Six Nobel laureate economists said a massive budget bill passed by House lawmakers last month and backed by Trump would weaken key safety-net programs while greatly lifting the federal debt.
The tax and spending package, which Republicans have dubbed the “one big beautiful bill,” would hurt millions of Americans by slashing Medicaid and food stamps, the economists wrote in a June 2 letter on behalf of the Economic Policy Institute, a left-leaning think tank.
“Even with the safety net cuts, the House bill leads to public debt rising by over $3 trillion in coming years (and over $5 trillion over the next decade if provisions are made permanent rather than phasing out),” the economists state. “The higher debt and deficits will put noticeable upward pressure on both inflation and interest rates in coming years.”
Didn’t we already do this song and dance first time around? Trump wants to give all the rich people more money, economists say it will hurt the poor and raise the debt, Republicans pass it, the country and its people apart from the rich are worse off. We all know this passes and the effects and purpose of it. No one’s shocked Pikachu.
The difference now is that our debt is so high that the whole world is watching and downgrading our credit. Creating debt isn’t necessarily a problem of you’re using that debt to make things more productive. If you’re using that debt to build infrastructure, improve schooling, etc… Increasing your debt to give rich people more money is wasteful spending. Those same economists that are warning about this bill are also scared that we will lose our ability to cheaply borrow money.
True, but many of those morons who voted for this orange crook will probably be shocked Pikachu - until some lying scumbag comes along and tells them it was really some minority’s fault or some other fairytale along those lines. It’s just sad.
Republicans are appalled at Trumps policies until they tune into Fox that night and download their new opinions
Then first time? This is at least the 5th or 6th time.
Every time Republicans get a majority/the presidency they do this shit.
Here’s where they push the scam of “temporary” tax cuts.