Taxes

CBS’s Bob Schieffer hit Republican New Jersey Governor Chris Christie from the left on Sunday’s Face the Nation, claiming he has “demonized” teachers and urging him to give some “straight talk” about the necessity to raise taxes. After asking if he thinks “Governor Walker out there in Wisconsin has gone too far?” in trying to end collective bargaining, Schieffer ludicrously asserted “…

When all you have is a hammer, everything looks like a nail. Over the last decade, New York Times columnist Tom Friedman has written on the costs of the Iraq war, the federal deficit, the threat of global warming, and the uprisings in the Arab world. In Friedman’s view, all these problems have one simple solution: A $1-a-gallon hike in the gas tax.   In his Wednesday column, “If Not Now…

"Morning Joe" co-host Mika Brzezinski and regular guest John Heilemann both pulled the class warfare card and pressured Wisconsin Gov. Scott Walker (R) Tuesday on why he did not raise taxes on the wealthy to cover the state's budget shortfall, rather than pushing to require union members pay into their pensions. "You're receiving a lot of criticism for only asking the other side to give,…

New York Times columnist Paul Krugman on Friday made the idiotic claim that House Republicans are stealing food from babies and pregnant women. Later that evening, appearing on PBS's "Inside Washington," syndicated columnist Charles Krauthammer demonstrated just how foolish Krugman's assertion was (video follows with transcript and commentary):

Interviewing Donald Trump this morning, MSNBC's Chris Jansing put on her Democratic strategist hat to press the Republican real estate mogul with liberal talking points. After Trump, responding to Jansing's question about what he would do to fix the economy, suggested cutting taxes to spur economic growth, the host of Jansing & Co. groused: "A lot of people sitting out there, with all due…

Something rather shocking happened on MSNBC Wednesday. Not only was a compliment given to a Republican, but on the "Dylan Ratigan Show," it was said by a Washington Post columnist about a GOPer that is actually admired by conservatives (video follows with transcript and commentary):

President Obama and the Democrats have spent trillions of dollars in the past two years without successfully growing the economy enough to produce jobs. Despite this immutable fact, MSNBC's Chris Matthews on Tuesday's "Hardball" said government spending is a far better stimulus than cutting taxes (video follows with transcript and commentary):

The three nightly news broadcasts on Monday touted Barack Obama new spending as "investments," highlighted victims of White House cuts and ignored key facts about the President's 2012 budget. Evening News reporter Chip Reid used the preferred White House language, asserting, "But the President unveiled his budget at a technology school to highlight new investments, especially in education…

With the unveiling of Obama's 2012 budget today, some newspapers around the country framed the $3.7 trillion proposal as a serious attempt to slash the federal deficit. The Washington Post, The Boston Globe, the Daily Herald, the Fort Worth Star-Telegram, and the DC Express, couched the administration's massive budget as a fiscally responsible plan that makes "deep" and "big" cuts to "rein in…

On Monday, President Obama announced that 2011's budget deficit is going to be an all-time high $1.65 trillion. In an interview with Fox News's Bill O'Reilly later in the day, ABC's George Stephanopoulos predictably blamed the red ink on former President George W. Bush (video follows with transcript and commentary):

In his lifetime, Princeton economics professor and Nobel Laureate Paul Krugman has published 20 books, over 200 papers, and since the year 2000 two columns a week at the New York Times. Clearly without understanding the irony of his question, the man once accused by the Gray Lady's ombudsman of possessing a "disturbing habit of shaping, slicing and selectively citing numbers" asked his…

Of the three morning shows on Monday, only ABC's Good Morning America aggressively pushed the Obama administration on a lack of substantial cuts in the 2012 budget. NBC's Today and CBS's Early Show either downplayed the issue or didn't fully explain the President's new spending. ABC's Jake Tapper declared that Obama's plan "shows that the President will not take the lead in any aggressive…

According to a new History Channel special on Ronald Reagan, the profound economic recovery of the early '80s can be credited to "the Reagan tax increases." The February 9 program contained this odd assertion while highlighting the President's path to reelection in 1984. Of course, the Economic Recovery Act of 1981 actually cut the top marginal rate from 70 percent to 50 percent. Despite…

The 2011 budget shortfall, which is the responsibility of the previous Congress, is now projected to be $1.65 trillion. If accurate, this means that since the Democrats took over Congress in 2007, we have posted over $5 trillion in deficits.