Posted on 02/27/2025 3:21:53 AM PST by RandFan
Senate Republicans are staring down a major fight to overhaul the House’s budget resolution as lawmakers eye big changes.
Speaker Mike Johnson (R-La.), with the help of President Trump’s muscle, was able to get the House’s plan to enact Trump’s sweeping legislative agenda past a key hurdle on Tuesday.
But even as Senate Republicans say they’re relieved the House was able to advance the measure, they’re also crying foul that it wouldn’t make the 2017 Trump tax cuts permanent and fretting about the deep cuts to Medicaid that would be required to finance the House’s plan.
Now, the effort to advance Trump’s priorities enters a new stage with both sides attempting something they’ve been unable to do since late last year: get on the same page.
“It’s complicated. It’s hard. Nothing about this is going to be easy,” said Senate Majority Leader John Thune (R-S.D.). “There are some things that we need to work with the House package to expand upon.”
(Excerpt) Read more at thehill.com ...
It’s time for our politicians to face reality. The USA is Bankrupt.
We are bleeding profusely and will soon die unless this bleeding is stopped.
In providing emergency care, one of the first steps is to control bleeding: Apply direct pressure to any visible bleeding wounds.
Trump is applying that pressure or the patient will die.
The government is fooling us by hiding the extent of the problem by adding Social Security and Medicare restricted funds to the general budget. The Social Security and Medicare taxes represent 35% of total revenue.
In fiscal year (FY) 2024, the US government collected $4.92 trillion in revenue. Of that, $1.72 trillion was Social Security and Medicare taxes. That leaves $3.2 trillion left to pay interest on the debt, for defense, the prison system, and to to run the government.
To put things in perspective, if the interest on the $37 trillion in debt reaches 10%, it would be $3.7 trillion in interest, equalling 100% of our revenue. That leaves nothing for defense or to run the government. Interest rates on Treasury Securities in the early 1980’s were over 15%.
Add to that the fact that annual Social Security and Medicare payouts are now exceeding taxes, and are running a deficit. All of the Social Security and Medicare Trust Funds have been lent to the General Fund and spent. That means that the annual deficit in these funds must come from the general fund.
Unless the bleeding is stopped immediately, everything will collapse, as the patient will die. No Social Security or Medicare payments, no government handouts, no defense, no funds to run the prisons, ..... nothing.
This is urgent as we are in crisis mode and heading rapidly toward death.
It’s almost as if every single bill (program) has a kickback clause or two. Someone in Congress is getting at least a few cents out of every dollar spent. Each senator has his own pet projects.
The dirty dems are spent money on sanctuary cities,billions on illegals including SS,medicaid, you name it,all that has to leave the budget no matter what it’s under.
The Seante is correct in making the tax cuts permanent.
You left out the part about medicaid cuts.
How is one going to pay for the permanent tax cuts?
And there is NO WAY “growth” is going to cover 1.5 trillion or more dollar deficits each yeat...and even in the bill, it’s admitted that this will be the average deficit for the next 4 years
What about the other stuff
I don’t even like the HOUSE bill!
But not cutting medicaid should be a non starter for house members...they were smart enough to put that in.
When we do our budgets, and let’s say we are many, many 10s of thousands in debt...does our long range plan call for TRYING to slow down that yearly deficit in the hopes that in TEN YEARS we MIGHT have a balanced budget?
Come on man.
Pass a REAL balanced budget, regardless of the pain.
And actually, for us individuals, our goods would have been confiscated a long time ago as we would be brought to court and lose.
Rand’s is the only budget that really attempts to balance the budget.
And we saw how the vote on that turned out.
I would have never even known about his budget had you not posted about it.
You don’t “pay” for tax cuts. That’s their language. DOGE is handling the rampant waste. Did we suddenly need $7 trillion more these past 4 years?
I merely stated they are correct about the tax cuts. Then the next congress can’t just let them expire. They have to raise taxes.
What about it?
“You left out the part about medicaid cuts.”
The Federal Government reimburses the states for about 60% of Medicaid expenditures. Does that include Medicaid paid to illegal aliens?
Trump should stop all Medicaid reimbursement to states until this is investigated.
Stop the IRS tax system from being a social welfare program.
Eliminate all refundable credits in excess of taxes paid by a taxpayer.
Having spent 24 years in uniform, and another 15 years as a civil servant, I can guarantee that, if we cut even 75% of the fraud/waste/abuse, we can afford the tax cuts - and if they trim the fat out of the budget and get rid of unneeded/duplicate agencies, we can afford even bigger tax cuts.
Can’t imagine why the House didn’t make them permanent???
I’m 73 years old and have voted since the first Nixon administration. I have never seen in my lifetime a congress that “reeeeaaallllyyyy” means to cut and live within a budget, like we must do. I am a military retiree. Every time you move from one assignment to another, you are given travel pay to cover you and your family’s move. Yes, they shipped your household goods to the next duty station. However, you have to vacate one dwelling, move and live while moving along. Then you get to the next duty station and have to probably live in a motel until you can find housing to live in, either on base if immediately available (which only happened to me once in my career) or you found a house/apartment. Usually, the travel pay was long gone by then. You were now on your own. You have to eat all the additional costs. How? Go into debt with a credit card. We all lived with this throughout our careers. We spend the whole new assignment paying off that debt, only to repeat as you moved again. WE have to live within a budget or go into debt, which most Americans are deep in debt, WHY THE HELL CAN CONGRESS NOT DO IT? Oh yeah, I forgot, they have to pay off their pals who send millions to their reelection Pac’s. Congressmen get paid, what, $185,000 per year, yet they are all multi-millionaires by the time they leave congress. What is that fool of an ex-head of the senate, O’Connell, worth? I bet multi-millions, OFF OUR TAXES. Nice job if you can get it. I have never voted for a congressman that I really trusted. Just cut the damned budget you bunch of Morons. (Sorry Morons for calling you “politicians.”) They get to vote their own pay raises. What a deal.
There is no such thing as permanent tax cuts.
Hopefully once the clouds have passed and we right the ship
WE NEED TO DEMAND FROM LAWMAKERS THAT THOSE WHO DID THIS TO US FACE JUSTICE, REAL JUSTICE not a slap on the wrist
The tax cuts had a sunset provision because the long-term Congressional Budget Office revenue projections in 2017 weren't sufficient to make them permanent.
Dumb idea.
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