Balance Bias (bal-ance bi-as)
1. The assumption that there is truth and legitimacy to both sides of every dispute.
2. The iron law in political journalism that one side in a debate can never be exclusively right, or have a monopoly on the facts.
This increasingly disorderly fight over raising the debt ceiling has not only exposed the petty dysfunctions of the US Congress, it has also revealed a core failure of American political journalism. The press has made the debt fight the top story for the last two weeks—even accounting for half of all stories on radio and cable news—but much of the coverage has failed to tell the very basics of what is happening.
I don’t mean how this deficit was created (by tax cuts, Medicare and recessions), or why the debt ceiling gets raised (in response to past decisions by Congress). That stuff matters, but at bottom, this is a story about politics, not the bond market.
This fight started with a partisan threat to sabotoge the economy in order to extract policy concessions, but then, when Democrats offered most of the concessions, it ricocheted and morphed into something else: a high-stakes lightning round of intramural GOP posturing. Right now, we are living through a Republican primary for economic policy. The results may hurt the nation—an externality that Republicans have widely acknowledged, lending bite to their bark—and no one seems to know what you do with an army that wants to keep fighting after there’s no land left to conquer.
One might quibble with some details and word choices, but that’s the basic story. It’s gripping, it’s scary, and it’s not anything close to the press’s story about this debt fight. Take this headline, running at the top of CNN a day after President Obama’s national address:
“They’re all talking, but no one is compromising, at least publicly. Democratic and GOP leaders appear unwilling to bend on proposals to raise the debt ceiling.”
Journalist Josh Marshall confronted that bizarro narrative with evidence of what’s actually happening. “By any reasonable measure, this [CNN headline] is simply false, even painfully so,” he notes, adding, “even the firebreathers on the Republican side" are not suggesting otherwise. Marshall reports that over $2 trillion in cuts is the current offer from Senator Reid, which is actually larger and more “Republican-leaning than what Speaker Boehner was demanding a few months ago.” And the Reid plan—which could just as accurately be called the Super Sized Boehner plan—does not include any revenues, which was “the primary demand of Republicans from the beginning.”
Whether you think it’s good or bad, we have just seen one party’s leadership embrace the platform of the opposing party, only to watch that party apparently back off its own original position. That’s news! Marshall continues: