Budget

Much of the press is describing the EU's demand that Cyprus seize a portion of bank account holders' deposits, a demand rejected yesterday by the island nation's legislature, as a "tax." I think it's reasonable to suggest that this characterization is designed to minimize the frightening authoritarianism the EU has just attempted. In a bit of a pleasant surprise, one organization openly…

The scare tactics that Democrats from President Obama on down have employed to wring political benefit out of the sequester have apparently hit a despicable new low.  In comments made about the deaths overnight of seven U.S. Marines in a training incident in Nevada, Senate Majority Leader Harry Reid, Dem from Nevada, reportedly suggested that we may see more such incidents because the sequester…

On Tuesday's NBC Today, news reader Natalie Morales warned viewers: "With a potential government shutdown looming later on this month, the White House may have to cancel its annual Easter Egg Roll." In the report that followed, White House correspondent Kristen Welker added that the "event might be in jeopardy....due to the ongoing budget battles here in Washington." [Listen to the audio or…

At the Washington Post's Post Politics blog on Monday, Juliet Eilperin revealed that the White House has notified participants invited to the April 1 Easter Egg Roll that the event "is subject to cancellation due to funding uncertainty surrounding the Executive Office of the President and other federal agencies." Eilperin only considered the White House's latest obvious example of "no petty…

"If ever the mainstream media reaches a point where they recognize that if we destroy this nation and destroy the economy, they, too, will be destroyed, I think at that point they will start asking the tough questions and helping to move the population in the right direction." So predicted Dr. Benjamin Carson on Fox News's Hannity Monday (video follows with transcript and commentary):

Betraying his impatience with the Republican Party's insistence that President Obama cut spending, New York Times political reporter Jonathan Weisman sounded shocked that the GOP wasn't simply surrendering its principles in the wake of Obama's four–point victory last November, in Monday's "Republicans Determined To Press On With Air, If Not Vote, of Confidence." (Nice flattering photo of Paul…

A true "watchdog press would be all over" President Obama's "moving the goalposts" on the federal budget, NewsBusters senior editor Rich Noyes told Fox Business Network's Stuart Varney on Monday's Varney & Co. Instead, the media are falling down on the job, failing to note how the president has broken promise after promise on federal spending, both from his 2008 campaign and subsequently…

There's a reason why Media Research Center sister site CNS News had to put out a story about how much the government has spent so far this year -- $1.505 tillion -- after Wednesday's release of the February Monthly Treasury Statement: Two of the three major wire services failed to report that obviously important number, and the third saved it for their writeup's final sentence. What follows…

The official Monthly Treasury Statement for February came out Wednesday showing a deficit for the month of $204 billion, basically the same as the Congressional Budget Office predicted several days earlier. The reported deficit through five months of the fiscal year is $494 billion, down from $580 billion a year earlier. That February result was an "improvement" of $28 billion over the $232…

Tavis Smiley invited ultra-liberal Princeton economist and New York Times columnist Paul Krugman on his show Monday night for a friendly chat about the American economy. Predictably, Krugman used the appearance as an opportunity to bash Republicans, and on a taxpayer-subsidized television program no less. Krugman and Smiley both complained that the American people have not yet become “…

New York Times economics reporter Annie Lowrey's "news analysis" on Wednesday downplayed the gargantuan national debt: "Dispute Over a Balanced Budget Is Philosophical as Much as Fiscal." Lowrey, who on March 2 called the hard-to-detect budget cuts of sequestration "painful and stupid," gave the game away in her lead sentence, signaling that she doesn't really think that enormous debt is much…

In an interview with former Bill Clinton adviser George Stephanopoulos at ABC (transcript here), President Barack Obama claimed that “We don’t have an immediate crisis in terms of debt." Despite his claim, no one can know that for sure, but it's at least consistent with what he said during the 2012 presidential campaign ("we don't have to worry about it short term"). Obama's elaboration on…

Back in February, I noted the Washington Post’s egregious omission of Senate Democrats as a category in a poll gauging the blame game if sequestration went into effect.  Sequestration was an initiative spearheaded by the Obama White House, which is part of the story that has many on the left ripping liberal journalism icon Bob Woodward for reporting.  Well, what do you know, in a new poll, the…

In Monday's New York Times, in a report which appeared online late Sunday, reporters Richard W. Stevenson and John Harwood devoted considerable space to the idea that President Obama's latest "outreach" effort is primarily an attempt to "salvage a big deficit-reduction deal," and not a political ploy to show voters in the 2014 congressional elections that he's really interested in achieving a…