National Debt

New York Times columnist Paul Krugman is not happy with the deal Congress and the President apparently have agreed upon to end the debt ceiling impasse. In his Monday piece, the Nobel laureate wrote, "[T]hose demanding spending cuts now are like medieval doctors who treated the sick by bleeding them":

Barney Frank has to be the biggest sourpuss in Congress. The liberal representative from Massachusetts has made an art form out of ripping out his ear piece and abruptly ending an interview. This testy feller could pick a fight in a phone booth. So Frank would be the last person you'd expect, in commenting on the debt ceiling deal, to break out a classic line from comedian Henny Youngman. …

 During a commentary aired on CBS Sunday Morning, supposedly right-leaning actor and economist Ben Stein blamed the "folly of supply side economics" - singling out President George W. Bush’s tax cuts in addition to President Obama’s spending - for the current federal budget deficit. The CBS contributor also complained that some Republicans have an "inflexible belief" that "low taxes were an…

George Will and Paul Krugman had another great debate Sunday about the role of government spending in stimulating the economy. As the New York Times columnist predictably whined about the need for more federal spending not less, ABC's lone conservative said on "This Week," "It would be good to go to the electorate and have a Krugman election this time, saying: resolved, the government is too…

 On Saturday’s CBS Evening News, correspondent Nancy Cordes seemed to put the burden on Republicans of causing U.S. troops to wonder if they will be paid on time during the budget battle, as a clip of her was shown asked House Speaker John Boehner, "How can you even allow these soldiers to wonder whether they're going to get paid?"

In his roughly 10 a.m. report this morning (HT to an NB emailer), the Associated Press's Steven R. Hurst opened by saying that "The top Republican in the Senate said Congress and the White House were very close to a deal on raising the limit on U.S. borrowing that would avert an unprecedented default on America's debt, ending one of the nastiest partisan fights in recent memory." In his…

Three noteworthy spins, charges and/or claims made on the Sunday morning interview shows. > ABC’s This Week, with “ALL CUTS, NO TAXES?” on screen: George Stephanopoulos hit White House senior adviser David Plouffe from the left on how “this enforcement mechanism would not include revenue increases, would be just across the board spending cuts.” He fretted the deal “all but guarantee that…

Speaking on the floor of the Senate Saturday, Marco Rubio (R-Fl.) said, "If we had a billion dollars for every time I heard the words 'Tea Party extremist,' we could solve this debt problem." Proving his point about the vitriolic name-calling of conservatives so prevalent now, New York Times columnist Thomas Friedman began his most recent piece, "Watching today's Republicans being led around…

The broadcast network evening newscasts on Friday night noted the very anemic second quarter GDP growth rate at 1.3 percent, but instead of stressing how it showed the weak economic state well before the debt ceiling showdown, they submerged it into warnings of how the delay in getting a deal is hurting the economy. On ABC’s World News, Bianna Golodryga, aka Mrs. Peter Orszag, the wife of…

Well, the Washington Post reported it, but it was in the 21st paragraph of a 24-paragraph story on page A11, in an article entitled "White House is divided on how to portray Obama," no less: New polling numbers suggest that voters have been unimpressed with Obama’s performance — with his once-sizable reelection advantage evaporating in a matter of weeks. A survey published this week by…

Throughout his tenure, there have been several facets in which President Obama has been demonstrably weak on leadership, with the debt debate coming to the forefront in recent months.  Now however, lost in that news cycle has been another failure of leadership for the President – his own request to tone down violent rhetoric in this country.  For it was mere months ago that Obama stood in front…

Appearing on MSNBC this afternoon, Time Magazine's Michael Scherer set out to debunk a non-existent Republican red herring on the debt ceiling debate on Friday's News Nation. "The President has been negotiating behind the scenes, has put forward a number of proposals and he's gone public with the outlines of a proposal he is willing to accept," said Scherer.

Bloomberg's Margaret Carlson on Friday accused the Tea Party of wanting "to burn the place down" and having figuratively "strapped explosives to the Capitol" during debt ceiling negotiations. Sitting beside her on PBS's "Inside Washington" was Charles Krauthammer who smartly replied, "I thought post-Tucson we weren’t supposed to accuse our political opponents of being terrorists" (video…

In a "Fareed Zakaria GPS" segment to be aired on CNN Sunday and posted at the network's website Thursday, the host flat out lies about the current debt ceiling debate as well as when and why credit rating agencies began expressing concern about our nation's finances. "Please understand that none of these things are happening because the United States is running deficits," Zakaria falsely…