That is an excellent point! When Speaker Johnson mentions "$1.2-$1.7 trillion in cuts over 10 years" - that is lunch money in today's astronomical budget figures.
When I ask if there are budget cuts why is there still a $2 trillion deficit for each of the next two years, there is the reason - the 'growth' has been cut. That is what Treasury Secretary Bessent said in his video: overcome the growth of debt with faster expanding economic growth.
It won't matter if a loaf of bread costs $20 because we'll all be earning $200,000 a year on average. Los Angeles has already announced minimum wage for the coming Olympics as $38 an hour. I used to argue with those that wanted to raise the minimum wage to $15 an hour to provide a 'living wage' - Then why not raise the minimum wage to $50 or $60 an hour ... a McDonald's hamburger will cost $17 and a Happy Meal $80!
But wait! Then $50 an hour wouldn't be a living wage! Better raise that to $100 an hour - - - and so on!
What the socialists and commies keep forgetting is that without a strong captialism base to pay for all the nonsense they don’t exist.
Keep in mind, this whole gambit is a reconciliation, meaning, it’s not a “clean sheet of paper”, new budget. It needs to be a reconciliation so they only need 50 Senators plus Vance as a tie breaker. If this was a real, new budget, it would require 60 Senators for cloture which could never happen in the current climate. Thus ais a stepwise process that Rand Paul and Ron Johnson don’t quite get yet. Cuts can and will happen soon after this first step.