Budget Lies

Submitted by
CalculatedRisk on Mon, 06/19/2006 - 12:42pm (11 comments)
dryfly wrote on Mon, 6/19/2006 - 1:55 pm

Has anyone told the New York Times? WaPO? Fox News?

pgl wrote on Mon, 6/19/2006 - 3:40 pm

Following up on dry fly - someone should tell Investor's Business Daily. CR - nice catch on who wrote that IBD spin.

CalculatedRisk wrote on Mon, 6/19/2006 - 4:31 pm

dryfly, I've provided this explanation to some mainstream journalists (some good ones). Hopefully they can find a way to expose this nonsense about Bush making progress on the deficit.

Best Wishes.

Robert Campbell wrote on Mon, 6/19/2006 - 7:05 pm

Dryfly and CR,

Why don't the Democrat's call out Bush on these BS govt accounting procedures?

Probably because they do it too, right?

dryfly wrote on Mon, 6/19/2006 - 7:06 pm

Thanks CR - it just drives me crazy that this administration says something (like 'we are three years ahead of schedule') and none of the MSM does any fact checking or questioning. Zip. Nada.

You could write the story for them and they still not get it right.

I can tell you from my travels across Mid-America that almost NO ONE out here reads blogs, few read the more serious papers... if it doesn't get into the MSM it doesn't exist.

David Sternfeld wrote on Mon, 6/19/2006 - 9:42 pm

Everyone feeding at the trough sees and hears that everyone up and down the trough is eating heartily and so each can't fathom anything other than the chomping, chewing, gulping, swallowing, farting and burping of those nearby on either side... It must sound like music and wisdom for as often as it is repeated as if veritable pearls, nay, diamonds of wisdom.

And they just love the Emperor's new threads, too.

Best,

Quiddity wrote on Mon, 6/19/2006 - 11:24 pm

CR: Thanks for that great post. I've been beating that drum for years. We need honest assessments of where we're headed budget-wise.

ac wrote on Tue, 6/20/2006 - 12:39 pm

Hey CR, how about this for a potential topic?

Inflation-Ravaged Wages Fuel Angst at Bush's Economy (Update1) - Bloomberg.com

Inflation wrecking wages apparently. Seems very relevant to the current economic situation esp Bernanke's future plans and maybe housing?

CalculatedRisk wrote on Tue, 6/20/2006 - 12:57 pm

ac, thanks for that article. Declining real wages and income disparity are two very important issues.

Best Wishes.

Hit The Bid wrote on Tue, 6/20/2006 - 1:21 pm

Indeed CR...couple that issue with the alarming disconnect between productivity gains and wage increases. That is THE bedrock foundation that keeps the ballet between labor and capital going--and it seems to be broken due to globalization.

Anyone out there see a scenario other than the real living standards of US workers regressing towards the mean of the rest of the world unfolding?

liberal wrote on Wed, 6/21/2006 - 2:57 pm

Robert Campbell wrote, Why don't the Democrat's call out Bush on these BS govt accounting procedures? Probably because they do it too, right?

Sure, they do it, too. But if you knew anything about the budget process, you'd know it's been far worse under the Republicans.

It's like saying Bush and Clinton both lie---the former about Iraqi WMDs, the latter about a blow job.

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