Jun
01
2010

The 'Liberal Media' and State Austerity

Scaring readers with right-wing research

On March 12, a front-page article in the New York Times warned that the value of the federal government’s debt, if Medicare, Medicaid and Social Security obligations are included, totals $79 trillion—yes, with a T. Less than three weeks later, another front-page Times article (3/30/10) alerted readers that states’ pension obligations to public employees tops $5 trillion. Truly shocking figures, especially when the size of the entire U.S. economy is a measly $14 trillion. These articles exemplify a trend in mainstream media discussions of budget deficits and state debt that make sensational and deeply conservative assertions about the costs of […]