Budget

Monday's New York Times hyped a dire congressional study, and CBS jumped hours later with a matching story full of anecdotes and relying on the expertise of a left-wing activist -- naturally, unlabeled. “The economic slowdown has left a lot of Americans struggling to pay their bills,” CBS Evening News anchor Katie Couric asserted, highlighting how “a congressional report projects a record 28…

Old Media coverage of government budget difficulties usually focuses on the here and now, and all the "tough decisions" that have to be made. Seldom is there ever an examination of how a state or local government entity got into its current fix. Scratch just a little bit beneath the surface, though, and you'll almost inevitably find that an annoying habit of overspending during the good times…

The fate of a so-called economic stimulus bill is currently bogged down in the Senate as Republicans and Democrats disagree on how much to spend.Both sides are playing to the crowd trying to take credit for helping prop up the economy and accuse the other side of trying to block economic aide. It's classic political theater in that way but also in another--left-leaning reporters just can't help…

"Bush's Tax Cuts Are Dead," declared Newsweek Senior Editor Daniel Gross one day after Super Tuesday. What's more, 'twas "McCain's victory [that] dooms them." Gross's February 6 story was the third in a slideshow lineup on the magazine's front page today (see screencap at right). But far from merely offering a prognosis on the Bush tax cuts, Gross weaved in his own opinion about how a President…

President Bush's fiscal 2009 budget proposal calls for a 7.5 percent hike in Defense spending and a 5 percent jump in spending for Medicare and Medicaid, but while CBS anchor Katie Couric on Monday night correctly stated that Pentagon spending would “rise” in the Bush plan, she erroneously asserted “spending on Medicare and Medicaid would go down.” Similarly, while ABC's Martha Raddatz cited the…

In the February 4 USA Today, Richard Wolf treated news of Bush's last budget proposal by alternating between liberal Democrats attacking the president and Wolf's own stark language in characterizing the spending blueprint. What's more, Wolf cited two Democrats attacking the spending plan, compared to one Republican depending reductions in spending in the final Bush budget.An excerpt follows (…

“In Heat of Battle, Darman Put Taxes Back on the Table,” read the Saturday “Business” section headline over the “appreciation” piece, by veteran Washington Post reporter Steven Mufson, on the legacy of Richard Darman, the budget director who in 1990 arranged the deal which undermined George Bush's “read my lips: no new taxes” pledge. Darman passed away Friday, at age 64, after battling leukemia.…

Nothing like going on the air and reporting the government is going to give you a check for x dollars - depending on your income - to please your viewers. But reporting about it as if there were no strings attached isn't straightforward. However, the glowing reception the $150-billion taxpayer-funded stimulus plan got from each of the network newscasts gave that impression last night. "Cash…

The Treasury Department released its Monthly Treasury Statement for December this afternoon. Though Uncle Sam did run a surplus last month, the year-to-date figures are alarming: It should be pretty clear that the big news in the above figures is that federal spending during the first quarter of the fiscal year was almost 9% higher than during the first quarter a year ago. If the spending…

It's unfair to say all lawyers are greedy scum robbing our nation of needed wealth and destroying the things that made America great. OK, not all the lawyers. But USA Today gives a good place to start with its front-page piece on the money sought by trial lawyers and "victims" of Hurricanes Katrina and Rita. According to the paper, there were 247 individual filings against the Army Corps of…

Fred Thompson today blasted the media for propagating a false rumor about his impending withdrawal, while reinforcing the role he has created for himself as the candidate in this race who does not suffer unwelcome questions gladly. Back in Iowa, Thompson famously refused to respond to the debate moderator/school marm's demand for a hand-show on global warming. On this morning's Today, he…

A hard-hitting subscription-only editorial in the Wall Street Journal today needs some reinforcement. That's because Californians relying on Old Media for their news about the Golden State's dire financial situation are being conditioned to believe that only a tax increase will solve the state's problems. The latest offering in that regard is a Field poll covered at the San Jose Mercury News and…

Congressional "Pay-As-You-Go" budgeting translates to perpetually bigger government Originally published on December 21st by Human Events. The New Seal of the Federal GovernmentWant to ensure the growth of government?  Forever?The media does, and they have with Liberals devised the perfect way to do it.  It is the "pay-as-you-go" Congressional budgeting rule -- Pay-Go.  It requires every move…