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May 18, 2013
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National Debt

No More Washington Tricks

By Tony Blankley | July 20, 2011 | 15:36

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In Atlanta, the teachers cheat on exams so the students don't have to. It doesn't raise the knowledge level of our children, but it gets the school system past the next exam — even as the system continues its death spiral. We will know the spiral has reached its terminal station when there is full unionized teacher employment and complete student illiteracy.

Now, in this same spirit of treating the symptoms at the price of the patient soon dying, Moody's credit rating agency, according to Reuters, has proposed that the United States "eliminate its statutory limit on government debt to reduce uncertainty among bond holders."

  • Tony Blankley's blog
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NYT Lead: 'Bipartisan Plan For Budget Deal Buoys President...House G.O.P. Face Intensifying Pressure'

By Clay Waters | July 20, 2011 | 14:31

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Continuing a New York Times trend of hyping Obama’s vague, politically motivated rhetorical feints as a genuine sign of budget-cutting commitment, Wednesday’s New York Times lead story by Jackie Calmes (pictured) and Jennifer Steinhauer overhyped the sudden re-emergence of a budget “plan” from the bipartisan “Gang of Six” senators while providing President Obama a deck of headlines suitable for framing: “Bipartisan Plan For Budget Deal Buoys President – New Talks Are Sought – House Republicans Face Intensifying Pressure to Avoid Isolation.”

President Obama seized on the re-emergence of an ambitious bipartisan budget plan in the Senate on Tuesday to invigorate his push for a big debt-reduction deal, and he summoned Congressional leaders back to the bargaining table this week to “start talking turkey.”

  • Clay Waters's blog
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America's Financial Restoration vs. Obama's Ideology

By David Limbaugh | July 20, 2011 | 10:51

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There is an overarching reason we can't move toward a balanced budget, which underscores why we face ongoing stalemates over debt ceilings and continuing resolutions: President Obama doesn't want to balance the budget.

I don't say this out of extremism or to be gratuitously controversial or even provocative. It's just that his words and actions lead to the inescapable conclusion that he is unwilling to curb his appetite for big government. In the absence of any such restraint, our alarming budget trajectory cannot be reversed. The debt ceiling may be the last clear chance before the 2012 elections to force meaningful budgetary reforms.

  • David Limbaugh's blog
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Matthews Asks GOP Congressman 'Will You Resign' If Not Raising Debt Ceiling Causes Crisis?

By Noel Sheppard | July 19, 2011 | 21:13

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As NewsBusters previously reported, Chris Matthews had quite a heated debate with Rep. Joe Walsh (R-Ill.) on Tuesday's "Hardball."

Amidst a series of ridiculous questions asked of the Congressman, possibly the most absurd was, "If we have a crisis in August [as a result of not raising the debt ceiling], will you resign?" (video follows with transcript and commentary):

  • Noel Sheppard's blog
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Media Cast Obama as Budget Cutter Amid Debt Ceiling Debate

By Alex Fitzsimmons | July 19, 2011 | 17:51

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Reporters have repeatedly portrayed Barack Obama as a deficit hawk committed to "slashing" spending, as MRC Research Director Rich Noyes documented in April ahead of the president's much-anticipated budget speech.

While the media touted Obama's budget blueprint, which contained puny cuts, as "deeply painful," CBO Director Doug Elmendorf told Congress the president's framework lacked sufficient detail to be scored as a credible plan.

Since then, Obama still hasn't revealed a serious plan to cut spending, yet correspondents continue to paint the president as a budget cutter.

  • Alex Fitzsimmons's blog
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MSNBC's Mike Barnicle Oddly Tries to Suggest Sen. Ron Johnson Should Talk Compromise on Debt Like It's a Home Loan

By Eric Ames | July 19, 2011 | 14:01

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MSNBC contributor Mike Barnicle perpetuated the liberal line of Republican obstinacy over the debt ceiling on Tuesday's Morning Joe using a poor analogy to home buying. "Did you ever compromise or negotiate on the price with the then owner of the home?" asked Barnicle.

[VIDEO BELOW THE FOLD]

  • Eric Ames's blog
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NBC Dismisses GOP Debt Ceiling Plan as a 'Show,' 'Just Wasting Time'

By Kyle Drennen | July 19, 2011 | 13:35

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On Tuesday's NBC Today, co-host Ann Curry admonished Republicans for trying to pass a balanced budget amendment as part of a debt ceiling agreement: "Tea Party conservatives love this plan. The President has already said that he's going to veto it. Do we really have time for a plan that is really just show?" [Audio available here]

In response, congressional correspondent Kelly O'Donnell touted White House reaction: "They issued the veto threat, and they also said that this would really force the government to not be able to spend on things like Medicare, Social Security, prevent spending for future disasters. And they even renamed it...The White House is calling it 'duck, dodge and dismantle.'"

View video after the jump

  • Kyle Drennen's blog
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Time: Conservative Republicans Living in 'Alternate Reality' on Debt Ceiling Ramifications

By Ken Shepherd | July 19, 2011 | 12:32

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Conservative Republicans are divorced from reality while Democrats are governed by the facts.

That's the take Time's Alex Altman has on how the two congressional parties are addressing the looming debt ceiling deadline in his July 19 Swampland blog post, "The Fact Gap: Can Republicans Overcome Their Alternate Reality to Strike A Debt Deal?":

  • Ken Shepherd's blog
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Showdown at Washington's OK Corral

By Chuck Norris | July 18, 2011 | 23:22

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The OK Corral in Tombstone, Ariz., was where Doc Holliday and Wyatt, Virgil and Morgan Earp fought the Clantons and McLaurys on Oct. 26, 1881. At the end of that 30-second showdown, Virgil and Morgan Earp were wounded, and three cowboys were dead.

President Barack Obama and House Republicans' showdown over the debt and deficit quickly is turning into Washington's OK Corral. And politicians on each side are trying to convince you which are Tombstone law enforcement (the good guys) and who the rogue cowboys (the bad guys) are.

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Referring to Tea Party Chris Matthews Tells Pat Buchanan 'You Want to Join the Crazy Protesters'

By Noel Sheppard | July 18, 2011 | 21:39

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MSNBC's Chris Matthews and Pat Buchanan got into quite a heated debate on Monday's "Hardball."

At issue was the battle of the debt ceiling with Matthews calling Tea Partiers opposed to raising it "crazy protesters" and telling his guest, "You want to join" them (video follows with transcript and commentary):

  • Noel Sheppard's blog
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Chris Matthews Uses Dubious Historical Analogy to Tar Conservative Republicans on Debt Ceiling Issue

By Ken Shepherd | July 18, 2011 | 17:55

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According to Chris Matthews, conservative House Republicans who are holding steadfast on resisting a debt ceiling deal that includes tax hikes are like the apocryphal bovine of doom behind the 1871 fire that destroyed much of Chicago (video follows page break):

  • Ken Shepherd's blog
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Obama's Proposal: Increase Debt Extra $26B This Year, $83B Next Year, $2.7T Over Decade

By Terence P. Jeffrey | July 18, 2011 | 16:41

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While the Republican-controlled House of Representatives has voted this year to approve House Budget Chairman Paul Ryan's (R.-Wis.) proposal--that would put the government on a gradual path to a surplus by 2040--and plans to vote on a balanced budget amendment next week that would cap federal spending at 18 percent of GDP, the only budget proposal President Obama's has publicly revealed in 2011 would, according to the Congressional Budget Office, increase the deficit by $26 billion this year, $83 billion next year, and $2.7 trillion over the next decade.

Additionally, although annual budget deficits would decline somewhat between 2013 and 2015 under Obama's proposal, according to the CBO, after that they would start increasing again, going up every year from 2016 to 2021, the last year estimated by the CBO.

  • Terence P. Jeffrey's blog
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NBC's Curry Touts Dalai Lama Giving 'Comfort' to Obama During 'Fierce Struggle' With GOP

By Kyle Drennen | July 18, 2011 | 11:32

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In an interview with the Dalai Lama aired on Monday's NBC Today, co-host Ann Curry bizarrely asked the Tibetan spiritual leader about the debt ceiling fight in Congress: "The President is in a fierce struggle with his political opponents over the future of the nation's finances. What is the best way, your best advice, in how to find compromise with those you deeply disagree with?" [Audio available here]

The Dalai Lama responded by saying both sides "must work together" to come to a deal: "this is economic problem. It is not the interest of this party or that party. It's a national sort of interest." Curry noted how, "The Dalai lama says he offered President Obama comfort," during a weekend meeting at the White House.  

View video after the jump      

  • Kyle Drennen's blog
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Stupidity At Moody's: Get Rid of Debt Ceiling and We Won't Downgrade Your Debt

By Noel Sheppard | July 18, 2011 | 09:04

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In the midst of staggering illogic surrounding our debt ceiling, ratings agency Moody's just raised the bar.

On Monday, it announced that the United States could increase its creditworthiness by - wait for it - eliminating the debt ceiling altogether:

  • Noel Sheppard's blog
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Bob Schieffer Asks Senators: Why Are You Wasting Time Debating Balanced Budget Amendment?

By Noel Sheppard | July 17, 2011 | 22:58

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With trillion dollar budget deficits as far as the eye can see, a balanced budget amendment is sounding pretty good to an overwhelming majority of Americans.

Apparently CBS's Bob Schieffer isn't amongst them, as he actually asked Sen. Dick Durbin (D-Ill.) on Sunday's "Face the Nation," "Why are you wasting time debating that?" (video follows with transcript and commentary):

  • Noel Sheppard's blog
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CNN's Gloria Borger: Tea Party 'Hijacked' GOP, Preventing Obama From Becoming 'Transformational President'

By Noel Sheppard | July 17, 2011 | 17:51

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Gloria Borger said this weekend the Tea Party has "hijacked" the GOP and in so doing prevented Barack Obama from becoming a "transformational president."

In her view espoused on the syndicated "Chris Matthews Show," without the Tea Party, "The John Boehners of the world [would have] cut a deal with the President of the United States" (video follows with transcript and commentary):

  • Noel Sheppard's blog
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Amanpour Focuses on One Poll Showing Support for Tax Hikes, Schieffer Upset GOP Not as Reasonable as Obama

By Brent Baker | July 17, 2011 | 17:35

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A couple of Sunday interview show hosts again forwarded White House talking points about the necessity to include taxes, I mean “revenues,” in any debt ceiling increase deal with ABC’s Christiane Amanpour focusing on a single poll she highlighted for ammunition the public is on her side while ignoring how, by two-to-one, the public opposes raising the debt ceiling at all.

CBS’s Bob Schieffer touted how President Obama has made “concessions” but, he sputtered, “I don't hear any concessions from people on the other side. They just say no taxes, and that’s their negotiating posture.” He demanded of Senator Marco Rubio: “Can you have meaningful reform here without increasing revenues in some way?”

  • Brent Baker's blog
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CNN's Cooper: Obama's 'Numbers Didn't Quite Add Up'

By Mike Bates | July 16, 2011 | 12:15

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When an adoring mainstream media suspend their fawning long enough to point out that he's lying, Barack Obama must realize his presidency is in trouble.  That's what happened Friday night on CNN's Anderson Cooper 360 Degrees.

Naturally, Cooper began by claiming Republicans who argue Americans don't want higher taxes use polling data "that's just not true."  No mention was made of this week's Rasmussen Reports survey showing 55 percent of respondents oppose a tax hike in any debt ceiling deal.  But then Cooper turned to Gallup Poll findings used by Obama:

  • Mike Bates's blog
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ABC Notes Dem Refusal to Budge on Medicare, CBS Gives Impression Dems Willing to Cut

By Brad Wilmouth | July 16, 2011 | 05:12

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 On Friday’s World News on ABC, correspondent Jonathan Karl took a moment to go beyond the budget debate between House Republicans and President Obama with the GOP unwilling to support a tax increase, and noted that House Democrats have also been just as resistant to voting for cutting the growth of Medicare spending. But the same night's CBS Evening News focused on Republican reluctance to support some of the budget proposals and even gave the impression at one point that congressional Democrats were willing to curtail Medicare growth.

On ABC, after recounting some of the Republicans who have resisted voting for budget plans that have been brought up, Karl continued:

  • Brad Wilmouth's blog
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Charles Krauthammer Accuses Press of 'Accepting Every Leak Out of the White House'

By Noel Sheppard | July 15, 2011 | 18:10

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Charles Krauthammer on Friday marvelously demonstrated just how in the pockets of Barack Obama America's news media are.

After claiming on PBS's "Inside Washington" that we now have a "completely compliant, pliant, supine press accepting every leak out of the White House," he silenced the entire panel by asking them to name one specific cut to entitlements the President has proposed (video follows with transcript and commentary):

  • Noel Sheppard's blog
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'News' Anchors Echo MSNBC's Lefty Hosts: 'Why Do 2% Have a Chokehold on Other 98%?'

By Rich Noyes | July 15, 2011 | 17:44

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Here are a couple of examples, caught by the eagle-eyed Brent Baker, of MSNBC's supposedly more-restrained "news" anchors mouthing the kind of left-wing rhetoric that's a staple of their prime time hosts.

Immediately after President Obama's press conference earlier today, 11am ET anchor Thomas Roberts framed a question about tax policy thusly: "Why do you think the top 2 percent of America has a chokehold on the other 98 percent?"

A few minutes later, after the top of the hour, 12pm ET anchor Contessa Brewer disparaged the Republican position against raising tax rates:

  • Rich Noyes's blog
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NBC Washington's Vance Treats Obama to Softball Interview

By Ken Shepherd | July 15, 2011 | 16:22

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Kicking off the NBC4 11 o'clock news last night, veteran Washington, D.C. anchor Jim Vance touted an exclusive interview he had earlier that day with President Barack Obama.

Vance then aired an excerpt of the interview, comprised of two softball questions. Afterwards, he informed viewers they could find the full interview at the station's website, nbcwashington.com.

Unfortunately, the rest of the interview was just as disappointing. As you'll see, Vance practically portrayed Obama as needlessly inconvenienced by pesky Republicans on the debt ceiling issue and the economy at large.

[You can watch the full video in the embed below the page break]

 

  • Ken Shepherd's blog
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Since When? NYT's Calmes Claims Budget-Cutting 'Obama Wants Deficit Reduction'

By Clay Waters | July 15, 2011 | 12:47

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New York Times reporter Jackie Calmes’s lead story, “Behind Battle Over Debt, A War Over Government – Deal Elusive as 2 Parties Cling to Principles in Dispute Over Washington’s Role,” reels off a slanted history of recent Washington budget wars. Calmes baldly stated the G.O.P. isn’t serious about deficit reduction and treated Obama’s abrupt negotiating tactic on supposed deep spending cuts as equivalent to the G.O.P.’s long-standing, specific budget proposals

Calmes’s reporting is often weighted toward Democrats, and she has expressed her sympathies for Obama in his dealings with Republicans the last few years, complaining the G.O.P. had not sufficiently “accomodated” the president by passing Obama-care and financial regulation. She wrote for Friday’s lead:

  • Clay Waters's blog
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Media Mash: Debt Ceiling Edition

By NB Staff | July 15, 2011 | 11:13

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"You know, in Journalism 101, if you're going to ask a question of someone like the president, what you do is, you take, respectfully, you take the opposition's best argument and you play devil's advocate," NewsBusters publisher Brent Bozell argued on the July 14 edition of "Hannity."

But instead of taking that approach -- which, Bozell noted, the famous liberal reporter Sam Donaldson took both with Ronald Reagan and Bill Clinton -- the media have been actively working with Obama to forward the Democratic narrative regarding the debt ceiling negotiations.

[Video follows page break]

 

  • NB Staff's blog
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Only 2 Percent of Network Reports on Debt Ceiling Battle Mention Public Opposition to Increase

By Julia A. Seymour | July 15, 2011 | 09:50

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The 2010 elections, which changed the balance of power in the House, were driven by popular opposition to government spending, debt and the threat of tax increases. Yet even with the federal debt limit already breached and only days left to prevent a national default, the media continue to ignore the public's wishes.

The theme of network reports on the debt ceiling battle is that some agreement MUST be reached so that the limit can be increased, but many Americans disagree with raising the debt limit and are more concerned about government spending. But that has barely been mentioned in stories.

Polls taken by Gallup, CBS and AP have all registered significant worry about federal debt and opposition to an increase in the debt ceiling. But ABC, CBS and NBC coverage of the debt limit battle being waged on Capitol Hill has not reflected that fact.

Out of 45 reports on the broadcast network's evening news programs between June 16 and July 12, only one mentioned a poll that showed public opposition to raising the debt ceiling. That's a mere 2 percent of reports. An additional two stories had some reference to what the public might think, but without polling data.

  • Julia A. Seymour's blog
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CBS’s Cordes: ‘Ambitious’ Eric Cantor ‘Has Given His Opponents Plenty of Ammunition’

By Brad Wilmouth | July 15, 2011 | 06:32

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 On Thursday’s CBS Evening News, correspondent Nancy Cordes filed a report on House Majority Leader Eric Cantor as a "lightning rod" for sharp criticism from Democrats because of his role in budget negotiations with President Obama. After beginning the report with a clip of Democratic Senator Chuck Schumer asserting that Cantor "has yet to make a constructive contribution," and after recounting that Senate Majority Leader Harry Reid had called the Republican leader "childish," Cordes seemed to legitimize the insults as she asserted that Cantor had provided "plenty of ammunition":

  • Brad Wilmouth's blog
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Pelosi's Audacious Claim: Obama Has More Patience Than Biblical Job

By Nicholas Ballasy | July 14, 2011 | 18:29

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House Minority Leader Nancy Pelosi (D-Calif.) said that President Barack Obama has shown a “level of patience” in debt limit negotiations with congressional leaders that does not compare to the biblical figure Job, known as the “Man of Patience.”

 

  • Nicholas Ballasy's blog
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MSNBC's Martin Bashir: Obama Didn't Walk Out of Debt Talks, 'Childish' Cantor 'Had a Tax Tantrum'

By Alex Fitzsimmons | July 14, 2011 | 18:14

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It has been widely reported that President Barack Obama walked out of Wednesday night's debt limit meeting, but MSNBC's Martin Bashir on Thursday was in complete denial that the Democratic president, who's merely "exasperated by Republicans playing this dangerous game," would conduct himself in such a way.

During his daily "Clear the Air" segment, Bashir offered mounds of incredulity but not a shred of evidence to contradict numerous reports of Obama abruptly and prematurely terminating the meeting:

Hmm, I'm not so sure about that...The president losing his temper, abruptly, and rudely cutting short the conversation? Running from a room inside the White House? Does that sound the like president that we've gotten to know during the last two and a half years? Or is that the kind of behavior we've now come to expect from Eric Cantor over the last few weeks?

Video follows break

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Joe Scarborough Hammers His Crew: 'Name One Tough Vote' the Dems Have Taken on Debt

By Eric Ames | July 14, 2011 | 17:12

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Joe Scarborough took Morning Joe co-host Mika Brzezinski to task Thursday over the ongoing debt negotiations. "[Republicans] already have given specifics on the Paul Ryan Medicare plan which was political suicide for a lot of Republicans. They took that hard vote. What hard vote have Democrats made on the debt over the past year? Name one. Name one vote" said Scarborough.

[VIDEO BELOW THE FOLD]

  • Eric Ames's blog
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Open Thread: Why Did Obama Walk Out on Debt Negotiations?

By NB Staff | July 14, 2011 | 10:20

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Two days after Anderson Cooper described President Barack Obama as the "adult" in a room of unruly Republicans, Obama reportedly stormed out of a heated discussion on debt negotiations yesterday due to his frustration with House Majority Leader Eric Cantor.

Also yesterday came a stern reminder from House Minority Leader Nancy Pelosi that the president has repeatedly listened to the concerns of Congress but that "nobody can out debate him." Check out a video of Pelosi's remarks after the break, and let us know what you think of Obama's actions in the comments.

  • NB Staff's blog
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