National Debt

The latest Social Security Trustees Report tells us that the program will be insolvent by the year 2037. The combined unfunded liability of Social Security and Medicare has reached nearly $107 trillion in today's dollars. That is about seven times the size of the U.S. economy and 10 times the size of the national debt. Those entitlement programs, along with others, account for nearly 60 percent…

William F. Buckley Jr. once said his job was to "stand athwart history, yelling stop!" If more liberals took this advice, they wouldn't end up looking like two CNN anchors who just don't know when to say no to unsustainable deficit spending. On the eve of a disappointing jobs report in which the unemployment rate rose to 9.1 percent, CNN International's Richard Quest plowed ahead like the…

MSNBC's Chris Matthews on Thursday got a much-needed economics lesson from CNBC's Joe Kernen. In the midst of a discussion about the economy and how it's going to impact the 2012 elections, the "Hardball" host bragged about having studied economics in grad school leading Kernen to marvelously ask, "You studied economics?" (video follows with transcript and commentary):

It never ceases to amaze me what people on MSNBC are willing to say while cameras are rolling. On Wednesday, the perilously liberal Cenk Uygur - with a straight face no less! - told Congressman Brian Bilbray (R-Calif.) in the midst of a budget discussion, "I'm actually a fiscal conservative" (video follows with transcript and commentary):

Rep. Steny Hoyer (D-Md.) made a blatantly inaccurate statement on the "Daily Rundown" this morning that MSNBC anchor Chuck Todd should have, but failed to, call the House minority whip out on. "We went from a $5.6 trillion surplus that George Bush inherited to over a $11-plus trillion debt when George Bush left office," asserted Hoyer.

File this one under: Imagine If The Partisan Tables Were Turned. On her MSNBC show this evening, Rachel Maddow repeatedly mocked Republican Senate leader Mitch McConnell as "little Mitch, the rodeo queen." Maddow was miffed over McConnell's arranging a Senate vote on the raising of the debt ceiling, and by extension the Republican position on Medicare reform.  And so, for about ten--…

On Friday, Newsweek's Evan Thomas said the recent special election in New York's 26th Congressional district proves "demagoguing works" and that former President Bill Clinton is a hypocrite when it comes to Medicare reform. "Inside Washington" co-panelist Charles Krauthammer agreed saying that President Obama is also a hypocrite on this issue, and that "between now and at least until Election…

As recently as last month, Sen. Harry Reid (D-Nev.) was pushing for a clean debt ceiling measure. “You don’t have to have a lot of things attached to raising the debt ceiling. You can do that separately,” he told reporters at an April 14th press conference. Now a House GOP plan to hold a vote on a clean extension of the debt ceiling is coming under fire by Reid. It will send "a terrible…

Charles Krauthammer said Tuesday that the press are so in bed with President Obama that they are actually supporting Democrat lies about Medicare and Congressman Paul Ryan's (R-Wisc.) plan to save it. Appearing on the "O'Reilly Factor," the syndicated columnist also told the host that Fox News is "extremely powerful" because it "broke the monopoly that liberals had on all the media for about…

New facts released by the office of House Budget Chairman Paul Ryan, R-Wis., reveal a hidden tax increase in President Obama's budget proposal. Obama's plan would, these facts demonstrate, impose a 20 percent increase in the top income tax rate - a significantly greater increase than the president has admitted. The news media fancies itself a watchdog, so if the president is going to…

NBC's David Gregory must have thought he had performed another gotcha on a prominent Republican Sunday when he cited a poll to his "Meet the Press" guest Congressman Paul Ryan (R-Wisc.) finding people aren't interested in reducing Medicare spending in order to balance the budget. Without skipping a beat, Ryan marvelously educated his host saying, "I don't consult polls to tell me what my…

If you had any questions as to why Dylan Ratigan belongs on MSNBC rather than CNBC they were all answered Friday night. Appearing on HBO's "Real Time," Ratigan presented himself as a far-left commentator telling the audience of devout liberals, "This entire rhetoric machine from the Republican Party is predicated on an abandonment of arithmetic and fact" (video follows with transcript and…

Ed Schultz on Thursday mocked Congressman Paul Ryan (R-Wisc.) as a young, inexperienced kid who's never run a business, never had to meet payroll, and who offered up a radical plan that he doesn’t know the ramifications of. As the host of the "Ed Show" whined, he clearly missed the irony that these very same things were said about the former junior senator from Illinois prior to Election Day…

When an admittedly liberal Nobel laureate in economics thinks trying to balance the budget is holding America hostage, one has to wonder if there are any adults remaining on the left side of the aisle. Consider what New York Times columnist Paul Krugman wrote Monday: