Economy

 Appearing as a guest on Thursday’s Last Word with Lawrence O’Donnell on MSNBC, the Huffington Post’s Sam Stein suggested that the budget plan that the House Republican leadership is trying to pass would harm the economy, and, as if the government did not take in lots of tax revenue already, referred to the absence of a tax increase as "no revenues." Stein:

On three occasions between July 22 and July 26, 2011, CBS's Bob Schieffer carried water for President Obama when he echoed the Democrat's inaccurate claim about Social Security: "Millions of Americans...may not get their next [Social Security] check if the debt ceiling crisis is not resolved." In reality, there is enough federal revenues and authorized expenditures to pay for the program [audio…

Even Socialist Sen. Bernie Sanders (I-Vt.) believes the government can still pay out social security checks if the debt ceiling is not raised, but CNN highlighted disgruntled seniors Thursday who fear the opposite. CNN correspondent Sandra Endo reported live from a senior center and emphasized that the citizens were "scared," "worried," and "angry" about possibly not receiving their Social…

During the current debt ceiling debate, have the media told you what your personal share of the national debt would be after the ceiling is hiked? Yeah. I didn't think so. But when it was a midterm election year in which Democrats thrashed President George W. Bush and the GOP on overspending, it was a different story.

Chris Matthews' infatuation with John McCain has returned. The day after the Republican senator bashed his own party, knocking "Hobbit" Tea Partiers, the Hardball anchor on Thursday lauded him as "great" and even suggested McCain as a MSNBC guest host: "...He can substitute for me some night with that kind of talk!" The former GOP presidential nominee criticized 2010 Senate candidates…

The latest polls show the people are not happy with President Obama's handling of budget matters, but Republicans look even worse. And yet, while the GOP delivers one idea after another, Obama has offered nothing, instead just attacking, attacking, attacking, blaming everyone but himself in utter denial of the reality that no man on the face of this Earth is more responsible for our debt…

Two "alert" emails hit my inbox this morning concerning the Department of Labor's just-released unemployment claims report. The one I expected came from CNNMoney.com, which read: "Initial unemployment claims fall below 400,000 for the first time in more than 3 months, dropping 24,000 to 398,000 in latest week." The other one came from USAToday.com, which does not ordinarily issue alerts when…

Shortly after noon today, MSNBC's Contessa Brewer followed her colleague Chuck Todd in using the anniversary of the 14th Amendment becoming law to cite the liberal fantasy of a clause in the amendment empowering President Obama to end-run Congress on raising the debt ceiling. Like Todd she got her history and the text of the relevant clause wrong. This occurred during a satellite interview…

After only his third day on the job, Fox News senior White House correspondent Ed Henry was accused by White House Press Secretary Jay Carney of intentionally "creating" a dispute to please his new employer. "I know you're creating a thing here for Fox," charged Carney toward the end of a testy exchange with the former CNN correspondent during Wednesday's press briefing. As members of the…

In a critical "Keeping Them Honest" segment Wednesday night, CNN's Anderson Cooper selectively reported findings from his network's own poll to bolster his argument that Republicans are out-of-touch with the wishes of the American people in the debt ceiling debate. This came even after the Democrat Senate Majority Leader, supported by the president, produced a plan including no tax increases…

Update: According to the Library of Congress website, July 28, 1868 was the day when Secretary of State William Seward "issued a proclamation certifying without reservation that the Fourteenth Amendment was a part of the United States Constitution." Todd told his viewers that July 28, 1868 was the day the amendment "officially became part of the U.S. Constitution" although Article V of the U.S…

Gosh, isn't it convenient that Associated Press reporter Jim Abrams, in a Wednesday evening dispatch ("Democrats say Obama should invoke 14th Amendment"), was able to find "some legal scholars" who believe that President Obama can invoke Section 4 of the 14th Amendment to the Constitution to ignore the nation's current debt ceiling and have the government go out and borrow more money, but "…

How have we arrived at this place where the fate of our federal budget — our economy, indeed our capacity to have a functioning federal government — seems to depend on what two men (the speaker of the House and the president) may or may not be secretly talking about in an interior room in the White House? Meanwhile, elected representatives and senators, kept ignorant of those life-and-death…

MSNBC's Martin Bashir not-so-subtly suggested Wednesday that House Speaker John Boehner (R-Ohio) is a "baby" who should "go the f*** to sleep" and let Democrats deal with the debt ceiling issue. Anchoring the afternoon program that bears his name, Bashir excoriated Boehner's latest deficit-reduction proposal, which he dubbed a "ludicrous lullaby," blaming the Ohio Republican for "this…