In reality, it’s not much different than:
And Tuesday never comes.
Posted on 05/27/2025 8:10:30 PM PDT by NoLibZone
Elon Musk said he is "disappointed" by the costs of President Donald Trump's "one big, beautiful bill" passed by Republicans in the House last week.
"I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing," Musk told "CBS Sunday Morning" in an exclusive broadcast interview
The remarks by Musk, who recently stepped back from running the Department of Government Efficiency, or DOGE, are in contrast to Trump, who backed the legislation, which still needs Senate approval.
(Excerpt) Read more at foxnews.com ...
They are spending too much money when do the breaks get applied.
Blame the Do Nothing Congress.
Musk should be charged with treason, or something.
Congress is ultimately at fault, and Musk knows this
Congress is incapable of not spending. Its the original swamp.
It’s a good thing he doesn’t post on FR.
No. It can mean many things. People can disagree...
Donald Trump, whom I would crawl over broken glass for to vote or support, may make a few wrong decisions. Overall, I have his back.
They say the excess dpending is ok, we will grow the economy and pay for it that way .
What happens if the economy doesn’t grow?
And why not just cut government and spending ?
I agree with Musk..how can the GOP NOT put in the DOGE cuts in the damn bill what was the point of DOGE if nothing gets codified into the bill
Musk should be charged with treason, or something.
________________________________________
Yeah. Send him back to Africa.
/sarc
Because spending other people’s money is more addictive and more pleasure than using cocaine.
In reality, it’s not much different than:
And Tuesday never comes.
If the Congress critters did that, how can they brag about all the pork they are bringing back to district?
If Trump wants his BBB passed as is and no one else does, how is this Congress’ fault?
Even the most die-hard Trump supporter admits there is not enough spending cuts in this BBB.
When Ron Johnson and Rand Paul are up in arms against the SPENDING SIDE of the so-called “Big Beautiful Bill” They get flack and are attacked by Republicans for being prima donnas.
We will never get our financial house in order (and the bond markets seem to agree ).
The nonpartisan Congressional Budget Office estimates that President Donald Trump’s “big, beautiful bill” would pile another $3.8 trillion to that mountain of debt.
That kind of extra borrowing would only amplify growing concerns about America’s unsustainable financial trajectory.
For context on our current debt, the U.S. budget deficit grew to $1.83 trillion last year. That’s equivalent to 6.4% of U.S. economic output, marking the highest reading ever other than the COVID-19 pandemic.
And as of last month, (covering the first half of the fiscal year), the deficit climbed to more than $1.3 trillion. That is the second-highest six-month deficit on record (second only to Covid).
Then there’s the overall national debt that is ballooning – and accelerating. It’s now nearly $37 trillion, growing at more than $1 trillion about every 100 days.
The current debt-to-GDP ratio clocks in at 123%. This is unsustainable over the long term.
Adding another $3 trillion of debt in the “big, beautiful” bill moves us in the wrong direction.
Congress: where our $$$$ go to die.
Notice something that’s interesting? Here it is:
This debt fear cycle? It’s a rerun.
A tired, predictable, endlessly re-aired episode of “Wall Street Panic Theater.”
The U.S. debt has been ballooning since before the iPhone existed, and guess what? The market is up more than 600% since then.
Why? Because U.S. debt is backed by the most powerful, dynamic, innovation-rich economy in the history of the world.
Let’s just put it plainly: Amazon, Microsoft, Nvidia, Apple, Meta, and Tesla run the global economy. They generate trillions in market value, drive innovation in nearly every sector, and — crucially — they all pay taxes to Uncle Sam.
As long as those companies are thriving, the U.S. government will continue to find plenty of buyers for its debt.
So no, the debt panic isn’t something new. And every single time it’s popped up, it’s created a great opportunity to buy stocks.
This time is no different. At least not yet.
Now, bears might respond, “but even if the government avoids a reckoning, the bond market is still sending signals about inflation that you’re ignoring”
Last Friday, Chicago Federal Reserve President Austan Goolsbee said that President Trump’s tariffs – and threatened tariffs – are likely to keep the Fed from lowering rates until inflation trends are easier to see.
As to “threatened tariffs,” last Friday, Trump – frustrated with a perceived lack of progression with the European Union (EU) – called for a blanket 50% tariff on all EU goods to begin on June 1.
But on Sunday, following a call with EU Commission President Ursula von der Leyen, Trump agreed to push that date back to July 9. The market is jumping today on the good news.
While stock investors are pleased to have avoided a selloff, this “stop/start” of tariffs is prolonging and intensifying the economic uncertainty that’s kept the Fed on the sidelines so far this year. And it looks like “more of the same” is on the way.
Right.
Free republic lens Creedence to Democrats claims that Maga is a cult.
My love Trump voted for every time he ran.
But he does F up some stuff.
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