The "Beautiful" Budget bill in Congress right now (pushed by both Trump and Johnson), would raise National debt by $4 Trillion, if passed!

[Luckyone]

Trump's actions of cutting spending by getting rid of many of the department's presently in place at the beginning of 2025, was supposed to get rid of much of the debt that U.S. has amassed over the past 60 years. Nonetheless and if passed, the present budget bill that Johnson has put together and that Trump supports, will add to the U.S debt by $4 Trillion. In addition, it takes away from the poor (cuts Medicaid for 7.6 to 10.3 million) and gives more money to the rich.

AI Overview

The House budget resolution being considered in Congress proposes a $4 trillion increase to the debt limit, according to PBS and McGuireWoods Consulting. This is intended to allow the Treasury to continue paying bills and avoid a federal debt default. The bill also includes provisions for tax cuts and potential cuts in other areas to offset the cost, according to the Center on Budget and Policy Priorities.

AI Overview

The potential impact of President Trump's budget bill on Medicaid enrollment is significant, with estimates varying between 7.6 and 10.3 million people potentially losing coverage by 2034 if the proposed cuts and reforms are enacted.

Is this what Americans need and want?


.

 

[mudwhistle]

Trump's actions of cutting spending by getting rid of many of the department's presently in place at the beginning of 2025, was supposed to get rid of much of the debt that U.S. has amassed over the past 60 years. Nonetheless and if passed, the present budget bill that Johnson has put together and that Trump supports, will add to the U.S debt by $4 Trillion. In addition, it takes away from the poor (cuts Medicaid for 7.6 to 10.3 million) and gives more money to the rich.

AI Overview

The House budget resolution being considered in Congress proposes a $4 trillion increase to the debt limit, according to PBS and McGuireWoods Consulting. This is intended to allow the Treasury to continue paying bills and avoid a federal debt default. The bill also includes provisions for tax cuts and potential cuts in other areas to offset the cost, according to the Center on Budget and Policy Priorities.

AI Overview

The potential impact of President Trump's budget bill on Medicaid enrollment is significant, with estimates varying between 7.6 and 10.3 million people potentially losing coverage by 2034 if the proposed cuts and reforms are enacted.

Is this what Americans need and want?


.

We have to assume that you're lying....because anything that helps the economy is bad.....according to you leftists.

The best way to improve the economy is make sure that we the people can keep more of our money.

And because we keep more of OUR MONEY we end up spending more of OUR MONEY, which tends to improve the GDP.

And Trump wants to cut Medicaid to people who aren't doing anything but taking drugs and watching TV......and illegals that are collecting Medicaid benefits when they shouldn't be.

It also seems that much of the spending that's been going on is being cut by this bill....but you folks on the left don't want to cut spending because it would improve the economy.

 

[bendog]

Dollar is down 8% THIS YEAR, and the fed just started QE again by buying US debt

https://www.marketwatch.com/story/why-is-the-fed-quietly-buying-billions-in-bonds-and-hoping-nobody-notices-6bda3791

 

[Toddsterpatriot]

Trump's actions of cutting spending by getting rid of many of the department's presently in place at the beginning of 2025, was supposed to get rid of much of the debt that U.S. has amassed over the past 60 years. Nonetheless and if passed, the present budget bill that Johnson has put together and that Trump supports, will add to the U.S debt by $4 Trillion. In addition, it takes away from the poor (cuts Medicaid for 7.6 to 10.3 million) and gives more money to the rich.

AI Overview

The House budget resolution being considered in Congress proposes a $4 trillion increase to the debt limit, according to PBS and McGuireWoods Consulting. This is intended to allow the Treasury to continue paying bills and avoid a federal debt default. The bill also includes provisions for tax cuts and potential cuts in other areas to offset the cost, according to the Center on Budget and Policy Priorities.

AI Overview

The potential impact of President Trump's budget bill on Medicaid enrollment is significant, with estimates varying between 7.6 and 10.3 million people potentially losing coverage by 2034 if the proposed cuts and reforms are enacted.

Is this what Americans need and want?


.

In addition, it takes away from the poor (cuts Medicaid for 7.6 to 10.3 million)

It's very sad when illegal aliens can't get Medicaid.

 

[22lcidw]

Trump's actions of cutting spending by getting rid of many of the department's presently in place at the beginning of 2025, was supposed to get rid of much of the debt that U.S. has amassed over the past 60 years. Nonetheless and if passed, the present budget bill that Johnson has put together and that Trump supports, will add to the U.S debt by $4 Trillion. In addition, it takes away from the poor (cuts Medicaid for 7.6 to 10.3 million) and gives more money to the rich.

AI Overview

The House budget resolution being considered in Congress proposes a $4 trillion increase to the debt limit, according to PBS and McGuireWoods Consulting. This is intended to allow the Treasury to continue paying bills and avoid a federal debt default. The bill also includes provisions for tax cuts and potential cuts in other areas to offset the cost, according to the Center on Budget and Policy Priorities.

AI Overview

The potential impact of President Trump's budget bill on Medicaid enrollment is significant, with estimates varying between 7.6 and 10.3 million people potentially losing coverage by 2034 if the proposed cuts and reforms are enacted.

Is this what Americans need and want?


.

The poor younger people in this nation if you are true. Of course, when you come to power you make it worse. Two trillion-dollar deficits! Joe did that. You did that. So, when you return, raise all the taxes on rich and corporate entities to 70% and more. See what happens. This is not easy things that have to be done. No one want to be losers in the legislation. You guys certainly did not care with the inflation. The TV media/entertainment shills were in perfect denial.

 

[Toddsterpatriot]

Dollar is down 8% THIS YEAR, and the fed just started QE again by buying US debt

https://www.marketwatch.com/story/why-is-the-fed-quietly-buying-billions-in-bonds-and-hoping-nobody-notices-6bda3791

the fed just started QE again by buying US debt

No, they didn't.

 

[Luckyone]

Dollar is down 8% THIS YEAR, and the fed just started QE again by buying US debt

https://www.marketwatch.com/story/why-is-the-fed-quietly-buying-billions-in-bonds-and-hoping-nobody-notices-6bda3791

I forgot to mention in the OP this news from yesterday

Moody's Downgrades U.S. Credit Rating, Warns Recent Policy ...​

The new report from Moody's downgrades the U.S. credit rating from the top level of Aaa (negative) to Aa1 (stable). In its announcement, Moody's stated the following primary reasons for doing so: Growing debt caused by increased federal spending and reduced revenues from tax cuts.

This is all caused by Trump

 

[Toddsterpatriot]

I forgot to mention in the OP this news from yesterday

Moody's Downgrades U.S. Credit Rating, Warns Recent Policy ...​

The new report from Moody's downgrades the U.S. credit rating from the top level of Aaa (negative) to Aa1 (stable). In its announcement, Moody's stated the following primary reasons for doing so: Growing debt caused by increased federal spending and reduced revenues from tax cuts.

This is all caused by Trump

Exactly!
Nothing to do with Obama and Biden adding $18 trillion to the debt.

 

[bendog]

Exactly!
Nothing to do with Obama and Biden adding $18 trillion to the debt.

Yes it's biden's fault trump big beautiful bill runs 4 tril deficit.

 

[Luckyone]

The poor younger people in this nation if you are true. Of course, when you come to power you make it worse. Two trillion-dollar deficits! Joe did that. You did that. So, when you return, raise all the taxes on rich and corporate entities to 70% and more. See what happens. This is not easy things that have to be done. No one want to be losers in the legislation. You guys certainly did not care with the inflation. The TV media/entertainment shills were in perfect denial.

Another bullshit reply with false facts and blaming the Democrats.

The Democrats certainly were not causing tax cuts to HELP THE RICH, and inflation was caused by the pandemic (not by the Democrats).

Trump raised the debt by $8 Trillion the first time around and will raise it by $4 trillion this time around.

What (if anything) has actually been FIXED?

NOTHING!!!!!

 

[Rambunctious]

Trump's actions of cutting spending by getting rid of many of the department's presently in place at the beginning of 2025, was supposed to get rid of much of the debt that U.S. has amassed over the past 60 years. Nonetheless and if passed, the present budget bill that Johnson has put together and that Trump supports, will add to the U.S debt by $4 Trillion. In addition, it takes away from the poor (cuts Medicaid for 7.6 to 10.3 million) and gives more money to the rich.

AI Overview

The House budget resolution being considered in Congress proposes a $4 trillion increase to the debt limit, according to PBS and McGuireWoods Consulting. This is intended to allow the Treasury to continue paying bills and avoid a federal debt default. The bill also includes provisions for tax cuts and potential cuts in other areas to offset the cost, according to the Center on Budget and Policy Priorities.

AI Overview

The potential impact of President Trump's budget bill on Medicaid enrollment is significant, with estimates varying between 7.6 and 10.3 million people potentially losing coverage by 2034 if the proposed cuts and reforms are enacted.

Is this what Americans need and want?


.

"This is intended to allow the Treasury to continue paying bills and avoid a federal debt default"
The damage was done over the last four years so don't blame Trump... he is fixing what president autopen fucked up... it will take a trillion just to get the illegal criminals out.... and that's all on President autopen....

 

[Luckyone]

"This is intended to allow the Treasury to continue paying bills and avoid a federal debt default"
The damage was done over the last four years so don't blame Trump... he is fixing what president autopen fucked up... it will take a trillion just to get the illegal criminals out.... and that's all on President autopen....

 

[Rambunctious]

Biden had the keys and the nations piggy bank for four years... elections have consequences especially when you steal an election....

 

[Toddsterpatriot]

Yes it's biden's fault trump big beautiful bill runs 4 tril deficit.

Biden ran up more debt than Trump, with no recession.

 

[Nuthin' Fancy]

Gotta control spending and reduce the deficit.
I know, I can write another bad check.
I'm fucking brilliant..........A "stable genius".
45 years of trying to put a square peg in a round hole. (tax cuts)
My boss deserves a raise.
Hasn't worked, not even once, yet the dumb shits try it again.

 

[mudwhistle]

I forgot to mention in the OP this news from yesterday

Moody's Downgrades U.S. Credit Rating, Warns Recent Policy ...​

The new report from Moody's downgrades the U.S. credit rating from the top level of Aaa (negative) to Aa1 (stable). In its announcement, Moody's stated the following primary reasons for doing so: Growing debt caused by increased federal spending and reduced revenues from tax cuts.

This is all caused by Trump

Didn't have to mention it.

Moody's is a political operation these days.

Course taking into consideration the legacy that Biden left behind....it's really no surprise.

But Moody's downgraded us before....and it usually doesn't get any focus from the media when a Democrat is in the WH.

 

[my2¢]

It's not a Democrat vs Republican kind of thing.
It's Democrat AND Republican vs fiscal responsibility.

 

[Luckyone]

Biden had the keys and the nations piggy bank for four years... elections have consequences especially when you steal an election....

Well, if that is true, you better be ready to blame Trump (not Biden) for what he has done the last 4 months. He has done more actions that Biden did, and as such, he should be accountable for HIS actions

 

[Winston]

The best way to improve the economy is make sure that we the people can keep more of our money.

And because we keep more of OUR MONEY we end up spending more of OUR MONEY, which tends to improve the GDP.

When we the people pay taxes, who gets that money? The government. And what does the government do with it? They spend it, every damn penny of it. So, the many is being spent, either by the people or by the government. Tax cuts do not put one additional dime of new spending into the economy.

Matter of fact, they take it out of the economy, especially when those tax cuts are going to the wealthy and corporations. At it's simplest, it is the Paradox of Thrift. A portion of those tax savings are, well, saved. And no, not invested, saved, there is difference, but that is a whole other class. And that savings requires servicing, interest payments for instance. That takes money out of the economy without really putting anything back in.

But it gets worse. Rent seeking intensifies after those tax cuts to both corporations and the wealthiest individuals. That is another vehicle that takes money out of the economy but doesn't give anything back. That is the very definition of rent seeking.

And this current budget, it is a nightmare for the economy. First, have you seen who gets a tax increase? The bottom tax bracket, by like over 50%. Those people spend every dime of their money, taking it out of their pocket and putting in the hands of the wealthy, or worse, corporations, will be a huge drain on GDP.

And we haven't even discussed tariffs. Even at the current rate, two thousand dollars per household. Money right out of the pockets of people who spend it. And like Walmart, huge sums of that money is getting shipped right out of the community. That is two thousand dollars that was going to the local grocer, the independent gas station, the local diner, movie theater, bowling alley. Now it is going to build some highway five states away, harden up some dam on the West Coast. Or more than likely, pay lawyer's hourly rates in DC as they create yet another investigation.

I mean we have seen this unfold for almost fifty years. We are now officially a Plutocracy. And now that they have it, they plan on keeping it. Nothing stands in their way, especially not no piece of paper. The Borg has arrived, you will be assimilated.

 

[mudwhistle]

When we the people pay taxes, who gets that money? The government. And what does the government do with it? They spend it, every damn penny of it. So, the many is being spent, either by the people or by the government. Tax cuts do not put one additional dime of new spending into the economy.

Matter of fact, they take it out of the economy, especially when those tax cuts are going to the wealthy and corporations. At it's simplest, it is the Paradox of Thrift. A portion of those tax savings are, well, saved. And no, not invested, saved, there is difference, but that is a whole other class. And that savings requires servicing, interest payments for instance. That takes money out of the economy without really putting anything back in.

But it gets worse. Rent seeking intensifies after those tax cuts to both corporations and the wealthiest individuals. That is another vehicle that takes money out of the economy but doesn't give anything back. That is the very definition of rent seeking.

And this current budget, it is a nightmare for the economy. First, have you seen who gets a tax increase? The bottom tax bracket, by like over 50%. Those people spend every dime of their money, taking it out of their pocket and putting in the hands of the wealthy, or worse, corporations, will be a huge drain on GDP.

And we haven't even discussed tariffs. Even at the current rate, two thousand dollars per household. Money right out of the pockets of people who spend it. And like Walmart, huge sums of that money is getting shipped right out of the community. That is two thousand dollars that was going to the local grocer, the independent gas station, the local diner, movie theater, bowling alley. Now it is going to build some highway five states away, harden up some dam on the West Coast. Or more than likely, pay lawyer's hourly rates in DC as they create yet another investigation.

I mean we have seen this unfold for almost fifty years. We are now officially a Plutocracy. And now that they have it, they plan on keeping it. Nothing stands in their way, especially not no piece of paper. The Borg has arrived, you will be assimilated.

Yes....the rich benefit....and so-on.

The point is....the federal government has been caught wasting our taxes......and they not only waste it.....but they borrow it....and they're busy trying to make it more expensive to borrow it.

But all of the above doesn't mean we have to give up and just let them make it worse and worse.