National Debt

Gosh, isn't it convenient that Associated Press reporter Jim Abrams, in a Wednesday evening dispatch ("Democrats say Obama should invoke 14th Amendment"), was able to find "some legal scholars" who believe that President Obama can invoke Section 4 of the 14th Amendment to the Constitution to ignore the nation's current debt ceiling and have the government go out and borrow more money, but "…

How have we arrived at this place where the fate of our federal budget — our economy, indeed our capacity to have a functioning federal government — seems to depend on what two men (the speaker of the House and the president) may or may not be secretly talking about in an interior room in the White House? Meanwhile, elected representatives and senators, kept ignorant of those life-and-death…

MSNBC's Martin Bashir not-so-subtly suggested Wednesday that House Speaker John Boehner (R-Ohio) is a "baby" who should "go the f*** to sleep" and let Democrats deal with the debt ceiling issue. Anchoring the afternoon program that bears his name, Bashir excoriated Boehner's latest deficit-reduction proposal, which he dubbed a "ludicrous lullaby," blaming the Ohio Republican for "this…

National Review's Jim Geraghty notes today that House Minority Whip Steny Hoyer hasn't gotten the memo on the new tone in Washington. “I think we’re playing Russian roulette with the nation’s credit-worthiness, and unfortunately, all the chambers seem to be loaded on the House side. They want to shoot every bullet they have at the President” said Hoyer on Wednesday's "Morning Joe."

At the top of Wednesday's NBC Today, as co-host Ann Curry declared that "Americans are just fed up with the stalemate" over the debt ceiling, fellow co-host Matt Lauer announced: "The latest setback came last night when House Speaker Boehner was told by the Congressional Budget Office that his proposal would cut spending far less than advertised." In the report that followed, correspondent…

Wednesday’s New York Times lead story on the debt ceiling standoff by Jennifer Steinhauer and Carl Hulse,  “Facing Obstacles, G.O.P. Delays Vote On Plan For Debt – Conservatives Restive – Boehner’s Grip on His Caucus Is Put to the Test in Standoff,” is the second consecutive Times lead overloaded with “conservative” labels, as if only one side of the debate has an ideological motivation.…

If her gig at Time magazine doesn't work out, Jay Newton Small could always try working in Harry Reid's press shop. She certainly knows how to butter up the Senate majority leader. Witness Newton Small's latest Swampland blog post at Time.com where she denounces House Republican debt ceiling plans as "histrionics" while forecasting a resolution to the debt ceiling deadlock that has Reid…

New York Times columnist Paul Krugman on Tuesday said it was a "moral issue" for the press to censor conservative views about the debt ceiling. Quite shockingly, the Nobel laureate took to his blog to complain that the news media are being too fair and balanced in their coverage of this highly contentious issue:

MSNBC's Chris Matthews Tuesday exposed his own debt ceiling hypocrisy without realizing it. As he absurdly asked his "Hardball" guests why America isn't having a "big debate" about what the federal government should pay for - like that's not what's happening at the moment! - he relayed how his parents balanced their household budget, but never once said anything about raising revenues. It was…

During a roundtable discussion on the debt ceiling deadlock on his July 26 program, MSNBC host Dylan Ratigan, egged on by a former Durbin and Biden staffer-turned-lobbyist, argued that the bulk of the national debt was run up prior to the time President Barack Obama entered office, by Republicans:

On Tuesday's NBC Today, co-host Ann Curry touted President Obama trying to scare the American people into supporting his debt ceiling plan: "He called for public activism, so much so that we hear that Capitol Hill web sites were crashing last night because so many people were trying to e-mail their representatives. It looks like he spooked main street...will he also spook Wall Street?" Curry…

On Tuesday's NBC Today, correspondent Kristen Welker portrayed President Obama as the great compromiser while reporting on his Monday night address on the debt ceiling: "...the President still pushed for a balanced approach, cut spending and raise tax revenue....With time running out, the President called for compromise." In contrast, Welker depicted House Speaker John Boehner as stubborn…

In the ongoing budget negotiations, it is becoming quite clear that President Obama, quite contrary to his posturing, is the major fly in the ointment. Even the Democratic leadership is more flexible than President Obama, putting the lie to the oft-stated speculation that Obama is a mere puppet. He is his own counsel.

During an NBC News special report following President Obama's Monday night speech that blamed the GOP for the debt ceiling stalemate, Meet the Press host David Gregory argued the President was doing John Boehner a favor: "...this is a president trying to help the Speaker of the House make the case to freshman Republicans who won't give at all on the idea of tax increases." Gregory declared…