Merriam-Webster defines the word lie as follows:

lie; noun

1 a: an assertion of something known or believed by the speaker to be untrue with intent to deceive b: an untrue or inaccurate statement that may or may not be believed true by the speaker.

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Well, as Joe points out, theres is simply no other way to describe what BillO did in his latest attack against NBC and the "vast left wing media conspiracy" that's out to undermine President Bush and his misadventure in Iraq.