's desire to get controversial bills on healthcare reform and cap and trade passed before…

Spreading the Word Media Research Center President and NewsBusters.org Publisher Brent Bozell today responded to a poll conducted by the University of Texas Health Science Center at Houston and Zogby International that finds that 84 percent of Americans, including 46 percent of Americans without health insurance, are "very…

The Associated Press Monday suggested that the White House's delay in releasing an update about the budget might be tied to the administration's desire to get controversial bills on healthcare reform and cap and trade passed before Congress and Americans know just how large the deficit really is.With this currently a featured link at the Drudge Report, and it coming from the leading wire service…

Today Joe Biden was in Alexandria, VA, and said, as reported by CNS News:People look at me and say, "What are you talking about, Joe? You're telling me we've got to go spend money to keep from going bankrupt?" The answer is "Yes,"I'm tellin' ya.Matt Drudge thinks this is news (link is to his time-stamped archive, which won't change); it is his top headline. Allah at Hot Air thinks it's news, as…

You know when a liberal has lost any capability to understand the common American when they completely miss the pain that liberal tax hikers cause the average citizen in this country. Charlie Cook recently showed this elitist attitude in a National Journal column on the outrageous costs of the Cap and Trade bill – better called the Cap and Tax bill. Of course, to him, the tax hike on the average…

In a report meant to cover Uncle Sam's release of June's Monthly Treasury Statement, Associated Press reporter Martin Crutsinger went well beyond the wire service's normally lazy, slanted reporting in this area.In his report's apparent final incarnation early Tuesday morning, the AP writer:Told us the amount of June's deficit ($94.3 billion), but didn't disclose the figures for June's receipts ($…

He's Got It Is this what Time magazine meant with their July 6th cover, What Barack Obama Can Learn From FDR?Not one to let "a serious crisis to go to waste," Franklin Delano Roosevelt used the onset of the Great Depression as an excuse to immediately begin delivering New Deal dollars in unprecedented amounts - with laser-like political precision to…

Why is CNBC's Rick Santelli one of the few press members willing to point out when the emperor isn't wearing any clothes?As you ponder that important question, consider how Santelli on Tuesday morning recognized how absurd Vice President Joe Biden's Sunday comments were concerning the Obama administration misreading how bad the economy was.After all, as Santelli marvelously asked: "How many…

As we near the end of June, which is supposed to be one of the four biggest months for federal tax collections (January, April, and September are the others), it is clear that the serious receipts shortfalls are not only continuing, but have caused the March 20 projections of the administration and the Congressional Budget Office (CBO) to be outdated.Media coverage of the ongoing receipts dive…

ABC's online "The Note" describes itself as "Washington's Original and Most Influential Tipsheet." ABC News's Senior Political Reporter Richard Klein is its current content creator. We'll see how influential "The Note" really is if what Klein writes about the machinations behind the attempt to make us forget that the Obama stimulus plan was supposedly going to be making some kind of difference…

For Time Magazine, Kevin O'Leary has decided that he's figured out why California is in such a budget mess. Is it because the state indulges over generous social programs, or always has some of the highest taxes in the nation, or because the denizens of its capitol in Sacramento are paragons of waste, fraud and theft? Nope. It's because California has Proposition 13, a measure that prevents state…

Maybe reporters Brian Faler or Nicholas Johnston at Bloomberg asked Barack Obama some really challenging questions when they had a chance to interview the President at the White House. Maybe they even did some basic fact-checking. If so, there's precious little evidence of either in their June 16 report.They allowed the president to blame most of the current year's deficit on George W. Bush. They…