Taxes

Two days after Anderson Cooper described President Barack Obama as the "adult" in a room of unruly Republicans, Obama reportedly stormed out of a heated discussion on debt negotiations yesterday due to his frustration with House Majority Leader Eric Cantor. Also yesterday came a stern reminder from House Minority Leader Nancy Pelosi that the president has repeatedly listened to the concerns…

 On Wednesday’s The Ed Show, MSNBC analyst and Bloomberg View columnist Jonathan Alter claimed that the "massive tax cuts" of the Bush administration did not create jobs, and went on to credit former President Clinton for the low unemployment rate that existed during the Bush years. He ended up lecturing fellow panel member Judson Phillips of Tea Party Nation that Tea Party activists would…

America's only admittedly socialist member of Congress said Wednesday that he disagreed with President Obama's comments concerning Social Security checks possibly not going out on August 3rd if the debt ceiling isn't raised. When Sen. Bernie Sanders (I-Vt.) said he felt checks to seniors and disabled vets would be issued no matter what, the host of MSNBC's "The Ed Show" responded, "So you…

At the Associated Press, the task of reporting on the official results of Uncle Sam's June Monthly Treasury Statement fell to Christopher Rugaber instead Marty Crutsinger. Next time, Chris, tell us what happened in the month you're covering instead of going almost exclusively with the federal government's year-to-date results. If Rugaber had looked more closely at June, he would have had to…

Chris Matthews on Wednesday gave a lesson on utterly shameless fear-mongering. In the final segment of MSNBC's "Hardball," the host said, "Failure to act on the debt ceiling will create a horror for our country, a horror we’ve never seen before" (video follows with transcript and commentary):

James Pethokoukis of Reuters published a chart Tuesday demonstrating exactly why all the hysteria about a debt default or missing Social Security check payments is a bunch of nonsense. If America's news outlets were actually interested in disseminating the truth rather than fear-mongering, this chart or something like it would be part of every report involving the debt ceiling:

As a result of Scott Pelley's interview with President Obama on the "CBS Evening News" Tuesday, the media are once again scaring seniors with the absurd notion Social Security checks won't go out in August if the debt ceiling isn't raised. An examination of the video and transcript of the relevant sections of this exchange bring into question whether or not that's actually what the President…

In an interview with radio host Laura Ingraham on Tuesday's NBC Today, co-host Matt Lauer fretted over the lack of a deal on raising the debt ceiling and called on Republicans to abandon their opposition to tax increases: "When it comes to taxes, this issue of revenues, is there any way this deal gets done without the Republicans compromising somewhat on taxes?" [Audio available here]…

CNN's Anderson Cooper and Gloria Borger took turns casting President Barack Obama as the centrist 'adult' in a room teeming with unruly Republican children who would rather invite economic calamity than compromise on a debt-reduction plan. Discussing a topic that would have made a perfect "Keeping Them Honest" segment, Cooper insisted, incorrectly, on Monday's "AC 360" that the Democratic…

Martin Bashir Monday falsely accused former Alaska governor Sarah Palin of calling President Obama a sugar daddy. Not only did the MSNBC host badly misinterpret Palin's words, he clearly doesn't understand what a sugar daddy is (video follows with transcript and commentary):

While Democrats and Republicans struggle to make headway in debt- and deficit-reduction talks in Washington, former President Bill Clinton pontificated in a recent issue of Newsweek about his own solutions for our sluggish economy. I don't agree with all of Clinton's "14 ways to put America back to work," but I definitely believe he's right about one of them: cutting corporate taxes. Yes, you…

President Barack Obama and congressional leaders seeking to negotiate a deal to increase the legal limit on the federal government's debt, would need to agree to increase that debt by $615.865 billion between now and Sept. 30, just to keep the government going at current spending levels, according to the CBO's latest estimate of the fiscal 2011 deficit and the Treasury Department's latest…

At a White House press conference today, President Barack Obama said that "professional politicians" understand the debt crisis better than "the public." 

In an interview with Tim Pawlenty on Sunday's NBC Meet the Press, host David Gregory cited New York Times columnist David Brooks slamming Republican opposition to tax increases in debt ceiling negotiations as "fanaticism" and proclaimed: "There is this purity test which is no tax increases, no revenue increases at all." Pawlenty responded by pointing out Brooks's liberal leanings: "Well,…