deficit

Chris Van Hollen Allows Former Bush OMB Director To Fearmonger Over Debt And Deficit
Here's how you lose an argument on economics on Faux "news." Allow the right to frame the debate and give those responsible for wrecking our economy a pass for their behavior. Read more...
Fox Celebrates Fifth Anniversary Of Stimulus By Spreading GOP Zombie Lies On Recovery
On the fifth anniversary of the passage of the American Recovery Act, Fox "news" was happy to help Republicans continue to tell the same zombie lies they've been spreading for years on what's holding back economic growth. Read more...
Fox News, do you ever tell the truth? Read more...
On January 7, 200--two weeks before Barack Obama took the oath of office--the Congressional Budget Office forecast the federal budget deficit for fiscal year 2009 at $1.2 trillion. Now, the CBO is projecting the deficit will be only $642 billion for FY 2013, $200 billion less than the nonpartisan budget scorekeeper estimated as recently as February. Read more...
Obama explains that the differences in Republican objectives for the budget are just too far off from the Democratic objects to achive a Grand Bargain. Also, there is no immediate debt crisis that necessitates gutting Medicare, Medicaid, or Social Security. Read more...

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It looks like Bill O'Reilly still isn't finished spreading the same lies he was telling when he had his meltdown on air with Alan Colmes last week, because he decided to devote his Talking Points Memo and the opening segment of his show this Monday to defending and repeating those same lies -- and as Media Matters noted, despite getting his facts wrong again, O'Reilly claimed his "righteous anger" elevated the conversation about the debt. Read more...
When it comes to the unprecedented Republican debt ceiling hostage-taking that precipitated Washington's "cliffhanger," PBS Frontline missed the forest for the trees altogether. Read more...
The Fox & Friends hosts were so busy obsessing over cuts to "entitlements" and carping about spending that they neatly avoided talking about helping the middle class and boosting employment. Read more...
When the greed, recklessness, and illegal behavior on Wall Street drove this country into the deepest recession since the 1930s, the largest financial institutions in the United States took every advantage of being American. They just loved their country - and the willingness of the American people to provide them with the largest bailout in world history. In 2008, Congress approved a $700 billion gift to Wall Street. Another $16 trillion in virtually zero interest loans and other financial assistance came from the Federal Reserve. America. What a great country. Read more...
In his weekly address, the president urged Congress to strike a compromise deal to avert $85 billion in automatic cuts. What we've accomplished thus far: "Over the last few years, Democrats and Republicans have come together and cut Read more...