Budget

Something astonishing happened in New Jersey last week. A majority Democratic legislature and a Republican governor agreed on a measure that will cut benefits for the state's 750,000 employees and retirees. Like Wisconsin and other states that are being forced to deal with large budget deficits caused mostly by sweetheart deals struck in more prosperous times between politicians who need…

I'll make you a deal: I'll quit accusing Democrats of obstructing spending and entitlement reform when they quit obstructing spending and entitlement reform. Now we even have the nonpartisan, sterile, unflappable Congressional Budget Office virtually predicting a "fiscal crisis," yet the Democratic Senate hasn't passed a budget for 785 days. There ought to be a law.

Susan Haigh's report Friday evening on the current status of budget negotiations between Connecticut Governor Dannel Malloy and the state's public-sector unions contains two glaring errors which mar the entire enterprise. Haigh conveniently withheld the fact that the Nutmeg State's legislature has already approved $2.6 billion in new taxes over two years until her report's final paragraph,…

On Sunday’s This Week, ABC’s Christiane Amanpour repeatedly hit Senate Minority Leader Mitch McConnell with the White House’s plea for “revenue raising” measures, often the new euphemism for tax hikes, but when she talked to Democratic Congressman Jim Clyburn, the Assistant Minority Leader in the House, she failed to press him about agreeing to GOP spending cut proposals and instead only asked…

I can't say that I'm up on what every state is doing, but it's hard not to notice contrasts between two trios of states singing decidedly different tunes: Wisconsin, Ohio and New Jersey, three states with recently elected conservative Republican governors, have either put their budgets to bed, or are on the verge of doing so, by cutting costs and not raising taxes. Connecticut,…

In an exclusive interview with New Jersey Governor Chris Christie on Friday's NBC Today, co-host Matt Lauer played a clip of a woman attacking the Republican as hypocritical for sending his children to private school while cutting funding for public schools. Lauer agreed with her premise: "I thought it was a fair question." Lauer sympathized with the woman and argued: "...what she was asking…

It took well over a year, but New Jersey Governor Chris Christie has gotten his way. Covering the story for the New York Times, Richard Perez-Pena seemed to alternate between shock and "Awww." His biggest journalistic distortion was understating the degree to which Christie needed -- and got -- Democratic Party help to pass legislation which, in Pena's words, "will sharply increase what state…

The New York Times may flinch at the thought of cutting Medicare or unemployment benefits to cut deficits, but reporters have quickly warmed to the idea of a speedy withdrawal from Afghanistan in the name of cost-cutting. Reporter Michael Cooper spied an anti-war revival on Tuesday in “Mayors Call for a Quicker End to Wars So Money Can Be Used for Needs at Home,” picking up on a release from…

Lawrence O'Donnell on Tuesday accused Congresswoman Michele Bachmann (R-Minn.) of being a socialist. "The Last Word" host, who has admitted on national television to himself being a socialist, did so by cherry-picking from an article published at the perilously liberal website "The Huffington Post" (video follows with commentary and full transcript at end of post):

New York Times economics reporter Catherine Rampell’s front-page story Saturday on Arizona imposing limits on federal unemployment benefits it provides, “For  Want of a Word, Arizona’s Jobless Lose Checks,” is the latest Times story to fiercely defend unimpeded spending on unemployment benefits. Previously this year, Times reporters had questioned  “deepest and most far-reaching” cuts in…

On NBC's Sunday Meet the Press, host David Gregory took on an alarmist tone as he worried that any significant attempts to address the nation's enormous debt could lead to violence: "Look at the images that came out of Greece this week as you've got...big cuts in public spending. And this is the result, rioting in the streets....Could we have that kind of reaction here?" Gregory posed that…

Update, June 20, 12:30 p.m.: Revised to reflect another AP math error not caught the first time around. Update 2, June 20, 3:20 p.m.: The AP has issued a correction indicating that lost sales taxes are $23 billion and teachers' salaries which could be paid are 460,000. The contradiction explained below about California's claim that it is failing to collect only $200 million (less than 1% of…

Gosh, I would have thought that someone in Wisconsin's or America's labor movement would have caught Scott Bauer's clear June 15 understatement of the net pay hit many unionized public sector workers in the Badger State will be taking as a result of 2011 Wisconsin Act 10, commonly known as the "Budget Repair Bill," once the law's provisions become effective on July 1. That error is in the…

Newsweek's Evan Thomas on Friday tried to float the typical media meme that neither Party is doing anything to solve our nation's budget crisis. Unfortunately for him, fellow "Inside Washington" panelist Charles Krauthammer accurately noted that the Republicans have offered a proposal to cut $6.6 trillion in the next ten years, "but the Democrats have done nothing except to demagogue the plan…