In Report on November Deficit, AP's Crutsinger Miscasts Post-9/11 Econ
Uncle Sam's Monthly Treasury Statement for November came out yesterday. The results: Tax collections through two months of the fiscal year are up 4.4% over fiscal 2010; spending is down 5.5%, but only because about $31 billion in checks which would ordinarily have gone out on October 1 (a Saturday) were sent on September 30; and the deficit of $235 billion is $55 billion less than last year.…
NB Interview: Peter Schiff on Media and the Economy, OWS
For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk."
On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather…
RINO Joe Scarborough Slams Gingrich and Romney as RINOs
MSNBC's faux conservative Joe Scarborough dismissed the conservative credentials of Republican front-runners Newt Gingrich and Mitt Romney while promoting Jon Huntsman – the GOP darling of liberals like Jimmy Carter.
Scarborough's Politico op-ed ripped Gingrich and Romney for flip-flopping on issues like abortion and global warming. He strangely ignored the time where Huntsman, MSNBC's…
Ron Christie Schools Chris Matthews: 'The Facts Get in the Way of a Go
MSNBC's Chris Matthews on Monday perfectly demonstrated that he is willing to contentiously debate issues with conservative guests without regard for the truth.
In the middle of a Hardball segment about the Democrat proposal to extend the payroll tax holiday, Matthews ignorantly accused the far more knowledgeable Ron Christie of "complicating" the discussion leading his guest to marvelously…
Krugman Calls for Higher Taxes Than Under Clinton
You knew this was coming.
Nobel laureate Paul Krugman - might he finally be realizing that our budget deficits can't possibly be solved by just eliminating the Bush tax cuts? - is now calling for marginal rates even higher than when Bill Clinton was in office:
Sam Donaldson and Cokie Roberts Defend Obama's Lack of Super Committee
There was a rather telling moment on ABC's This Week Sunday.
When during the Roundtable segment the Washington Post's Michael Gerson criticized Barack Obama for his lack of leadership involving the now failed Super Committee, Sam Donaldson and Cokie Roberts quickly came to the President's defense (video follows with transcript and commentary):
AP's Kuhnhenn Runs Interference for Washington Doing Nothing About Deb
It seems that everyone in Washington believes that there is zero chance of any kind of economic calamity befalling this nation until January 2013, even though the government is on track to stay on self-destructive autopilot until then. I do not understand how or why anyone can be that confident.
Jim Kuhnhenn at the Associated Press, aka the Administration's Press, almost gleefully…
MSNBC: Americans Just Don’t Pay Enough Taxes – Period
If you had the misfortune of watching Weekends with Alex Witt on MSNBC Saturday morning, you sadly were treated to four minutes of propaganda about how we Americans just don’t pay enough taxes – period!
CQ Roll Call’s David Hawkings was invited on to misinform the gullible about Americans’ tax rates being too low, corporations shirking their tax responsibilities, the poor paying more than…
Charles Krauthammer Shuts Up Nina Totenberg: 'I'm in the Middle of a S
Syndicated columnist Charles Krauthammer and NPR's Nina Totenberg had a humorous exchange on PBS's Inside Washington Friday.
After mocking Totenberg for the "surprise" of her giving Democrats on the Super Committee credit, Krauthammer scolded her for constantly interrupting him saying, "I'm in the middle of a sentence, and I am going to get to the end, and I will let you know with punctuation…
CBS: 'Root of Stalemate' Was GOP Push to 'Cut' Taxes for Everyone
On last night's CBS Evening News, correspondent Nancy Cordes listed one and only one sticking point in the failure of the so-called "supercommittee" to reach a deal, and that was, she said, how "Republicans on the supercommittee were pushing to make the Bush-era tax cuts permanent for everyone."
And only one politician, Democratic Senator and supercommitee member John Kerry, was permitted to…
CNN's Alina Cho Tells John Kerry He Said Something That 'Sounded Very
Was Alina Cho flirting with Senator John Kerry (D-Massachusetts) on CNN Monday?
While discussing the Super Committee's failure on American Morning, Cho oddly said to her guest, "Just yesterday on Meet the Press you said there were things you agreed to that you didn't want to talk about public, which sounded very sexy I might add" (video follows with transcript and commentary):
CBS's Hill to Norquist: Why Not 'Compromise' More on Taxes
CBS's Erica Hill urged "conservative activist" Grover Norquist to influence the members of Congress who have signed his no tax hikes pledge to consider raising taxes during an interview on Monday's Early Show: "There's still not a lot getting done in Washington, even with some of the compromise. So why not push those people to maybe do a little bit more?"
Hill pressed the idea of compromise…
GOP Senator Educates CNN Host: 'Your Job Is Not to Convince Me
When CNN's Carol Costello admitted to Sen. Jon Kyl (R-Ariz.) her inability to convince him that Republicans on the super committee didn't raise enough tax revenue, he simply responded that "your job is not to convince me."
In an interview during the bottom of the 8 a.m. hour, the senator had finished explaining how Republicans had proposed to get rid of tax loopholes. The proposal had come…
NBC's Gregory to Kyl: 'Real Deficit Hawk Republicans' Want Tax Hikes
While grilling Arizona Senator Jon Kyl on NBC's Meet the Press on Sunday, host David Gregory tried to bolster the argument for tax increases: "The Bush tax cuts...real deficit hawks, many of them happening to be Republicans....said let them all expire for everybody. For the rich, for the middle class. If you really want to get serious about the deficit, let the Bush tax cuts expire for…
