NYT: Debt Ceiling Woes Caused By Bush Tax Cuts and GOP Refusal to Rais
The New York Times on Friday once again proved itself to have absolutely no clue how budgets work.
In its editorial "Negotiating the Debt Ceiling on a Knife's Edge," the Times - like so many other math-challenged "news" organizations in America today - blamed the current debt ceiling woes on the Bush tax cuts and Republican refusal to raise revenues:
AP Acts As If Misunderstood 'Minnesota Nice' Is at Stake in State Govt
I had to do a double take when I looked over this afternoon's dispatch out of St. Paul, Minnesota from Patrick Condon of the Associated Press.
Readers unfamiliar with the Gopher State budget impasse to this point would fail to learn from the AP report that the dispute is all about raising taxes. Democratic Governor Mark Dayton wants tax increases on "the wealthy" (which really means high…
Mis-Tweetment: Reuters Falsely Tweets That GOP Is OK With $150-200B in
Wednesday afternoon, BigJournalism.com editor-in-chief Dana Loesch reported that Arizona Senator John Kyl had been on the receiving end of what I would call "mis-tweetment" at the hands of someone irresponsibly chirping away at Reuters.
The Reuters tweet stated that "Republicans have agreed to $150 billion to $200 billion in increased tax revenues as part of budget talks," and claimed Senator…
David Gregory's Obama-Spin of the Day: If Democrats Make the Hard Choi
NBC's David Gregory challenged House Majority Leader Eric Cantor on Thursday's Today show, insinuating that Republican efforts to include tax cuts along with closing tax loopholes is not an effective compromise if Democrats are willing to cut entitlement spending.
Gregory seemed to frame the debate around whether Republicans would make the "tough" choice of not cutting taxes, since Democrats…
Reuters Ignores Projected August Debt Payments in 'Exclusive' About Pr
Reuters on Thursday issued what it called an "exclusive" report about the Treasury department "secretly" weighing options to avert a default if the debt ceiling isn't raised by August 2nd.
In the piece, the authors shared with readers the amount of tax revenue Treasury projects it will collect in August as well as projected Social Security payments, but conspicuously ignored what the…
Schieffer Bemoans 'Draconian' Cuts From Both Parties to Education, Poo
CBS's Bob Schieffer took on the role of a left-wing activist on Sunday's Face the Nation, as he pressed all four of his guests from both parties about cuts in state and local spending. Schieffer bewailed how both Republican Governors John Kasich and Scott Walker "cut deeply into education" and asked Democratic Mayor Antonio Villaraigosa if he felt good about making "draconian cuts" [audio clips…
CNN Anchor Uses David Brooks to Press Jim DeMint on Debt Ceiling Stand
American Morning co-host Christine Romans used David Brooks' words to press Sen. Jim DeMint (R-S.C.) Wednesday on the stubbornness of conservative Republicans in the debt ceiling debate. Brooks, the faux "conservative" writer for the New York Times, wrote a scathing column Monday hitting Republicans for their refusal to accept Democrat "compromises" in the debt ceiling debate.
Romans twice…
Sen. Majority Whip: ‘I Don’t Disagree With Paul Ryan’‘Reduce C
Senate Majority Whip Dick Durbin praised Rep. Paul Ryan’s (R-Wis.) willingness to work on entitlement reform while on the Senate floor Wednesday stating, “I don’t disagree with Paul Ryan saying we have got to look honestly at Medicare.”
White House Uses Progressive Media Director to Bully Conservatives on
Friday afternoon, the White House quietly released its annual report to Congress on White House staff salaries. Among the employees is the infamous director of progressive media and online response, Jesse Lee, who is paid $72,500 a year to provide White House sanctioned responses to any negative press it receives.
The position, which was previously part of the privately-funded DNC's rapid…
Open Thread: Obama's Twitter Town Hall
In another effort to engage the online community once bubbling with support for President Barack Obama, Obama will participate in a Twitter town hall today at 2 pm EDT to answer questions on jobs and the economy posed by Twitter users with the hashtag #askobama.
The questions Obama answers will be handpicked by Twitter staffers and pre-selected Twitter users, who will be tracking the…
On the Economy's Condition As Worse Than When Obama's Term Began, Mitt
On Friday, at its Political Hotsheet, Corbett B. Daly at CBS News, who joined the network in late May after leaving Reuters, appeared to virtually celebrate what he believes was the latest of Mitt Romney's flip-flops.
Though it's clear that Mr. Romney has flip-flopped in the past on a number of matters, it's hard to see how Daly or any of the other flip-flop scorekeepers has a case -- at…
Media's Debt Ceiling Hysteria Ignores How Bonds, Budgets and Taxes Wor
If you believe every word uttered by hysterical news anchors and political commentators lately, you would think the world ends August 2nd if the debt ceiling isn't raised.
Not only isn't this true, it's another indication of the press's total ignorance about our nation's budget and/or their willingness to lie to the American people in order to get taxes raised.
Let's start our truth dig by…
Open Thread: Sen. Rand Paul's Debt Ceiling Filibuster
With the deadline for raising the debt ceiling looming less than a month away, there are mixed feelings about raising the debt ceiling among debt-conscious politicians who are hesitant to give more spending power to the government. The Treasury Department has given August 2 as the estimated date on which the U.S. will no longer be able to meet fiscal obligations if the debt ceiling is not…
Fareed Zakaria: Ending Bush Tax Cuts Would Solve Budget Deficit
There are times when the idiocy oozing from the mouths of America's television commentators sickens me.
Consider Fareed Zakaria, who after telling NPR Friday, "CNN is getting smarter," actually said on the program bearing his name two days later that allowing the Bush tax cuts to expire "would provide the federal government with $3.9 trillion in revenues over the next decade and basically…
