GOP tax bill on track to add more than $2.5 trillion to U.S. deficit

[Oddball]

Remember, adding $2 TT to the debt annually was no big deal the previous four years.

 

[citygator]

Meh, the sausage is still being made but it's a lot less than it was.

Youre a fan of republicans deficits but not democrats deficits. You might be a cultist. The test is to look in the mirror and if you see yourself… you are a cultist.

 

[initforme]

Are we still funding research for the rainbow aspirations of transsexual earthworms,?

I dont care about that. But cutting cancer research is also a sign of a country headed backwards.

 

[1srelluc]

Youre a fan of republicans deficits but not democrats deficits. You might be a cultist. The test is to look in the mirror and if you see yourself… you are a cultist.

Oh bugger-off leftist.

Your ilk have nothing to offer America but misery.

 

[justoffal]

I dont care about that. But cutting cancer research is also a sign of a country headed backwards.

Why is it being cut? Do we know the details? This is at Harvard Yes? Are we absolutely sure they are good stewards of the money?
I'm not.

 

[August West]

Do you really think that we are going to listen to out of power leftist dems with no plan?

You were bitching no end about egg prices so here you go.

Grocery prices fell in April for the first time this year, marking the largest monthly decline since September 2020. Five of the six major grocery store group indexes dropped, led by a 12.7% decrease in egg prices, the U.S. Bureau of Labor Statistics reported Tuesday.

So, rightists enjoyed the high egg prices.

 

[task0778]

The 2017 Trump Tax Cuts will expire this year unless extended. As I understand it, the GOP is trying to extend those tax cuts, with some modifications, so here's my question: what will happen if Congress does nothing and those tax cuts expire? Taxes will go up substantially for every taxpayer, true? Does that not take us into a recession or even a depression? People will have less money to spend or invest, true?

It feels like we are fucked either way. Let the tax cuts expire and risk an economic downturn that could be pretty bad or extend the tax cuts and watch the debt climb ever higher towards the day when the shit hits the fan. It looks to me like or problem isn't taxes cuz whatever we do there doesn't fix anything. The only answer I see is with spending: we've got to control spending, which right now is politically all but impossible. That is the way out of this mess IMHO; extend the tax cuts as wisely as possible and cut spending across the board. It's gotta be both, cuz if we don't then sooner or later things are going to get nasty.

 

[leftwinger]

Do you really think that we are going to listen to out of power leftist dems with no plan?

You were bitching no end about egg prices so here you go.

Grocery prices fell in April for the first time this year, marking the largest monthly decline since September 2020. Five of the six major grocery store group indexes dropped, led by a 12.7% decrease in egg prices, the U.S. Bureau of Labor Statistics reported Tuesday.

Box of Frosted Flakes is still $5-$7 in Walmart. That ain’t made in China. Fauchi FLU to steal 2020 did that. Loafs of bread $5 for the better stuff. Donuts $16/dozen. Gas still $3.50 or $5.19 in CA. Thx Obiden.

The deep state takes 10% for themselves or wastes much of our tax money. They need no more. Cut that first. Punish those from the last 4 yrs who are rolling in billions now.

 

[leftwinger]

I dont care about that. But cutting cancer research is also a sign of a country headed backwards.

Let private research it.

 

[leftwinger]

Jobs will boom, GDP will increase, revenue will increase, fraud&waste cut by $1T right away, size of GOVT cut, import duties will even out. All will improve yet Stain…..they chirp. Don’t read or believe them. Nary a peep $8T to steal 2020, then $8T wasted or stolen using GREEN hogwash funding again.//

 

[justoffal]

A public debt is a public curse.”So said James Madison in a letter to Henry Lee in 1790. At the time, the new Americangovernment was struggling to pay off its $75 million debt to France, a country whichhad its own problems dealing with an increasingly violent revolution.Today, our massive $35 trillion national debt has eclipsed the size of our economy—the largest in the world. We have the highest debt-to-Gross Domestic Product (GDP)ratio since World War II—and it’s a time of relative peace and prosperity!According to the nonpartisan Congressional Budget Office (CBO), over the nextdecade annual deficits will increase by roughly $1 trillion, adding another $20 trillionto the national debt-more than all discretionary spending. Net interest has more thandoubled in the past three years and will nearly double in the coming decade, growingto the third largest expenditure item in the federal government. For every dollar weborrow, over 60 cents will go just to paying interest on the national debt. Today, netinterest on the debt now exceeds what we spend on our entire national defense.To make matters worse, Social Security and Medicare face looming insolvency.According to the most recent Trustees report, the Medicare’s Hospital Insurance (HI)Trust Fund will be insolvent by 2036 and the primary Social Security trust fund willbe insolvent by 2033.

The dirty little secret is ..... Fuck the interest......we don't actually have to pay what is being demanded. Re-negotiate the deal and make it stick.....that simple.

 

[Robert W]

The dirty little secret is ..... Fuck the interest......we don't actually have to pay what is being demanded. Re-negotiate the deal and make it stick.....that simple.

Per the IRS, 40 percent of the public pay no Federal income tax. Those are the citizens who do not care at all. That is why Democrats created that class to begin with.

 

[justoffal]

Walmart announced this morning that price increases due to the Tariffs will start impacting in the next thirty days.

OK good to know where not to shop.....lol

 

[Clipper]

View attachment 1112174

Did Trump's asseater Newt provide any stats to back up his rant? No, because he's a lying sack of shit, always was, always will be.

 

[Robert W]

OK good to know where not to shop.....lol

I don't shop at Walmart at all.

 

[Orangecat]

according to nonpartisan estimates and budget experts.

Pfft. IOW, according to the opinions of dipsticks who agree with the idiot OP.

 

[leftwinger]

I don't shop at Walmart at all.

Since Obiden 1.0 I live at Walmart. I was born again in a self checkout lane.

 

[justoffal]

Meh, the sausage is still being made but it's a lot less than it was.

But where oh where will I buy my fake dog shit now?

 

[Robert W]

There are plenty of other places to cut other than Medicaid. No citizen need lose their benefits. Thats nonsensical.

No citizen will be harmed by Trump. He will never slash benefits of citizens.
Funny how Democrats persuaded the public the Feds are santa claus.

Read the fine print. This Is what Democrats tried to stick to the public and failed to stick it to us. They tried to codify illegal aliens immediately being covered. They included those then on medicaid must wait for the proposal below to be law for 1 year.

H.R.3421 — 118th Congress (2023-2024)​

Shown Here:​

Medicare for All Act

This bill establishes a national health insurance program that is administered by the Department of Health and Human Services (HHS).

Among other requirements, the program must (1) cover all U.S. residents; (2) provide for automatic enrollment of individuals upon birth or residency in the United States; and (3) cover items and services that are medically necessary or appropriate to maintain health or to diagnose, treat, or rehabilitate a health condition, including hospital services, prescription drugs, mental health and substance abuse treatment, dental and vision services, long-term care, gender affirming care, and reproductive care, including contraception and abortions.

The bill prohibits cost-sharing (e.g., deductibles, coinsurance, and copayments) and other charges for covered services. Additionally, private health insurers and employers may only offer coverage that is supplemental to, and not duplicative of, benefits provided under the program.

Health insurance exchanges and specified federal health programs terminate upon program implementation. However, the program does not affect coverage provided through the Department of Veterans Affairs or the Indian Health Service.

The bill also establishes a series of implementing provisions relating to (1) health care provider participation; (2) HHS administration; and (3) payments and costs, including the requirement that HHS negotiate prices for prescription drugs.

Individuals who are age 18 or younger, age 55 or older, or already enrolled in Medicare may enroll in the program starting one year after enactment of this bill; other individuals may buy into the program at this time. The program must be fully implemented two years after enactment.

 

[Robert W]

Since Obiden 1.0 I live at Walmart. I was born again in a self checkout lane.

My son and I live together I assist him with expenses. He swears by Walmart and I shop at Fred Meyer which is really Kroger. I get meat sales at 2 for 1 price. He also does that at Fred Meyer. Both of us have the delivery free service. I also use Fred Meyer pharmacy. That pharmacy, now after Trump, took charge finally sells me Trulicity for a 1/3 of the Biden costs.