National Debt

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…

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…

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:

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…

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…

When it comes to the MSM, it's hard to get more mainstream than Jon Meacham.  Former Newsweek editor. Current Random House editor.  Picked for a Pulitzer Prize. So when someone of Meacham's genteelly liberal ilk unloads on Barack Obama in such stark terms, it's newsworthy.  On today's Morning Joe, Meacham flatly stated his belief that President Obama "doesn't particularly like people and…

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…

Highlighting Grover Norquist’s upcoming appearance on 60 Minutes, CBS’s Bob Schieffer, on Face the Nation, pointed to the anti-tax hike pledge Norquist asks politicians to sign as “one of the problems” undermining the failed “super-committee.” After ruing the pledge with Republican Senator Pat Toomey, a super-committee member, Schieffer later also hit a Democratic Senator, Joe Manchin, from…

Tea Party beat reporter Kate Zernike was back on the reporting scene in a Thursday afternoon “Caucus” post, “A Tea Party ‘Hearing’ in the Senate That Wasn’t.” Zernike surely used up her monthly quota of sarcastic quote marks in this snarky post mocking the unofficial hearings (sorry, “hearings”) held by congressmen who support the Tea Party. By contrast, Times reporter Scott Shane was quite…

Before being tapped to be one of the moderators at CNBC's upcoming Republican presidential debate, John Harwood was ranting against the GOP for causing the summer debt crisis. Appearing on NBC's Today in July, Harwood warned: "...the House Republican caucus...would not accept what President Obama needed to make a deal...It's crazy politics, what they're doing..." When the U.S. later lost its…

While Bob Schieffer spent a goodly amount of time on Sunday's Face the Nation discussing the allegations made against Herman Cain this week as well as Rick Perry's strange speech in New Hampshire, Liz Cheney was the voice of reason asking why he was wasting so much time on these irrelevant issues. "With all due respect, you know, the American people are out there afraid. They're afraid that…

The European Union might completely fall apart any day now as the countries in that region implode under their massive debt. Despite this, CNN's Fareed Zakaria offered another America-hating love letter to the struggling continent Sunday actually claiming, "The American dream seems to be thriving in Europe not at home" (video follows with transcript and commentary):

America's richest man isn't going to make President Obama, the folks in the Occupy Wall Street movement, or their respective supporters in the media happy. Appearing on ABC's This Week Sunday, Bill Gates laughed when asked about the Buffett Rule saying, "You can't raise the taxes we need just by going after that one percent...to really deal with the deficit gap we're talking about, that alone…

There was a truly marvelous exchange between syndicated columnist Charles Krauthammer and NPR's Nina Totenberg on Friday's "Inside Washington." When Krauthammer pressed her on why President Obama didn't embrace the Bowles-Simpson plan to reduce the budget deficit, Totenberg replied, "Don’t make me the spokesman for the White House," leading him to deliciously ask, "What would be new about…