Lone Candle
Champion of Truth
“These reversals may be surprising, but they were not remarkable. It was par for the course for congressional Republicans who, in recent years, have shown a proclivity for taking bold, theatrical stands before meekly capitulating in the face of political pressure — particularly from President Donald Trump.”
https://www.politico.com/news/magazine/2025/07/03/congressional-republicans-cave-megabill-big-beautiful-00439956
4 ways Trump’s ‘Big Beautiful Bill’ could impact your wallet
https://finance.yahoo.com/news/4-ways-trumps-big-beautiful-183228278.html
Republican Trump bill adds huge amounts to debt. Where’s the tea party!?
https://www.youtube.com/watch?v=v3NFywwMTu8
Although both parties have been fiscally irresponsible, the Republicans have been more irresponsible, despite talking about it more. The Democrats tend to offset some of their spending with taxes. Republicans just take on debt to pay for wars and tax cuts that mostly benefit the wealthy.
https://www.youtube.com/watch?v=7G0G903y098
Big beautiful bill set to lose Americans their health insurance and increase the deficit.
https://www.youtube.com/watch?v=L7Mol1267c0
“In March, President Donald Trump stood before a joint session of Congress and vowed to “do what has not been done in 24 years: balance the federal budget.”
The first major legislative package of Trump’s second term, however, will throw the federal budget farther out of balance, the Congressional Budget Office (CBO) concluded in an updated assessment of the bill.
The CBO estimates that the One Big Beautiful Bill Act, which cleared the House late last month and is awaiting a vote in the Senate, will increase deficits by $2.4 trillion over the next 10 years. The bill will reduce tax collections by an estimated $3.75 trillion over that period, while reducing government spending by an estimated $1.3 trillion.”
https://reason.com/2025/06/04/the-big-beautiful-bill-will-add-2-4-trillion-to-the-deficit/
U.S. debt is becoming more expensive because interest rates on U.S. debt are going up. The U.S. has to pay more to maintain the debt. Trump’s trade wars, and his continuation and growing of U.S. deficits, are causing this. Trump’s erratic tariff behavior causes uncertainty and discourages investment.
https://www.youtube.com/watch?v=MZc8cTnUIXo
Harvard Economist Ken Rogoff on debt, inflation and the dollar. A Charlie Rose Global Conversation
https://www.youtube.com/watch?v=ODKjBI6Lt14
Trump’s and the Republican House’s Big Beautiful Bill is a massive debt exploder while also cutting aid to low income Americans.
The Tea Party was a huge movement supposedly driven by debt and deficit. Where is the Tea Party!?
https://www.youtube.com/watch?v=IAF8vJQeMmQ
“the mess is real, and it’s because habitual deficit financing—the very disease fiscally-minded Founding Father Alexander Hamilton warned against—has become business as usual.
The reckoning comes as House Republicans push to extend the 2017 Trump tax cuts with a “big, beautiful bill.” If handled correctly, it’s a good idea. But while the legislation aims to avoid tax hikes, it pairs modestly pro-growth provisions with a smorgasbord of costly special interest giveaways. Worse, it assumes we can afford yet another $3 trillion to $5 trillion in debt without serious consequences. That’s the kind of magical thinking that spurred the credit downgrade.”
https://reason.com/2025/05/22/americas-credit-is-falling-and-the-government-is-still-digging-deeper-into-debt/