Drudge Retort: The Other Side of the News
Friday, January 31, 2020

Rick Newman: Taxes are going up. Maybe not soon, but the mushrooming national debt will eventually leave Washington no choice but to hike taxes. And the longer we wait, the more it will hurt.

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leave Washington no choice but to hike taxes.

The GOP will kill all social programs before asking the 1% to pay one nickle more.

When you see the elimination of social security and medicare as their goal, then you see why run up the credit card as fast as they do.

They learned their lesson when W did not balloon the debt enough to make "reforming" (cutting) social security palatable.

#1 | Posted by Nixon at 2020-01-31 07:29 AM | Reply

The Congressional Budget Office recently forecast annual federal deficits of more than $1 trillion for 2020, and each of the next 10 years.

Where did the teabigots go?

#2 | Posted by reinheitsgebot at 2020-01-31 12:36 PM | Reply

This is nothing new. "Starve the beast" has been R strategy for years. Run up monster deficits then use them as an excuse to kill social programs.

"Rather than proposing unpopular spending cuts, Republicans would push through popular tax cuts, with the deliberate intention of worsening the government's fiscal position. " Paul Krugman

en.wikipedia.org

#3 | Posted by SomebodyElse at 2020-01-31 01:17 PM | Reply

This is nothing new. "Starve the beast" has been R strategy for years. Run up monster deficits then use them as an excuse to kill social programs.

"Rather than proposing unpopular spending cuts, Republicans would push through popular tax cuts, with the deliberate intention of worsening the government's fiscal position. " Paul Krugman
en.wikipedia.org

#3 | POSTED BY SOMEBODYELSE AT 2020-01-31 01:17 PM | FLAG: So you conveniently forget the national debt under obama.

#4 | Posted by MSgt at 2020-01-31 01:54 PM | Reply | Funny: 1

"So you conveniently forget the national debt under obama."

Is Obama still President? I'm confused.

#5 | Posted by contrecoup at 2020-01-31 01:59 PM | Reply | Newsworthy 1

Trump is bankrupting America?

So. Business as usual for him.

And the Republicans cheer him on.

#6 | Posted by ClownShack at 2020-01-31 02:00 PM | Reply

And you can bet that they will start at the bottom and work up.

OCU

#7 | Posted by OCUser at 2020-01-31 02:02 PM | Reply | Newsworthy 2

So you conveniently forget the national debt under obama.
#4 | POSTED BY MSGT

You conveniently forget the surplus handed to BushJr which he turned into debt, creating a recession.

But. I'm not certain why you think blaming the past will help America's future.

Currently the Trump Administration is losing, spending, money faster than any prior administration.

Your Obama deflection is why you're a joke.

#8 | Posted by ClownShack at 2020-01-31 02:04 PM | Reply | Newsworthy 7

So you conveniently forget the national debt under obama.
#4 | POSTED BY MSGT

Obama stepped in to save us from the recession and he put us on this path to eliminating debt.

I remember well. Thanks for mentioning it.

#9 | Posted by BruceBanner at 2020-01-31 02:20 PM | Reply | Newsworthy 2

My entire life has been a cycle of Republicans destroying the economy to enrich corporate benefactors and Democrats making adult decisions to fix it. I cannot fathom how any self-proclaimed "fiscal conservative" continues to support Republicans against all data and evidence.

#10 | Posted by JOE at 2020-01-31 02:29 PM | Reply | Newsworthy 7

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10

true....but you're what?? 12 years old?

:-)

#11 | Posted by eberly at 2020-01-31 02:31 PM | Reply | Funny: 1

unless you're a billionaire/millionaire, then there
are going down....Thanks GOP and Donald Drumph!

Extra Credit Question: How do you spell corruption?
It's spelled 'G.O.P.'

#12 | Posted by earthmuse at 2020-01-31 02:48 PM | Reply

Democrats scaring the old folks... typical election prank... yawn, nothing new,,, same thing every election year... and like the last few election cycles, it don't work...

this time... worry less about TRUMP and more what you going to for Americans....

So far i am only hearing crazy --- being promised that will never happen...

#13 | Posted by Pegasus at 2020-01-31 04:54 PM | Reply | Funny: 1

So you conveniently forget the national debt under obama.

#4 | POSTED BY MSGT

The one largely driven by the huge mess made the last "c-c-conservative" policy was implemented?

#14 | Posted by jpw at 2020-01-31 06:23 PM | Reply

unless you're a billionaire/millionaire, then there
are going down....Thanks GOP and Donald Drumph!
Extra Credit Question: How do you spell corruption?
It's spelled 'G.O.P.'

#12 | POSTED BY EARTHMUSE AT 2020-01-31 02:48 PM | FLAG:

II'm going to go out on a limb here.... The way to spell "they are" isn't "there"

and you shouldn't be judge in a spelling contest. ;)

That would be like letting Hitler lead the race relations efforts in Israel.

#15 | Posted by lfthndthrds at 2020-01-31 07:50 PM | Reply

Good article.

If we can be honest, let's start by admitting that few, if any Americans want a tax increase. Which is probably why we didn't see any mention in an increase in income taxes. And with the exception of the VAT, all the other taxes were targeted at very specific groups, and they raise very little. And the one tax that might be able to raise a decent amount, the wealth tax, would be almost impossible to implement without the consent of those holding the wealth.

I've said for a long time that if the US wants to emulate western Europe's entitlement system, they need to find a suitable funding system as well. And for most of western Europe, that's a 15-25% value added tax.

#16 | Posted by madbomber at 2020-02-01 03:40 AM | Reply | Funny: 1

But I don't see trump doing ANYTHING to try and decrease the national debt.

#17 | Posted by madbomber at 2020-02-01 03:41 AM | Reply

#17 | Posted by madbomber, More jobs, more people working, more money being made, increases tax revenue. Fewer people drawing welfare, food stamps and section eight is less expenditures. See how simple that is?

#18 | Posted by docnjo at 2020-02-01 07:11 AM | Reply | Funny: 2

any self-proclaimed "fiscal conservative"

That's easy.

Today the term "fiscal conservative" is synonymous with tax cuts for millionaires and screwing the middle class and poor. Nothing more.

They can spend trillions on war, tax breaks for millionaires and bailouts for wall street, but give a poor kid a baloney sandwich and it's the end of the world.

#19 | Posted by Nixon at 2020-02-01 10:52 AM | Reply | Newsworthy 2

#19 | Posted by Nixon I do note that Trump is at least attempting to bring the troops home. Afghanistan, Iraq, Syria and maybe Europe. Japan and the ROK only have token forces there. Less than a division in each. As far as the 1% go, money is political power. It always has been.

#20 | Posted by docnjo at 2020-02-01 11:07 AM | Reply | Funny: 2

If we can be honest, let's start by admitting that few, if any Americans want a tax increase.

#16 | POSTED BY MADBOMBER AT 2020-02-01 03:40 AM | FLAG:

If we're totally honest, the speculation that taxes will have to go up belongs entirely to spending allowed by President Trump as well as his tax cuts to the wealthiest. The same man who said that he'd eliminate the national debt.

#21 | Posted by lfthndthrds at 2020-02-01 12:19 PM | Reply

#19 | Posted by Nixon I do note that Trump is at least attempting to bring the troops home. Afghanistan, Iraq, Syria and maybe Europe. Japan and the ROK only have token forces there. Less than a division in each. As far as the 1% go, money is political power. It always has been.

#20 | POSTED BY DOCNJO AT 2020-02-01 11:07 AM | FLAG:

While you were taking note, did you bother to fact check your statement? No?

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#22 | Posted by lfthndthrds at 2020-02-01 12:22 PM | Reply

Question you'll never hear at a Democrat debate:

How do you plan to balance the budget?

lol. One can imagine the stone-cold silence from the clown car.

#23 | Posted by nullifidian at 2020-02-01 12:31 PM | Reply

"How do you plan to balance the budget?"

More cuts on the revenue side.
~Republican Math

#24 | Posted by Danforth at 2020-02-01 12:35 PM | Reply

"If we can be honest, let's start by admitting that few, if any Americans want a tax increase."

Why do you believe you and I shouldn't pay for America's spending?

#25 | Posted by Danforth at 2020-02-01 12:36 PM | Reply

"I don't see trump doing ANYTHING to try and decrease the national debt."

Try Actual Math instead of Republican Math. See what happens.

#26 | Posted by Danforth at 2020-02-01 12:38 PM | Reply

Why do you believe you and I shouldn't pay for America's spending?
#25 | POSTED BY DANFORTH

Because you don't want to cut any spending, even just a little cut in the rate of increase brings out the "starve the beast" crowd, and shuts down the government.

Try Actual Math instead of Republican Math. See what happens.
#26 | POSTED BY DANFORTH

Says the idiot that drones on and on about Clinton "surpluses"....

#27 | Posted by AndreaMackris at 2020-02-01 12:41 PM | Reply

"Why do you believe you and I shouldn't pay for America's spending?"

It's not me.

If you've been paying attention, I've been saying that if progressives want to fund a ton of social programs, a Value Added Tax is the way to go. Taxing the ---- out of the 1% might tickle the far left, but it's not really going to provide enough revenue to fund all the free stuff Bernie would offer.

But we both know that the minute Bernie asked his Bros to pay for stuff, his campaign would be done.

#28 | Posted by madbomber at 2020-02-01 12:51 PM | Reply

Again.... Where did the Tea Party dorks go???

All we hear from them now is

#29 | Posted by aborted_monson at 2020-02-01 12:53 PM | Reply

"Where did the Tea Party dorks go???"

To Charlottesville.

#30 | Posted by Danforth at 2020-02-01 12:54 PM | Reply

Being the police for the entire world is getting expensive...

#31 | Posted by lfthndthrds at 2020-02-01 12:54 PM | Reply

"If you've been paying attention, I've been saying that if progressives want to fund a ton of social programs..."

I'm talking about the other side of the equation. While staring at endless deficits going forward, why weren't you against borrowing an additional $2.3 Trillion for tax giveaways?

#32 | Posted by Danforth at 2020-02-01 12:57 PM | Reply

"Says the idiot that drones on and on about Clinton "surpluses""

Just admit you don't understand math, and leave it at that.

#33 | Posted by Danforth at 2020-02-01 12:59 PM | Reply

"Because you don't want to cut any spending"

I never said that; I'd like to cut A LOT of spending. Now... address the question: until that happens, why shouldn't we pay for what we spend?

#34 | Posted by Danforth at 2020-02-01 01:02 PM | Reply

Now... address the question: until that happens, why shouldn't we pay for what we spend?

#34 | POSTED BY DANFORTH AT 2020-02-01 01:02 PM | FLAG:

Because its easier to put it on the government credit card down at the Federal Reserve?

#35 | Posted by lfthndthrds at 2020-02-01 01:09 PM | Reply

"While staring at endless deficits going forward, why weren't you against borrowing an additional $2.3 Trillion for tax giveaways?"

I agree with you dude. You can't have stuff without paying for it. But no one wants to pay for it...richer or less rich.

#36 | Posted by madbomber at 2020-02-01 01:20 PM | Reply

"I agree with you dude. '

No, you were silent about the extra $2.3 Trillion in borrowing. Still are.

"no one wants to pay for it"

I get that; but should we or not?

#37 | Posted by Danforth at 2020-02-01 01:26 PM | Reply

--But no one wants to pay for it...richer or less rich.

Who wants to pay for Sanders' $16 trillion new green scheme? Not many.

68% of Americans Wouldn't Pay $10 a Month in Higher Electric Bills to Combat Climate Change
www.cato.org

#38 | Posted by nullifidian at 2020-02-01 01:30 PM | Reply | Newsworthy 1

"I get that; but should we or not?"

You have to...I don't think it's optional.

#39 | Posted by madbomber at 2020-02-01 01:43 PM | Reply

"You have to...I don't think it's optional"

Of course you think it's optional; you were silent on borrowing more.

I'm talking about paying for it contemporaneously. Why shouldn't we pay for what we spend? And if you really want to cut spending, wouldn't paying for it at the same time, create downward pressure on spending?

#40 | Posted by Danforth at 2020-02-01 01:45 PM | Reply

"Who wants to pay for Sanders' $16 trillion new green scheme? Not many."

Which is why it would need to be implemented by force.

Given the choice, USAns won't pay more.

Now if you were to rephrase the question, should the top 1% pay more for electricity, the number of supporters would be much higher. Which is why Bernie frames his questions and positions in the context of making higher income earners pay for everything.

#41 | Posted by madbomber at 2020-02-01 01:45 PM | Reply

#40

I've repeatedly stated that the US needs a Value Added Tax. I'm not sure why you're arguing this.

#42 | Posted by madbomber at 2020-02-01 01:47 PM | Reply

Who wants to pay for Sanders' $16 trillion new green scheme?

#38 | POSTED BY NULLIFIDIAN AT 2020-02-01 01:30 PM | FLAG:

Give Trump another 4 years and let's see what this looks like. He shown no signs of letting up anytime soon. Get ready for hyper inflation. It'll be like ancient Rome all over again - off with the heads of merchants who raised their prices!

#43 | Posted by lfthndthrds at 2020-02-01 01:53 PM | Reply

"I've repeatedly stated that the US needs a Value Added Tax."

While voting for the folks who keep stating the US needs more Income Tax Cuts.

#44 | Posted by Danforth at 2020-02-01 02:15 PM | Reply | Newsworthy 1

"I've repeatedly stated that the US needs a Value Added Tax."

You've repeatedly stated Americans won't accept a Value Added Tax.

#45 | Posted by snoofy at 2020-02-01 02:19 PM | Reply | Newsworthy 1

You've repeatedly stated Americans won't accept a Value Added Tax.

#45 | POSTED BY SNOOFY AT 2020-02-01 02:19 PM | FLAG: | NEWSWORTHY 1: A VAT would be great, if it was in place of an income tax, unfortunately, I've no doubt that if imposed, we'd be fiscally encumbered with both.

#46 | Posted by MSgt at 2020-02-01 03:32 PM | Reply

OK, I know how to balance the budget. End all taxation except income tax. Then tax ALL income. No loop holes, such as legacy accounts, municipal bonds with income more than 10K, and dividends. The super rich will hate that more than having Bernie as POTUS. Remember all corporate tax is at 30% individual tax is over 40%. All stock is owned by individuals. The rich get away with this because they have the power to buy lobbyist and politicians. It makes sense to invest 10 million if you save 20 million.

#47 | Posted by docnjo at 2020-02-01 03:55 PM | Reply | Funny: 1

What about efficiency and government waste? How bad is it? Would addressing it help make spending more effective?

#48 | Posted by Idependant97 at 2020-02-02 03:51 AM | Reply

#48 | Posted by Idependant97, We could save about 10 billion reinstating a peace time draft.

#49 | Posted by docnjo at 2020-02-02 04:08 AM | Reply

We could save about 10 billion reinstating a peace time draft.

#49 | POSTED BY DOCNJO A

We send kids to die in wars that were started before they were born.

When has there ever been "peace time"?

#50 | Posted by MrSilenceDogood at 2020-02-02 06:31 AM | Reply

#17 | Posted by madbomber, More jobs, more people working, more money being made, increases tax revenue. Fewer people drawing welfare, food stamps and section eight is less expenditures. See how simple that is?

#18 | POSTED BY DOCNJO

Does it hurt being such an easy mark?

www.thebalance.com

What little increase there was was easily gobbled up by the year after year DoD budget boosts.

#51 | Posted by jpw at 2020-02-02 11:04 AM | Reply

Taxes are going up? Did Bernie or polkahontus win already?

#52 | Posted by phesterOBoyle at 2020-02-02 12:04 PM | Reply

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