Media Matters Daily Summary 08-12-10

NY Post falsely suggests state aid bill increases deficits
A New York Post editorial misleadingly claimed that the Congressional Budget Office said the recently passed state aid bill "will bloat the deficit another $13 billion over 10 years, using 'pay as you go' accounting." However, that figure excludes much of the savings used to pay for the bill, and CBO said that when accounting for these savings, the measure reduces deficits by around $1.4 billion over ten years. Read More