The Republicans’ $3 Trillion Vanishing Act
Republican Trump bill adds huge amounts to debt. Where’s the tea party!?
https://www.youtube.com/watch?v=v3NFywwMTu8
Tag: deficit
Trump Punishes Red State Voters With Big Brutal Bill
Big beautiful bill set to lose Americans their health insurance and increase the deficit.
https://www.youtube.com/watch?v=L7Mol1267c0
The ‘Big Beautiful Bill’ Will Add $2.4 Trillion to the Deficit
“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/
USA Dollar Crash Continues
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
Harvard Economist Ken Rogoff on debt, inflation and the dollar. A Charlie Rose Global Conversation
https://www.youtube.com/watch?v=ODKjBI6Lt14
Trump’s Big Budget Bomb (Part 1) | The Ezra Klein Show
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
America’s Credit Is Falling—and the Government Is Still Digging Deeper Into Debt
“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/
Why everyone is wrong about the economy | Jason Furman | The Reason Interview with Nick Gillespie
Biden ran as a relative moderate, but governed more to the left, creating inefficient policy and contributing to inflation.
Large and growing government debt reduces economic growth because that means the government is borrowing more money, which drives up interest rates, which drives down business investments and homebuilding. When borrowing from foreigners, you have to give some of your economic growth to them to repay them.
https://www.youtube.com/watch?v=KogDw5ZRcl0
Twin Deficit Crisis: ‘This Is How You End Empires’, Recession Imminent? | Darius Dale
Republicans and Democrats are hurtling the U.S. toward a debt crisis. The trade deficit cannot be fixed by bullying foreign countries. To fix the country’s economic woes, the U.S. needs to lower spending to reduce or eliminate the budget deficit. The U.S. depends on the world to buy U.S. debt. If they buy less, interest rates will destroy the U.S. economy. The U.S. needs to fix the budget deficit to prevent this.
https://www.youtube.com/watch?v=lixA8SuJf2E
Feds Borrowed $1.3 Trillion in the First 6 Months of This Fiscal Year
“President Donald Trump stood before a joint session of Congress less than six weeks ago and vowed to do something that has not been done in nearly a quarter century: balance the federal budget.
New numbers from the Treasury and recent developments in Congress suggest that’s not going to happen. Indeed, all indications are pointing in the opposite direction.
The federal government borrowed $1.3 trillion during the first six months of the current fiscal year, the Treasury Department reported last week. That’s the second-highest six-month total in history, bested only by the record set in the midst of the COVID-19 pandemic.”
https://reason.com/2025/04/14/feds-borrowed-1-3-trillion-in-the-first-6-months-of-this-fiscal-year/