Drudge Retort: The Other Side of the News
Thursday, March 28, 2024

"The need to increase the debt limit1 has focused attention on the size and trajectory of the federal debt. Long-term projections show2 that federal debt as a percentage of the U.S. economy is on a path to grow indefinitely, with increased noninterest spending due to demographic changes such as increasing life expectancy, declining fertility, and decreased immigration and rising health care costs permanently outstripping revenues under projections based on current law. House Republican leaders have used this fact to call for spending cuts,3 but it does not address the true cause of rising debt: Tax cuts initially enacted during Republican trifectas in the past 25 years slashed taxes."


Following Tuesday's deadly collapse of the Francis Scott Key Bridge in Baltimore, some Republican officials, candidates and right-wing pundits attempted to connect the tragedy to some of their most frequent political targets: diversity initiatives, illegal immigration, coronavirus lockdowns and the Biden administration. Read more


When conservative icon Matt Schlapp announced Tuesday that the sexual battery and defamation lawsuit against him had been dropped, he and his allies were quick to note that the ordeal ended without him or the American Conservative Union"the right-wing organization he runs"paying his accuser a single dollar. But what Schlapp didn't disclose was that the Republican operative who sued him was, in fact, paid to drop the lawsuit, according to two people with knowledge of the payout. It was just that the money came from ACU's insurance company, these two people told The Daily Beast. Minutes before this article published, CNN ran a story also revealing that the lawsuit was dropped only after Schlapp's accuser was paid $480,000 from ACU's insurer"an amount one of the sources confirmed to The Daily Beast.) Read more


A California judge on Wednesday recommended disbarring a lawyer at the center of former President Trump's efforts to overturn the results of the 2020 election. State Bar Judge Yvette Roland found John Eastman culpable on 10 of the 11 counts filed by the California State Bar last year. The state bar sought to strip Eastman's license to practice law in the state over "false and misleading statements" about purported election fraud and his role in "provoking" the Jan. 6, 2021, Capitol riot.


Sam Bankman-Fried, the former billionaire crypto boss who was convicted of fraud and money laundering last year, will return to court in New York on Thursday to be sentenced for his crimes. It is certain the 32-year-old will be going to jail; what is not known is how long for. Read more


Wednesday, March 27, 2024

The US stock market has hit a record high after a string of downbeat trading sessions. All three leading stock indexes rose on Wednesday, ending a three-day lull. The S&P 500, which tracks the performance of 500 of the largest US companies, finished up 0.9 percent on Wednesday, surpassing last week's record. The rise leaves the benchmark index up more than 10 percent so far in 2024. The Dow Jones Industrial Average and Nasdaq Composite rose 1.22 percent and 0.51 percent, respectively.


A Twitter/X account with a profile picture of Trump behind bars was created in April 2023 in her name. But her known account still exists, under a changed name.


A man convicted of charges related to the January 6, 2021, riot at the U.S. Capitol is getting out of jail early due to the Supreme Court taking up a case that may affect the sentences of hundreds of defendants. Read more


Joe Lieberman, the first Jewish vice-presidential nominee of a major party, whose conscience and independent streak later led him on a journey away from his home in the Democratic Party, has died at 82, according to a statement from his family.


"We are sacrificing time away from family and making more money in the private sector for the vanity of a few people (on both sides) that want to raise money and their media profiles," said one House Republican.

"The vast majority of members came to make a difference. We understand the utility of posturing and politics for the goal of governing. That's not what's going on anymore though. The inmates are running the asylum," the lawmaker added. Read more


A California judge has formally recommended that attorney John Eastman lose his law license for his role in Donald Trump's legal effort to remain in power after losing the 2020 presidential election. In addition to disbarment, Judge Roland recommended that Eastman pay $10,000 in fines. Read more


Michele Morrow, the Republican nominee to lead North Carolina K-12 schools touted her work for a group that said school shooting are false flags, 9/11 was an inside job, and that Obama had a "Hitler bloodline."


An adult male allegedly stabbed multiple victims in the Rockford, Illinois area on Wednesday, leaving four people dead, one in critical condition and four others in stable condition, authorities said in a press conference Wednesday. A postal worker is among the four individuals who died, Rockford Police confirmed. Details about the other victims have not been released. The attacks took place before 1:15 p.m., local time, near Holmes Street, Cleveland Avenue and Eggleston Road, according to authorities, who noted this was a "multi-jurisdictional crime scene."


Russia has intensified its online efforts to derail military funding for Ukraine in the United States and Europe, largely by using harder-to-trace technologies to amplify arguments for isolationism ahead of the U.S. elections, according to disinformation experts and intelligence assessments. Read more


Fast food workers are losing their jobs in California as more restaurant chains prepare to meet a new $20 minimum wage set to go into effect next week. Restaurants making cuts are mostly pizzerias, according to a report published by The Wall Street Journal. Multiple businesses have plans to axe hundreds of jobs, as well as cut back hours and freeze hiring, the report shows. Read more


The exploding demand for cheap power means Iceland has become a global hub for Bitcoin mining, and that's something Iceland's Prime Minister Katrn Jakobsdttir is not happy with.


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