Red Ink Since Dems Took Over Congress Greater Than All Previous Defici
The 2011 budget shortfall, which is the responsibility of the previous Congress, is now projected to be $1.65 trillion.
If accurate, this means that since the Democrats took over Congress in 2007, we have posted over $5 trillion in deficits.
MSNBC Sells False Idea Taxes are Lowest in 60 Years
Do you think you're paying less in federal income taxes than you ever have in your entire life?
If you watched Chris Matthews, Ed Schultz, or Cenk Uygur on MSNBC Tuesday, you might believe that (video follows with transcripts and lots of commentary):
Scary Unemployment Shocker: Labor Force Plummets 1.6 Million Since May
As NewsBusters previously reported, CNBC's Rick Santelli was very disappointed by Friday's jobs report from the Labor Department showing a surprising decline in the unemployment rate to 9.0 percent.
Disappointing is hardly the word I would use for buried inside the numbers was another huge decline in the size of the American labor force that should have economists and government officials…
Krauthammer Exposes Hypocrisy of Being Called 'Cranky' by WaPo Columni
In the middle of a rather comical exchange on PBS's "Inside Washington" Friday evening, Washington Post columnist Colby King accused fellow panelist Charles Krauthammer of being "cranky" concerning President Obama's State of the Union address.
Not at all surprising to fans of the Fox News contributor, Krauthammer struck back and did so quite impressively (video follows with transcript and…
Chris Matthews: 'Franklin Delano Roosevelt Bailed Out Capitalism in th
The President that expanded the role, scope, and size of the federal government more than all that came before him or since is unquestionably Franklin Delano Roosevelt.
Yet on Tuesday, moments after calling Congresswoman Michele Bachmann a "balloon head," MSNBC's Chris Matthews actually said FDR "bailed out capitalism in the '30s" (video follows with transcript and commentary):
Tea Party's Dana Loesch Battles Eliot Spitzer on Taxes and Spending
St. Louis Tea Party co-founder Dana Loesch took on CNN's Eliot Spitzer Monday evening in a classic battle between Right and Left.
From the opening bell, Loesch gave Spitzer a much-needed education on how extending existing tax rates isn't a tax cut (video follows with transcript and commentary):
AP Headline: Keeping 2011-2012 Income Tax Rates the Same Is 'Big New T
Did you know that the "big new tax law" signed by President Obama yesterday "will save taxpayers, on average, about $3,000 next year," and that it will have "tax breaks for being married, having children, paying for child care, going to college or investing in securities"?
Don't spend that extra $3,000 yet, because it mostly won't be there. With the only major exception being the 2-point cut…
AP's Ohlemacher Continues Press's Persistent Promotion of Social Secur
One of the press's longest campaigns to systematically obfuscate the truth about a specific government program is the one that has protected Social Security from reasonable scrutiny for most of the 75 years of its existence.
The Associated Press's Stephen Ohlemacher did his part to continue the misdirection in his coverage of the possible effects of the payroll tax cut President Obama and…
Obama Again Says Social Security Originally for Widows and Orphans Onl
You would think after the last time President Obama incorrectly said Social Security when it was originally created was exclusively for widows and orphans, someone in his administration would have corrected him so he wouldn't do it again.
Yet there he was at Tuesday's press conference making the same completely false assertion on national television (video follows with transcript and…
Samuelson's Home Run: 'What the Bowles-Simpson Plan Left Out
The Washington Post's Robert J. Samuelson in his Monday column scolded President Obama's deficit commission in a fashion that should be must-reading for every American, especially liberal media members.
At issue for Samuelson wasn't the cost-saving or revenue-generating ideas in the plan. Instead, he accurately pointed out that it lacked a coherent message as to why our social programs are…
NY Mag's Heilemann: Obama's the Only Serious Adult in Deficit Reductio
New York magazine's John Heilemann said this weekend that President Obama is the only serious adult in the deficit reduction conversation now going on in Washington.
This deliciously came seconds before Heilemann told other guests on the syndicated "Chris Matthews Show," "I have been dispirited by the lack of strategy on the part of the White House since the midterm elections...specifically…
Tom Friedman: Tea Party is Wrong - Americans Want Higher Taxes and Mor
There are times when one has to think the Manhattan building that is the home of the New York Times doesn't have any windows, doesn't have any television sets, and doesn't have any doors that allow employees to venture out and actually see what's happening in America beyond the walls of 620 Eighth Avenue.
Consider that after the impact the Tea Party has had on our nation's politics the past…
Paul Krugman Recommends 'Death Panels' to Help Balance Budget
UPDATE AT END OF POST: Krugman tries to clarify what he said.
Although he was likely taking a swipe at former governor Sarah Palin with the reference, Paul Krugman on Sunday recommended "death panels" as a means of helping to balance the federal budget.
In a Roundtable discussion on ABC's "This Week," the New York Times columnist said of what recently came out of the President's deficit…
Charles Krauthammer Schools Carlson and Krugman on Raising Social Secu
Charles Krauthammer on Friday gave a much-needed education to Bloomberg's Margaret Carlson about why the age at which one can receive Social Security benefits must be raised.
His words on PBS's "Inside Washington" also refuted Paul Krugman's foolish claims on this matter published in Friday's New York Times (video follows with transcript and commentary):
