First, the hoax: that if the debt ceiling isn't raised, Social Security checks may not go out and our military and veterans may not get paid and we'll default on our debt, which could cause a global depression.
We will concede that defaulting on the debt would be a bad thing. But that's where the truth-telling ends in many media reports.
The truth is, defaulting on our debt obligations -- as well as not paying Social Security recipients or the military -- is a matter for the Obama administration to sort out. The president and his men could very well choose not to issue those checks, but it would be their choice. The truth is, there will be money for those things even if the debt ceiling isn't raised.
It's just that the government will have to prioritize. It would be bad, and we don't recommend it. But failure to raise the debt ceiling does not equal default. Those who are saying that are misleading you.
As for the truth that they're not telling you, it's this:
The most recent Republican plan to cut spending called for trimming only about $1.2 trillion over 10 years, but this year's deficit alone -- the amount the government is spending beyond what it takes in -- is $1.65 trillion.
In other words, the big brouhaha in Washington is over whether we can cut less in 10 years than we overspend in one!
How pathetic is that? We've got our nation's capital in paralysis because our leaders can't even muster the courage to cut over 10 years an amount that is less than what they overspend in one year.
And yet, the "mainstream" media are in an uproar over how much those mean Republicans want to cut. They're being called unreasonable and unyielding and more. The truth is, the budget cutting noise now coming from Republican House Speaker John Boehner is pitifully inadequate, compared to how much cutting must be done to save this country.
Absolutely, blame the Tea Party conservatives in the House for seeing that truth and fighting to save the nation from bankruptcy.
When are the "mainstream" national media going to tell you the truth? When are they going to show how woeful the Republicans' current budget-cutting proposals are?
When are they going to remind you that the "uncompromising" Republicans are the only ones that have either passed a budget in the past two years or passed a debt-ceiling increase so far this year?
The lack of honesty in the media has poisoned the well. It has helped obscure just how dire the country's financial situation is. Most Americans will take just about any debt-ceiling deal now to make this short-term problem go away -- without any regard for the long-term sustainability of the federal government or the effect it all has on the economy.
Instead, talking heads in the left-leaning media -- which is to say, most of the traditional media outlets -- have set out to demonize Republicans and the Tea Party for their efforts to save the country.
Meanwhile, even while repeatedly and rightly berating White House spokesman Jay Carney to see the president's nonexistent plan, the press corps have allowed the demonization of conservatives to go on.
To this country's detriment.