Drudge Retort: The Other Side of the News
Thursday, July 11, 2019

The U.S. budget deficit increased by $140 billion during the first nine months of this budget year to $747.1 billion as government revenues and spending both hit records.

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I guess we'll need more tariffs to help close the gap.

#1 | Posted by LampLighter at 2019-07-11 03:24 PM | Reply | Funny: 2

Who cares?

#2 | Posted by AndreaMackris at 2019-07-11 04:09 PM | Reply | Funny: 1

#2
Certainly not Republicans. At least till 2020, then, with the new POTUS and Dem House and Senate, they will discover the deficit as a national disaster.

Happens every time.

#3 | Posted by oldwhiskeysour at 2019-07-11 04:28 PM | Reply | Newsworthy 3

#2 BBanner raises his hand*

#4 | Posted by BruceBanner at 2019-07-11 04:34 PM | Reply | Newsworthy 2

Democrats' deficit reduction plan: 10s of trillions in new socialist programs.

#5 | Posted by nullifidian at 2019-07-11 05:07 PM | Reply

Who cares?
#2 | POSTED BY ANDREAMACKRIS AT 2019-07-11 04:09 PM

It means that those anti-social programs such as the border controversy are sucking the nation dry.

Oh, to answer your question - Americans care. Whereever you are from is obviously so far removed from this issue you couldn't understand it's impact even if you witness homeless junkies shooting up in a Starbucks bathroom.

#6 | Posted by redlightrobot at 2019-07-11 05:08 PM | Reply | Newsworthy 2

Who cares?

#2 | POSTED BY ANDREAMACKRIS

I'm pretty sure you cared, just a few short years ago.

#7 | Posted by Whatsleft at 2019-07-11 05:08 PM | Reply | Newsworthy 2

Everything the bankruptcy-prone orange turd touches dies.

#8 | Posted by reinheitsgebot at 2019-07-11 05:09 PM | Reply

Quick! More tax cuts.

#9 | Posted by lee_the_agent at 2019-07-11 05:15 PM | Reply | Funny: 1

The 10-yr UST closed at 2.14% today. A week ago it was 2.05%. Looks like the prospect of a Fed rate cut will be chewed up by the market noticing higher CPI and lower jobless claims. There are enough cross-currents in the market that in 'normal' (read: non-Trumpian) times the Fed would stand pat and try to talk the market in the direction they want it to go. The result of the up-coming rate cut will be more market turbulence, with almost no positive effect, followed by more Trump screaming about the Fed.

The rate cut is brought to you by a cowed Fed Chair, after demands from a president and his cabal of know-nothing, talking head economic advisers who are bringing more damage to this country than can be observed now, but may well be in time for the 2020 election...

#10 | Posted by catdog at 2019-07-11 05:17 PM | Reply

Has anyone suggested more tax cuts and tariffs yet?

Possibly more vacations for the royal Trump family at the taxpayers expense?

Another military parade could help.

#11 | Posted by ClownShack at 2019-07-11 05:21 PM | Reply | Newsworthy 1

Deficits don't matter when we have a GOP POTUS.

#12 | Posted by IndianaJones at 2019-07-11 05:23 PM | Reply | Newsworthy 1

Democrats' deficit reduction plan: 10s of trillions in new socialist programs.

#5 | POSTED BY NULLIFIDIAN AT 2019-07-11 05:07 PM | FLAG:

Do you have any intentions of holding this THIS president accountable for what jesus doing? Because you're presently holding someone accountable who isn't even in office?

Partisan politics aside. Serious question Nulli...

#13 | Posted by lfthndthrds at 2019-07-11 05:26 PM | Reply

Lol jesus= he's

#14 | Posted by lfthndthrds at 2019-07-11 05:27 PM | Reply

BLOTUS will say he's going to force Mexico to make up the shortfall and the deplorables will believe him.

#15 | Posted by reinheitsgebot at 2019-07-11 05:28 PM | Reply

Who cares?

#2 | POSTED BY ANDREAMACKRIS AT 2019-07-11 04:09 PM | FLAG:

I do. This is unsustainable. Sure I'll benefit from the tax cut on the 5000 shares of stock my company just gave me and my personal taxes but the rate of inflation is going to make my money worthless in the future.

#16 | Posted by lfthndthrds at 2019-07-11 05:32 PM | Reply | Newsworthy 1

==Partisan politics aside. Serious question Nulli...

I like Rand Paul's plan.

Bipartisan Senate Effort Predictably Kills Rand Paul's Plan to Balance the Federal Budget

Paul's proposal to cut 2 percent from the federal budget for the next five years was predictably opposed by both Democrats and most Republicans

reason.com

#17 | Posted by nullifidian at 2019-07-11 05:33 PM | Reply | Newsworthy 1

#17

It's pretty simple, if we balance the budget, the national debt would be mostly erased in 10 years.

-Peter R. Orzag, June, 2009

#18 | Posted by Rightocenter at 2019-07-11 05:39 PM | Reply

-- cut 2 percent from the federal budget for the next five years

What? Force thousands of bureaucrats to work in the private sector? You don't know what it's like out there.

www.youtube.com

#19 | Posted by nullifidian at 2019-07-11 05:49 PM | Reply

#19

OMB estimated that cutting 2% from the Federal Budget over the next 5 years would save 11 Trillion Dollars, and cutting it for 10 years would save 23 Trillion Dollars, which is more than the National Debt.

That won't work!

-All the Dems and Repubs in DC

#20 | Posted by Rightocenter at 2019-07-11 06:10 PM | Reply

An economy that lives by credit, dies by credit.
The deficits have to increase to keep the economy from collapsing.
How long this can continue is anybody's guess.

#21 | Posted by Ray at 2019-07-11 06:24 PM | Reply

#19 | Posted by nullifidian

That is HUGE cuts when you consider the Military, SS and Medicare are 2/3rds of the budget. Frankly I am okay cutting all three for now.

#22 | Posted by GalaxiePete at 2019-07-11 06:31 PM | Reply

An economy that lives by credit, dies by credit.
The deficits have to increase to keep the economy from collapsing.
How long this can continue is anybody's guess.

POSTED BY RAY AT 2019-07-11 06:24 PM | REPLY

I don't know. I don't have 1,400 points to give you.

#23 | Posted by LauraMohr at 2019-07-11 06:31 PM | Reply | Funny: 2

Again, where is the TeaParty? They seemed to care about this stuff when the black guy was in the whitehouse. Once their Orange Fuhrer took over they are nowhere to be found!

Teajadists, where art thou?

#24 | Posted by aborted_monson at 2019-07-11 06:36 PM | Reply | Newsworthy 4

And Mitch McConnell is already making noise about having to slash programs like Social Security, Medicare, Medicaid, etc.

This was part of the plan all along; cut taxes, and lie to the people about it not adding the the national debt, however, when it does, then say that we have to cut domestic programs to make-up the difference. This is what Bush 43 did. Even Reagan tried it, but ended-up having to raise taxes to stop the bleeding, which hit the middle-class the hardest, which for Republicans was an acceptable outcome. Just you wait, what few tax breaks that were in the GOP tax package for low and middle-class people, like tax exemptions for children and such, are all temporary and they will now be allowed to expire so as to increase tax revenues, while the corporate tax breaks will remain in place since they were permanent right from the get-go.

OCU

#25 | Posted by OCUser at 2019-07-11 06:36 PM | Reply | Newsworthy 5

Who cares?

#2 | Posted by AndreaMackris

REPUBLICANS...when they're not in power.

Then when they are they dont care about the price of any tax cuts or wars. They still think the NEA's tiny budget is unaffordable though.

#26 | Posted by SpeakSoftly at 2019-07-11 06:38 PM | Reply

Again, where is the TeaParty? They seemed to care about this stuff when the black guy was in the whitehouse. Once their Orange Fuhrer took over they are nowhere to be found!

Teajadists, where art thou?

#24 | Posted by aborted_monson

Yup their whole movement was racism dressed up as fiscal responsibility. The fact that they vanished after the black president was gone, when fiscal responsibility has gotten WORSE, proves it.

#27 | Posted by SpeakSoftly at 2019-07-11 06:39 PM | Reply

- Mitch McConnell is already making noise about having to slash programs like Social Security, Medicare, Medicaid, etc.

This has been the plan all along... still Starve the Beast, has been since Reagan.

Give the wealthy/corps yuge tax cuts, then cut services to avg Americans to pay for them.

Which is obviously fine by the Dull Mattress set and their atty.

#28 | Posted by Corky at 2019-07-11 06:40 PM | Reply | Newsworthy 1

Alex- Presidents for $1,000..

Who came the closest to doubling the national debt on his watch??

#29 | Posted by homerj at 2019-07-11 06:45 PM | Reply

I don't know. I don't have 1,400 points to give you.
#23 | POSTED BY LAURAMOHR

That's what I can expect when you have nothing intelligent to say.

#30 | Posted by Ray at 2019-07-11 06:45 PM | Reply | Newsworthy 1

An economy that lives by credit, dies by credit.
The deficits have to increase to keep the economy from collapsing.
How long this can continue is anybody's guess.

#21 | Posted by Ray

Or we could just do something smart like cut the military budget and tax the rich. We'd be fine then.

#31 | Posted by SpeakSoftly at 2019-07-11 06:45 PM | Reply | Newsworthy 2

That's what I can expect when you have nothing intelligent to say.

#30 | Posted by Ray

Pointing out your lack of credibility when it comes to predictions is something intelligent to say.

You called a shot, you missed the shot. Now you have to suck up the ridicule for being wrong.

Or just get a new username...

#32 | Posted by SpeakSoftly at 2019-07-11 06:46 PM | Reply | Newsworthy 1

Who came the closest to doubling the national debt on his watch??

#29 | Posted by homerj

DING "Yes, AU?"

AU: George W Bush and the Republican Congress!

(It was $5.6 Trillion when W and GOP took power and we were running surpluses. The national debt was $12 Trillion when they left .. with the budget doubled and 2 rounds of tax cuts and a recession cutting revenues, leaving a $1.4 Trillion deficit for W's 2009 budget and systemic deficits for others to deal with)

#33 | Posted by AMERICANUNITY at 2019-07-11 07:01 PM | Reply | Newsworthy 2

When the pentagon sucks up 54% of the budget, we can't have nice things.

#34 | Posted by lee_the_agent at 2019-07-11 07:21 PM | Reply | Newsworthy 3

Pointing out your lack of credibility when it comes to predictions is something intelligent to say.
You called a shot, you missed the shot. Now you have to suck up the ridicule for being wrong.
Or just get a new username...

#32 | POSTED BY SPEAKSOFTLY

I said something perfectly sensible.

An economy that lives by credit, dies by credit.
The deficits have to increase to keep the economy from collapsing.
How long this can continue is anybody's guess.

It went right over your head and turns into an issue about me.

I have no plans to post here regularly. Today, the mood happened to strike me.

#35 | Posted by Ray at 2019-07-11 07:22 PM | Reply

It went right over your head and turns into an issue about me.

I have no plans to post here regularly. Today, the mood happened to strike me.

#35 | Posted by Ray

You should post here more often. Just use another username. Because you'll never live down that DOW 1400 crap. That's the problem with confidently declaring falsehoods or wildly missing predictions.

It doesn't hurt trump, but you're not trump.

#36 | Posted by SpeakSoftly at 2019-07-11 07:59 PM | Reply

Yall are too hard on Ray. Give him a break. Hes trying

#37 | Posted by lfthndthrds at 2019-07-11 08:18 PM | Reply

#36 | POSTED BY SPEAKSOFTLY

The Dow 1400 was over ten years ago. Once! You libs are wrong every day. If course I can't prove that to you. The problem is not me. It's you.

You should post here more often. Just use another username

It's what I say that gets you people all fired up. No username can conceal that fact.

#38 | Posted by Ray at 2019-07-11 08:27 PM | Reply | Newsworthy 1

Democrats' deficit reduction plan: 10s of trillions in new socialist programs.

#5 | POSTED BY NULLIFIDIAN AT 2019-07-11 05:07 PM |

Spending $40 Billion/year on more military gets us nothing. Spending $40 Billion/year on free college for all high school grads doubles the lifetime earnings of all those who would otherwise not have gone to college. College graduate start more companies, hire more employees, and pay more taxes than people kept out of participation.

Spending $32 Trillion on Universal Healthcare is cheaper than spending $40 Trillion on private insurance that does everything it can to maximize profit and not health of the insured

Spending money on poverty programs is cheaper than spending money on the crime and disease that comes from NOT helping people

Spending money on mental hospitals like we used to is cheaper than cleaning up the mess every time someone who could live a normal life with the right treatment has a mental episode

#39 | Posted by hatter5183 at 2019-07-11 08:33 PM | Reply

It's what I say that gets you people all fired up. No username can conceal that fact.

#38 | Posted by Ray

What do you think you're bringing to the table that everyone is afraid of?

I honestly dont know what your posts contain. All I know is you're the guy who was telling everyone to buy gold because the DOW was going to drop to 1400. I hope no one listened to you then. And any advice you have for the nation now is advice that comes from a guy who told everyone to buy gold because the dow was going to 1400.

#40 | Posted by SpeakSoftly at 2019-07-11 08:36 PM | Reply

The Dow 1400 was over ten years ago. Once! You libs are wrong every day. If course I can't prove that to you. The problem is not me. It's you.
You should post here more often. Just use another username
It's what I say that gets you people all fired up. No username can conceal that fact.

The Dow is meaningless. They swap companies in and out so fast that the number is meaningless. If you want to Compare Dow averages to the Dow 10 years ago you have to include the companies that went bankrupt and were replaced in the DOW. The DOW is a company. The NYSE is a company. Neither are measures of the economy

#41 | Posted by hatter5183 at 2019-07-11 08:36 PM | Reply

Just like sheep4trump proclaimed the 2018 midterms were going to be a bloodbath for the dems. The opposite was true. He was smart enough to hide for a couple days after that, but when you make bold predictions you'd better either be sure about them or be prepared to lose your credibility and be mocked.

#42 | Posted by SpeakSoftly at 2019-07-11 08:38 PM | Reply

He was smart enough to hide for a couple days after that...

Actually it was several blessed months.

#43 | Posted by REDIAL at 2019-07-11 08:47 PM | Reply | Funny: 1 | Newsworthy 3

Dow: 27,000, Deficit: $747 billion

pretty much.... save some money kids. you'll need it.

#44 | Posted by BruceBanner at 2019-07-11 10:07 PM | Reply

"He was smart enough to hide for a couple days after that..."

I suspect there were a few other changes to his life in that time too. If you're unfortunate enough to read his posts, you'll see the reason he wants to see children raped and the world burned down.

#45 | Posted by BruceBanner at 2019-07-11 10:18 PM | Reply | Newsworthy 2

-The Dow is meaningless. They swap companies in and out so fast that the number is meaningless.

en.wikipedia.org

how fast do you think companies enter and exit the Dow.

Do you really know what the Dow is? How many companies on the Dow have gone bankrupt in the last 10 years. It's 30 companies

I'll concede the Dow is not to be overvalued as a measurement of the health of the economy.

But....how significant is the budget deficit in the same manner, by itself?

Nothing, IMO, by itself is that valuable of a measurement. I think it takes several barometers to really accomplish that.

#46 | Posted by eberly at 2019-07-11 10:21 PM | Reply

"How many companies on the Dow have gone bankrupt in the last 10 years. It's 30 companies"

Companies get rotated out of the DJIA before they go bankrupt.

#47 | Posted by snoofy at 2019-07-11 10:29 PM | Reply

3 or 4 companies have been added in the last 10 years.

I don't think the turnover in the DOW renders it meaningless

#48 | Posted by eberly at 2019-07-11 10:35 PM | Reply

Nor do I. It mirrors the other market indices well enough.

#49 | Posted by snoofy at 2019-07-11 11:36 PM | Reply

how significant is the budget deficit in the same manner, by itself?
Nothing, IMO, by itself is that valuable of a measurement. I think it takes several barometers to really accomplish that.

#46 | POSTED BY EBERLY AT 2019-07-11 10:21 PM | REPLY | FLAG:

You're living in the bubble.

#50 | Posted by BruceBanner at 2019-07-12 01:34 AM | Reply

Yall are too hard on Ray. Give him a break. Hes trying

#37 | Posted by lfthndthrds

I second that thought. Ray disappeared from here for awhile, probably due to a serious illness caused by (insert conspirators/planets of origin).

But Ray was smart; he studied the benefits of ingesting gold powder - a secret known to ancient Egyptians - used his hoard of gold to heal himself. The result? HE'S BACK!!

#51 | Posted by AMERICANUNITY at 2019-07-12 03:00 AM | Reply | Funny: 2

Do you think the DOW would be where it is if you included Bethlehem Steel, Sears, GE, and Citigroup? They have all been removed for poor performance and replaced by the current rockstars of the stock market.

#52 | Posted by hatter5183 at 2019-07-12 09:47 AM | Reply

Similarly, I understand the gains are coming from very few companies.

#53 | Posted by BruceBanner at 2019-07-12 10:32 AM | Reply

That's why Trump is freaking out about Europe taxing tech.

#54 | Posted by BruceBanner at 2019-07-12 12:39 PM | Reply

"But the CBO projects that deficits will top $1 trillion beginning in 2022 and will remain above $1 trillion annually through 2029."

"In addition, Congress must pass an increase to the debt ceiling or risk an unprecedented default in the $22 trillion national debt."

When does the partisan hate stop and the eyebrows rise? At what point does America look at this and declare it a problem that has to be fixed? Taxes need to go up across the board, spending needs to lessen across the board, and collaboration needs to increase significantly. Once we balance everything, then we can decide to up the funding on programs every time a deficit surplus is realized. It really isn't that hard to do. It is only hard in America because both sides are so full of ego and hate that they specifically blame all the problems on the other side.

#55 | Posted by humtake at 2019-07-12 12:42 PM | Reply

McConnell knows what he is doing. The same he HAS been doing for
over a decade, running up deficits and then screaming bloody murder
that the Social Safety Net (medicare, medicaid, social security, food stamps, etc...)
needs cutting. Then forgetting all this in the next round of Billionaire
Tax Cuts, only to start the whole cycle all over again. Only idiot
non-millionaire and billionaire Republicans are stupid enough to keep falling
for it. 40 years of Trickle Down -------- and Running Up of Deficits and what
has it got you Redneck GOP American? Just a larger deficit and less for
the Middle Class. Morons...

#56 | Posted by earthmuse at 2019-07-12 03:07 PM | Reply

It's the Kansas miracle on a national scale!

#57 | Posted by dibblda at 2019-07-12 05:47 PM | Reply

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