Taxes

Two months after President Obama whacked the wealthy with higher taxes, Ed Schultz is flip-flopping on his previous denial that this occurred. Back in late February, Schultz resorted to accounting gimmickry to bolster his insistent claim that Obama had not increased taxes on well-heeled Americans. (audio clips after page break)

While you were watching Rand Paul's historic filibuster and the debate surrounding budget sequestration, an economic theory battle was waging between two of the nation's foremost liberal economists Paul Krugman and Jeffrey Sachs. In his most recent salvo published at the Huffington Post Saturday, Sachs spoke heresy to Obama-lovers across the fruited plain including Krugman claiming that…

The PBS NewsHour invited Nancy Pelosi on for an interview Thursday night, and the sparks were flying. Sparks of love, that is, between anchor Judy Woodruff and the House minority leader. Woodruff conducted a 10-minute interview of mostly softballs about the salient topics of the day. But one of today’s hottest topics, the sequester, only merited one question from Woodruff - and it wasn’t a…

The Washington Post editorial board today endorsed a plastic bag tax being considered in the Maryland General Assembly, insisting that the 5-cent excise tax will reduce plastic bag litter which clogs the state's streams and raise some "$7.3 million in revenue, a quarter of which would be retained by retail establishments like grocery stores." "It's a sensible measure that will help the…

As NewsBusters reported earlier, New York Times columnist Paul Krugman and MSNBC's Joe Scarborough had quite a heated discussion about the budget, debt, and the economy on PBS's Charlie Rose Monday evening. Near its conclusion, Scarborough actually scolded Krugman for pompously behaving like a sighing Al Gore (video follows with transcript and commentary):

New York Times columnist Paul Krugman and MSNBC's Joe Scarborough had an at times heated discussion about budget deficits, debt, and the economy on PBS's Charlie Rose Monday evening. At one point Krugman got so rattled by the facts that he actually said Scarborough quoting what he had said in the past was making an ad hominem attack against him (video follows with transcript and commentary):

For conservatives, it's been truly delicious the past few weeks watching previously devote Obamaites break ranks with their colleagues to finally tell the world that the emperor has no clothes. A fine example Monday was the perilously liberal economist and media darling Jeffrey Sachs who published an article at the Huffington Post with the headline "How Obama's Politics Led to Sequestration":

"We're all socialists from the day we're born. You know, you don't have to be poor or unemployed to be on Welfare. We're all at the trough. We're all Welfare queens." So said TIME magazine executive editor Michael Duffy on the syndicated Chris Matthews Show Sunday (video follows with transcript and commentary):

Chris Matthews asked a question Sunday that should truly offend people on both sides of the aisle. During the syndicated program bearing his name, Matthews asked his panel, "Has President Obama put himself at political risk if the big cuts do not wreak havoc?" (video follows with transcript and commentary):

Did you know that the mortgage interest deduction was a major contributor to families' distressed circumstances leading to the housing bubble? Or that George W. Bush's (really modest) tax cuts in 2001 and 2003, not the Internet bubble of the late-1990s led the nation from fiscal surplus to deficits? The reason you don't "know" these things is that they're not true. But the Associated Press's…

The Left and their media minions spent a good part of the past two years claiming the rich don't pay their "fair share" of taxes. Not according to the Associated Press which shockingly published a piece Sunday titled "Tax Bills For Rich Families Approach 30-Year High":

Syndicated columnist George Will made a statement on the Laura Ingraham Radio Show Friday that should make people on both sides of the aisle and both ends of Pennsylvania Avenue take notice. "I think the President has at long last so gone over the top in his rhetoric that he’s even losing the mainstream media" (video follows with transcript and commentary):

Congresswoman Maxine Waters (D-Calif.) this week made another in a series of absurd comments actually claiming that 170 million people would lose their jobs if the budget sequester was enacted. NBC Tonight Show host Jay Leno actually began his show with Waters’ claim Friday saying that it explains "why we’re in this situation in the first place" (video follows with transcribed highlights and…

Syndicated columnist Charles Krauthammer on Friday perfectly encapsulated the hysteria the White House is trying to gin up regarding budget sequestration. Appearing on PBS's Inside Washington, Krauthammer spoke of Biblical plagues that re-appeared Friday telling host Gordon Peterson, "We have sequestered against the Lord, Gordo, and his wrath is great" (video follows with transcript and…