Posted on 05/27/2025 5:37:13 AM PDT by RandFan
The fiscal impact of President Trump’s “big, beautiful bill,” which one prominent budget hawk called a “debt bomb,” is becoming a significant political concern among Republican lawmakers who have made little progress toward offsetting the $3 trillion projected cost of the legislation.
Some GOP senators fear that the bill’s failure to rein in federal spending in a substantial way over the next decade is fueling jitters in the bond market, where soft demand for U.S. debt has caused yields to climb in recent weeks.
And they worry that if Republicans pass Trump’s bill on party-line votes in both chambers, they will get blamed for heaping trillions of dollars onto the debt and the economic consequences that may follow in the future.
“I think we’re having trouble selling our long bonds already,” warned Sen. Rick Scott (R-Fla.), who cited the rising interest rates.
Scott is one of at least four Senate Republican conservatives who are sounding the alarm over the long-term fiscal implications of the 1,116-page budget reconciliation bill that passed the House.
They support many of the bill’s components but argue that it falls well short of what is needed to reduce annual federal deficits that are projected to grow from $2.2 trillion a year in 2025 to more than $2.5 trillion in 2035.
“I want to get a deal done; I support the president’s agenda. I support the border; I support the military; I support extending the Trump tax cuts, but we have to live in reality. But we got to live in reality here; we got a fiscal crisis,” Scott said.
(Excerpt) Read more at thehill.com ...
It's over, Freepers...
Well, fix the Bill and send it back to the house.
“...they will get blamed for heaping trillions of dollars onto the debt and the economic consequences that may follow in the future...”
Totally ignoring the $10 trillion debt that Puppet Biden hoisted on America by bringing in 20 million more illegal aliens (paid by the USA taxpayer). Where was all the angst about the national debt when Quisling Biden passed his Inflation Reduction Act?
Yes but where is Trump? He’s trying get this pushed through
And in 4 years when the communists win in 2028 we will never hear another word about the debt again.
How ‘bout this. Let’s just say **** IT! and continue with the status quo FRAUD, WASTE AND ABUSE U.S. Government? Doing anything about it was a dumbass idea. It’s too much trouble and it leaves unemployed freeloaders and illegal aliens without their Free Edition, “American Dream”.
They should drastically cut the spending—and then shove it down the throats of the House.
Yeah, it does seem weird. The four Republican noes are all talk, but no fix.
Until the pandemic, Trump’s annual budget deficits were sub-$1T. The bloated budget he submitted to Congress features a deficit of over $2T for 2025. This is a budget that needs to be put on Ozempic.
Yikes
I would say that the past fifteen years of 20% increased Omnibus Spending bills, with no specifics on agency appropriations is a nuclear debt bomb, and that came from the legislative branch now fighting an actual budget.
Did anyone see Stephan Millers defense of this bill? If he’s to be believed (and I do) the Republicans are completely mischaracterizing almost every aspect of it. Here’s the text of it:
Update from Stephen Miller: “I’ve seen a few claims making the rounds on the Big Beautiful Bill that require correction.
The first is that it doesn’t “codify the DOGE cuts.” A reconciliation bill, which is a budget bill that passes with 50 votes, is limited by senate rules to “mandatory” spending only — eg Medicaid and Food Stamps. The senate rules prevent it from cutting “discretionary” spending — eg the Department of Education or federal grants. The DOGE cuts are overwhelmingly discretionary, not mandatory. The bill saves more than 1.6 TRILLION in mandatory spending, including the largest-ever welfare reform. A remarkable achievement.
I’ve also seen claims the bill increases the deficit. This lie is based on a CBO accounting gimmick. Income tax rates from the 2017 tax cut are set to expire in September. They were always planned to be permanent. CBO says maintaining *current* rates adds to the deficit, but by definition leaving these income tax rates unchanged cannot add one penny to the deficit. The bill’s spending cuts REDUCE the deficit against the current law baseline, which is the only correct baseline to use.
Another fantastically false claim is that the bill spends trillions of dollars. This is just completely invented out of whole cloth. This is not a ten year budget bill—it doesn’t “fund” almost any operations of government, which are funded in the annual budget bills (which this is not). In other words, if this bill passed, but the annual budget bill did not, there would be no government funding. Under the math that critics are using, if we passed a one paragraph reconciliation bill that cut simply 50 billion in food stamp spending, they would say the bill “added” trillions in spending and debt because they are counting ALL the projected federal spending that exists entirely outside the scope of this legislation, which is of course preposterous. The only funding in the bill is for the President’s border and defense priorities, while enacting a net spending cut of over 1.6 TRILLION dollars.
The bill has two fiscal components: a massive tax cut and a massive spending cut.”
Yes it’s crazy nearly a whole generation of these huge bills
It has to stop
If so, what is the President doing?
[Yeah, it does seem weird. The four Republican noes are all talk, but no fix.]
You really need to learn the difference between bluster and action.
This bill has been reported to be dead or in trouble so many times it is now a running joke, not to mention this is from “The Hill,” not a credible news source.
I will wait for the process to finish and see what happens in the end.
Totally ignoring the $10 trillion debt that Puppet Biden hoisted on America by bringing in 20 million more illegal aliens (paid by the USA taxpayer).
I think you forgot the democrats lost everything. Of course they were punished for being fiscally irresponsible and also bringing in loads of illegals.
...1,116-page budget reconciliation bill is asinine to begin with.
There’s 15 federal executive departments of the United States government are:
Department of Agriculture (USDA) (ELIMINATE)
Department of Commerce
Department of Defense (DOD)
Department of Education (ELIMINATE)
Department of Energy (DOE)
Department of Health and Human Services (HHS) (ELIMINATE)
Department of Homeland Security (DHS) (REDO OR ELIMINATE)
Department of Housing and Urban Development (HUD) (ELIMINATE)
Department of Interior
Department of Justice (DOJ)
Department of Labor (DOL) (ELIMINATE)
Department of State
Department of Transportation (DOT) (ELIMINATE)
Department of the Treasury (REDO OR ELIMINATE)
Department of Veterans Affairs (VA)
Independent Agencies
Central Intelligence Agency (CIA)
Environmental Protection Agency (EPA) (ELIMINATE)
Federal Bureau of Investigation (FBI) (REDO OR ELIMINATE)
Federal Aviation Administration (FAA)
Federal Communications Commission (FCC) (REDO OR ELIMINATE)
Federal Trade Commission (FTC) (ELIMINATE)
National Aeronautics and Space Administration (NASA) (REDO OR ELIMINATE)
National Archives and Records Administration (NARA) (ELIMINATE)
National Labor Relations Board (NLRB)(ELIMINATE)
Nuclear Regulatory Commission (NRC)
Securities and Exchange Commission (SEC) (REDO OR ELIMINATE)
Small Business Administration (SBA)(ELIMINATE)
Social Security Administration (SSA) (REDO OR ELIMINATE)
U.S. Agency for International Development (USAID) (ELIMINATE)
U.S. Postal Service (USPS) (government corporation) (ELIMINATE)
Government Corporations (ELIMINATE ALL)
Amtrak (National Railroad Passenger Corporation) (ELIMINATE)
Tennessee Valley Authority (TVA) (ELIMINATE)
United States Enrichment Corporation (USEC) (ELIMINATE)
And those years of spending off of Omnibus Budgets was the equivalent of feeding runaway cancer to the national institutions of government and regulatory bureaucracies.
Since when does the GOP give a shit about the debt?
Posers, one and all.
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