Showing posts with label Spending 2025. Show all posts
Showing posts with label Spending 2025. Show all posts

Tuesday, July 1, 2025

The US Senate's biggest phony, Republican Senator Ron Johnson of Wisconsin, boasted he had enough votes to stop Trump's bill, but voted for it all three times in the end

 


 

The roll call votes are here, here, and here.

June 4, 2025, here:

Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes.

“This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that the massive tax-and-spending-cut bill would add trillions of dollars to national deficits.

“This is grotesque, what we’re doing,” Johnson said. “We need to own up to that. This is our moment.”

“I can’t accept the scenario, I can’t accept it, so I won’t vote for it, unless we are serious about fixing it,” he continued.

Johnson has been among the Senate’s loudest GOP critics of the budget bill that narrowly passed the House last month.

Johnson and other fiscal hawks have taken aim over its effect on the nation’s debt. The nonpartisan Congressional Budget Office estimated later Wednesday that the bill would add $2.4 trillion to the national debt over the next decade.

Johnson has proposed splitting the bill into two parts, though Trump insists on passing his agenda in a single package.

“The president and Senate leadership has to understand that we’re serious now,” Johnson said of himself and the handful of other GOP senators whose opposition to the bill could imperil its chances.

“They all say, ‘Oh, we can pressure these guys.’ No, you can’t.”

Republicans hold a narrow 53-47 majority in the Senate, so they can only afford to lose a handful of votes to get the bill passed in a party-line vote.

“Let’s discuss the numbers, and let’s focus on our children and grandchildren, whose futures are being mortgaged, their prospects are being diminished by what we are doing to them,” Johnson said.

Johnson’s comments came one day after Elon Musk ripped into the spending bill, calling it a “disgusting abomination” that will lead to exploding deficits. The White House brushed aside Musk’s comments.

Johnson said Musk’s criticisms bolster the case against the bill.

“He’s in the inside, he showed … President Trump how to do this, you know, contract by contract, line by line,” Johnson said of Musk. “We have to do that.”

Johnson said his campaign against the bill in its current form is not a “long shot,” because he thinks there are “enough” Republican senators who will vote against the bill.

“We want to see [Trump] succeed, but again, my loyalty is to our kids and grandkids,” he said.

“So there’s enough of us who have that attitude that very respectfully we just have say, ’Mr. President, I’m sorry, ‘one, big, beautiful bill’ was not the best idea,” he added.

 

Tuesday, June 24, 2025

Because the BBB is a GOP Christmas tree of policy-change goodies masquerading as a reconciliation bill

This was taken down pretty early this morning by the suck-ups at Real Clear Politics. I guess the bosses come in a little later than the help. 

This is arguably one of the best discussions of what is really going on that you will find. 

 
The estimate of the Senate Finance Committee’s tax provisions reflect a cost of $441 billion over ten years, according to the Joint Committee on Taxation’s estimate over the weekend. How, you might ask, could the Finance Committee have extended all the Trump tax cuts, expanded some of them, added a bunch of other new tax cuts, made some temporary business tax cuts permanent, and still only cost $441 billion? The trims to clean-energy tax credits and other rollbacks, you would presume, weren’t SO costly that they would nearly wipe out all of the costs!
 
The answer, friends, is a big gimmick known as the current policy baseline. Senate Republicans are claiming that, because the Trump tax cuts are in place now, as current policy, it costs $0 to extend them. An analogy would be if Congress passed a bill to institute Medicare for All for one day, at the cost of $4 to $8 billion, depending on your estimate, and then the next day they passed a bill extending M4A permanently, which would cost … nothing. The same Republicans who would scream bloody murder at that dastardly maneuver are the ones now employing this absurd maneuver.
 
The reality is that the Trump tax cuts, under a current law baseline that compares the policy to the change to current law, really cost $3.76 trillion over ten years. If you add that to the $441 billion estimate, you have a tax section that costs over $4.2 trillion. This is $400 billion higher than the House version that the Freedom Caucus already found intolerable, and that some self-styled Republican budget hawks in the Senate are grumbling about. ...

In most cases, the parliamentarian looks at whether provisions have a purely budgetary purpose, rather than policy dressed up as a budget item. (This is known as the Byrd Rule, after the longtime Democratic senator from West Virginia, Robert Byrd; the process by which the parties debate the provisions and by which a ruling is made is known as the “Byrd bath.”) ...

For context, the House version costs $3.3 trillion over a decade, according to the latest estimates. We’re verging on $4 trillion for the Senate bill—unless the Republicans’ wish to have the $3.7 trillion in tax cuts entered as zero passes muster with the parliamentarian. ...           

Update Wed Jun 25:

Real Clear Politics put this back up in the rotation this morning, lol. 

Saturday, June 21, 2025

The U.S. Senate parliamentarian still has not ruled on the GOP's wacky current policy vs. current law baseline

The current policy is the temporary Trump tax cuts from 2017. 

The current law is the tax compromise worked out by Barack Obama and John Boehner.

I don't think this thing is going to be done by the Fourth of July.

 

 GOP’s food stamp plan is found to violate Senate rules. It’s the latest setback for Trump’s big bill

... The parliamentarian’s office is tasked with scrutinizing the bill to ensure it complies with the so-called Byrd Rule, which is named after the late Sen. Robert C. Byrd, D-W.Va., and bars many policy matters in the budget reconciliation process now being used. ...

Some of the most critical rulings from parliamentarians are still to come. One will assess the GOP’s approach that relies on “current policy” rather than “current law” as the baseline for determining whether the bill will add to the nation’s deficits. ...


Wednesday, June 11, 2025

I guess stocks didn't like the monthly Treasury statement indicating worsening fiscal conditions lol

 


Five months in, the Trump administration still doesn't have spending under control with the fiscal year to date deficit running 13.5% higher than last year to this point

Deficit FY 2024 through May: $1.202 trillion

Deficit FY 2025 through May: $1.364 trillion

Difference: $162 billion MORE in the hole than last year at this time

I don't care what Elon Musk's DOGE claims, the May numbers from the US Department of the Treasury do not lie.

A tax increase was never more needed. 

 


 

Thursday, June 5, 2025

It took only a few months of intense familiarity for Elon Musk to develop his complete contempt for Donald Trump and Capitol Hill

 Elon made his Oval Office farewell just six days ago, and now look at them.

Elon is an exceptionally accomplished person in the auto industry, the communications industry, and the space industry. He's not a perfect man by any stretch of the imagination, but he stands head and shoulders above the puny little rejects of the political class, a bunch of climbers whose sole ambition in life is to control the $7.2 trillion in its hands this particular fiscal year. That must have been pretty boring to be around, and frankly beneath him.

 




Not your daddy's Republican Party

 


The Republican claim that the Big Beautiful Bill's cuts to Medicaid coverage will be offset by enrollments in employer-provided health insurance is a bad joke

The enrollment rate in employer provided health insurance is down four points 2008-2021, from 54% to 48%.

Why?

Costs.

The average premium for a health insurance plan from an employer was 36% higher in 2021 than the inflation adjusted premium from 2008 should have been. The 2008 premium of $4,386 should have been $5,446 in 2021. Instead it was $7,380.

People can't afford this insurance.

Meanwhile their out of pocket cost for it increased 86% over the period, while their deductibles shot up 131%.

Government mandated health insurance, Obamacare, has been a disaster for workers who have voted with their feet against it because they can't afford it and benefit little from it, swelling Medicaid enrollments in desperation.

Republicans promised to fix this in 2017 and failed.

Now they're saying, Let Them Eat Cake.

 


 

 

 

Thursday, May 29, 2025

These lunatics are their own worst enemies

 The guy with the common sense about the national debt who stands in the way of Trump's Big Beautiful Bill wants to re-litigate 9/11.


Wednesday, May 28, 2025

The lead actor in the sequel to the Grace Commission didn't realize it was just a show

 

 
... “I was, like, disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decrease it, and undermines the work that the DOGE team is doing,” Musk said in a clip the program shared on social media platform X. ... “I think a bill can be big or it could be beautiful, but I don’t know if it could be both,” Musk said in the clip. ...

In an interview with The Washington Post published Tuesday, Musk said that the federal bureaucracy is “much worse than I realized” and that DOGE became “the whipping boy for everything.”

Sunday, May 25, 2025

House Speaker Mike Johnson's spending bill is in big trouble with the US Senate's Ron Johnson

 



... You have heard people talk about zero-based budgeting. I'm talking about a budget of $5.5 trillion to $6.5 trillion. Those are options from Clinton, Obama, and Trump (first term), where you just take their actual outlays, plus them up by population growth and inflation, leaving Social Security, Medicare, and interest untouched. That would leave you somewhere between $5.5 trillion and $6.5 trillion. So you start there, but you have to do the work, and you need the time to do the work. ... I think we have enough [senators] to stop the process until the president gets serious about spending reduction and reducing the deficit.


Friday, May 23, 2025

The complaisance is amazing, we are the French

 Yes mon ami, there are Muslim-controlled no-go zones in gay Paris, but what can we do? 🤷


Thursday, May 22, 2025

Paper tiger Donald Trump March 2018: I will never sign another bill like this again

He's signed them ever since lol. Nothing's changed.

 

Trump signs $1.3 trillion spending bill into law despite being ‘unhappy’ about it

... Trump slammed the rushed process to pass the more than 2,200-page bill released only Wednesday. Standing near the pile of documents, the president said he was “disappointed” in the legislation and would “never sign another bill like this again.” ... 

 


 


 



So-called fiscal hawks of the House GOP totally cave and narrowly pass Trump's omnibus tax and spending bill 215-214: Massie of Kentucky and Davidson of Ohio were the sole Nay votes

 The House Freedom Caucus is a joke, along with the rest of them: At least $20 trillion in new debt over ten years, increases the SALT cap for itemized deductions important in high tax Blue states, Green New Deal spending still in there, ratifies federal support for Medicaid's backdoor vehicle as insurance under Obamacare, etc.

The Chair of the House Freedom Caucus: