Thursday, September 3, 2009

CNN Highlights Dangers of Obama’s Deficit: ‘Taxes That Would Make a Scandinavian Revolt’

CNN’s American Morning on Friday dug up a six-week old op-ed from the Tax Policy Center’s Len Burman warning that massive trillion-dollar deficits are a catastrophe that could lead to the end of the U.S. as a great power “or even a mediocre one.”

With the on-screen graphic reading “Higher Taxes Inevitable?” business correspondent Christine Romans announced to viewers

“I’ve just got to tell you about this handwringing that's happening, and what it's going to mean for you. We're spending vastly more than we take in. We will for the foreseeable future. We're racking up these deficits, we pay interest on all of this debt.”

Co-anchor John Roberts noted how the House health care bill calls for higher taxes on the rich. Romans shot back that the tax experts

“are saying that there's no way you can just raise taxes on the rich to fix all of our problems. It's got to be dramatic slashing in spending or much higher taxes down the road. ”


Burman and his Tax Policy Center — a joint creation of two liberal think tanks, The Brookings Institution and Urban Institute — were a lot more popular with the media during last year’s presidential campaign. The Center’s data was frequently cited on the broadcast networks as validating Obama campaign claims their candidate would offer a bigger tax cut to average Americans.

Now that Burman is scolding an out-of-control Democratic government, a Nexis search of ABC, CBS and NBC finds no stories mentioning either the Tax Policy Center or Burman during the past three months.

READ MORE

No comments: