Musk on BBB

20,524 Views | 314 Replies | Last: 9 mo ago by Jet White
AggieVictor10
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Trump should listen to the GOAT.
hard times create strong men. Strong men create good times. good times create weak men. and weak men create hard times.

less virtue signaling, more vice signaling.

Birds aren’t real
Lol,lmao
UntoldSpirit
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zoneag said:

UntoldSpirit said:

Deputy Travis Junior said:

People talk about kicking the can down the road, but the bill is almost due. Trump won't have to deal with a collapsing Social Security fund, but according to the CBO, there's a decent chance that the very next president that we elect will still be in office when SS announces that it's cutting benefits by a fifth to a quarter because it doesn't have the money to fund the promised amounts (if the 2028 president narrowly misses it, then 2032 definitely will have to deal with it immediately).

The reckoning is ****ing here and people are saying "we can't talk about that, that issue is a political loser!" Trump is a second term president who's done in 3.5 years. He claims that he wants to do right by the American people, so how about he stops ****ing around with on again/off again tariffs that we all know aren't going to result in more than a few micro concessions from random countries, and instead focuses on the crap that matters?
Or we balance the budget in three to four years and save social security. That IS the plan. Without this, there is no plan and no hope and an entire political party gaining strength that will guarantee its destruction.
Do people actually still believe this? How many rounds of "We have to pass this turd sandwich now, so we can get to the real reform later" do you have to go through with the GOP. The debt isn't going to be dealt with by anyone, since even the alleged "conservative" party thinks cutting spending back to pre-pandemic levels is draconian.
Here are some facts.
-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.
-No tax on SS and no tax on tips will reduce those gains, but Trump got elected on that
-The BBB is a reconciliation bill that can only deal with non-discretionary spending
-The debt ceiling has to be raised. Raising it now prevents the democrats from using that as a political tool in the future, which they will certainly do if they can.
- More cuts coming (DOGE cuts, and 2026 budget cuts) - discretionary spending cuts can happen in 2026 budget
- BBB supporters are expecting growth combined with spending cuts to allow balancing budget in three years

Here is Senator Mullin from Oklahoma stating that if GDP is around 3 percent, with the cuts put in place in the BBB, the budget can be balanced in 2.5 to 3 years:



GAC06
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People thought Trump would cut spending in any meaningful way? Lol
blacksox
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You can't really believe that is actually going to happen, can you? It's diversionary mind rot while they continue to steal and spend money we do not have. There are no plans to stop.
Jet White
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Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
UntoldSpirit
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Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
Both the OMB director and Senator Mullin today reiterated that fact. The problem is that the SS tax promise (and tips and overtime tax promises) cut into that. But those cuts will be improved upon in 2026.
Logos Stick
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This:

"The BBB cuts around 1.6 Trillion immediately in non-discretionary spending."


Is completely false. No idea where you got that.

valvemonkey91
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The republicans won't hold the house after 2026.
Jet White
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UntoldSpirit said:

Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
Both the OMB director and Senator Mullin today reiterated that fact. The problem is that the SS tax promise (and tips and overtime tax promises) cut into that. But those cuts will be improved upon in 2026.


Buddy I know it's only Tuesday, but I'll have a glass of whatever it is you're having.
Logos Stick
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UntoldSpirit said:

Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
Both the OMB director and Senator Mullin today reiterated that fact. The problem is that the SS tax promise (and tips and overtime tax promises) cut into that. But those cuts will be improved upon in 2026.


LoL, no they won't.

All the cuts are back loaded. For example, the Medicare cuts for wste, fraud and abuse don't start until 2029, AFTER Trump leaves office. They will never happen.

In order to not violate the Byrd rule, they have to promise to cut a bunch of stuff on the back end. Cuts that will never occur because they will pass another reconciliation bill to nuke the cuts.
UntoldSpirit
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valvemonkey91 said:

The republicans won't hold the house after 2026.
They might if they get this bill passed which will include a bunch of Trumps most important promises (no tax increases, cut SS taxes, no tax on tips and overtime, etc.). DOGE cut recission packages are starting up next week, and the country will be set up for incredible growth. The balanced budget of FY 2028 should be a great selling point.
GE
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Logos Stick said:

This:

"The BBB cuts around 1.6 Trillion immediately in non-discretionary spending."


Is completely false. No idea where you got that.

TOTAL discretionary spending for FY 24 was approximately $1.6 trillion.
It said non-discretionary, not discretionary.
UntoldSpirit
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Logos Stick said:

UntoldSpirit said:

Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
Both the OMB director and Senator Mullin today reiterated that fact. The problem is that the SS tax promise (and tips and overtime tax promises) cut into that. But those cuts will be improved upon in 2026.


LoL, no they won't.

All the cuts are back loaded. For example, the Medicare cuts for wste, fraud and abuse don't start until 2029, AFTER Trump leaves office. They will never happen.

In order to not violate the Byrd rule, they have to promise to cut a bunch of stuff on the back end. Cuts that will never occur because they will pass another reconciliation bill to nuke the cuts.
You may be right about those particular cuts (I don't know) but according to OMB and Mullin, the 1.6 trillion is happening NOW. That was emphasized.
Marvin
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Trump is not a fiscal conservative. Never has been and never will be. That is not who you voted for, but will you hold your nose and accept the bad with the good? Only you can decide whether it's overall good.
Logos Stick
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GE said:

Logos Stick said:

This:

"The BBB cuts around 1.6 Trillion immediately in non-discretionary spending."


Is completely false. No idea where you got that.

TOTAL discretionary spending for FY 24 was approximately $1.6 trillion.
It said non-discretionary, not discretionary.


Ok, my bad.

Nothing is getting cut immediately regardless.
Jet White
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Quote:

In order to not violate the Byrd rule, they have to promise to cut a bunch of stuff on the back end. Cuts that will never occur because they will pass another reconciliation bill to nuke the cuts.


You mean the same ploy they pull every time they are in power? No way.
Jet White
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UntoldSpirit said:

Logos Stick said:

UntoldSpirit said:

Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
Both the OMB director and Senator Mullin today reiterated that fact. The problem is that the SS tax promise (and tips and overtime tax promises) cut into that. But those cuts will be improved upon in 2026.


LoL, no they won't.

All the cuts are back loaded. For example, the Medicare cuts for wste, fraud and abuse don't start until 2029, AFTER Trump leaves office. They will never happen.

In order to not violate the Byrd rule, they have to promise to cut a bunch of stuff on the back end. Cuts that will never occur because they will pass another reconciliation bill to nuke the cuts.
You may be right about those particular cuts (I don't know) but according to OMB and Mullin, the 1.6 trillion is happening NOW. That was emphasized.


I don't know how you are interpreting what you heard or where you heard it, but this is insanely inaccurate.
TRM
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Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
That's over a 10 year period and they're playing word games. They cut that spending, but spend it elsewhere.

UntoldSpirit
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Jet White said:

UntoldSpirit said:

Logos Stick said:

UntoldSpirit said:

Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
Both the OMB director and Senator Mullin today reiterated that fact. The problem is that the SS tax promise (and tips and overtime tax promises) cut into that. But those cuts will be improved upon in 2026.


LoL, no they won't.

All the cuts are back loaded. For example, the Medicare cuts for wste, fraud and abuse don't start until 2029, AFTER Trump leaves office. They will never happen.

In order to not violate the Byrd rule, they have to promise to cut a bunch of stuff on the back end. Cuts that will never occur because they will pass another reconciliation bill to nuke the cuts.
You may be right about those particular cuts (I don't know) but according to OMB and Mullin, the 1.6 trillion is happening NOW. That was emphasized.


I don't know how you are interpreting what you heard or where you heard it, but this is insanely inaccurate.
Please press play on this video- this one starts at the point he talks about the 1.6 trillion. OMB director said the same thing today.

UntoldSpirit
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TRM said:

Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
That's over a 10 year period and they're playing word games. They cut that spending, but spend it elsewhere.


Press play on video I just posted. You can judge for yourself, but give it a listen.
Ag_of_08
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A senator a few years claimed Guam would tip over if I remember correctly. Those statements are only SLIGHTLY more stupid than this senators beliefs.
Logos Stick
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He does say immediately. That is impossible.

The yearly deficit is not much more than $1.6 trillion right now. So basically he's saying no deficit, which is a balanced budget.

He is completely misinformed.
Jet White
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Buddy, I'm not trying to be mean but if you think they are making an immediate $1.6 trillion cut to non-discretionary spending, you simply don't have a basic understanding of the size of our federal budget or the types of cuts that can be implemented in a year. I don't need to watch that video for a second to tell you you either don't understand what they are saying or they are straight up lying to you. A $1.6 trillion cut (non-discretionary or discretionary) would equate to a ~24% cut to our entire budget.

They aren't cutting anything meaningful at all. As another poster already pointed out, they have some completely theoretical cuts they have thrown in on the back end because of the Byrd rule, which will never come to fruition. Otherwise they would simply propose they start going into effect now. They've literally been using this gambit for years.

As the link already posted lays out, the BEST CASE scenario is a de minimus cut to current spending trajectory, which is already carrying forward Covid level spending and is wildly unsustainable.
Aglaw97
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valvemonkey91 said:

The republicans won't hold the house after 2026.


The dirty little secret is many R's don't want to be the party in power.
Kansas Kid
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UntoldSpirit said:

Jet White said:

UntoldSpirit said:

Logos Stick said:

UntoldSpirit said:

Jet White said:

Quote:

-The BBB cuts around 1.6 Trillion immediately in non-discretionary spending.


This is a typo right?
Both the OMB director and Senator Mullin today reiterated that fact. The problem is that the SS tax promise (and tips and overtime tax promises) cut into that. But those cuts will be improved upon in 2026.


LoL, no they won't.

All the cuts are back loaded. For example, the Medicare cuts for wste, fraud and abuse don't start until 2029, AFTER Trump leaves office. They will never happen.

In order to not violate the Byrd rule, they have to promise to cut a bunch of stuff on the back end. Cuts that will never occur because they will pass another reconciliation bill to nuke the cuts.
You may be right about those particular cuts (I don't know) but according to OMB and Mullin, the 1.6 trillion is happening NOW. That was emphasized.


I don't know how you are interpreting what you heard or where you heard it, but this is insanely inaccurate.
Please press play on this video- this one starts at the point he talks about the 1.6 trillion. OMB director said the same thing today.



The claim is for 1.6T over 10 years with most of it back end loaded. Let's say you and the claim are right, that is only 160b/year. While it would be appreciated, it is still no where near a balanced budget. We need 1.6T per year to come close to balancing it and the cuts need to be 1.6t starting in 2026.
UntoldSpirit
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Jet White said:

Buddy, I'm not trying to be mean but if you think they are making an immediate $1.6 trillion cut to non-discretionary spending, you simply don't have a basic understanding of the size of our federal budget or the types of cuts that can be implemented in a year. I don't need to watch that video for a second to tell you you either don't understand what they are saying or they are straight up lying to you. A $1.6 trillion cut (non-discretionary or discretionary) would equate to a 24% cut to our entire budget.

They aren't cutting anything meaningful at all. As another poster already pointed out, they have some completely theoretical cuts they have thrown in on the back end because of the Byrd rule, which will never come to fruition. Otherwise they would simply propose them now. They've literally been using this gambit for years.

As the link already posted lays out, the BEST CASE scenario is a de minimus cut to current spending trajectory, which is already carrying forward Covid level spending and is wildly unsustainable.
Yes, I am aware of the size of the deficit.

Here is what he is saying in my opinion. There was 1.6 trillion cut in mandatory spending - the only part of the budget they could deal with. However, there are increases in spending, much of which are tax cuts, which get counted as spending. Basically Trump is going to keep tax rates as they are, and eliminate SS taxes, and other taxes, and yet the budget will still be cut because there was 1.6 trillion cut of mandatory spending. How much the budget is actually cut depends on who you ask (i.e. who is scoring it).

But the larger point is that 3% GDP growth along with holding (and further reducing these spending levels) will allow balancing the budget before Trump leaves office. The BBB focuses on obtaining that 3% GDP and will hopefully improve on that figure.

The OMB director said the same stuff today.

UntoldSpirit
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Either you didn't press play and listen to the video, or you just think Mullin and the OMB director are lying.

They aren't claiming the budget will be cut immediately by 1.6 trillion. They are claiming that mandatory spending is cut by 1.6 trillion immediately. But there are also tax cuts, which in the CBO way of looking at things, are spending increases. So the budget doesn't get cut that much mostly because of the tax cuts.

Growth will allow the budget to be balanced in a few years as long as these spending levels don't increase, which is the plan (as well as further cuts). That's the claim.
Jet White
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Quote:

But the larger point is that 3% GDP growth along with holding (and further reducing these spending levels) will allow balancing the budget before Trump leaves office.


Further reducing? I don't think you grasp how much they would have to reduce spending (they are barely proposing to reduce it extremely marginally as is) to get to a balanced budget in 3 years. I don't know what these people on these podcasts are saying to you, but I would suggest you stop listening to them.

The idea that we are even close to anything even approaching being on track to balancing the budget in 3 years is just fanciful.
Jet White
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Quote:

Either you didn't press play and listen to the video, or you just think Mullin and the OMB director are lying.


If they are saying or implying that we are in any way even close to being on track to getting to a balanced budget in 3 years (even with 3.0% GDP growth), then yes, they are lying to you.

The "further cuts" that you throw in parenthesis would have to be massive compared to what they are proposing now, and what measly amount they are currently "proposing" is very unlikely to happen as they threw it in on the back end, as they always do.
TRM
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Sure if you listen to a lie enough, you'll believe it.
94chem
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Ol_Ag_02 said:

Maybe it's time for Musk to jump back on his spaceship and return to his home planet. He tried his best to help humanity and save our country but we just keep fighting him at every turn.


Thinking like that is going to get Musk killed.
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
UntoldSpirit
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Jet White said:

Quote:

Either you didn't press play and listen to the video, or you just think Mullin and the OMB director are lying.


If they are saying or implying that we are in any way even close to being on track to getting to a balanced budget in 3 years (even with 3.0% GDP growth), then yes, they are lying to you.
The video is not that long. Why don't you listen to it.

Are they "lying"? They are saying it can be done with enough growth and holding the line (and cutting) spending. I don't think that's a lie - it's closer to a mathematical fact.

Will they hold the line on spending? Well, more than 50% of Congress is composed of people that could care less about spending the country into oblivion, so maybe not. But there's at least hope. And cutting 1.6 Trillion out of mandatory spending immediately at least shows a willingness to go in the right direction.

Will there be 3% GDP or higher? I don't know (who does) but I like the odds if this bill passes.
JDCAG (NOT Colin)
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I bet you believed DOGE would find 2T in waste fraud and abuse as well, right?

These guys are all lying. Why? So that folks like you champion them doing nothing to fix anything.
mjschiller
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Our country is already bankrupt.
Marvin J. Schiller
UntoldSpirit
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JDCAG (NOT Colin) said:

I bet you believed DOGE would find 2T in waste fraud and abuse as well, right?

These guys are all lying. Why? So that folks like you champion them doing nothing to fix anything.
I don't think they are all lying - they've got a plan that was painstakingly put together under the rules of shared power. These plans usually get blown up because of insufficient will in congress and this one probably will too, if not now, next year or the next. But at least for now they have a plan. Supporting republicans in 2026 is essential for it to have a chance. The margins are just too thin.

I don't see the value of poo-pooing it at this point. I mean, we can all just give up and start to learn Mandarin I guess.
 
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