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Home Publications Blogs Beat the Press When It Comes to Budget Deficits, the Post Again Makes It Up

When It Comes to Budget Deficits, the Post Again Makes It Up

Wednesday, 06 July 2011 08:31

The Post reported on President Obama’s assertion that it is necessary to make large cuts in projected deficits, telling readers:

“Obama weighed in Tuesday, noting that a remarkable bipartisan consensus has emerged about the scope and severity of the nation’s debt problem. ‘Most of us already agree that to truly solve our deficit problem, we need to find trillions in savings over the next decade, and significantly more in the decades that follow,’”

It would have been more appropriate to use the term “asserting” rather than “noting.”

Noting implies that the claim that President Obama is making about a consensus is true. It is not.

People familiar with economics know that the main reason that the country is facing large budget deficits is because of the economic crisis created by the collapse of the housing bubble. Contrary to President Obama’s assertion, the main way to solve the deficit problem is to get the economy back to full employment.

This is yet another case where the Post has ignored journalistic standards in a front page story to foist its editorial position on readers.

Comments (3)Add Comment
written by izzatzo, July 06, 2011 10:01
It would have been more appropriate to use the term “asserting” rather than “noting.”

Having noted where the parade was headed Obama moved to the front and asserted his leadership role as Chief Lemming proclaiming that to solve a problem most of us know we must find a solution.
"remarkable bipartisan consensus has emerged"
written by Paul, July 06, 2011 11:06
Yes, isn't it remarkable that a bipartisan consensus emerged about the deficit?

Hmmm, given the usual dysfuntionality of our federal government, Congress and the President in particular, I wonder what is up with that?

Could it be that both Dems and Reps are just using the deficit as a convenient vehicle to advance their respective political agendas of taxing the rich/cutting defense spending and cutting social security/Medicare/Medicaid?

Am I being too cynical here? Oh wait, in politics, you can't be too cynical.
The three legged stool: tax cuts, spending, economy.
written by AndrewDover, July 06, 2011 11:59

Distrust someone who tells you that there was a main cause without backing it up with numbers.

Here is Scott A. Hodge hitting the spending leg:

But neither spending, the economy, nor the Bush tax cuts are the whole thing.


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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.