The Rats only want to raise taxes; they don't care about any real spending cuts except in national defense, as they always have. I agree the only outcome is economic collapse because the Rats will use the additional tax revenue (which is a paltry sum compared to the total debt realized by unfunded mandates) to leverage even more borrowing and spending. The stock market is being driven by the Federal Reserve buying $85 billion in T-bills per month (about a $trillion per year total), and printing fiat currency to do it. There is a limit to federal spending no matter what the damn commie rats think and the bill is going to come due very soon.
This bill sets up another $4 trillion in spending, i.e., more debt. I expect another downgrading of U S Treasuries, soaring inflation, devaluation of the dollar, a lowering of wages, soaring unemployment, a lower standard of living and a final catastrophic descent into economic hell, civil unrest and God knows what else.