Drudge Retort: The Other Side of the News
Sunday, May 12, 2019

As lawmakers trade fire over contempt votes and impeachment, there's been no progress toward reaching a budget agreement or extending the federal government's ability to borrow before September, when the money runs out. That's raising the ugly prospect of more than $100 billion in mandatory cuts as well as an unprecedented default on US debt -- a situation that could trigger a worldwide economic catastrophe.

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Let me guess. The gop sees the writing on the wall.

#1 | Posted by fresno500 at 2019-05-12 10:11 AM | Reply

Tax cuts will pay for themselves. We know that because they did under Reagan, Bush and Trump. When will America wake up and recognize the liars among us and what they are doing to our country, our children and our grandchildren.

#2 | Posted by danni at 2019-05-12 10:17 AM | Reply | Newsworthy 5

Right wing megalomaniacs worry about the national debt every time an infrastructure or social safety net program comes up. But it is a forbidden topic during bank bailouts and military adventures. They established the debt ceiling as a means of distributing money upwards to the few, the already rich. It is one tool among many in their never ending class war. Their most important tool is lying on TV and radio networks which they own.

#3 | Posted by bayviking at 2019-05-12 10:21 AM | Reply | Newsworthy 6

Let me guess. The gop sees the writing on the wall.

#1 | POSTED BY FRESNO500 AT 2019-05-12 10:11 AM | REPLY

Ohh sweetie, neither party seems to care, as evidenced by their actions (not their mere speech).

If interest rates double, so will our interest payments.

If only semi-socialist Obama hadn't run up our debt so high, the Democratic Socialists' plans might look more feasible.

The green new deal, paying for college for all, and other insane plans will never happen because we simply don't have the money.

#4 | Posted by drivelikejehu at 2019-05-12 10:23 AM | Reply | Funny: 1

I wonder if the American left either (1) is paying attention to the events and history of Venezuela or (2) reads behind their public school education about how the USSR fell.

#5 | Posted by drivelikejehu at 2019-05-12 10:24 AM | Reply

I think I used to disagree with Bayviking but I've recently realized how right he is. The class war is getting worse because the rich see doom coming and they want to grab as much as they can before it gets here. Gated communities? You'll see gated cities like they have in Israel/Palestine where the "help" will have to pass through security checks to go mow the lawns of the rich.

#6 | Posted by danni at 2019-05-12 10:26 AM | Reply | Newsworthy 1

--The green new deal, paying for college for all, and other insane plans will never happen because we simply don't have the money.

Democrats will keep promising those trillions of new spending, though, in order to buy votes.

#7 | Posted by nullifidian at 2019-05-12 10:30 AM | Reply

The money supply must be increased, for no other reason than population growth. Americans work hard, much harder than the better educated European population, but not as hard as Asians.

Money is created out of thin air by the Federal Reserve and profits from that creation are funneled into private hands. That is certainly not how China operates nor is it necessary for us to operate that way. If the power to create money out of thin air were transferred back to the US Treasury, as Kennedy and Lincoln planned to do, the national debt would be owed to ourselves exclusively instead of to a few rich families.

Public funding of public projects would cut those costs at least in half and in doing so make the USA more competitive on the global market. It is impossible to exaggerate the importance of public works projects in enhancing the business of business. Without railways, roads, public schools, telephones, water and sewer systems it would be impossible to sustain our population, let alone prosper in business.

#8 | Posted by bayviking at 2019-05-12 10:39 AM | Reply

Right wing megalomaniacs worry about the national debt every time an infrastructure or social safety net program comes up.

I don't, I don't care, just don't tax me to pay for your folly.

The green new deal, paying for college for all, and other insane plans will never happen because we simply don't have the money.

Whats wrong with burdening future generations? I will gladly pay you Tuesday for Hamburger today.

Public funding of public projects would cut those costs at least in half and in doing so make the USA more competitive on the global market. It is impossible to exaggerate the importance of public works projects in enhancing the business of business. Without railways, roads, public schools, telephones, water and sewer systems it would be impossible to sustain our population, let alone prosper in business.

LOL, too bad such an enormous amount of it is going to entitlements. Only $72.4 billion of our budget goes to USDOT.

Do you legitimately research this stuff?

Money is created out of thin air by the Federal Reserve and profits from that creation are funneled into private hands.

Through loans and debt, yes these are the risk takers, they should be rewarded, many fail. You only see the successes.... you have a myopic view of what it takes to become wealthy.

That is certainly not how China operates nor is it necessary for us to operate that way.

Yes it does, its going through an asset bubble as we speak.

The class war is getting worse because the rich see doom coming and they want to grab as much as they can before it gets here.

Its not a class war, everyone should be seeing the DOOM coming and grab as much as they can before the government goes bankrupt.

If the power to create money out of thin air were transferred back to the US Treasury, as Kennedy and Lincoln planned to do, the national debt would be owed to ourselves exclusively instead of to a few rich families.

Where do you get this stuff? Why would you want to owe yourself? It makes no sense.

If its going to go bust, even though technically wrong, why wouldn't you want the "few rich families" holding the bag when it does.

Your views appear inconsistent.

#9 | Posted by AndreaMackris at 2019-05-12 11:15 AM | Reply

"--The green new deal, paying for college for all, and other insane plans will never happen because we simply don't have the money."

Exactly the opposite is actually the truth. Don't pay for college for all then don't expect to be a competitive nation. There is plenty of money, it's just that the 1% holds most of it. Nulli is just a moron who wouldn't know the truth if it bit him in the ass.
VA bill following WWII educated millions of former soldiers, the taxes they paid into the government were multiplied by seven times what they would have been without their educations.
Investing in Americans is the smartest thing our nation can do. Disagree with that and you are Nulli.

#10 | Posted by danni at 2019-05-12 12:01 PM | Reply | Newsworthy 5

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Worried about the debt crisis{?}, then do not back the 'green new deal' and Medicare for all [along with biden's 'obligation' to give health care to illegals].

#11 | Posted by MSgt at 2019-05-12 12:51 PM | Reply

#9

Wow what a Mackris!

You are the Mackris of Mackrisity

Some would call you the Mother of all Mackrises.

This serves as a lesson folks: Don't be a Mackris.

#12 | Posted by bocaink at 2019-05-12 12:54 PM | Reply

AMac cannot refute any of this history:
During the Civil War (1861-1865), President Lincoln needed money to finance the War from the North. The Bankers wwanted 24% to 36% interest. Lincoln was horrified and convinced Congress to pass a law authorizing the printing of Treasury notes to pay for the War effort.

The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln printed (created from thin air) $449,338,902, a debt-free and interest-free money to finance the Civil War. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.

London Noticed and the Times wrote: "If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun¬tries will go to North America. That govern¬ment must be destroyed, or it will destroy every monarchy on the globe."

Bankers understood what a threat to their power sovereign govern¬ments printing interest-free and debt-free paper money is. They know it will break the power of the international Bankers. The British Government, which was controlled by the London and European Bankers, moved to support the Confederate South, hoping to defeat Lincoln and the Union.

But, Lincoln countered with the Emancipation Proclamation, which declared that US slavery was abolished. British Bankers could no longer openly support the Confederacy without triggering domestic unrest. The North won the War, and the Union was preserved.

Bankers were not going to give in that easy, Lincoln was assassinated shortly after the War ended. Soon after, Congress revoked the Green¬back Law and enacted the National Banking Act. Private banking was reestablished and national bank notes were once again interest bearing. The Act also retired all Greenbacks.

#13 | Posted by bayviking at 2019-05-12 02:43 PM | Reply

In 1972, the US Treasury estimated that Lincoln's interest savings on the 400 million dollars was 4 billion dollars. But with this Federal Reserve Act being passed, Congress gave up the power to create its own money that it was defined in the US Constitution. The Bankers now operate the United States under a central bank with diverts interest charges to private pockets. They hold more power than any US President or elected official.

As Mayer Anselm Rothschild once said: "Permit me to issue and control the money of a nation, and I care not who makes its laws..."

No US president since Abraham Lincoln dared to go against the system and create his own money, until President John F. Kennedy came into office.

On June 4th, 1963, President Kennedy signed a presidential document, called Exec¬utive Order 11110, which further amended Executive Order 10289 of September 19th, 1951. This gave Kennedy legal authority to create his own money to run the country, money that would belong to the people, an Interest and debt-free money. He ignored the Federal reserve and printed $4,292,893,825 US Notes.

A few months later, In November of 1963 Kennedy was assassinated. One day after Kennedy's assassination, all those US Treasury notes were taken out of circulation.

There can be no justice without a reform in our economic system, for the financiers are behind all the corruption in our Government.
Abraham Lincoln and John F. Kennedy both had the courage to stand up for principles and to fight for justice. They have both gone down in history as being true patriots of the United States. But do we, as citizens, have the courage to follow their example or even understand the circumstances we live under?

#14 | Posted by bayviking at 2019-05-12 02:45 PM | Reply | Newsworthy 1

AMac, what risk are you talking about? When has the US ever defaulted on its national debt? Why should it when all it has to do is monetize the debt on a computer keyboard ever since Nixon abandoned the gold standard? It is against the law to escape student loan debt in Bankruptcy. Those loans even carry US Government guarantees. Yet, Bankers pretend they must charge 8% interest because of "risk". If you believe them I have a bridge to sell you.

#15 | Posted by bayviking at 2019-05-12 02:49 PM | Reply

If you are truly concerned about the debt you would not have voted to cut taxes (less money in) and increase spending (4.53 Trillion 2019 budget)

#16 | Posted by hatter5183 at 2019-05-12 03:08 PM | Reply | Newsworthy 3

If you are truly concerned about the debt you would not have voted to cut taxes (less money in) and increase spending (4.53 Trillion 2019 budget)

#16 | Posted by hatter5183

Bingo! Republicans slash taxes and increase spending. WTF do they expect will be the result?

Starve The Beast in action: Giving our national treasure to the 1% and leave 99% without safety nets, claiming we can't afford them.

Purposeful

#17 | Posted by AMERICANUNITY at 2019-05-12 03:28 PM | Reply | Newsworthy 3

The green new deal, paying for college for all, and other insane plans will never happen because we simply don't have the money.

Sure we do... print more and devalue it. The $100 bill is now the $1 dollar bill.

I think I used to disagree with Bayviking but I've recently realized how right he is. The class war is getting worse because the rich see doom coming and they want to grab as much as they can before it gets here. Gated communities? You'll see gated cities like they have in Israel/Palestine where the "help" will have to pass through security checks to go mow the lawns of the rich.

Many have already moved to New Zealand.

#18 | Posted by Pegasus at 2019-05-12 03:49 PM | Reply

"too bad such an enormous amount of it is going to entitlements."

And how much is coming in, in entitlements?

Are you including that part of the equation, and just counting the difference, or are you using Republican Math™, where you pick and choose what parts of the equation you want, depending on your agenda?

#19 | Posted by Danforth at 2019-05-12 03:57 PM | Reply

Our annual budget for maintaining nuclear warheads we will never use is $35Billion yet they say we cant afford college for all which would cost $40 Billion if we sent every single student who graduated from high school to a 4 year public university. If we make it a tiered earn your way setup We could send everyone with a 3.0 or above to 4 year school, everyone below 3.0 to a trade school and only pay about $25 Billion/year. For the annual cost of the new ships Trump wants for his 355 ship navy but has yet to budget for we could educate our entire graduating classes and give every one of them a new American Made 4 door Toyota Camry and still have some money left over

#20 | Posted by hatter5183 at 2019-05-12 05:51 PM | Reply | Newsworthy 7

Looks like AMac skedaddled.

#21 | Posted by bayviking at 2019-05-12 06:41 PM | Reply

--Looks like AMac skedaddled.

Yeah because blogging on the retort is very, very important.

#22 | Posted by nullifidian at 2019-05-12 06:53 PM | Reply

Then what are you doing here then Nulli? Do you have any idea what Keynes was talking about?

#23 | Posted by bayviking at 2019-05-12 07:19 PM | Reply

you all realize don't you that every argument that's made today, by any side, anywhere on the planet is more or less irrelevant in the context of reality 25 years from now.
I'm not being fatalistic or cynical, it's just a fact that the population sustainability requirements compared to their intrinsic worth as workers when compared to new technologies productive capacities. well what are you going to do with billions of essentially worthless consumers?

#24 | Posted by 1947steamer at 2019-05-12 09:28 PM | Reply

"Yeah because blogging on the retort is very, very important."

More likely because I exposed the fact his grand statement omitted half the equation.

#25 | Posted by Danforth at 2019-05-13 02:20 AM | Reply | Newsworthy 1

"Its not a class war, everyone should be seeing the DOOM coming and grab as much as they can before the government goes bankrupt."

Don't tell us about the doom coming while you pass 2 trillion dollar tax cuts for the 1%. You are a liar! We see you lying here every single day. Please don't insult our intelligence by pretending to be anything other than what we know you to be. We can pay off the debt the same way we did it before. TAX THE RICH OVER 50%! They will try every argument why that isn't right but they are simply lying and most of them, but not all of them know it. Some are too stupid to know it.

#26 | Posted by danni at 2019-05-13 06:35 AM | Reply | Newsworthy 4

Didn't the GOP introduce a bill making the personal tax cuts from 2017 permanent?

www.politico.com

Obviously they don't think there is a debt problem.

Just one more tax cut will fix this budget mess.

#27 | Posted by Nixon at 2019-05-13 07:23 AM | Reply | Newsworthy 1

--2 trillion dollar tax cuts

Go ahead and repeal them. Now you only need another 50 trillion or so to pay for the Sanders/Warren/Wokamala et all., wish list of new freebies.

#28 | Posted by nullifidian at 2019-05-13 08:13 AM | Reply

TAX THE RICH OVER 50%! DANNI

Dems will not tax their own. the DEMs are the party of the Rich

one example; San Fran has the most Billionaires per capita than any other city in the world! truly San Fran is where there are only 2 classes Rich and Poor, ran by Liberals for decades

#29 | Posted by Maverick at 2019-05-13 10:59 AM | Reply

What tax cut? I depend on itemized deductions to reduce my taxes. The Republican tax plan eliminates most deductions except mortgage interest.

#30 | Posted by bayviking at 2019-05-13 12:14 PM | Reply

"--The green new deal, paying for college for all, and other insane plans will never happen because we simply don't have the money."

Horse Hockey.

There is always money for more tax cuts for the 1% and for needless wars of aggression, so there is money to take care of the people.

The US pays Israels $3.1 billion in welfare and that allows Israel to offer free healthcare to all it's citizens while US taxpayers die because they cannot afford their life saving medicines.

This country is run by a collection of evil -----.

#31 | Posted by Nixon at 2019-05-13 12:46 PM | Reply

It's funny how Dems completely ignore that giving everything away for free doesn't work when there isn't money to pay for it and the Reps completely ignore that taxes are how the government exists. And yet, both sides make comments as if the problem is only because of the other side. The country won't get better because the politicians being voted in are the commenters of today. People who point fingers and think the other side is the sole problem are getting voted in, so that theme just plays out on a national stage. We can't win because we don't have people who want to win. We only have people who want people that think just like them to win.

#32 | Posted by humtake at 2019-05-13 01:02 PM | Reply

Ohh sweetie, neither party seems to care, as evidenced by their actions (not their mere speech).
If interest rates double, so will our interest payments.
If only semi-socialist Obama hadn't run up our debt so high, the Democratic Socialists' plans might look more feasible.
The green new deal, paying for college for all, and other insane plans will never happen because we simply don't have the money.

#4 | POSTED BY DRIVELIKEJEHU

Must be hard being that stupid.

Obama managed to CUT the deficit after taking over during a massive recession and huge tax cut draining the coffers.

Bush's last deficit: $1.2 trillion
Obama's last deficit: $503 billion
Trump's most recent deficit: $1.1 trillion

Republicans cut taxes and raise spending. That's reality.

The most patriotic thing you can do for your country is to avoiding voting or procreating.

#33 | Posted by Sycophant at 2019-05-13 01:59 PM | Reply

33 - If only semi-socialist Obama hadn't run up our debt so high,

He said debt, your switched it to deficit. Obama almost doubled the Debt.

#34 | Posted by homerj at 2019-05-13 04:55 PM | Reply

just don't tax me to pay for your folly.

If we could opt out of paying taxes for things we didn't like, society would grind to a halt. If i have to pay for $2,000,000,000,000.00 in tax cuts for the rich, you can pay for medicare.

#35 | Posted by JOE at 2019-05-13 05:04 PM | Reply

Global Economic Collapse is imminent.

Actual U.S. DEBT exceeds $50,000,000,000,000.00.

#36 | Posted by gitmboy at 2019-05-13 05:11 PM | Reply

To pay Gboy's debt figure first have Treasury issue a platinum coin worth $50,000,000,000,000 then close the Federal Reserve, or at least stop their money printing power. Restore the authority to print money to Treasury and quit making lecherous private Bankers rich controlling our currency, which according to our constitution, belongs to our government.

#37 | Posted by bayviking at 2019-05-13 11:44 PM | Reply

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