Ed Morrissey at Hot Air had the catch of the day yesterday when he revealed, based on Congressional Budget Office internal projections distributed to Congress during the summer, that the Social Security system will spend more cash than it takes in during the government's next fiscal year ending September 30, 2010. Read about it there, or here, because you won't see the establishment media acknowledge the existence of these revelations.

Morrissey isn't clear as to when the report was prepared, but if it dates back to July or even early- mid-August, it's possible that Social Security will show a measly positive cash flow of less than $10 billion when the dust settles on the current fiscal year that will end next week, compared to +$72 billion a year ago. That's because the decay in Treasury's cash collections during the current quarter has been that bad.

Here's the relevant portion of the spreadsheet Morrissey obtained:

You know the era of big government is alive and well when you see a mainstream news outlet praise the growth of the public sector as a "bright spot."

Leading up to and throughout the 2008 national election cycle, CBS News was generally downbeat on the economy, even when times were much better than they are currently. However, now that government has taken a much larger role in the private economy, the "CBS Evening News" has now been running a so-called "Economic Bright Spot" segment. And on the May 18 broadcast, "Evening News" anchor Katie Couric explained how government was going to save us all.

"Back here on earth, government agencies like NASA seem to be the only places hiring during this recession," Couric said. "Last month, there were 72,000 new government jobs - 66,000 federal. That's up more than 2 percent from the month before. As Kelly Wallace reports, for thousands of graduates who need jobs this hiring boom is one of the economic bright spots."

If you needed some good news to brighten your Saturday evening, this could be it: ABC's George Stephanopoulos believes Democrats have abandoned their goal of enacting a carbon cap and trade program this year.

For those unfamiliar, this is a scheme backed by global warming alarmists such as Nobel Laureate Al Gore designed to place prohibitive taxes on emitters of that dastardly carbon dioxide.

Most rational economists not under Gore's influence believe such a plan would have a devastating effect on our economy, and would likely force companies to continue exporting manufacturing jobs to countries like China and India which don't have such business unfriendly practices.

Fortunately, according to Stephanopoulos, this idea has been scrapped for the time being (h/t Hot Air): 

This post follows up on last night's NewsBusters post ("They Never Learn: CNN Withdraws Apparently Faked Video of CPR Attempt on 'Dead' Palestinian Child").

CNN has reposted a video it withdrew yesterday. That video purports to show the death and hasty burial of a cameraman's 12 year-old younger brother, one of two children allegedly killed on the roof of their home in rocket fire from an Israeli drone.

Charles Johnson of Little Green Footballs, Ed Morrissey at Hot Air, Bob Owens of Confederate Yankee, and several NB commenters yesterday all questioned the credibility of the video. Johnson, Owens, and Morrissey still believe it was staged.

Here are some excerpts from CNN's explanation for re-posting the video, and why it believes it to be genuine (the video itself is here):

On Sunday, my colleague P. J. Gladnick helped break the story about Barack Obama discussing how his carbon cap and trade proposals would bankrupt coal-fired power plants.

Hot Air's Ed Morrissey has found a video of that interview with the San Francisco Chronicle (embedded right).

Sunday evening, the Chronicle's Carla Marinucci refuted claims that she and her paper did anything to hide this information from the public.

Morrissey took issue with Marinucci's position:

Reuters highlights a great little tale filled with anti-gun bias and bad reporting, all topped with an extremely misleading photo that presents a wonderful example of biased "reporting" at its worst. The story is about a German man who was "crowded out of his home" by his gun collection but the photo is of a gun store display in America. What the two have to do with each other is anybody's guess. But then we find out the man wasn't crowded out by his gun collection after all. Just a little thought put to the Reuters tale reveals that the whole thing is bunk.

BERLIN (Reuters) - A German man was such an avid collector of weapons and other paraphernalia that he ran out of space at home and had to sleep in a hotel, neighbors said following the 71-year-old's death... Executors found an arsenal of weaponry and assorted goods at the man's two-story home in the western city of Aachen...

Wow, it must have been hundreds and hundreds of guns that caused this man to flee from his two-story home to a hotel, right?

Well, not really.

(h/t Moe Lane/RedState)

Liberal blogger Molly Priesmeyer may have bitten off a bit more than she can chew with a blog mocking Republican presidential candidate John McCain for his false teeth. Of course, commenters on her blog have noted that McCain's teeth were smashed out by North Vietnamese tormentors, but Priesmeyer's entry at Minnesota Monitor remains online although it obviously is in poor taste:

If bloggers are saying one thing about John McCain this week it's that the 71-year-old has some serious grit. Of course, that grit comes in the form of McCain Mouth, a deformity that apparently causes teeth to look like a mess of yellowed and contorted Chiclets. Today, BuzzFeed.com has picked up on the mouth meme, turning McCain's piano-key chompers into an official phenomenon.

The consensus? "They're old." And, "He looks like Reverend Kane from Poltergeist II." And, "Dude has had a ton of plastic surgery, can't he afford a dentist?"

Hot Air's Ed Morrissey noted today that Minnesota Monitor is funded by left-wing megamillionaire George Soros:

Nine years have passed since The New Republic came to grips with the fact that it had a serial fabulist on its hands in writer Stephen Glass. Now the liberal magazine is facing more scrutiny for more faulty reporting at the hands of Scott Thomas Beauchamp.

"I couldn't help but be struck by the similarities and differences at The New Republic, then and now," blogger Ed Morrissey wrote after viewing the 2003 film "Shattered Glass," based on the rise and fall of New Republic writer Stephen Glass. What's most damning, Morrissey argues, is that the Beauchamp scandal is much worse in terms of the gravity of the news material that was faked and the disparity in how the TNR editors have responded:

At Ed Morrissey's secondary blog, Heading Right, the Captain's Quarters editor and Blog Talk Radio host noted that by giving MoveOn.org a discount to smear General Petraeus, the paper of record has exposed itself as a radical activist shill willing to engage in character assassination (emphasis mine):

By writing off more than half of its normal price, it encouraged the publication of a nasty hit piece on the honor of a serving commander in a theater of war. The Paper of Record helped call Petraeus a traitor, surely one of the worst moments in modern American media.