Posts Tagged: deficit

Mainstream Media Falls in Love With Paul Ryan

The liberal mainstream media has fallen in love again. This time it’s with Wisconsin’s Republican Representative Paul Ryan and his “Roadmap for America’s Future” version 2.0. Everything’s version 2.0 these days, but in Ryan’s case, his roadmap to “solve America’s long-term economic and fiscal crisis” is really more of a 1.1 version. You see Newt… Read more »

Krugman Calls Out Deficit Fear-mongering

Here we go again. Just like in 2003, groupthink is sweeping the nation. When the war drums were beating their loudest to attack Iraq, the media and pundits were onboard with the Bush administration lies. No one challenged what everyone knew to be true – that Saddam Hussein had weapons of mass destruction and he was going to attack the US. Now seven years later, we’re back at it again, but this time it’s that deadly deficit that will surely kill you and your family before the year is through.

President Obama on the FY 2011 Budget (Full Transcript and Video)

THE PRESIDENT: Good morning, everybody. This morning, I sent a budget to Congress for the coming year. It’s a budget that reflects the serious challenges facing the country. We’re at war. Our economy has lost 7 million jobs over the last two years. And our government is deeply in debt after what can only be described as a decade of profligacy.

Friedman on the fence

The New York Times columnist Tom Friedman likes to position himself as a centrist. He’s pro-war, pro-environment, pro-business, and I guess against deficit spending. I usually agree with about 60 percent of what he writes. The problem is that he works too hard to sit precariously on the fence. In today’s column he says that deficit spending is bad and that liberals will have to sacrifice some of their social programs to balance the budget, but as usual Friedman overlooks the glaring $500 billion defense budget.