Krugman calls "bullshit"

Krugman

So, on the This Week panel today I didn’t get a chance to weigh in on the biggest whopper from Sen. Lamar Alexander, who told Elizabeth Vargas that reconciliation — I don’t have the exact transcript — had in the past been used for small things and "to reduce the deficit".
In fact, reconciliation was used to pass the two major Bush tax cuts, which increased the deficit — by $1.8 trillion.

And there’s no penalty for this kind of deception.

Why does the Very Serious Media continue to treat both sides as if they both have valid points? One side is obviously lying, Fox News is the mouthpiece for the right and no one will say a thing about it.