At the conclusion of his report on the federal government's July Monthly Treasury Statement, the Associated Press's Martin Crutsinger wrote that federal spending through the first ten months of the current fiscal year is "down 2.9 percent from a year ago," and that the decline "reflects, in part, automatic government spending cuts that began taking effect March 1."
Those "automatic cuts" represent only a very small part of the decline, as will be seen after the jump.
CNN's Carol Costello lectured Republicans on Monday that they should "act like big boys and girls" and present a counter to President Obama's deficit plan.
Interviewing Stephen Moore of the Wall Street Journal, Costello remarked that Republicans are angry over the President's plan intentionally lacking specific cuts to entitlements. "So, why don't Republicans act like big boys and girls and present their own plan about how they specifically want to cut entitlements? Why don't they just – isn't that how you negotiate?" she huffed. [Video below the break.]
This election has seen its fair share of tax rhetoric. From Sen. Harry Reid (D-Nev.) accusing Mitt Romney of not paying any taxes for over a decade to MSNBC contributor Joan Walsh insinuating that Ann Romneythrew a “tantrum” over her husband's tax returns, the Romneys have been the target of the political left seeking to use class warfare as a political cudgel. Endless ads and news segments by some in the media obsess over Mitt’s rate of taxation, complaining that he doesn't pay what's fair.
On Friday's Real Time with Bill Maher show on HBO, during a discussion of the recently passed Virginia law that requires an ultrasound be performed on every candidate for abortion in the hopes that the mother might decide not to go through with the procedure, economist Stephen Moore was booed by a number of audience members when he expressed the view that generally it would be a "good thing" to convince women not to have abortions, noting the feelings of regret women often feel afterwards. (Video below)
Bill Maher has for years bragged about his love for marijuana and his desire for drugs to be legalized.
On HBO's "Real Time" Friday, the sometimes comedian linked our nation's education problems to drugs claiming, "The kids are dumbasses and their parents are dumbasses and they’re taking drugs and f--king and not learning" (video follows with transcript and commentary):
So much for any scintillating future chit-chat between Rachel Maddow and Don Imus.
Imus cut loose with a withering broadside today against Maddow for what he perceived as her disloyal initial response to news of colleague and mentor Keith Olbermann's abrupt departure from MSNBC --
Having nothing to do with her politics, she is a gutless coward and I'll tell you why. Because everybody knew what the situation was with Olbermann at MSNBC. We used to work there. Tom Bowman, who's our producer, Elisha who's one of our producers, they both worked with me at MSNBC. They left there to come with me, by the way, don't look for any of Olbermann's producers to go any place with him. However, so we all know people, we still know everybody who's at MSNBC. So, everybody knew what was going on with Keith. Everybody knew what was going to happen to him. For this woman, who owed her job to him, she's live there with Bill Maher, a lot of people watch that terribly influential program, not to offer a defense of Olbermann, in spite of what you think about Olbermann, is unconscionable.
Chris Matthews, on Tuesday's "Hardball," painted town hall protesters as racist as he charged, "I think some of the people are upset because we have a black president." Matthews invited on Pennsylvania Governor Ed Rendell and the Wall Street Journal's Stephen Moore to analyze the uproar at the town hall meetings and after Moore offered that some of the protesters' rage was caused by the "$800 billion obscene fiscal stimulus bill," Matthews interjected with his own explanation for the anger as he exclaimed: "Are you telling me that these guys were created by this new president? That the people we're watching on television with their guns and their attitudes about the republic weren't around before January 20th?!...Okay I think, I think some of the people are upset because we have a black president." [audio available here]
The following exchange was aired on the August 11, edition of "Hardball:"
On Monday night's "Hardball," the Wall Street Journal's Stephen Moore challenged Chris Matthews to come out to one of the many tea parties protesting taxes and the government bailouts, as the former Club For Growth President egged on the "Hardball," host to prove he is "a man of the people," but Matthews ducked the invitation and yelled back: "Steve stay in your box!"
As Matthews was wrapping up a segment with Moore and radio talk show host Michael Smerconish, Moore got in the following parting shot:
STEPHEN MOORE, WALL STREET JOURNAL: Chris! Chris! Chris! My question is you're a man of the people, why aren't you out there at these April 15th rallies? I mean c'mon! You know you, you say, you speak for the middle-class guys?
CHRIS MATTHEWS: What is this? Intramurals? Michael Smerconish, thank you and Steve stay in your box!
Maxine Waters, a key Democrat congresswoman that has been implicated in blocking government oversight that could have prevented the current financial crisis, was caught lying Friday evening about her connection to failed lenders Fannie Mae and Freddie Mac.
During the panel discussion of HBO's "Real Time," Waters was challenged by the Wall Street Journal's Stephen Moore about the campaign contributions she's received from these government sponsored enterprises.
Despite what public records clearly show, Waters denied she had ever taken any money from these two companies (video embedded right courtesy our dear friend MsUnderestimated):
In a subscription-only editorial yesterday, Wall Street Journal Editorial Board member Stephen Moore notes that many countries in the rest of the world, including a few you'd never expect, are adopting the tax-cutting policies of Ronald Reagan, to their benefit:
Earlier this year the cover of Time Magazine depicted Ronald Reagan with a tear running down his cheek -- the message being that the political class has abandoned the Reagan legacy.....
Ironically, the Reagan economic philosophy of lower taxes, less regulation and free trade has never been more in vogue abroad -- so much so that it has become the global economic operating system.