The Media's Deficit Obsession

Even As Federal Government Posts Lowest Shortfall In Years, Media Still Clamoring For Deficit Reduction

Weekday broadcast and cable evening news continue to place undue focus on government spending cuts and deficit reduction, pushing a narrative that is out of touch with economic reality.

Media Matters research revealed that throughout the fourth quarter of 2013, weekday broadcast and cable nightly news programs were more likely to advocate for deficit reduction than economic growth and job creation. Out of a total 890 segments on the economy, 250 saw the host or guest mention deficit reduction as an economic priority, while only 204 segments mentioned the need for economic growth and job creation.

Of course, Fox News led the charge in calling for deficit reduction, echoing trends seen in previous quarters.

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Media's focus on deficit reduction was a constant theme throughout 2013, a theme increasingly out of touch with economic realities.

While broadcast and cable evening news programs were clamoring about the need for deficit reduction, in fiscal year 2013, the Treasury posted the smallest budget deficit since 2008. The same news programs that advocated for deficit reduction, however, were unlikely to mention this fact -- only 15 total segments over the fourth quarter noted that deficits are in decline.

Meanwhile, economic growth and job creation, while taking a backseat in media coverage, still remain a persistent problem in the U.S. economy. Many economists have repeatedly argued that sluggish economic growth and weak job creation are directly tied to an undue policy focus on deficit reduction. But with the recent government shutdown and budget negotiations taking place, weekday broadcast and cable evening news coverage consistently turned the debate back to deficit and debt reduction and away from more pressing issues like unemployment.

Maybe this is why only six percent of Americans know the deficit is shrinking.