Just remember the last time we had a "projected budget surplus" it was Bill Clinton and Newt. They cut down on the spending and if things stayed the way they were at that time, we would have a budget surplus. The next move might be paying down the debt. Who knows? We will never know because Bush used the surplus as justification for giving rich people tax breaks. Sound familiar? That's exactly what Trump is doing. So MAGA, you can not be happy with this.
I have a hard time agreeing with Elon. He can rot in hell for all I care. But on this he's right.
Former White House advisor Elon Musk escalated his attacks on the big Republican bill cutting taxes and Medicaid, urging Americans to call their lawmakers to kill the bill.
“Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL,” Musk wrote on his social media platform Wednesday.
Republicans should be ashamed to vote for it. House Speaker Mike Johnson (R-La.) said he was blindsided by Musk’s change of tone after they’d had a cordial conversation on Monday.
“I called Elon last night and he didn’t answer, but I hope to talk to him today,” Johnson said, adding that he’s spoken to the president about the situation.
“He’s not delighted that Elon did a 180 on that,” Johnson said. “But look, I don’t know what happened in 24 hours. Everybody can draw their own conclusions about that.”
The legislation combines more than $4 trillion in tax cuts and new spending with less than $2 trillion in cuts to Medicaid and other social programs, for a net deficit of $2.4 trillion, according to the Congressional Budget Office. The deficits would be even wider counting interest expenses, and the likelihood a future Congress would extend several tax cuts is currently written as temporary in the bill.
“A new spending bill should be drafted that doesn’t massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS,” Musk posted on Wednesday.
