The Senate reconciliation bill is likely to add $3.5 to $4.2 trillion to the debt

[kyzr]

Just passed the Senate.

Apparently the Senate added a last-minute loophole for green subsidies that the House can't accept, so it looks like we will do at least one more back and forth with the Big Ugly Bill.

 

[Slade3200]

You can't really compare debt under US presidents. Congress makes the laws and budgets.

Interesting… while I do agree for the most part I don’t think that sentiment has been used at all during Biden’s term. Were you saying it?

 

[Independent thinker]

Interesting… while I do agree for the most part I don’t think that sentiment has been used at all during Biden’s term. Were you saying it?

There are many factors involved. First, one president inherits things from a previous predident, at least for a while anyway. Another factor is the president's party vs which party is the majority party in the House. Another factor is which party has the majority in the Senate and by how much. Things often get muddled up at the midterms. There are so many variables that it is easier to hold Congress accountable for economics rather than the president. Both parties tend to spend like drunken sailors and can't ever really decide on anything as a group other that the status quo, which is to spend money. We've got 100 senators all trying to get money for their states and 435 House critters trying to get money for their districts, together with a president who wants to bribe at least half of America.

 

[M14 Shooter]

No one in politics cares about spending, borrowing, the deficit, or the debt.
If they tell you they do, they're lying.

 

[Billiejeens]

Cutting spending isn't very effective at lowering debt when you cut taxes far more.

They have never cut taxes

 

[August West]

We weren't kicked out of Viet Nam, we stabbed the Vietnamese people in the back and refused to uphold the Treaty we signed with them. Both sides. Moreso dimocrap scum but gutless, nutless 'Republicans' as well. No balls at all. Dropped their drawers and bent over for the DISGUSTING FILTH. Look it up.

It would not surprise me one bit if Defense Contractors were involved in that clusterfuck, however. Other than that bit of total disinformation, the 2nd biggest lie of the 20th Century, I mostly agree with you on Defense Contractors.

BTW, the biggest lie of the 20th Century was convincing people that Hitler wasn't a socialist.

Nixon got us out of Vietnam under the same terms he was offered 4 years earlier. We didn`t stab anyone in the back. When you go where you`re not wanted or needed, you`ll be sent packing. It may be one year or twenty, but home you will go. The Vietnamese kicked China out of their country 3 times, and the second time took 700 years. Asians have a different mindset than the American war lords. Let`s be thankful that they didn`t ask for reparations.

 

[Mac1958]

DEJA VU BRO

 

[RhodyPatriot]

The current version of the "Big Beautiful Bill" now stands to add considerably more debt than the original House bill that was passed. The Republicans for years have screamed about out of control spending. Trump repeatedly criticized Obama for the amount of debt added during his administration.

Does MAGA support adding another $4 trillion in debt for their children and grandchildren to pay off?

This is bologna my man.

The CBO got the 2017 tax cuts wrong as well.

In 2019 we were cooking before government shutdowns using COVID as an excuse upended the economy, the debt, and the 2020 election. (Convenient.)

OMB knows better than CBO.

GDP and tariff revenue through the roof, sheer rocket-fueled growth in the MAGA economy will clean things up nicely.

Just like they were wrong about tariffs, just like they were wrong about Iran, just like they were wrong about the election....well, it's a long list - but the media will be wrong about this as well.

 

[j-mac]

The current version of the "Big Beautiful Bill" now stands to add considerably more debt than the original House bill that was passed. The Republicans for years have screamed about out of control spending. Trump repeatedly criticized Obama for the amount of debt added during his administration.

Does MAGA support adding another $4 trillion in debt for their children and grandchildren to pay off?

You think the piggy’s changed in January or something?

See Taz, this is where people have a problem with you. You’re posting this in the most dishonest way possible, trying to infer that Republicans are the problem. Listen closely here, ALL OF THEM ARE THE PROBLEM knucklehead…

 

[RhodyPatriot]

ALL OF THEM ARE THE PROBLEM knucklehead…

Actually, no:

Here is why the BBB actually SHRINKS the deficit.

It really is quite simple, and explained better here than I could ever do:

The Congressional Budget Office (CBO), tasked with providing “objective, nonpartisan information to support the Congressional budget process,” estimated that the Senate version of the GOP’s reconciliation bill would add $3.3 trillion to the deficit over 10 years. The president’s Council of Economic Advisors (CEA), on the other hand, estimated that the bill could reduce the deficit by $4.5 trillion.

The dramatic discrepancy between the estimates from CBO and the CEA stems largely from differing assumptions about what counts as expected future policy, known as the baseline.

CBO relies on a “current law” baseline, which assumes that key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) will expire. In contrast, the Trump administration and some fiscal watchdogs favor a “current policy” baseline, which assumes those tax cuts will be extended, as they often are, and therefore does not treat the extension of the 2017 Trump tax cuts as a new cost.

Trump’s ‘Big Beautiful Bill’ may not be the deficit disaster critics claim — here’s why​

The One Big Beautiful Bill to advance President Donald Trump’s agenda may not have the devastating impact on the national deficit that some critics claim. The Congressional […]

www.bizpacreview.com

Since BBB is about to pass, and will - in fact - extend the 2017 tax cuts in perpetuity, the CBO assessment is simply wrong.

Plain and simple.