To: Miami Rebel
I love Trump, but that BBB is a pile of crap.
Methinks that the Trumpster backs Elon and will use this to his advantage. Let’s hope so. As for the DemocRATz, eff them and the sewer they crawled out of.
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funny how things work in DC isn’t it??
just this morning on the news, they were playing video sound bytes of shumer & jefferies spouting off on how much they agree with musk!
(remind me: isn’t musk’s position that the BBB doesn’t cut enough pork waste & fraud out of the BBB??)
so now the Dems are for cutting more pork waste & fraud out of the BBB??
The point of bundling in one bill was that extending to permanence the 2017 tax level alone would have been met with an avalanche of deficit explosion coverage. It is still getting that coverage, but the spending stuff is intended to combat it.
Examine the math. Expiring the 2017 tax levels and having them rise back to previous levels is going to add to over $400B per year. X10 is $4T. That’s pure math. Pre Laffer curve stuff.
Before you choose to worship at the Laffer curve altar, do the analysis yourself. Don’t go looking for some other text that says things, because someone else said something. Go get the tax revenue numbers from 1970s and 1980s — CAREFULLY ADJUST THEM FOR POPULATION GAIN AND INFLATION — and then decide if tax revenue really rose with lower tax rates.
But that’s all somewhat pointless. There is very little in spending cut in the BBB. The DOGE cuts are not in it BECAUSE THEY CANNOT BE IN IT. They are not from discretionary spending. They are in agencies with mandatory spending and they do not qualify for Reconciliation.
There is no solution to the problem. The debt has become too high to fix without society destroying measures, like default on all government instruments and then executing — physically killing — anyone who brings suit to recover whatever loss ($31T) they sustain from their government bond holdings having been confiscated.