trillion http://mrc.org/taxonomy/term/4129/all en Fiscal Cliff Deal’s $4 Trillion Price Tag Ignored by 5 out of 6 Shows http://mrc.org/articles/fiscal-cliff-deals-4-trillion-price-tag-ignored-5-out-6-shows <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> On day of the deal only one of the network morning and evening shows mentioned the hefty cost of the deal because of the lack of spending cuts. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>To the chagrin of many conservatives, a deal that would result in tax hikes and lacked spending cuts was passed on New Year’s Day, hours after the the fiscal cliff deadline had passed. <br /><br />Because it didn’t include spending cuts, the Congressional Budget Office estimated that it would cost $4 trillion over the next 10 years. That is $4 trillion on top of a federal debt that already exceeds <a href="http://www.brillig.com/debt_clock/">$16 trillion</a>. During Obama’s tenure he has run annual deficits of $1 trillion or more.<br /></p><p><a href="http://mrc.org/articles/fiscal-cliff-deals-4-trillion-price-tag-ignored-5-out-6-shows" target="_blank">read more</a></p> Articles MRC Business Economy Government Media Politics Taxes 4 trillion abc Barack Obama Budget cbo cbs congressional budget office dave camp debt Deficit fiscal cliff mike conaway Nancy Cordes NBC Norah O'Donnell spending cuts Steve LaTourette tax cuts tax increases This Morning trillion Thu, 03 Jan 2013 22:20:43 +0000 julia.seymour 42137 at http://mrc.org Under Deal, Debt to Rise $12 Trillion and 95% of Network Stories Leave That Out http://mrc.org/articles/under-deal-debt-rise-12-trillion-and-95-network-stories-leave-out <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>If you've been watching the news media react to the debt ceiling deal you might thing some drastic spending cuts were signed into law. After all, ABC made it sound like Congress took a "machete" to the budget and NBC's "Today" wondered if those spending cuts could <a href="http://newsbusters.org/blogs/kyle-drennen/2011/08/03/nbcs-curry-warns-minuscule-spending-cuts-debt-deal-could-harm-economy">harm the economy</a>.<br /></p><p><a href="http://mrc.org/articles/under-deal-debt-rise-12-trillion-and-95-network-stories-leave-out" target="_blank">read more</a></p> Articles MRC Business Government Media aug billion Budget cut cuts deal debt federal network news projected Spending trillion washington years Mon, 08 Aug 2011 17:57:00 +0000 admin 27510 at http://mrc.org Media Leave Out Economists from Stories on Debt Crisis 'Calamity' http://mrc.org/articles/media-leave-out-economists-stories-debt-crisis-calamity <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>The United States is in debt up to its eyeballs - or more realistically the Statue of Liberty's eyeballs. On May 16, America hit the debt ceiling. which is slightly less than <a href="http://money.cnn.com/2011/05/16/news/economy/debt_ceiling_deadline/index.htm">$14.3 trillion.</a> That works out to about $46,000 for every man, woman and child in the nation.<br /></p><p><a href="http://mrc.org/articles/media-leave-out-economists-stories-debt-crisis-calamity" target="_blank">read more</a></p> Articles MRC Business Taxes ceiling cuts deal debt DebtCeiling DebtLimit default Deficit economic economists federaldeficit House june Limit nationaldebt Negotiations networks news president rating Spending tax trillion Tue, 28 Jun 2011 18:12:00 +0000 admin 27518 at http://mrc.org CNN Money Blames Budget Deficit on Tax Cuts http://mrc.org/articles/cnn-money-blames-budget-deficit-tax-cuts <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/paul-wilson-joe-and-betty-anderlik-fellow-culture-and-media">Paul Wilson, Joe and Betty Anderlik Fellow in Culture and Media</a> </div> </div> </div> <p>The liberal news media have long blamed tax cuts for deficit, rather than blaming government spending. CNN Money.com's senior writer, Jeanne Sahadi, repeated this worn out meme again on <a href="http://money.cnn.com/2011/06/08/news/economy/tax_cuts_national_debt/index.htm?source=cnn_bin&hpt=hp_bn3">June 8</a>.<br /><br />Sahadi's piece cited 'two factors' that caused the national debt to "exceed the size of the economy this year:" lower GDP estimate than last year and of course … the tax cuts. <br /></p><p><a href="http://mrc.org/articles/cnn-money-blames-budget-deficit-tax-cuts" target="_blank">read more</a></p> Articles MRC Business Economy Government Media Taxes 2011 billion Budget cuts Deficit obama sahadi Spending tax trillion year Thu, 09 Jun 2011 19:34:00 +0000 admin 27523 at http://mrc.org Networks Stand with Wisconsin Unions, Ignore $1-3 Trillion Pension Deficit for Five Days http://mrc.org/articles/networks-stand-wisconsin-unions-ignore-1-3-trillion-pension-deficit-five-days <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>For roughly a week, a battle has been raging in Madison, Wis. Evening news programs on the three broadcast networks framed these as "citizen uprisings" over pay cuts and "eliminating unions' collective bargaining powers to negotiate wages and benefits."</p> <br /> <p>Reporters also portrayed this as a national union issue, but mostly failed to point out the national problem of pension underfunding.</p><p><a href="http://mrc.org/articles/networks-stand-wisconsin-unions-ignore-1-3-trillion-pension-deficit-five-days" target="_blank">read more</a></p> Articles MRC Business Government Labor Media Taxes AFSCME battle benefits Budget Cato chrisedwards cost national networks pensions public ScottWalker state taxpayers Teachers trillion Union Unions walker Wisconsin workers Wed, 23 Feb 2011 20:05:00 +0000 admin 27537 at http://mrc.org 'Explosive' Debt Commission Recommendations Include $961 billion Tax Hikes http://mrc.org/articles/explosive-debt-commission-recommendations-include-961-billion-tax-hikes <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>Nearly $1 trillion. Certainly that’s a big enough tax hike to warrant prominent mention in a broadcast evening news show – especially after an election fueled by anger against government overspending and potential tax hikes.</p> <br /> <p>Yet, only one of the three broadcast evening shows mentioned that number in its report about the debt commission’s preliminary recommendations that shook Washington on Nov. 10. The preliminary report called for tax cuts, tax increases, a rise in the retirement age, some spending cuts, and changes to Social Security and Medicare.</p><p><a href="http://mrc.org/articles/explosive-debt-commission-recommendations-include-961-billion-tax-hikes" target="_blank">read more</a></p> Articles MRC Business Business Government Taxes report trillion Fri, 12 Nov 2010 01:19:00 +0000 admin 27040 at http://mrc.org Uncritical Condition http://mrc.org/special-reports/uncritical-condition <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/bmi-staff">BMI Staff</a> </div> </div> </div> <p><a href="http://www.mrc.org/bmi/reports/2010/Uncritical_Condition_Executive_Summary.html">See Executive Summary</a></p><p><a href="http://mrc.org/special-reports/uncritical-condition" target="_blank">read more</a></p> Special Reports MRC Business 2008 abc abcs administration admitted agenda AMA america Americans big bill called Cannon care cbs cited claim claims congress cost Costs coverage critics day Debate didnt Doctors electronic experts federal found free good government health House huge included including information institute insurance insurers issue jan johnson johnsons Journalists july june lower made make March market Massachusetts medical Medicare million morning national NBC network networks news number obama obamacare obamas option patients people percent plan plans policy president presidents private problem problems program programs proponents proposals public records reform report Reporters reports run save Senate solution Speech state stories story study system Today told trillion uninsured universal week year york Thu, 04 Nov 2010 21:33:00 +0000 admin 30587 at http://mrc.org Santelli Urges Focus, Debate over Policy, Instead of Tea Party http://mrc.org/articles/santelli-urges-focus-debate-over-policy-instead-tea-party <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>With the elections looming, one of the centerpieces of the news coverage has been on the Tea Party movement and the types of candidates they’re putting forth. But is that where the focus should be?</p> <br /> <p>According to CNBC CME Group reporter Rick Santelli, it’s a peculiar phenomenon that the Tea Party has been debated more than many of the federal government’s costly initiatives including TARP.</p><p><a href="http://mrc.org/articles/santelli-urges-focus-debate-over-policy-instead-tea-party" target="_blank">read more</a></p> Articles MRC Business candidates commission Deficit Elections Keynesian movement point policies president problem RickSantelli Spending TARP TeaParty term trillion Fri, 29 Oct 2010 21:52:00 +0000 admin 27048 at http://mrc.org ABCNews.com Credits Fannie Mae, Freddie Mac for 'Propping Up' Housing Market http://mrc.org/articles/abcnewscom-credits-fannie-mae-freddie-mac-propping-housing-market <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kyle-gillis">Kyle Gillis</a> </div> </div> </div> <p>Apparently, Fannie and Freddie are the new Batman and Robin.</p> <p>At least they seemed more like heroes than villains in a <a href="http://abcnews.go.com/Business/rock-bottom-rates-housing-sector-hangs-thread/story?id=11076822"></a>July 6 ABC News story about the troubled housing market. Reporter Rich Blake gave the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac credit for “propping up” the flailing housing sector:</p><p><a href="http://mrc.org/articles/abcnewscom-credits-fannie-mae-freddie-mac-propping-housing-market" target="_blank">read more</a></p> Articles MRC Business Economy Government ABCNews.com Bailout FannieMae FreddieMac housing interestrates mortgage richblake trillion Tue, 06 Jul 2010 16:14:46 +0000 admin 27194 at http://mrc.org Bernanke Critics and Rate-Cut Proponents Quiet after French Banking Scandal http://mrc.org/articles/bernanke-critics-and-rate-cut-proponents-quiet-after-french-banking-scandal <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; Bernanke can’t catch a break these days – whether it is people like CNBC “Mad Money” host Jim Cramer screaming Armageddon if the Fed doesn’t cut rates or if it is politicians in Washington up for re-election demanding rate cuts to avert an economic downturn.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/bernanke-critics-and-rate-cut-proponents-quiet-after-french-banking-scandal" target="_blank">read more</a></p> Articles MRC Business Trade bank Bernanke billion cut dollars Fed FederalReserve french home House housing Loan money mortgage rate Scandal SocieteGeneral Subprime trader trillion Fri, 25 Jan 2008 19:49:00 +0000 admin 26415 at http://mrc.org Climate Changes, but Media Remain the Same http://mrc.org/commentary/climate-changes-media-remain-same <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div> <p >     Once upon a time, Bob Hope and Bing Crosby went off on the road to Bali. Fifty-five years later, politicians are heading to Bali for sun, sand and socialism – and they want us to pay for it to the tune of trillions of dollars. </p><p><a href="http://mrc.org/commentary/climate-changes-media-remain-same" target="_blank">read more</a></p> Commentary MRC Business Bali ClimateChange GlobalWarming Summit trillion U.N. U.S. UnitedNations Wed, 28 Nov 2007 21:45:19 +0000 admin 29626 at http://mrc.org Biased Accounts http://mrc.org/special-reports/biased-accounts <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/amy-menefee">Amy Menefee</a> </div> </div> </div> <p><a href="http://www.mrc.org/bmi/reports/2005/Biased_Accounts_Executive_Summary.html">See Executive Summary</a></p><p><a href="http://mrc.org/special-reports/biased-accounts" target="_blank">read more</a></p> Special Reports MRC Business 2004 2005 abc abcs accounts added administration Americans axelrod benefits biased british broadcast Budget bush bushs business cbs CNN conservative Costs coverage crisis Debate debt economic evening explain fact facts feb financial future good government idea included institute investing jama Journalists liberal made major make making March market mason money Moore networks neutral news paying pension people percent personal plan point points popular position president private problem proposal question reform report Reporters Retirement risk risky security securitys social start stock stories story study system talking tonight transition trillion world years Thu, 28 Apr 2005 00:06:00 +0000 admin 30550 at http://mrc.org CyberAlert -- 04/09/2001 -- Why Not Apologize? http://mrc.org/biasalerts/cyberalert-04092001-why-not-apologize <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/brent-baker">Brent Baker</a> </div> </div> </div> <div> <table border="0" cellspacing="1" width="80%"> <tr> <td width="50%"><a href="http://www.mrc.org/printer/cyberalerts/2001/cyb20010409pf.asp"><img border="0" src="http://www.mrc.org/images/printfriendly.jpg" alt="Printer Friendly Version" align="left" /></a></td> <td width="50%"></td> </tr> </table> </div> <div> <table border="0" cellpadding="5" width="98%"> <tr> <td width="98%" valign="top"> <p>Dan Rather's "Objectivity"; Why Not Apologize?; Can't "Eat, Drink or B</p></td></tr></table></div><p><a href="http://mrc.org/biasalerts/cyberalert-04092001-why-not-apologize" target="_blank">read more</a></p> BiasAlerts News Analysis Division border president trillion victory Mon, 09 Apr 2001 04:00:00 +0000 32765 at http://mrc.org The CBS Anti-Bush Jihad Continues http://mrc.org/bozells-column/cbs-anti-bush-jihad-continues <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/l-brent-bozell-iii">L. Brent Bozell III</a> </div> </div> </div> <p><span class="normal">This much is clear about the $1.6 trillion tax cut proposed by President Bush: He means it. Unlike his predecessor, who delivered the largest tax hike in history after promising a tax cut on the campaign trail, and unlike his father who broke his read-my-lips pledge, Bush championed a $1.6 trillion tax cut while campaigning and is (at least for now) refusing to budge an inch from that promise. </span></p><p><a href="http://mrc.org/bozells-column/cbs-anti-bush-jihad-continues" target="_blank">read more</a></p> Bozell's Column News Analysis Division Americans percent trillion Tue, 06 Mar 2001 05:00:00 +0000 3813 at http://mrc.org