Posted on 05/25/2025 7:54:17 AM PDT by RandFan
@RandPaul
Only in Washington does a “budget” mean spending more.
[Video linked in Tweet]
Paraphrasing/Notes:
I supported the tax cuts. I support making them permanent
I support spending cuts even though they're wimpy [in the bill].
The problem is the math doesn't add up.
They're exploding the debt...
The deficit will be $2.2 trillion. We used to say that's Biden spending, Biden-omics.
There has to be someone left in Washington that says debts and deficits are Wrong.
This is just not a serious proposal.
Regarding the 'free' stuff (Medicare, Medicaid and SNAP), we're borrowing the money, which means more inflation.
There is no free stuff because it means inflation. It's a bait and switch, it's no good... The deficit is the biggest threat to our country.
I get criticized but I'm the one ringing the alarm bell here: THEY'RE NOT DOING ANYHING! We have the majority but there's No recission package (of DOGE cuts), no cuts, nothing for conservatives!
RE: Tulsi Gabbard put on terror watch list: This is offensive to every civil liberty in this country. I will get to the bottom of this. This is a real problem and I think they might be monitoring more members of congress or ex-members of congress.
I want to find out who came up with this idea to put Tulsi Gabbard on a terror list and they need to be [fired]
(Excerpt) Read more at x.com ...
“The second that the Congress sees a nickel more come through the door, they will spend a dime.”
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+1
There you have it!
I agree with you completely.
This bill is a first step and there is no time for standing on our laurels.
I may be cynical but I think DOGE and DOJ are going to be able to put pressure on Congress critters because of the graft and pay for play that has been going on. In many ways I’d rather see targeted laws to prevent lobbying donations and NGO payoffs in future combined with leverage to get to a balanced budget,retire the debt rather than prison for the culpable.
Prison would be nice but changing America’s trajectory is more important.
Well reasoned only in the sense that he thinks he’s smarter than everyone else, including Trump. Just like his old man. FAFO, Rand.
Rand Paul is a useless little punk who wants to hear his own brilliant voice saying things he especially would like to hear. He is not a team player. He is every bit as destructive as his colleague, Bitch McConnell just with the right pointless words. He says good things and then acts like McCain.
We realize you are in love with the man, but let’s just be polite and say his welcome here on FR is wearing thin......
“changing America’s trajectory is more important”
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A huge cultural shift/awakening would be required to change the path we’re on. In the absence of some sort of serious national crisis I don’t see that happening. The system is becoming increasingly dysfunctional and is incredibly hard to change. JMHO
Trump is bringing in >$10 trillion in investments so far. There are estimated to be hundreds of thousands of high paying jobs in the next 1-2 years.
Trump attracted those investments by committing to favorable tax treatments, decreased regulations, infrastructure support expedited approvals and innovations like on site or adjacent power plants.
Those factories & businesses are what will grow the economy.
Tds media darling and loon.
Does he know you need a budget before you can balance the budget?
And that you need regular order to produce an actual Fiscal Year budget?
How often strident have his demands been for a return to regular order (ending spending via endless CRs)?
Don’t bother. These are the same idiots who never heard of the Laffer Curve and think raising taxes raises revenues.
If you can’t get the idiots to stop spending at least get them to get out the way and let the smart people grow the economy.
Actual growth can only happen in the private sector. That means moving much of our lost manufacturing back to this country, either with people in jobs or robots making stuff.
At the same time, spending on expensive hobbies like keeping poor people in hotel rooms and financing silly research needs to be curtailed.
Overall, I am on board as well. I just worry that 3 1/2 more years of Trump as President will NOT be enough time to reverse the trends.
he's going to keep a real budget bill from passing, so he can cram a c.r. with his share of pork.
he's becoming nothing more than a barking lap dog like chafettes and gowdy became, always making a big show, but never accomplishing anything.
“Fixing that mess is no longer possible by cutting a penny or two or three. It now requires six.”
If the pork is not in the bbb, will the uniparty pass the bbb ?
“These are the same idiots who never heard of the Laffer Curve and think raising taxes raises revenues”
Most salary earners lack control over their income.
Boss, pay me 20% less because federal income taxes went up will not be a frequent request.
Again, I understand what you’re saying. The ‘plan’ makes sense on paper, but not sure it accounts for some inconvenient realities. As I pointed out one of them is the weakened consumer who has been beaten down by inflation and sharply rising prices. It may take quite awhile for that inflationary pressure to dissipate.
I agree that the inflows of foreign investments into this country is a positive thing, but it will take time and expansion of our energy production and infrastructure to support the industrial development. As a foreigner, I would be very careful about investing in this country because if Dems get back into power they will reverse everything Trump is trying to do. Very risky situation for an investor.
Bessent is a smart guy but I’ve worked with lots of smart people who couldn’t see the flaws in their own plans. Not saying there’ no chance of it working, but it probably won’t happen as quickly as expected. Just like the tarrif deals which are very complex and have shown to be difficult to negotiate.
“I just worry that 3 1/2 more years of Trump as President will NOT be enough time to reverse the trends.”
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Actually less than that considering that attention will shift to 2028 not long after the mid-terms.
I hope you have your asbestos pantaloons on. Rhetoric supporting balanced budgets will not be tolerated here, because Trump’s in charge, and it’s a Big, Beautiful Bill.
Look, you guys are not going to understand unless you go learn the numbers. Not the words about who wants what or who has this or that history.
THE NUMBERS.
The deficit this FY will come in about 1.8 or 1.9T. The legislation is going to made that $2.2T next year.
Stop right there. Don’t go looking at details and how this or that is good. Look at that reality. $2.2 Trillion added when Republicans are supposed to be conservatives — and every single penny of that is added to the debt.
The debt is $37T. At 3.4% composite rate among all the various bonds and notes and bills in the debt, the interest is $1.054 T. If you did that multiply yourself you would get a bigger result — I used $31T because the Fed’s QE (that’s what they call creating money from nothingness and using it to buy Treasury bonds) still has $6T of Treasuries on deposit (those do not pay interest).
So in just 1 year, $2.2T will add to that. $33T X 3.5% (the rate is increasing because rollovers are at current rates vs the near 0% rates of 10 yrs ago) $1.15T — an increase in $100B in the interest expense of next year.
WHAT IS RAND PAUL SAYING THAT IS NOT MATHEMATICALLY CORRECT?
It’s hard time I have confidence in Bessent’s view of the situation when rising bond rates make it more likely that future interest expenditures will be HIGHER than expected.
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