MYTHBUSTER: One Big Beautiful Bill Cuts Spending — and More Cuts Are on the Way

Whitehouse.gov ^ | June 5, 2025 | The White House

[SoConPubbie]

“Where are the spending cuts?”

• FACT: President Donald J. Trump’s One Big Beautiful Bill is just one mechanism the Trump Administration is using to cut spending.

• FACT: The One Big Beautiful Bill includes $1.7 trillion in mandatory savings. This means that for the first time since the 1990s, the bill offers a chance to cement real savings on mandatory spending programs into law.
  • OMB Deputy Director Dan Bishop — known for his fiscal responsibility — says he “waited for an opportunity like this” when he was in Congress to make real, substantial spending cuts.

• FACT: The One Big Beautiful Bill makes permanent fixes to Medicaid and food stamps — and that chance may never come again. This is an opportunity to kick illegal immigrants off the taxpayer-funded rolls, cut government funding for sex changes, and restore integrity in program spending — saving taxpayers hundreds of billions of dollars. This opportunity will likely not come again.

“Shouldn’t the One Big Beautiful Bill do more to cut spending?”

• FACT: This is a reconciliation bill, which is a procedural maneuver that can ONLY be used to make changes to certain mandatory spending programs, such as entitlements. It is NOT an appropriations (discretionary) bill, which is how government operations are funded on an annual basis.

• FACT: President Trump’s budget proposal makes the most substantial spending cuts in a generation — reducing non-defense spending by $163 billion, or 22% below current levels. Adjusted for inflation, it’s the lowest non-defense spending in 25 years and will generate trillions of dollars in savings over the next decade.

• FACT: Another tool the Trump Administration is using to cut spending is known as a “rescission,” which cancels funding that has already been appropriated by Congress. Earlier this week, President Trump sent his first rescissions package to Congress, asking them to claw back billions of dollars in wasteful foreign aid, bureaucratic fraud and abuse, and federal funding for NPR and PBS — and it’s just the first of many such rescissions packages.

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TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: bbb; bigbeautifulbill; trump

[yldstrk]

I certainly hope so.

[blueyon]

OK then I am in - Let’s get this bill past

[DIRTYSECRET]

The Camp David Accords was a ‘beginning’. Critics didn’t agree. They’ve held up and the Abraham Accords are a continuance.

The longest journey starts with a single step.
Heard it some where.

[FreeReign]

Only four replies on this thread.

When we get a post with The White House's side of the BBB, the BBB critiques disappear.

[woodpusher]

With all those reductions and all that saving going on, why do they want to eliminate the debt ceiling? Only the federal government knows how to reduce spending and increase the debt at the same time.

https://home.treasury.gov/system/files/136/Debt-Limit-Letter-to-Congress-May-9-2025.pdf

On May 9, 2025 Secretary of the Treasury Scott Bessent wrote to Congress, "A failure to suspend or increase the debt limit would wreak havoc on our financial system and diminish America's security and global leadership position."

The last time the debt was reduced year over year was in 1957 under Eisenhower. The total federal debt first hit $1T in 1982 under Reagan.

https://fiscaldata.treasury.gov/interest-expense-avg-interest-rates/

The interest on the debt for 2024 was $1.13T. The interest year to date for 2025 is $776B.

The debt has increased $17T from 9/30/2015 to 9/30/2024. The trend will not be reversed by a press release from the White House.

https://www.treasurydirect.gov/NP_WS/debt/current

The debt to the penny as of 5 Jun 2025 was $36,216,389,414,480.21.

https://fiscaldata.treasury.gov/datasets/historical-debt-outstanding/historical-debt-outstanding

9/30/2024 $35,464,673,929,171.69
9/30/2023 $33,167,334,044,723.16
9/30/2022 $30,928,911,613,306.73
9/30/2021 $28,428,918,570,048.68

9/30/2020 $26,945,391,194,615.15
9/30/2019 $22,719,401,753,433.78
9/30/2018 $21,516,058,183,180.23
9/30/2017 $20,244,900,016,053.51
9/30/2016 $19,573,444,713,936.79
9/30/2015 $18,150,617,666,484.33
9/30/2014 $17,824,071,380,733.82
9/30/2013 $16,738,183,526,697.32
9/30/2012 $16,066,241,407,385.89
9/30/2011 $14,790,340,328,557.15

9/30/2010 $13,561,623,030,891.79
9/30/2009 $11,909,829,003,511.75
9/30/2008 $10,024,724,896,912.49
9/30/2007 $9,007,653,372,262.48
9/30/2006 $8,506,973,899,215.23
9/30/2005 $7,932,709,661,723.50
9/30/2004 $7,379,052,696,330.32
9/30/2003 $6,783,231,062,743.62
9/30/2002 $6,228,235,965,597.16
9/30/2001 $5,807,463,412,200.06

9/30/2000 $5,674,178,209,886.86
9/30/1999 $5,656,270,901,615.43
9/30/1998 $5,526,193,008,897.62
9/30/1997 $5,413,146,011,397.34
9/30/1996 $5,224,810,939,135.73
9/29/1995 $4,973,982,900,709.39
9/30/1994 $4,692,749,910,013.32
9/30/1993 $4,411,488,883,139.38
9/30/1992 $4,064,620,655,521.66
9/30/1991 $3,665,303,351,697.03

9/28/1990 $3,233,313,451,777.25
9/29/1989 $2,857,430,960,187.32
9/30/1988 $2,602,337,712,041.16
9/30/1987 $2,350,276,890,953.00
9/30/1986 $2,125,302,616,658.42
9/30/1985 $1,823,103,000,000.00
9/30/1984 $1,572,266,000,000.00
9/30/1983 $1,377,210,000,000.00
9/30/1982 $1,142,034,000,000.00
9/30/1981 $997,855,000,000.00

[Bob Wills is still the king]

Thank you. Too much Hopium floating around BBB.

[GailA]

Since Reconstruction, Catherine Fitts https://www.youtube.com/watch?v=z8pA2TDXtew&t=16s, was followed by the book Jekyll and Hide in 1990. $22 TRILLION, IT IS NOW 2025, Expoliate that out to today’s dollars. Book review: The Creature from Jekyll Island

https://www.eetimes.com/book-review-the-creature-from-jekyll-island/

The title of this book by G. Edward Griffin