National Debt

As has been expected, despite the recently reached debt deal, America's debt got downgraded tonight by credit ratings agency Standard and Poor's. In an analysis posted on its website, S&P explicitly stated that it "takes no position on the mix of spending and revenue measures," however that is a fact that will likely be glossed over by the self-described mainstream media. There is much…

For the second week in a row, Bloomberg's Margaret Carlson got a much-needed education from Charles Krauthammer on PBS's "Inside Washington." After Carlson gave the typical Keynesian response to Friday's unemployment report - "We’re cutting spending at a time when we should be adding spending to stimulate the economy and jobs" - Krauthammer without skipping a beat quipped, "The way it worked…

While the liberal media scoffed at George W. Bush's "compassionate conservatism" in 1999 and 2000 as gimmicky and insufficient compared to traditional big government social welfare spending binges, they're starting to miss it now. Just ask Time's Amy Sullivan:

We are engaged in a long war — actually two long wars. The first and most commonly accepted of our wars is the long war against Islamofascists. It is not a war against vast armies. Comparatively speaking, it is just a war against a handful of thugs, but they want to strike at our heart, wherever we are ill-prepared, and if they can they will cause incalculable destruction. This we discovered on…

The New York Times on Friday downplayed results in its own poll that found 44 percent of respondents think the cuts in the debt deal didn't go far enough, versus only 15 percent who said "too far." In an article starting on the front page, writers Michael Cooper and Megan Thee-Brenan didn't mention this fact until the ninth paragraph of page A-14.

Last week, New York Times columnist Paul Krugman said conservative views about the debt ceiling should be censored from news reports. On Friday's "Morning Joe," Senator John Kerry (D-Mass.) took this a step further calling on media to stop giving "equal time or equal balance" to Tea Party ideas that people like him consider "absurd" and "not factual" (video follows with transcript and…

Running through the findings of a new CBS News/New York Times poll, on Thursday’s CBS Evening News Chip Reid highlighted how, after weeks of media hostility the Tea Party has lost popularity, as he also located people to illustrate how more wanted, and still want, taxes raised over spending cuts alone. Reid ignored, however, how far more – Republicans, independents, and even Democrats –…

According to the website Politico, Vice President Joe Biden agreed "with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting" that congressional tea party members "acted like terrorists" in the way they stood against attempts to raise taxes and force spending reductions as part of the debt-ceiling deal. Biden denied making the comparison.…

CNBC's Ron Insana asserted on today's "Andrea Mitchell Reports" that the United States does not have a debt problem. "We need more stimulus. We have a growth crisis in this country, not a deficit crisis," argued Insana. He also insisted that Europe, which also has debt problems, should not pursue austerity measures. "I think people might be looking at Europe and saying listen, they need…

Good Morning America's Jon Karl on Thursday placed the blame for a partial shutdown of the Federal Aviation Administration on House Republicans, ignoring the role Senate Democrats have played. 4000 thousand FAA workers have been furloughed, construction projects have been stopped, but Karl complained, "What's the hold up? Republicans are insisting on cuts to a program that subsidizes flights…

The media attacks on the Tea Party are becoming truly deplorable. On Wednesday, MSNBC's Martin Bashir actually brought on an addiction specialist to analyze the nation's most powerful conservative movement, and his opinions were nothing less than vile (video follows with transcript and commentary):

The debt deal, if it sticks, is a triumph for the bipartisan, status quo-clinging Washington establishment. Here is a prediction: Between now and January 2013, total actual spending cuts will be minimal. That will result from the following: (1) The $900 billion deficit reduction is almost all back-loaded to the years beyond 2012. (2) The select committee created by the budget deal will fail to…

Appearing on Wednesday's NBC Today, CNBC Mad Money host Jim Cramer blamed the debt ceiling standoff for stocks falling on Wall Street: "All people can talk about is the whole slow down that Washington triggered, the 'manufactured crisis,' as the President mentioned..." Co-host Ann Curry wondered: "To what degree did the spending cuts called for in this bill have an influence in this perception…

New York Times columnist Joe Nocera on Tuesday viciously attacked Tea Party Republicans as "terrorists" who wore a "suicide vests" during the debt ceiling debate. Continuing the paper's habit of comparing congressional GOP members to murderers, Nocera derided: