New York Times columnist Paul Krugman said Sunday that Democrats should risk a debt default to avoid being blackmailed by Republicans that are holding a bomb "over our head" in the form of serious budget cuts.
This came moments after FDIC chair Sheila Bair told ABC's "This Week" panel, "I think maybe there's a little too much testosterone in this debate. It’s too much about winning and losing and not enough both sides are right, let’s come together and have a solution" (video follows with transcript and commentary):
"Inside Washington" host Gordon Peterson on Friday joined the ranks of liberal media members claiming Republican calls for Democrats to stop saying the GOP is trying to destroy Medicare is hypocritical due to their support for Congressman Paul Ryan's (R-Wisc.) budget proposal.
When he got his chance to address this absurdity, syndicated columnist Charles Krauthammer marvelously set the record straight (video follows with transcript and commentary):
CBS gave President Obama over 26 and a half minutes to answer 12 questions related to the economy during a town hall aired on Thursday's Early Show. Obama got six uninterrupted minutes to answer one question about Medicare during the hour-long event. Host Erica Hill wondered how the Democrat could "change the mind-set from things are tough to things are turning around" with the economy.
Hill led the town hall with her concerned economic "mind-set" question, noting beforehand that "it seems that we have been hearing, whether it's on TV, at the office, around the kitchen table, things are tough," but continuing that "there's positive economic data coming through. Yet, sometimes it can feel like for every two steps forward, it's one step back. There's definitely a psychological component to this recovery."
Here's a safe prediction: The "bipartisan" group of congressmen led by Vice President Joe Biden will fail to solve the $14 trillion debt crisis.
Here's another prediction: The Heritage Foundation (www.heritage.org/) has developed a formula, made possible by a grant from The Peterson Foundation (www.pgpf.org/), that could balance the budget in 10 years, reduce the debt to 30 percent of gross domestic product within 25 years, cut the size of the federal government in half by 2036, reform the tax code, restructure Social Security, Medicare and Medicaid, while protecting the most vulnerable, and not increasing taxes if -- and it is a very big if -- politicians prefer the solution to continued bickering.
Last November, MSNBC's Lawrence O'Donnell admitted on air to being a socialist.
In a segment on "The Last Word" Tuesday addressing how Cuba - a country nearing economic ruin - is moving towards capitalism, O'Donnell said, "We are all socialists in this country who support public education, state funded universities, government-run hospitals, Medicare, Social Security, classic socialistic programs that have sensibly found their way into the American economy" (video follows with transcript and commentary):
Last weekend, David Ignatius in his Washington Post column made a vital contribution to the debt and deficit debate: "Take the deficit pain now. It's a truth of economics and life that if you have bad news coming, take the hit early and get it behind you. You can't start building until the debris is out of the way."
Ignatius offers various examples from history (e.g., Fed Chairman Paul Volker's 1979 interest rate hikes that caused the recessions of the early '80s, but broke the inflation psychology and (I would add, with Ronald Reagan's policies) built the foundation for 25 years of prosperity.
Ed Schultz's pattern of accusing Republicans of lying moments before lying himself continued Tuesday evening.
Just moments after calling House Speaker John Boehner (R-Oh.) and Congressman Paul Ryan (R-Wisc.) liars, the host of MSNBC's "Ed Show" misinformed his viewers about Medicare (video follows with transcript and commentary):
If you had any questions about just how far to the left New York Times columnist Paul Krugman is, they were answered Monday when he expressed enthusiastic support for the Congressional Progressive Caucus's radical tax-hiking "People's Budget."
In his "Let's Take a Hike," the Nobel laureate left no doubt about his desire to swiftly redistribute America's wealth with little regard for the economic consequences:
On the April 21 edition of FNC's "Hannity," NewsBusters publisher Brent Bozell tackled how the media lapped up President Obama's talking points about the Paul Ryan budget plan and its effect on senior citizens.
"You know, Sean, this is some of the worst fear-mongering I've ever heard, and I think, personally, I find it despicable that this came from the president of the United States," the Media Research Center founder complained, adding:
According to MSNBC's Chris Matthews, "the only cuts that [Tea Partiers] seem to want are the cuts for the poor people." The Hardball host smeared the conservative protesters on Thursday while discussing planned reforms to Medicare and Medicaid.
Guest Jonathan Alter laughed at Matthews' attack, prompting the anchor to mock, "You're laughing because you know how right-wingers think."
Citing a Washington Post poll showing 52 percent of Tea Partiers support cutting Medicaid, he prompted the former Newsweek editor, "...Strong, zealous Tea Party people have brought themselves to willingness to cut poor people. That doesn't surprise me, but your thoughts."
Are you a Christian who also is supportive of Rep. Paul Ryan's budget plan? Then you'd best repent of your sin and be renew your mind with the social gospel.
That's the pronouncement of liberal theologian Susan Brooks Thistlethwaite in an April 18 post at the Washington Post/Newsweek "On Faith" website.
Brooks Thistlethwaite -- who previously hit Tea Party conservatives as tribalistic -- apparently believes that politically conservative Christians are trying to serve two masters, Jesus and Ayn Rand (emphasis mine):
For the second night in a row Tuesday, MSNBC's Ed Schultz called Republicans liars.
Also for the second night in a row, he did so moments before lying himself (video follows with transcript and commentary):