Fox News reporter Kelly Wright used a partial quote from Rep. Paul Ryan (R-WI) to paper over Ryan's acknowledgment that debt levels are stable for the near term, misrepresenting the debt conflict between President Obama and House Republicans.
On the March 17 edition of CBS News' Face the Nation, host Bob Schieffer asked Ryan about an interview Obama had previously given to ABC News, in which he observed that "we don't have an immediate crisis in terms of debt." Ryan conceded to Schieffer that "we don't have a debt crisis right now," going on to explain that Republicans differ with the president on how to handle the prospective crisis. From the March 17 edition of Face the Nation:
RYAN: To borrow a phrase from my friend Erskine Bowles and the fiscal commission, we're the healthiest looking horse in the glue factory. That means America is still a step ahead of the European nations who are confronting a debt crisis of Japan that's in its second lost decade. It's partly because of our resilient economy, our world currency status. So we do not have a debt crisis right now, but we see it coming, we know it's irrefutably happening. And the point we're trying to make in our budget is let's get ahead of this problem. Look we know that in a debt crisis you pull the rug out from under people living on the safety net, you cut seniors in retirement. This is what we're trying to avoid. The purpose of having a reasonable balanced budget like we're proposing is let's prevent a debt crisis from happening in the first place. If we keep kicking the can down the road, if we follow the president's lead or if we pass the Senate budget, then we will have a debt crisis. Then everybody gets hurt. You know who gets hurt first and the worst in a debt crisis? The poor and the elderly. That's what we're trying to prevent from happening. Pro-growth economic policies to get people working, to bring in more revenue, and get the entitlement system under control so it doesn't go bankrupt so people can seriously plan for the promises that government has made for them in retirement. That's what we're saying, is, let's prevent a debt crisis from happening, we know it's coming, this budget does that.
In the lead segment of the March 18 edition of Fox News' America's Newsroom, however, Wright excised Ryan's agreement with the president. After stating that despite Obama's "charm offensive," Republicans "remain skeptical about the president's sincerity," Wright offered a misleading paraphrase of Ryan's comments that implied that Obama's 'no immediate crisis' observation was a stumbling block in negotiations, rather than a point of common ground.
WRIGHT: But some Republicans remain skeptical about the president's sincerity. Congressman Paul Ryan, who we just heard from, expressed doubts after the president's recent comment that America is not in an immediate debt crisis. Ryan contends that America is teetering on the edge of a crisis, and that it will have serious repercussions.
[RYAN CLIP:] You know who gets hurt first and the worst in a debt crisis? The poor and the elderly. That's what we're trying to prevent from happening. Pro-growth economic policies to get people working, to bring in more revenue, and get the entitlement system under control so it doesn't go bankrupt so people can seriously plan for the promises that government has made for them in retirement. That's what we're saying, is, let's prevent a debt crisis from happening, we know it's coming, this budget does that.
This heavy truncation of Ryan's quote suggests disagreement where there is none: Both Ryan and House Speaker John Boehner (R-OH) agreed with the president's assessment that any crisis is not immediate. That's because debt levels are stable in the near term, a fact straight from the Congressional Budget Office. The White House and the congressional GOP dispute the proper policy response to these non-immediate, middle-distance fiscal issues, but the president's "immediate crisis" comments are not controversial.
President Obama and congressional Republicans agree about the importance of debt reduction, but dispute the timeline and architecture of that reduction. Ryan's belief that America is merely "the healthiest horse in the glue factory" may be misguided, but it is much more informative for fiscal debate watchers than Fox's focus on a ginned-up disagreement that Ryan and Boehner have already rejected.