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I thought the main reason for DOGE was to cut wasteful government spending so that we could reduce the massive deficit that is beginning to act as a huge anchor, pulling down our economy.
Obvious not!
Moody’s downgrades United States credit rating
Started by metmike - May 17, 2025, 6:30 p.m.
https://www.marketforum.com/forum/topic/111921/
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With regards to accumulation of additional debt from this bill. They did it while making major cuts on specific programs for the poor. This is ironic.
Make big DOGE cuts(some in areas of government spending in key areas, like the NWS). Make cuts for programs to help the less fortunate.............and still bloat the National Debt????
I could strongly justify ALL these cuts and was looking at it that way until now.
In appreciating NOW that they are NOT being used to reduce the National Debt, this is extremely poor management of our budget and deleterious to the vast majority of Americans for benefits of very few.
Ironically, even the rich that benefit from this plan......will be harmed increasingly by the growing National Debt.
There are some good things within the bill but so what? The bottom line is that it greatly adds to the weight of the anchor which is slowing down the US economic ship and WILL sink it eventually if this keeps up. There is less and less opportunity to do something and I was thinking this was one of our last chances.
At this rate, the dire consequences will be inevitable!
there two sides to this story even if big media only tells one. The other side is getting growth back north of 3% instead of the lib goal 1%. We do that {and that is very doable} we bring in another 4 trillion dollars......wow how about that budget? We get rid of all the needless regs and grow like that and we reduce the deficit.
Thanks, mcfarm!
I hope it works out that way.
From a knowledgeable and smart poster at another BB:
CBO estimates that 13 million people will lose health insurance due to the so called "big beautiful bill". On top of that it will require many people on Medicaid to pay $35 co-payments when visiting the doctor. If someone is on Medicaid, they cannot afford 35 buck co-payments, in effect causing more to lose health insurance.
Oh well, I guess big tax cuts for the rich are more important.
in other words or more accurate words that would be tax cuts for those who pay taxes and most of us are not rich
Thanks very much, Larry.
That point of yours is exactly what bugs me the most about this bill.
I'm actually for universal health care in this country because we are a very rich country that COULD make it work if we wanted to and tens of millions of Americans are UNDER insured or have no insurance.
Are they not Americans too?
Those that are blessed with the most and more than they need should be grateful and express that by sharing some of that with those that are less fortunate.
We live in a very materialistic society with millions of people that not only take their good fortune for granted (and I get that they worked their butts off and deserve everything they earn).
And I get that millions of people abuse welfare and free government stuff but for me one question is:
Do we cut off the millions of abusers at the expense of millions, especially children that NEED this support to live a basic existence which everybody born in this country should have?
Ironically, we are cutting back on foreign aid to help less fortunate people in other countries to keep that money at home for our citizens.........but we are doing the same thing to our less fortunate citizens too!
https://www.cbsnews.com/news/elon-musk-disappointed-by-trump-big-beautiful-bill-doge/
"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 said.
The tax provisions of the package, titled the "One Big Beautiful Bill Act" after Mr. Trump's name for the bill, would increase the deficit by $3.8 trillion by 2034, according to the Congressional Budget Office.
"I think a bill can be big or it can be beautiful," Musk told CBS News, "but I don't know if it can be both. My personal opinion."
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Exactly my comment!
https://thehill.com/homenews/5331561-elon-musk-trump-budget-bill-gop/
Elon Muskdropped a rhetorical bomb on President Trump’splans to pass a massive budget bill on Tuesday.
Musk, the world’s richest man, excoriated legislation that Trump calls big and beautiful as “a disgusting abomination.”
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He knew what was in this bill when it came out but waited until the media was crushing him with really bad news coverage on Sunday and Monday to drop this bomb in order to manipulate the media.
Now, instead of vilifying Musk with top news stories about his drug use, they are giving him "the enemy of my enemy is my friend coverage"
Elon Musk, the King of manipulating!
Re: Re: Re: Re: Elon Musk uses drugs
By metmike - June 4, 2025, 7:13 p.m.
The nonpartisan Congressional Budget Office also found that the House-passed legislation would increase the number of people without health insurance by 10.9 million by 2034.
It's like NOT having your cake and NOT eating it either!
And when you dial in what DOGE did, taking money that was being paid to employ government workers that were doing jobs and being sent to worthy organizations, then doing what with it?
NOT pay down the debt. What money was saved by this if this Big (UN)Beautiful Bill is passed?
This is like the fake anti inflation act.
It was a huge spending bill originally called the Climate Bill but couldn't quite pass. So they just RENAMED it, because we were having high inflation and pretended it would fight inflation to sell it to people and get it passed.
Calling this the Big Beautiful Bill is giving it a name that is the complete opposite of what it represents.
A new bipartisan bill and a tax plan from the House GOP could mean bigger retirement tax savings to offset taxes on Social Security and high prices.
https://www.kiplinger.com/taxes/significant-tax-deduction-increase-proposed-for-those-over-65
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https://taxfoundation.org/blog/one-big-beautiful-bill-pros-cons/