Stop the Presses: AP Reporter Changes Tune on Deficit Causes |
| Published: October 13, 2007, 12:01 am |
| Tags: 2008 presidential, budget, campaigns amp amp elections, economy, george w bush, wire services, associated press |
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Is Associated Press economics writer Martin Crutsinger quietly converting to supply-side economics? This is noteworthy, because Crutsinger has usually been the go-to reporter for uncalled-for gloom and doom about the economy for at least the past few years (a few examples are here, here, here, and here). Here are the specifics about Crutsinger's possible epiphany. In May, covering the record US Treasury receipts in April, the AP reporter told readers the following about why the Uncle Sam's budget was running at a deficit (though there is no byline at the MSNBC link, Crutsinger is indeed the author; the now-expired Yahoo! story I linked to in May at this post did have his byline; bold is mine): The federal budget was in surplus for four years from 1998 through 2001 as the long economic expansion helped push revenues higher. But the 2001 recession, the cost of fighting a global war on terror and the loss of revenue from President Bush's tax cuts sent the budget back into the red [ Full article ] |
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