The Senate version is far more expensive, and far more underfunded, than the US House version. If this version becomes law, Trump with have — in both of his terms — provided over the largest increases in the US deficit in history. Both times.
So much for… government “efficiency”, right?
[Updated — and here late on Sunday night (no surprise!) Hinderaker and the boys WILL NOT complain about the plainly profligate spending in the bill, as it favors “the industries of the past” to which each is beholden (oil & gas, shale, dirty coal, mining) — as well as tax breaks for billionaires.
And higher taxes on wind and solar — and removes about 12 million people of limited means from eligibility for health insurance of any kind. So much for responsible, responsive small government, as well. This idiotic, evil measure seeks to dictate which views may be expressed about religion, race and identities — via punishing taxes. What a hypocrite old John is. But he knows who is buttering his bread. End, updated portion.]
The unfunded national debt will be over $40 trillion by the time he leaves office. And over $3.3 trillion of that total will be what he chose to do. FUGLY. Here’s the latest:
…The sprawling tax and health care bill that Senate Republicans are trying to pass would add at least $3.3 trillion to the already-bulging national debt over a decade, the nonpartisan Congressional Budget Office said on Sunday, putting a far higher price tag on the measure than some of the party’s fiscal hawks had indicated they could stomach.
The cost of the Senate bill, which Republicans rolled out overnight on Friday and were still shaping on Sunday, far exceeds the $2.4 trillion cost of the version passed in the House, where lawmakers had insisted that the overall price of the bill not substantially change. But Senate Republicans still moved forward with a number of costly changes to the bill, including making prized tax breaks for business a permanent feature of the tax code….
Damnation. These MAGA / GOP idiots are becoming even wilder spenders that the “social welfare” Democrats they so derided from the 1960s onward — for nearly 65 years! And it will be worse than it was, proportionately, at the end of World War II.
From 2025 to 2035, US debt will now swell as increases in mandatory spending and interest costs outpace growth in revenues. Federal debt held by the public will rise from 100 percent of GDP this year 2025, to 118 percent in 2035 — surpassing its previous high of 106 percent of GDP in 1946. What a completely feckless, moronic lot this MAGA GOP is. Damn. Out.
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