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 is impossible to overstate how exceptional and extraordinary the One Big Beautiful Bill truly is. It delivers enthusiastically on every major campaign promise in the 2024 landslide electoral mandate:
—Largest tax cut and reform in history
—No tax on tips and overtime…— Stephen Miller (@StephenM) May 25, 2025
This from the Congress that will NOT end the use of baseline budgeting.
SO THEN SPEND LESS, MORONS!!!
Wow! The Hill concerned about spending?
SNORT.
Ask all 535 of them if they support ending the use of baseline budgeting.
“Stephen Miller...A reconciliation bill...limited by senate rules”
The reconciliation route is insufficient.
Put the DOGE and other indicated cuts in the bill and have Democrats on record again and again as opposing tax cut continuation and the tip/overtime/SS tax reductions.
[Note: I dislike tax favoritism such as the tip/overtime/SS tax reductions.]
aising the coverage limit to the first six million pounds for both Tier I and Tier II premiums, from the first five million pounds; and
allowing producers to receive a 25% premium discount for a one-time premium election covering calendar years 2026-2031.
(Sec. 10102) This section reauthorizes, and extends funding for, the following programs through FY2031:
the Grassroots Source Water Protection Program,
the Voluntary Public Access and Habitat Incentive Program,
the Feral Swine Eradication and Control Pilot Program,
the Agriculture Conservation Easement Program (ACEP),
the Environmental Quality Incentives Program (EQIP),
the Conservation Stewardship Program (CSP),
the Rural Conservation Partnership Program (RCPP), and
the Watershed and Flood Prevention Operations Program.
Sec. 10103) This section extends and provides increased funding for agricultural trade promotion and facilitation through FY2031. Specified funds are provided for the Market Access Program, Foreign Market Development Program, E (Kika) de la Garza Emerging Marketing Program, Technical Assistance for Specialty Crops program, and the Priority Trade Fund.
(Sec. 10104) This section reauthorizes and provides funding for a number of USDA research initiatives.
For example, this section provides specified funds to the 1890 National Scholars Program for FY2026 for student scholarships. This National Institute of Food and Agriculture program provides grants to 1890 Institutions (i.e., historically Black colleges and universities that belong to the U.S. land-grant university system) for students who intend to pursue a career in the food and agricultural sciences.
This section provides the Specialty Crop Research Initiative with $175 million in mandatory funding for FY2026. Currently, the program is funded at $80 million for each fiscal year.
This section also provides funding for competitive grants to assist in the construction, alteration, acquisition, modernization, renovation, or remodeling of Agricultural Research Facilities.
(Sec. 10105) This section extends and modifies the Secure Rural Schools (SRS) program.
Under the existing SRS program, states and counties containing federal land may receive payments from the U.S. Forest Service or the Department of the Interior respectively. This section extends the authority of the Forest Service and Interior to (1) calculate and provide payments to states and counties under the SRS program through FY2026, and (2) initiate projects using funds provided by the program through FY2028. It also extends the deadline to obligate those funds until the end of FY2029.
Sec. 10106) This section reauthorizes, and extends funding for, the biobased markets program (i.e., BioPreferred Program) through FY2031 to promote biobased products through (1) mandatory purchasing requirements for federal agencies and their contractors, and (2) a voluntary labeling initiative for biobased products.
This section reauthorizes, and extends funding for, the bioenergy program for advanced biofuels (i.e., Advanced Biofuel Payment Program) through FY2031. The program provides payments to fuel producers to support and expand production of advanced biofuels (i.e., not derived from corn starch).
This section provides additional funding for the Specialty Crop Block Grant Program for FY2026 and each fiscal year thereafter. Under the block grant program, USDA provides grants to the state departments of agriculture to enhance the competitiveness of specialty crops (i.e., fruits, vegetables, tree nuts, dried fruits, horticulture, and nursery crops, including floriculture).
The section also reauthorizes, and extends funding for, organic production and market data initiatives through FY2031.
The section also reauthorizes the Organic Certification Cost Share Program, which provides cost share assistance to producers and handlers of agricultural products who are obtaining or renewing their certification under the National Organic Program.
This section extends and increases funding for the Sheep Production & Marketing Grant Program through FY2026. This program seeks to strengthen and enhance the production and marketing of sheep and sheep products in the United States.
This section also extends the
Pima Agriculture Cotton Trust Fund through December 31, 2031, which provides assistance to reduce the economic injury to domestic manufacturers resulting from tariffs on cotton fabric that are higher than tariffs on certain apparel articles made of cotton fabric;
Agriculture Wool Apparel Manufacturers Trust Fund through December 31, 2031, which provides assistance to reduce the economic injury to domestic manufacturers resulting from tariffs on wool fabric that are higher than tariffs on certain apparel articles made of wool fabric;
Wool Research and Promotion Program through FY2031, which provides grants to assist U.S. wool producers with improving the quality of wool and with developing and promoting the wool market; and
The Constitution says "...all bills for raising revenue must start in the U.S. House of Representatives, but the U.S. Senate may propose or concur with amendments...".
And when was the last time the House and the Senate produced and passed a balanced regular budget appropriations bill?
As I said, the four Republican noes in the senate are all talk, but no fix.
Students with a student aid index that equals or exceeds twice the amount of the total maximum Pell Grant are ineligible for Pell Grants, regardless of their adjusted gross income.
That's the plan. And it's constitutional.
Not sure where we are in the courts on this.
(Sec. 30051) This section repeals the 90/10 rule, which requires proprietary (i.e., for profit) IHEs participating in federal student aid programs to derive at least 10% of their tuition and fee revenue from nonfederal funds.
Yup.
“(Sec. 41006) This section allows certain carbon dioxide, hydrogen, and petroleum pipeline projects to be permitted under the same procedures as certain natural gas projects.”
Carbon dioxide pipelines?
Reconciliation can also include adjustments to annual appropriations through discretionary spending which includes all of those departments and agencies I listed.
Here’s part of what’s in the bill:
$450 billion in tax cuts every year from 2025 to 2034, adding up to $4.5 trillion over 10 years. (THIS IS A GOOD THING)
Annual deficits (the amount the government spends beyond what it collects) ranging from $1.76 trillion to $2.23 trillion per fiscal year. (BAD)
Planned government spending for different federal agencies. (WHICH SHOULD BE MASSIVE CUTS)
An increase in the national debt limit of $4 trillion. (BAD)
Projected U.S. national debt to rise from $35.46 trillion on Oct. 1, 2024 to $55.57 trillion by Sept. 30, 2034, a total increase of about $20 trillion. (BAD)
You’ll never get 60 votes which I agree with on any normal appropriations bill.
It’s doubtful the “Big Beautiful Bill” will pass with a simple majority vote that has anything in it that’s worth a damn. I’m against any increase in the national debt. Government needs to be cut in half at a minimum and if you can’t get bills through then shut down government.
So after stopping NOTHING Joe Biden and the Dems did NOW the US Senate wants to posture on the Debt?
Let face it. All the GOP Senators are posturing clowns who talk the talk but do NOTHING to ever start reigning in the DC Swamp.
Funny how the ONLY time the Senate GOP-E worries about the Debt is when it involves tax cuts. Watch their demands, they will not cut 1 dime of spending but demand the tax cuts be scaled back
Lol the US Senate cut Federal Spending?
You been living under a rock the last 40 years? The ONLY thing the US Senate will demand is to remove the tax cuts that help regular people. They will not cut a single dime of spending.
Reconciliation cannot be filibustered. That why Team Trump is doing this bill
Lol really think the US Senate will cut 1 dime of spending?
The ONLY thing the US Senate will want is the tax cuts that go to regular people be scaled back. They will not cut a penny of Fed Spending.
I got that... but a shitty bill is a shitty bill period. It’s got some good things in it but more pathetic. That seems lost on many and the “better than nothing” doesn’t cut it.
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