National Debt

Republicans and Democrats both seem to have come up short of a debt deal they really like. Many Republicans wanted more cuts, while many Democrats wanted more taxes on the rich. Both sides technically got something good out of the deal, but neither side is satisfied. One person that might have emerged as a winner, though, is President Obama, who supported a deal that will push any fiscal…

At the conclusion of a fractious national debate about the debt ceiling, a truly marvelous moment occurred Monday when Congresswoman Gabrielle Giffords (D-Ariz.) returned to the House floor after being shot in the head almost seven months ago. Apparently unable to control himself, the sadly getting more and more disgraceful Chris Matthews chose to mar the emotional homecoming by connecting…

Two network anchors, 24 hours apart, cued up House Minority Leader Nancy Pelosi to despair from the left how the debt ceiling deal, presumably because of some future potential slight reductions in the projected rate of spending increases, will “hurt real people” as NBC’s Brian Williams asked her to confirm her “fear” that “the poor are gonna get hurt and the rich are gonna get by without harm…

Today Tucson congresswoman Gabrielle Giffords (D-Ariz.) cast her first vote since she was critically injured in a January shooting. You'll recall that in the weeks that followed, the media bemoaned the incivility -- supposedly predominantly conservative in nature -- of the political debate which had allegedly created a climate of hate. But there appears to to be no firestorm over how, just…

An unhinged Chris Matthews on Monday decried the debt ceiling deal negotiated in Congress, attacking Tea Party Republicans as a group of baby-kidnapping terrorists. He also bizarrely described the compromise as "political polygamy." Talking to Jonathan Chait of the New Republic, Matthews excoriated, "Why did [Obama] let this develop for six months...this drum roll of the Republicans saying…

Better late than never, perhaps, but in Sunday’s paper the Times noted that “Lowering Nation’s Credit Rating May Have Little Effect, Economists Suggest.” The article, by Binyamin Appelbaum article, was buried on page A14 (emphasis mine):

On Monday's "Martin Bashir," MSNBC analyst Jonathan Alter proclaimed that America would "be in a depression now if there had been a balanced budget amendment in 2009." Bashir, concurring with the former Newsweek editor, added, "Indeed." Reacting to Rep. John Boehner's (R-Ohio) press conference about the debt-ceiling deal, Alter and Bashir mocked the speaker's suggestion that a balanced budget…

Roll Call "Political Wire" editor Taegan Goddard selected a drawing by liberal Arizona Daily Star political cartoonist David Fitzsimmons for his August 1 "Cartoon of the Day." The cartoon (embedded after the page break) depicts a battle-scarred U.S. Capitol and White House in 1942 outside of which Nazi and Japanese Empire flags fly in lieu of the Stars and Stripes. A speech balloon coming from…

In a discussion with Meet the Press host David Gregory and Tom Brokaw on Monday's NBC Today about the debt ceiling deal, co-host Ann Curry contemptuously wondered: "...do you think that members of the Tea Party Caucus know how to govern or are they – do they understand that standing up for a cause is not the same as governing?" [Audio available here] Interestingly, Brokaw rejected Curry's…

For the past month, as the debt talks slogged on in Washington, the so-called mainstream media unleashed increasingly hysterical attacks on the Tea Party and anti-tax hike conservatives — epitomizing the liberal elite’s supreme annoyance at the push to curb federal spending and contain the size of government. The media’s disdainful language has ranged from the merely condescending (wondering…

In a front-page “news analysis” piece this morning, Times national political correspondent Jeff Zeleny pronounced that “After a Protracted Fight, Both Sides Emerge Bruised.” Yet Zeleny’s analysis was chock full of the typical liberal bias slant that puffs up President Obama, slams the Tea Party as “intractable” and ignores the partisanship of liberal Senate members, particularly Harry Reid (…

In an interview with White House advisor David Plouffe on Monday's NBC Today, co-host Matt Lauer worried about liberals being unhappy with the proposal deal on the debt ceiling: "So did the President compromise here, David, or did he give in simply so that he wouldn't be labeled as the president who was on duty as the nation defaulted on its financial obligations?" Plouffe defended the plan…

Good Morning America's George Stephanopoulos on Monday hit senior White House advisor David Plouffe from the left, highlighting liberal columnist Paul Krugman's complaints about the debt ceiling deal. The morning show also played up a Democratic congressman's attack that the bill is a "Satan sandwich." Quoting from the New York Times' Krugman, Stephanopoulos fretted, "Paul Krugman in the New…

Late last night, President Obama announced that Democrat and Republican leaders had agreed on a plan with Obama's approval to raise the debt ceiling. The plan would prevent any possible defaults that could occur on August 2 if the deal is not passed in Congress. The plan is still subject to congressional approval, and many Democrats and Republicans are already speaking out against it. Check…