Deficit . . . Deficit . . . Deficit . . . OMG! Whatever Shall We Do?

The following is abstracted from website of the CAMPAIGN FOR AMERICA’s FUTURE

Last week I noted the disparity in coverage between the Ryan/GOP budget and the Progressive Caucus Back To Work Budget.

Ryan/Republican Budget — Intense News Coverage

This week the Republican “Ryan Budget” was released. It just absolutely guts government, guts the safety net, privatizes Medicare, guts Medicaid — and gives a HUGE tax cut to the wealthy.

As I write this Google News yields more than 72,000 stories. (Search term: “Ryan budget” in quotes so you don’t get results for anything with the two words in it.) Washington Post, NY Times, CBS News, NPR, Politico, etc…

Progressive Budget — Nothing

The Congressional Progressive Caucus released their “Back To Work Budget” this morning. It immediately hires 7 million to rebuild our infrastructure so our economy can be competitive. It reinforces safety-net programs, provides a public option for health care and taxes the wealthy to not only pay for these but to reduce the deficit by $4.4 trillion over the next decade.

So far a Google News search for “Back To Work Budget” yields .. two results, Huffington Post and Raw Story.

This Week’s Corporate Media Coverage Of The Progressive Budget

Today a similar look around the corporate media shows that they still are not informing the public about the Back To Work budget. No news broadcasts, no news analysis, no nothin.

Progressive media? Sure. They are getting the word out to progressive audiences. But corporate media?

Paul Krugman wrote a column in the New York Times with three paragraphs about this budget, David Brooks wrote calling it more big government.

ABC’s The Note did a piece.

And that’s about it. At this point the lack of coverage is not just some mistake, every progressive outlet has been trying to get the word out, there are petitions, Facebook and Twitter actions, etc. There is no conclusion you can reach except that corporate media is intentionally keeping this budget out of the news.

Deficit Debate Rages, Only 6% Know Deficit Is Falling

Here is a chart of the deficit as a percent of GDP: (Data sources below)

Deficit as percent of GDP

Once again, because it might be hard to register due to the drumbeat of deficit-scare propaganda, this is a fact: THE DEFICIT IS FALLING AT THE FASTEST RATE SINCE WWII.

All of that means that no, we do not have a “deficit emergency,” the deficit is not “out of control” and we have 10 years to decide how best to fix things.

So let’s stop listening to the drumbeat of “deficit shock” propaganda and not be rushed into doing any more stupid, destructive cuts in the things We, the People do to make our lives better.


One response to “Deficit . . . Deficit . . . Deficit . . . OMG! Whatever Shall We Do?

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