Drudge Retort: The Other Side of the News
Thursday, April 04, 2019

How many times do we have to hear it? The federal debt is out of control. In New York City, there is a giant clock that lets visitors from across the country and the world know just how far we've maxed out the national credit card. Does it stop? No.

Does anyone address it? No. Is anyone in Washington willing to have an honest conversation about the largest financial sinkhole the world has ever known? It appears the answer is no.

As a nation we are $22 trillion in debt and likely further into the red next year by another $897 billion, according to the Congressional Budget Office. This level of debt is a threat to economic growth, opportunity, national security and the sustainability of programs people depend on.

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I hope Schultz runs as an independent and I hope he wins. An Independent third party president would reduce partisanship in congress as they'd be forced to respond to the proposals coming out of the bully pulpit on merit as opposed to blindly supporting/opposing proposals out of partisanship.

#1 | Posted by JeffJ at 2019-04-04 10:05 AM | Reply

The only thing Schultz could accomplish by running third party is to enable Trump to gain a second term. And to speak of debt being out of control without blaming Republicans for ridiculous tax cuts for the wealthy is sort of lame. And then there is this:

"This doesn't include the $100 trillion now being proposed by Democrats running for president."

That is just a flat out lie. This guy is just as dishonest as Trump.

#2 | Posted by danni at 2019-04-04 10:19 AM | Reply

"This doesn't include the $100 trillion now being proposed by Democrats running for president."
That is just a flat out lie. This guy is just as dishonest as Trump.

#2 | POSTED BY DANNI

You're right. The Green New Deal will only cost $93 trillion over 10 years.

#3 | Posted by JeffJ at 2019-04-04 10:29 AM | Reply

" The Green New Deal will only cost $93 trillion over 10 years."

Figures made up by Fox News pundits and happily repeated by you.

#4 | Posted by danni at 2019-04-04 10:40 AM | Reply

"The so-called Green New Deal may tally between $51 trillion and $93 trillion over 10-years, concludes American Action Forum, which is run by Douglas Holtz-Eakin, who directed the non-partisan CBO from from 2003 to 2005."

Even if it's "only" 51 trillion no one who supports it has any credibility to talk about debt and deficits.

#5 | Posted by nullifidian at 2019-04-04 10:45 AM | Reply

What comes after trillion? is it qradrillion?

#6 | Posted by kudzu at 2019-04-04 10:52 AM | Reply

The Green New Deal isn't even a proposal, it's just list of ideas for the future, each of them would have to be legislated seperately and for anyone to pretend to have a realistic estimate of the cost today is ridiculous. It is though imperative that we do get moving on dealing with global climate change, wait too long and it will be too late. Also, there are many people saying all sorts of things which are just not even suggestions in the GND.

#7 | Posted by danni at 2019-04-04 11:07 AM | Reply

#7 It was voted on, Danni. That's more than "a list of ideas".

Forget the GND for now, though. That's a distractiin. We have a spending problem no tax scheme can fix. Until we cut runaway spending, we will continue to amass crippling debt.

2018 federal budget outlays:

i.imgur.com

Graphic showing the increasing bite taken by non-discretionary spending

www.concordcoalition.org

#8 | Posted by MUSTANG at 2019-04-04 11:33 AM | Reply | Newsworthy 1

"It was voted on, Danni. That's more than "a list of ideas"."

The resolution is nonbinding, so even if Congress approves it, nothing in the proposal would become law."

www.nytimes.com

#9 | Posted by danni at 2019-04-04 11:38 AM | Reply | Newsworthy 1

Until we cut runaway spending, we will continue to amass crippling debt.

Which is why I am all for tax cuts ...

The sun is setting, arguing about "Free healthcare", "PBS", "Free College" .. its just rearranging the chairs of the titanic unwinding that we are heading for.

The goal of the Green New Deal is to reduce greenhouse gas emissions in order to avoid the worst consequences of climate change while also trying to fix societal problems like economic inequality and racial injustice.

From Danni's link ...

Those supporting this have no idea whats going on in France.

#10 | Posted by AndreaMackris at 2019-04-04 11:43 AM | Reply | Newsworthy 1

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--The resolution is nonbinding

And the cowardly Democrats wouldn't even vote for that. Where's the urgency? We only have 10 years left!

#11 | Posted by nullifidian at 2019-04-04 11:49 AM | Reply

News flash............ no one has done anything about it since the early 60's.

#12 | Posted by Sniper at 2019-04-04 12:06 PM | Reply

News Flash

These are the people you voted for

Perhaps you all should start holding them accountable instead of spewing ideological none sense anonymously on the internet

#13 | Posted by ChiefTutMoses at 2019-04-04 12:16 PM | Reply | Newsworthy 1

We have a spending problem no tax scheme can fix.
#8 | POSTED BY MUSTANG

So... more tax cuts for the rich?

Also. Your boy Trump is outspending ever President prior to his administration.

Also. Your Republican Party had two years of complete government control.

All they did was increase spending and cut taxes on the rich.

So. Make sure you keep voting for Republicans.

Moron.

#14 | Posted by ClownShack at 2019-04-04 12:21 PM | Reply | Newsworthy 1

"Does anyone address it? No. Is anyone in Washington willing to have an honest conversation "

lest you "forgot"

On the policy side of the ledger I've been quite pleased with Trump.
Posted by JeffJ at 2018-12-02 06:42 PM

#15 | Posted by ChiefTutMoses at 2019-04-04 01:02 PM | Reply

#14 I'm sorry, I didn't realize you were an idiot.

Just to merely balance the budget, we'd have to raise the income tax on everyone earning over $400k to 102%. That doesn't begin to pay down the debt...just match revenue to spending. You could, I suppose have every American pay a flat 50%...that would also work...again, no debt paydown. And what do you think Congress would do with that giant revenue stream....pay their bills? Hell, no, they wouldn't. They'd buy more sparkly ---- to distract the masses and increase spending accordingly.

#16 | Posted by MUSTANG at 2019-04-04 01:18 PM | Reply | Funny: 1 | Newsworthy 1

#16 | POSTED BY MUSTANG

Oh. I see. Nothing can be done. Much like school shootings.

Thoughts and prayers and all that.

And you'll keep voting for Republicans.

Brilliant!

If you're actually interested in cutting the debt, you'll need to vote for someone who's interested in doing so and has stated as much for years. Who's not afraid to cut spending on subsidies to the rich, the military, and foreign nations.

Someone like Bernie.

But no. You can't vite for Bernie. You've been conditioned to reject him. You're part of the problem.

#17 | Posted by ClownShack at 2019-04-04 01:25 PM | Reply

Typical GOP BS.

#18 | Posted by fresno500 at 2019-04-04 01:27 PM | Reply

#16 | Posted by MUSTANG

Three Republican presidents - Reagan, Bush, and Trump - have given their all to make our debt and annual deficits reach the sky through tax cuts and spending increases. Hell, W doubled the budget and debt with his own party in power, leaving systemic deficits for as far as the eye can see.

Those are just the facts. Numbers don't lie.

Of course you'll want to blame Obama, but he took office when our economy was teetering on the brink, revenues were in the crapper thanks to tax cuts and, of course, the Great Recession, after which it took years to get us back to where we were before W and the GOP brought us to the brink of disaster.

#19 | Posted by AMERICANUNITY at 2019-04-04 01:28 PM | Reply

"Just to merely balance the budget, we'd have to raise the income tax on everyone earning over $400k to 102%"

this from the guy who swore Trump was going to let him do his taxes on a postcard and make coal great again

You know, because OBAMA hated coal and postcards.

#20 | Posted by ChiefTutMoses at 2019-04-04 01:32 PM | Reply

#17

Bernie who wants M4A, free college and a whole host of other massive new spending initiatives is going to address the debt?

I want some of what you are smoking.

#21 | Posted by JeffJ at 2019-04-04 01:45 PM | Reply | Funny: 1

I want some of what you are smoking.

Gorilla Glue. Heavy indica. $40 for 5 grams.

#22 | Posted by ClownShack at 2019-04-04 01:49 PM | Reply

Bernie who wants M4A, free college and a whole host of other massive new spending initiatives is going to address the debt?

Yep. There's a lot of money being wasted in our government.

#23 | Posted by ClownShack at 2019-04-04 01:50 PM | Reply

So he's going to address the debt by adding a -------- of new spending?

Paul Ryan had been harping about the debt and unfunded liabilities going back into the Bush years. He was a staple on Squawk Box and was frequently invited to various think tanks, including Brookings, to give lectures about the issue.

Several years ago the GAO was created to identify waste and abuse in government spending. Very first report identified $350 billion in wasteful spending. Nothing happened.

When he was Senator, Tom Coburn had his own version of the GAO annual report. Nothing happened.

Obama promised to reduce spending by cutting fraud, waste and abuse. Nothing happened.

Trump promised that he'd balance the budget. Nothing happened.

But Bernie, a perpetual back-bencher is somehow going to be different. Um hmm, right.

#24 | Posted by JeffJ at 2019-04-04 02:08 PM | Reply

Paul Ryan had been harping about the debt and unfunded liabilities going back into the Bush years.

Well. He sure fkkked America with his tax cut for Donald Trump.

But. Do make sure you keep voting for Republicans.

#25 | Posted by ClownShack at 2019-04-04 02:21 PM | Reply

Bernie, a perpetual back-bencher is somehow going to be different.

Bernie has spent his whole life being a socialist democrat.

He's not indebted to the upper class, the rich. He doesn't owe money to Russia.

He's got some pretty simple ideas. Which. Would actually make life better for all Americans.

(Well except the extremely wealthy, but they've been living the highlife since forever, and will continue to do so even if taxed at a higher percentage.)

#26 | Posted by ClownShack at 2019-04-04 02:25 PM | Reply

Paul Ryan's legacy is mounting debt and uncontrolled spending.

The self-proclaimed fiscal conservatives love him for that.

I'll admit, I wouldn't mind some of what they're smoking.

#27 | Posted by snoofy at 2019-04-04 02:31 PM | Reply | Newsworthy 1

What's the number where debt is back in control?

Or is it more a matter of the debt starting to decrease, or at least flatline?

#28 | Posted by snoofy at 2019-04-04 02:33 PM | Reply

#17 I didn't vote for Trump. Have Hans bust out the wayback machine and read my thoughts on Bernie leading up to Hillary and the DNC corn-holing him.

I also, nowhere in my post, advocated for any party. YOU read what I wrote and inferred that tax-and-spend was a Democrat foible, not me.

All I said was that we have a spending problem. It will never be fixed merely by some panderrific tax plan. Spending must be cut. The DOD is an excellent place to turn, but they are 16% of the federal budget. Non-discretionary spending is 62% and climbing every year.

#29 | Posted by MUSTANG at 2019-04-04 02:43 PM | Reply

"Hillary and the DNC corn-holing him"

Mustang

Lol haven't heard that one in a while

#30 | Posted by lfthndthrds at 2019-04-04 02:53 PM | Reply

It only took 2 years for Trump to make America great again. Record deficits in the history of the world.... take that, 8itches.

#31 | Posted by lfthndthrds at 2019-04-04 02:55 PM | Reply | Funny: 1

#17 I didn't vote for Trump. Have Hans bust out the wayback machine and read my thoughts on Bernie leading up to Hillary and the DNC corn-holing him.

#29 | POSTED BY MUSTANG AT 2019-04-04 02:43 PM | REPLY | FLAG

I bet they didn't even use cornhuskers lotion to do so either.

#32 | Posted by LauraMohr at 2019-04-04 02:57 PM | Reply

For Mustang. NEVER say I'm NOT interesting

youtu.be

#33 | Posted by LauraMohr at 2019-04-04 03:02 PM | Reply

7 It was voted on, Danni. That's more than "a list of ideas".

Political theater to role the gullible rubes into being scared of it.

Guess it worked.

#34 | Posted by jpw at 2019-04-04 03:14 PM | Reply

#33 I'll amend my prior statement to read "more interesting". I just don't want you to become playground insult-hurler like some of the other DR trolls.

#35 | Posted by MUSTANG at 2019-04-04 03:16 PM | Reply

#32 No, and they made him look in the camera and thank them for it.

#36 | Posted by MUSTANG at 2019-04-04 03:17 PM | Reply | Funny: 1

36 is NW & FF

#37 | Posted by lfthndthrds at 2019-04-04 03:37 PM | Reply

Just to merely balance the budget, we'd have to raise the income tax on everyone earning over $400k to 102%. That doesn't begin to pay down the debt...just match revenue to spending. You could, I suppose have every American pay a flat 50%...that would also work...again, no debt paydown. And what do you think Congress would do with that giant revenue stream....pay their bills? Hell, no, they wouldn't. They'd buy more sparkly ---- to distract the masses and increase spending accordingly.

#16 | POSTED BY Comrade Pinto

Where's your Tea Party at????
You guys cried like the infants you are about Obama's spending and now that your hero (who you voted for despite your denials) is in charge and spending and raising the debt at record rates , debt and spending is no longer important to you and your kind. Why is that?

#38 | Posted by aborted_monson at 2019-04-05 12:42 AM | Reply

If we had just left the Clinton tax rates in place we would have paid down our debt by now. Thanks to Republicans, instead we transferred that wealth to the 1%.

#39 | Posted by danni at 2019-04-05 10:44 AM | Reply

Even if it's "only" 51 trillion no one who supports it has any credibility to talk about debt and deficits.

#5 | POSTED BY NULLIFIDIAN AT 2019-04-04 10:45 AM | FLAG: ... and that does not count the normal govt spending which would be about 10 trillion over that same time frame.

#40 | Posted by MSgt at 2019-04-05 01:25 PM | Reply

Clinton tax rates. Lol

Research the good affects Clinton really did. It wasn't the tax rates.

Clinton helped the poor by getting them off welfare. It made people productive. That was reversed later.

#41 | Posted by Petrous at 2019-04-05 02:26 PM | Reply | Funny: 1

Yep. There's a lot of money being wasted in our government.
#23 | POSTED BY CLOWNSHACK AT 2019-04-04 01:50 PM | FLAG:

The DOD is a perfect place to start.

#42 | Posted by Nixon at 2019-04-05 04:11 PM | Reply

If we had just left the Clinton tax rates in place we would have paid down our debt by now. Thanks to Republicans, instead we transferred that wealth to the 1%.

#39 | POSTED BY DANNI AT 2019-04-05 10:44 AM | REPLY | FLAG:

I doubt we would have paid it off, but it would be growing 60% faster than our GDP.

Even with the Clinton rates it was due to turn red once the baby boomers started retiring.

The vert worst thing to do was give another trillion dollar cut to the 1% but that is what they bought the GOP to do.

#43 | Posted by Nixon at 2019-04-05 04:14 PM | Reply

*but it wouldn't

#44 | Posted by Nixon at 2019-04-05 04:14 PM | Reply

The self-proclaimed fiscal conservatives love him for that.

Fiscal conservatism has two principles:

1. Tax cuts for the 1%

2. Screw the middle class out of benefits.

#45 | Posted by Nixon at 2019-04-05 04:16 PM | Reply

"If you're actually interested in cutting the debt, you'll need to vote for someone who's interested in doing so and has stated as much for years. Who's not afraid to cut spending on subsidies to the rich, the military, and foreign nations."

You think Bernie is going to cut the debt? By giving away more free stuff?

You understand how money works, right?

#46 | Posted by madbomber at 2019-04-05 06:48 PM | Reply

"He's got some pretty simple ideas. Which. Would actually make life better for all Americans."

Really?

Will my life be better if my tax rates go up?

#47 | Posted by madbomber at 2019-04-05 06:50 PM | Reply

#47

It certainly could be. Ask anyone in a northern European country. You could have better health care, a better education for your kids, 6 weeks vacation... oh, wait, I forget.

When you say "you" you mean only you. Anyone else can go screw if it doesn't benefit you. Randian Objectivists are like that.

#48 | Posted by Corky at 2019-04-05 07:02 PM | Reply

"Will my life be better if my tax rates go up?
#47 | POSTED BY MADBOMBER"

Won't it motivate you to make up for the lost income?

Will your life be better if you're incentivized to work more productively?

You tell me.

#49 | Posted by snoofy at 2019-04-05 07:45 PM | Reply

#49 Will a welfare recipient's life be better if they're incentivized to work more productively?

You tell me.

#50 | Posted by MUSTANG at 2019-04-05 09:36 PM | Reply

Won't it motivate you to make up for the lost income? ~ Snoofy

Would you working more, mean the government is exploiting you?

You tell me?

#51 | Posted by AndreaMackris at 2019-04-05 10:15 PM | Reply

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