Signing This Terrible Bill Will Be A Loss For Trump - And America - Not A Win

[Oddball]

 

[ThisIsMe]

‘The big, ugly bill is likely to be voted on in the Senate tomorrow, and at this point it appears headed to passage. The House will then be asked to vote on it as is - with even deeper Medicaid cuts than the House passed - so Trump can have a “win” as he heads into the July 4 holiday.
[…]
First, we need to begin to describe what may happen this week as a “loss” for Trump and the country. Signing something so unpopular is far more likely to hurt him and Republicans than help them.

And this terrible, terrible bill is going to do direct, material harm to the country - our health care system is going to be weakened, close to 100m people will be paying more for health care or lose their insurance, tens of millions will struggle to eat, our existential transition to a clean energy future undermined, an unprecedented domestic political police force will be established, the fiscal integrity of the United States will be in jeopardy to the explosion in our deficit and debt, and of course the wealthy and privileged will get their tax cuts. It is a Trumpian monstrosity, an orgy of plutocratic “let them eat cake” greed, another step forward in their fanatical, wrecking ball agenda of sabotage, plunder, and betrayal.’

Signing This Terrible Bill Will Be A Loss For Trump - And America - Not A Win

Our leaders need to hear our roar of disapproval today, tomorrow, all week. Those of you with Republican Senators or House Members need to be particularly loud now

www.hopiumchronicles.com

Republicans have contempt for sound, responsible governance – all they can do is hurt, harm, and destroy.

Hopium Chronicles ?

 

[kyzr]

The Fed doesn’t set interest rates for the federal debt.

You may be right, but Trump just said at the presser that if the Fed lowers interest rates 1% that reduces interest on the $37T debt by $300b.
Is he wrong?

 

[kyzr]

I don’t know where you get these fantasies.
Trump is borrowing and spending $3.3 trillion ON TOP of what was already expected to be needed.

No. The CBO scored the revised BBB as adding $3T over 10-years. That is $300b a year budget deficit. Add in tariffs, add in growth more than 1.8%, add in Fed rate cuts, and the math looks okay for the first budget.

We all know how this turns out. It’s the exact same play he ran in 2017.
Which would up borrowing and spending $5 trillion.

True. Trump and Mnuchin promised a 5% GDP growth with the 2017 tax cuts. Never happened. It got to 3.35% in 2019, then Covid hit. Juicing the economy too fast makes a "bubble", and hen the bubble pops and makes a recession.

US Real GDP Growth Rate by Year - Multpl

US Real GDP Growth Rate table by year, historic, and current data. Current US Real GDP Growth Rate is 2.07%.

www.multpl.com

And Trump nation didn’t get enough of a tax cut to pay for dinner at Applebees while Wall Street cased in.
I even heard one of the GOP congressmen on Face the Nation still trying to peddle the old trickle down fraud. Which has been a failure for fifty years, ring which time wealth wen from the middle class to the wealthy.

Autopen Biden and his "Bidenomics" morons caused US families to lose buying power.

Americans need an extra $11,400 today just to afford the basics, Republican analysis finds

Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.

www.cbsnews.com

Americans need an extra $11,400 today just to afford the basics​

Trump knows the deal. He will be judged by the price of eggs, the price of gas, and the price of groceries.
The 2026 mid-terms will be the first test of Trump vs democrats.

 

[Marener]

You may be right, but Trump just said at the presser that if the Fed lowers interest rates 1% that reduces interest on the $37T debt by $300b.
Is he wrong?

Yes.

 

[Twisted Gypsy Child]

Oh boy, the Daily Cry Closet by Clayton.

get back in the closet if you do not like what you see

 

[Scoutster]

Damn, It must suck to be a liberal and experience all the success of Trump lately and the failure of Democrats/liberals.