CBO and others mark up this new House budget to adding $23 trillion more debt in 10 years, Where is Trump/Doge?

[uihawk82]

House Speaker Johnson and that leadership and a whole host of Repubs are setting themselves up, lining up to get their lifetime private $800k salaries for:

1 Extending the 2017 big tax cuts to the wealthy and Corps

and

2 Giving new huge tax cuts to the same groups.

Irresponsible for these so called anti-debt REpubs. In 10 years the debt will be something like $50+ trillion dollars according to the Congressional Budget Office.

The EXTREME WASTE HERE IS HAVING TO PAY THE INTEREST ON THIS DEBT EVERY DAY. Orange Musk and his merry men are totally stealing your future and country.

 

[HerkyOwnsCy]

It's like they actually don't care about the deficit and paying down the debt. Only enriching themselves and their friends. Did not see that coming!

 

[theVoicefromtheTomb]

But Biden

 

[B1GDeal]

These big corps will hire all these people to high paying jobs and create great new things that we all buy so this will work... or so we've been told for 40 years that it will.

 

[noleclone2]

Paging @markfromj Paging @markfromj

23 Trillion.

 

[BioHawk]

It's the same lie every single time and the same people that cry about the budget constantly keep voting for this every single election.

 

[Phenomenally Frantastic]

The EXTREME WASTE HERE IS HAVING TO PAY THE INTEREST ON THIS DEBT EVERY DAY.

Elon is that you?

 

[Tom Paris]

It's the same lie every single time and the same people that cry about the budget constantly keep voting for this every single election.

Exactly. They only care about the debt when democrats are in office. I have posted this very thing a dozen times since 2001. Trump voters have been taught, and they fully believe, that nothing is worse for this country and them than democrats. No matter what Trump does they will defend it because hating libs is so ingrained into their psyche. They love the people who hate them and will never help them.

 

[LunchBox50]

PaRtY oF fIsCaL ReSpOnSiBiLiTy!!!!

 

[tumorboy]

These big corps will hire all these people to high paying jobs and create great new things that we all buy so this will work... or so we've been told for 40 years that it will.

Last tax cuts. Most of it got eaten up with stock buy backs. Great for investors. Not so much for job creation.

 

[HROT]

Imagine tightening your belt so the Mar-A-Lago club members can get a tax break

 

[Moral]

These people have enough money that when shit happens they can just dip out of America. There really aren't words to explain how stupid people are when they think oligarchs have their back.

 

[lucas80]

These people have enough money that when shit happens they can just dip out of America. There really aren't words to explain how stupid people are when they think oligarchs have their back.

This. Elon isn't sticking around when the s**t hits the fan.

 

[lucas80]

Imagine tightening your belt so the Mar-A-Lago club members can get a tax break

@NorthernHawkeye is proud to do his part.

 

[lucas80]

Boy, trans citizens, Greenland, and the Gulf of AmERiCa are going to get a workout here when the bots and the rubes are deployed.

 

[MuscoHawk]

These big corps will hire all these people to high paying jobs and create great new things that we all buy so this will work... or so we've been told for 40 years that it will.

Trickle down takes a while. Just give it another half century.

 

[hawkeyetraveler]

I am beginning to think that the ultra wealthy want things to tank. If you have disposable cash sitting on the sidelines, why buy high if you can buy low? Give the market a good shake, watch things fall and when the peons sell their mutual funds because they need the cash then swoop in and buy it.

This will concentrate wealth in an increasingly smaller number of hands.

I hope it does not get pushed too far…wealth concentration is one of the prime motivators of revolution and we are already in unprecedented territory on that front for modern times.

 

[jonesy5960]

I'm not sure how many times this needs to be said, but DOGE has little or nothing to do with the deficit or debt. They very rarely talk about it, and when they do, it's in the context of something like using 20% to pay down debt and 20% to send checks to taxpayers with no mention of where the other 60% would go. In reality, those checks would still be debt and deficit spending, so unless 100% of savings goes towards deficit reduction, you know that's not a priority. It has more to do with the remaking of government to allocate resources to where they want them to go.

 

[tumorboy]

Chip Roy is full of shit shocker.

 

[Crafty Beaver]

When this bill passed in 2017, federal revenue was at $3.31T. In just 7 years it went up 50% to over $4.9T.

 

[tumorboy]

When this bill passed in 2017, federal revenue was at $3.31T. In just 7 years it went up 50% to over $4.9T.

To fund that revenue increase. It took a lot of deficit spending. If we’re going to cut taxes at this high of rate. Need to cut subsidies as well.

 

[Crafty Beaver]

To fund that revenue increase. It took a lot of deficit spending. If we’re going to cut taxes at this high of rate. Need to cut subsidies as well.

Wat?

 

[Bearhawk0505]

I am beginning to think that the ultra wealthy want things to tank. If you have disposable cash sitting on the sidelines, why buy high if you can buy low? Give the market a good shake, watch things fall and when the peons sell their mutual funds because they need the cash then swoop in and buy it.

This will concentrate wealth in an increasingly smaller number of hands.

I hope it does not get pushed too far…wealth concentration is one of the prime motivators of revolution and we are already in unprecedented territory on that front for modern times.

This has been my thoughts also. When everything crashes, they can buy everything up.

 

[What Would Jesus Do?]

The EXTREME WASTE HERE IS HAVING TO PAY THE INTEREST ON THIS DEBT EVERY DAY.

Bingo.

Will Trump pay off the national debt by minting a bunch of trillion dollar coins? Might as well.

 

[What Would Jesus Do?]

According to the Debt Clock, interest on the national debt (over $1 trillion) is roughly half of the national deficit (over $2 trillion).

The average US citizen's share of the $36 trillion national debt is $107K. The average taxpayers share is $323K. Clearly everyone should avoid being a taxpayer.

https://www.usdebtclock.org/

 

[Tiny Hands Trump]

This is obviously wrong. Tax cuts pay for themselves and then some.

 

[thewop]

House Speaker Johnson and that leadership and a whole host of Repubs are setting themselves up, lining up to get their lifetime private $800k salaries for:

1 Extending the 2017 big tax cuts to the wealthy and Corps

and

2 Giving new huge tax cuts to the same groups.

Irresponsible for these so called anti-debt REpubs. In 10 years the debt will be something like $50+ trillion dollars according to the Congressional Budget Office.

The EXTREME WASTE HERE IS HAVING TO PAY THE INTEREST ON THIS DEBT EVERY DAY. Orange Musk and his merry men are totally stealing your future and country.

Nice to see a liberal start caring about government waste. I take it you'll quit complaining about DOGE/Musk now and let them work.

Obviously Congress shouldn't sign on to a budget that's going to add debt over the next 10 years. To me, even $1 increase in debt should be outright rejected.

CUT DEEP until it hurts, then cut a little more and don't sign anything that doesn't call for a small surplus. Things always run over budget so plan for it.

 

[What Would Jesus Do?]

This projection of $23 trillion additional debt is basically consistent with the previous projection of a $6.1 trillion deficit in Trump's first year.

Trump and GOP to add $6.1 Trillion to the Deficit

$6.1 trillion in additional deficits (over 10 years), and that's just in Trump's first year. Who knows how much more they'll add in future years? And then I read this Roughly 170 House Republicans gathered at the policy retreat at the Trump National Doral Miami golf resort where committee...

iowa.forums.rivals.com

 

[What Would Jesus Do?]

Nice to see a liberal start caring about government waste.

Please. EVERYBODY* opposes waste and corruption. If the GOP could ever tackle that without cutting muscle and bone, they'd receive more approval.

*except the crooks who benefit, of course.

 

[St. Louis Hawk]

Paging @Phenomenally Frantastic

 

[tumorboy]

Wat?

The tax rates and spending rates fueled that growth. If they’re are imbalanced. Think it’s safe to say the revenue increases were fueled by deficits.

 

[hawkeyetraveler]

Nice to see a liberal start caring about government waste. I take it you'll quit complaining about DOGE/Musk now and let them work.

Obviously Congress shouldn't sign on to a budget that's going to add debt over the next 10 years. To me, even $1 increase in debt should be outright rejected.

CUT DEEP until it hurts, then cut a little more and don't sign anything that doesn't call for a small surplus. Things always run over budget so plan for it.

Will you stop supporting the Donald and Republicans if, instead of doing this, they increase the deficit faster than Biden/Harris would?

What will it take for you to see the light - they talk like fiscal conservatives, but they spend like drunken sailors.

 

[Moral]

 

[franklinman]

Guess i'm correct AGAIN, CRAZY and the CONS are going to CRASH the market. Hang on tight boys.

 

[Moral]

 

[Hawky4361]

Static scoring....the numbers are as meaningful as speculating on Gronowski's shoulder...

 

[franklinman]

And now the good news, CONS GET ALL THE CREDIT FOR THIS SHIT.

 

[Dr. Spaceman]

Paging @markfromj Paging @markfromj

23 Trillion.

He only comments on the debt when a democrat is in office.

 

[Hawky4361]

And now the good news, CONS GET ALL THE CREDIT FOR THIS SHIT.

Said another way...if the House plan weren't enacted, there will be a $1.1 trillion tax increase which would be the largest in history and will almost certainly lead to recession....harming EVERYONE...good luck with that...

 

[RNHawk]

Exactly. They only care about the debt when democrats are in office. I have posted this very thing a dozen times since 2001. Trump voters have been taught, and they fully believe, that nothing is worse for this country and them than democrats. No matter what Trump does they will defend it because hating libs is so ingrained into their psyche. They love the people who hate them and will never help them.

One of the many reasons I am no longer a registered Republican