Taxes

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…

Conceivably the best line uttered by a member of the media this week concerning the sequester debate came from Fox News's Neil Cavuto Friday In a Your World discussion about the budget deliberations with Congressman Charlie Rangel (D-N.Y.), Cavuto marvelously said, "It seems that your Party lies a lot."

It’s certainly clear to Jay Leno that the Obama administration is fearmongering the budget sequester. On NBC’s Tonight Show Thursday, Leno played a mock White House ad claiming among other things that if sequestration occurs, “Girl Scouts will be forced to sell meth" (video follows with transcript and commentary):

On Saturday, Washington Post reporters Lori Montgomery and Paul Kane fretted, with the help of several leftists they quoted, that sequestration might not cause enough pain. Given that the so-called "cuts" under discussion are really "reductions in projected spending growth," that is a legitimate fear if your perspective is that government shouldn't ever shrink under any circumstances. Rush…

I presume everyone remembers how when the New York Times published information about a classified program designed to track the movement of alleged terrorist funding through the international banking system Bush administration officials threatened to prosecute Times reporters and management over what they had done? No you don't, because although some conservatives and Republicans thought it…

Scott Pelley chided House Speaker John Boehner on Tuesday's CBS Evening News, indicating the Republican leader was largely to blame for the imminent sequester: "You said that the President didn't have the guts to do what needed to be done on the budget. Today, you said the Senate has to get off its ass. Those don't sound like the words of a man seeking to bring people together to compromise…

We don't need to speculate about the feelings of Josh Lederman at the Associated Press about who has the high ground in the ongoing sequestration discussions in Washington. What President Obama actually said about the idea of having more flexibiliity in deciding where to reduce projected spending, followed by how Lederman spun it, both follow the jump.

Ed Schultz's radio show is long overdue for a laugh track, seeing how the hilarity just keeps coming. Fresh on the heels of his delusional claim that a tax hike isn't actually a tax hike, Schultz on his radio show yesterday insisted that sequestration due to start March 1 will gut federal spending by "damn near a third" when in fact the impact is around ... 2 percent. (audio clip after page…

Normally, NewsBusters does not criticize editorials. However, on ocassion, one comes across one that is simply too full of myths and false statements that an exception has to be made to the rule. On Friday, The New York Times published an editorial examining sequestration and taxes. The editorial was loaded with inaccuracies, misleading statements, and significant lacks of clarification.…