Budget

Filling in for Bob Schieffer on Sunday's Face the Nation, CBS's Harry Smith grilled Minnesota Congresswoman Michelle Bachmann on Republican efforts to repeal ObamaCare: "One of the things the Tea Party has talked about is dismantling health care. And we're wondering if, in the end of the day, that ends up being a fool's errand...it will face a certain veto. Is it worth the effort to try to do…

What kind of an idiot must you be to believe that tax cuts have an equal dollar for dollar negative impact on a government budget as spending increases do? The most obvious answer given the charge of this website is a liberal media member, and the Washington Post's E.J. Dionne nicely proved this point with his column Monday:

John Lindsay might have been the worst mayor in NYC history. Epitome of the limousine liberal, Lindsay nearly bankrupted the Big Apple. But that hasn't stopped Jon Meacham from lauding Lindsay as  "one of the greatest mayors in New York history."  The former Newsweek editor bestowed the honorific title while appearing on today's Morning Joe. Meacham's comment came in the context of grouping…

 On Saturday’s CBS Evening News, correspondent Bob Orr filed a report on the incoming Republican congressional freshmen, and, after noting that Rep.-elect Allen West was taking a "hard line" on federal spending, and after showing a clip of the Florida Republican raising doubts about compromising "your principles," the CBS correspondent used the cliche "partisan bickering" as he warned that such…

 On Friday’s Inside Washington on PBS, host Gordon Peterson used the term "free lunch" to mock Republicans who wish to avoid tax increases while trying to restrain the federal budget deficit. After panel member Jeanne Cummings of Politico predicted a tough fight in Congress over spending, Peterson turned the conversation to Washington Post columnist Colby King. Peterson: "Hold the line on taxes…

When the legislators and good-government people who drafted the law requiring the Government Accountability Office (GAO) to audit and render an opinion on the financial statements of the federal government as a whole and the major departments within it, they must have known that early-year results would not be very pleasant. But I also suspect that they thought the shame of being exposed as…

To those who have spent time following new reports emanating from the Associated Press, it's not exactly a secret that many of the alleged journalists who work there are having difficulty with the idea that there will be a new Republican majority in the House during the next two years. A further annoyance is that many members of that majority, especially the newer ones, hold sensible,…

St. Louis Tea Party co-founder Dana Loesch took on CNN's Eliot Spitzer Monday evening in a classic battle between Right and Left. From the opening bell, Loesch gave Spitzer a much-needed education on how extending existing tax rates isn't a tax cut (video follows with transcript and commentary):  

On Monday's Good Morning America, ABC's George Stephanopoulos took a skeptical tone during an interview of liberal Senator Chuck Schumer concerning a new report from Senator Tom Coburn, which pointed out the 100 most wasteful federal government projects of 2010: "He [Coburn] says there are hundreds of billions of dollars of waste. Do you buy that?" Stephanopoulos turned to Senator Schumer…

Nearly 80 percent of the $858 billion “cost” of the compromise tax bill signed Friday by President Barack Obama is, per a Congressional Research Service estimate, from the $675 billion over the next ten years the government would have received if income tax rates were raised, a perspective widely adopted by network reporters and hosts who assumed just keeping rates at their current levels…

Did you know that the "big new tax law" signed by President Obama yesterday "will save taxpayers, on average, about $3,000 next year," and that it will have "tax breaks for being married, having children, paying for child care, going to college or investing in securities"? Don't spend that extra $3,000 yet, because it mostly won't be there. With the only major exception being the 2-point cut…

With a huge bipartisan majority, the House passed Obama's tax compromise plan Thursday evening 277 to 148.  139 Democrats voted for the measure with only 36 Republicans voting against it. As a result, Charles Krauthammer said in the Washington Post Friday the GOP made a huge mistake supporting this plan, and that this victory by the President clears the way for his reelection:

The morning after a contentious vote in which over 100 House Democrats revolted against the Democratic president's proposed tax package, NBC congressional correspondent Kelly O'Donnell chose to frame the debate as a resounding victory for the White House. Appearing on MSNBC's "Daily Rundown" today, O'Donnell was only willing to admit "some" Democratic opposition to the extension of current…

As one of the liberal media members that have expressed feeling betrayed by the President's recent tax compromise proposal, Ed Schultz on Wednesday said Barack Obama did a better job of selling the Bush tax cuts than George W. Bush ever did. So dismayed by today's 81 to 19 Senate vote in favor of the measure was the host of MSNBC's "The Ed Show" that he asked Nation magazine editor Katrina…