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Posted on 07/11/2025 3:57:58 AM PDT by Pete Dovgan
The Republican Congress and President Donald Trump just delivered a major victory to the American people by passing and enacting into law the historic One Big Beautiful Bill Act (OBBB). Predictably, liberal media outlets – led by CNN, MSNBC, the New York Times and the Washington Post – continue to insist the OBBB will add trillions of dollars to our national debt.
The truth – backed by both historical experience and robust economic analysis – is the exact opposite. President Trump’s OBBB will not only boost jobs and take-home pay for America’s working-class families. It will slash deficits by trillions of dollars even as its targeted expenditures will strengthen our national defense and secure our borders. As a bonus, OBBB will rapidly accelerate the deportation of millions of illegal aliens now stealing jobs from American citizens and driving down wages.
At the center of the Fake News misinformation storm is the Congressional Budget Office. For years, the CBO has been trapped in a stale left-wing Keynesian mindset and stubbornly committed to static scoring models that fail to grasp how real-world economies respond to bold, pro-growth policies. As someone who has witnessed President Trump craft his economic agenda from inside the West Wing, I can tell you firsthand: when you cut taxes, slash job-killing regulations, achieve energy dominance, defend America’s manufacturing base with tariffs and fight for fair trade, the economy doesn’t just inch forward – it takes off.
(Excerpt) Read more at foxnews.com ...
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Artificially increasing the price of King Copper by 50% across the board is a downright dumb move. The US produces as much copper as it can and it is a depleting resource compared to the scale of other world class deposits. Raising the price by raising the tariff for such a critical material is inflationary.
No matter what the truth is, anything Trump or any other politician does, particularly those on the right, will not last. The left and the stupid voters will see to that when the regime changes again.
We have no national policy. We only have temporary regime policies. Imagine what a great nation we could be if we had steady positive growth national policy that could not be changed so capriciously.
What we really need is a balanced budget amendment. Nobody in Congress gets salary or benefits if they don’t pass one. Further, they are ineligible for life for Congress after.
Yep, we need to starve the pig. Government is awash in money, they need to be better at spending it.
Yes that is true but what we really need is to repeal the Congressional Budget Act of 1974 and everything related to it and go back to Zero Base Budgets making the politician sobs work instead of just passing a continuing resolution with all kinds of inflationary pork built right into it.
The CBO would score a 100% income tax on all earnings as a $4 Trillion surplus. That says everything you need to know about their methodology.
EC
I think you miss the point. By sheer will power, the iron deposits of Missabe will refresh their quality. We’ll discover bauxite deposits, never having them before. And, Anaconda will reopen its pit in Butte, USA. All this talk about us needing to import iron or aluminum or copper is so many academic eggheads who never shoveled anything but sh*t in their lives.
I suggest you learn US history. You lack basic knowledge. It’s getting embarrassing.
No thanks. All that does is increase taxes. They always create the spending side first and then they need more tax revenue.
They never do it the other way around.
Happens every year in balanced budget states like mine. It doesn’t starve their appetite for spending.
So the politicians start crying about “cuts” and pull out silly examples instead of getting rid of waste. Then they claim the only way to balance is more taxes.
We had a Republican governor in TN do just that. He “cut” by closing rest stops, parks and other low costs silliness.
Called it an Armageddon Budget and proceeded to try and impose an unconstitutional state income tax.
We had to protest. He called out the state police to threaten us. Lots of the cops lost their jobs afterwards because we were pissed. He faked a rock thrown into the Capitol building. Believe me, it would have been geographically impossible.
All to balance the budget.
They can’t resist spending
“Anaconda will reopen its pit in Butte” as would some others if they thought the price would hold at this artificially inflated level and it will not.
All because the price is now 50% or so higher they might go back to higher cost resources and convert them into reserves and product. Yes, it is there just like 60 or more percent of original oil in place is still there and if the price ever gets high enough someone will figure out a way to get it even if they have to mine it. Do you think it would be a good idea to put a 50% tariff on oil so that we would develop these expensive oil resources? I’m in favor of that since my old played out leases would make me wealthy many times over.
I’m not sure who has really missed the point. The price of copper is being artificially inflated. Manipulated in fact at the expense of all in the economy who consume it worldwide. There is a marked difference between independence, isolationism, globalism, free trade and capitalism. Free trade and capitalism work for me. Not at all in favor of manipulation of markets and economies.
I love it! Raise the tariff on copper and the artificially-manipulated price will come down.
My thinking on all economic matters is conventional. In this case, prices in import markets equal those in export markets plus the cost of transportation plus any tariff.
Same for oil as for copper.
You wrote: “I love it! Raise the tariff on copper and the artificially-manipulated price will come down.”
Who said that prices would come down?
Somebody using your handle said “The price of copper is being artificially inflated.”
First, I’m not sure which way the price of copper is going. Without adjustment for inflation the price of copper has been trending up since the early 2000s:
https://fred.stlouisfed.org/series/PCOPPUSDM/
Possibly with adjustment for inflation, the price of copper might not be up all.
Are we being “ripped off” by the rest of the world? It’s hard to tell and sellers and users are well-advised to hedge their exposure to the price of copper in the futures market.
Ditto all other commodities.
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