Written by: Beck
The Senate's Joint Economic Committee (JEC) sent out two news releases today.
In the first one, they observe that
job creation for July was less than expected:
The Bureau of Labor Statistics (BLS) announced today that during the month of July, employment increased by 32,000 according to the payroll survey. According to the household survey, which is used to calculate the unemployment rate, total employment increased by 629,000. The unemployment rate fell to 5.5 percent. Payroll job growth was slower than expected--Wall Street had expected roughly 240,000 new payroll jobs.
In the
second news release, the JEC informs us that the budget deficit is now coming in $56 billion less than what the Congressional Budget Office predicted back in March.
Consistent with the Office of Management and BudgetÂ’s (OMB) Mid-Session Review, the non-partisan CBO is now projecting a smaller budget deficit for this fiscal year. At $422 billion, the budget deficit is expected to be $56 billion less than what CBO projected in March. OMB is now projecting a deficit of $445 billion, which is $76 billion less than it originally estimated.
Now tell me, which of these two stories do you think will get the most media play?
No need to answer. And people whine about
Fox News being
right leaning. And by "people" I mean "a bunch of assclowns who make me sick." I challenge you to find a major media outlet reporting the decreased deficit numbers.