Musk on BBB

19,985 Views | 314 Replies | Last: 7 mo ago by Jet White
Logos Stick
How long do you want to ignore this user?
LOL

flown-the-coop
How long do you want to ignore this user?
Already a couple of Rs speaking out against even the $9 billion recission. Congress critter from Nebraska is worried about NPR funding and says his farmers will not be able to get radio and Susan Collins is mad about some pet healthcare project that is scheduled to have its funding cut.

So getting folks to agree on trillions is much more difficult than rocketships, satellite comms, and interplanetary travel. Musk should stick to his lane! /sarcasm/
Hoyt Ag
How long do you want to ignore this user?
Logos Stick said:

LOL


Why should he? Our politicians are a bunch of do nothingr's.
UntoldSpirit
How long do you want to ignore this user?
GeorgiAg said:

The fact that Trump has been silent on this is very telling. Anyone else he would have excoriated on tv, truth social or both by now.

It also speaks volumes to the extraordinary level of politic power we've given to the billionaire class. Citizens United and the campaign finance free for all make the politicians afraid to cross whatever the billionaires want.
Elon the billionaire wants more spending cuts. You are saying Trump is afraid to cross what Elon wants, so Trump will be demanding more cuts?

That would certainly be good in this case.
Old McDonald
How long do you want to ignore this user?
flown-the-coop said:

Already a couple of Rs speaking out against even the $9 billion recission. Congress critter from Nebraska is worried about NPR funding and says his farmers will not be able to get radio and Susan Collins is mad about some pet healthcare project that is scheduled to have its funding cut.

So getting folks to agree on trillions is much more difficult than rocketships, satellite comms, and interplanetary travel. Musk should stick to his lane! /sarcasm/
it's hard to get excited about $9B in rescissions when the BBB will add $2.4T to the deficit
JDCAG (NOT Colin)
How long do you want to ignore this user?
This whole bill is basically asking for a credit increase on a card that is already maxed out so you can buy $15k worth of things, but you promise "after that, I'm totally going to get my spending in check".
cav14
How long do you want to ignore this user?
jamey said:

I stopped believing Rs were fiscal conservatives long ago and thats almost all I care about. Musk brought me back into the fold with his interview of Trump and his participation. I doubt I'll ever buy the R fiscal conservatism narrative again.

R and Ds are Thelma and Louise
Time for you to buy more into libertarianism then especially if you're against the nanny state. Rs have also tried to claim they are against the nanny state but just like fiscal policy they are just as much for the nanny state as Ds are. The recent THC ban by the Texas legislature shows that.
UntoldSpirit
How long do you want to ignore this user?
JDCAG (NOT Colin) said:

This whole bill is basically asking for a credit increase on a card that is already maxed out so you can buy $15k worth of things, but you promise "after that, I'm totally going to get my spending in check".
It's more like chapter 11 bankruptcy in my opinion. It's like borrowing to buy a business or assets that will generate income and hopefully eventually lead to a profit.

The overall spending reductions (some say increases) are disappointing because the cuts being made are being offset by tax cuts and economic stimulus. That will lead to higher GDP and more revenues. We still need to cut more, but the growth package is a must.
GeorgiAg
How long do you want to ignore this user?
There isn't going to be higher GDP with all this tariff fiasco going on. The jobs report just came out and it's the worst in two years.

A tax cut for the rich that balloons the deficit while we enter a recession is not going to help in the midterms.
Tom Fox
How long do you want to ignore this user?
GeorgiAg said:

There isn't going to be higher GDP with all this tariff fiasco going on. The jobs report just came out and it's the worst in two years.

A tax cut for the rich that balloons the deficit while we enter a recession is not going to help in the midterms.


Who else would you cut taxes for? The rich are the primary ones paying. So if anyone deserves a cut, it is them.
UntoldSpirit
How long do you want to ignore this user?
GeorgiAg said:

There isn't going to be higher GDP with all this tariff fiasco going on. The jobs report just came out and it's the worst in two years.

A tax cut for the rich that balloons the deficit while we enter a recession is not going to help in the midterms.
No tax on social security, tips, and overtime, is not a tax cut for the rich. And if we don't make these cuts, that will certainly not help with the midterms.
Tom Fox
How long do you want to ignore this user?
UntoldSpirit said:

GeorgiAg said:

There isn't going to be higher GDP with all this tariff fiasco going on. The jobs report just came out and it's the worst in two years.

A tax cut for the rich that balloons the deficit while we enter a recession is not going to help in the midterms.
No tax on social security, tips, and overtime, is not a tax cut for the rich. And if we don't make these cuts, that will certainly not help with the midterms.


We should not be in business of giving tax cuts to specific groups to buy votes.

Either cut it across the board or don't do it. And there needs to be a single tax bracket that the voters can decide on the appropriate rate.
flown-the-coop
How long do you want to ignore this user?
GeorgiAg said:

There isn't going to be higher GDP with all this tariff fiasco going on. The jobs report just came out and it's the worst in two years.

A tax cut for the rich that balloons the deficit while we enter a recession is not going to help in the midterms.
Atlanta FED just revised 2Q 2025 GDP up to 4.6%.

And agree, for Biden voters the tax cuts will not be helpful if you desire to retake the house and / or senate. You probably want to just hold out for 2028.
UTExan
How long do you want to ignore this user?
GeorgiAg said:

There isn't going to be higher GDP with all this tariff fiasco going on. The jobs report just came out and it's the worst in two years.

A tax cut for the rich that balloons the deficit while we enter a recession is not going to help in the midterms.


The GOP not passing meaningful budget reform and these blowtorch tariff tactics are going to hand the midterms to Democrats if they can field moderately sane candidates.
“If you’re going to have crime it should at least be organized crime”
-Havelock Vetinari
UntoldSpirit
How long do you want to ignore this user?
Tom Fox said:


We should not be in business of giving tax cuts to specific groups to buy votes.

Either cut it across the board or don't do it. And there needs to be a single tax bracket that the voters can decide on the appropriate rate.
Sounds great. But the votes are not there and the progressive socialists would start a civil war over it. Not taxing social security is pretty close to a "cut across the board".
BigRobSA
How long do you want to ignore this user?
UntoldSpirit said:

BigRobSA said:

UntoldSpirit said:

It's 1.6 Trillion immediately. But there are also tax cuts which offsets some of the spending cuts. The tax cuts are required for the growth which is even more important.
No. It's not. At all.

Nip this piece of **** bill in the bud and start over with actual, real, immediate cuts in spending.

All this talk of "Trump has shown the Republicans how to have balls again...." is laughable when you consider just how poosified the R's are to actually do what is right for the country.
OMB director says it IS 1.6 Trillion of cuts immediately, but they are offset by tax cuts and other spending increases (like defense), so the budget deficit doesn't get cut that much.

The only way you are going to get what you want is to nix the Tax cuts and defense spending (such as the spending for the "shield"). Let's see how long republicans stay in office if they do that.

Holding the line on spending is the plan. They have basically done that in this bill even with the tax cuts. Further reductions when more of the budget is available to cut is the plan. DOGE rescissions are the plan. 3 plus percent in GDP growth is the plan. Those things should lead to a balanced budget in fairly short order.

Nothing else is going to work. Without the growth package, the deficits will blow up. Could they stand to get more cuts? Absolutely, but they get no democratic votes, and no Rino votes, so you have to operate under that reality.
LOL


Bless your heart.....


NO......the bill is out there. .....the 1.7T is over 10 years. 10 years is the usual timeframe "they" do this for. It's not new.

This bill and its govt supporters are bad and they should feel bad.
BigRobSA
How long do you want to ignore this user?
Tom Fox said:

UntoldSpirit said:

GeorgiAg said:

There isn't going to be higher GDP with all this tariff fiasco going on. The jobs report just came out and it's the worst in two years.

A tax cut for the rich that balloons the deficit while we enter a recession is not going to help in the midterms.
No tax on social security, tips, and overtime, is not a tax cut for the rich. And if we don't make these cuts, that will certainly not help with the midterms.


We should not be in business of giving tax cuts to specific groups to buy votes.

Either cut it across the board or don't do it. And there needs to be a single tax bracket that the voters can decide on the appropriate rate.
Yep


Gut spending (even military, one of the only constitutional spending items out there), cut taxes for everyone...even corporations, and deregulate massively.

The lack of leadership at the top is going to be our undoing.
Tom Fox
How long do you want to ignore this user?
UntoldSpirit said:

Tom Fox said:


We should not be in business of giving tax cuts to specific groups to buy votes.

Either cut it across the board or don't do it. And there needs to be a single tax bracket that the voters can decide on the appropriate rate.
Sounds great. But the votes are not there and the progressive socialists would start a civil war over it. Not taxing social security is pretty close to a "cut across the board".


How so? Only a small subset of Americans pay social security taxes and they are receiving an entitlement that makes up almost a third of the budget.

We should be eliminating social security entirely.

I will gladly fight the progressive socialists. I would actually welcome it.
BigRobSA
How long do you want to ignore this user?
Tom Fox said:


I will gladly fight the progressive socialists. I would actually welcome it.
Something something KEYBOARD WARRIOR something something
Tom Fox
How long do you want to ignore this user?
Guilty as charged. I do not even know how to work a firearm. Maybe we can battle in multiplayer call of duty.
UntoldSpirit
How long do you want to ignore this user?
BigRobSA said:


This bill and its govt supporters are bad and they should feel bad.
There are many things in the bill that are good. Holding the line on tax rates and more tax cuts for example. Getting rid of the green new deal. Etc.

OK, they should feel bad that there aren't more cuts. It's like saying we should all feel bad that we have a representative democracy. I'm sure many of them do feel bad, but they aren't dictators. This bill is better than no bill.

What I feel bad about the most is that America is so brain washed. About a lot of things.
GE
How long do you want to ignore this user?
Logos Stick said:


Misleading graph scales are the worst.
UntoldSpirit
How long do you want to ignore this user?
Tom Fox said:


How so? Only a small subset of Americans pay social security taxes and they are receiving an entitlement that makes up almost a third of the budget.

We should be eliminating social security entirely.

I'd be OK with eliminating it as long as people who paid into it are paid back.

It's not a small subset. A huge percentage of Americans will eventually pay social security taxes if they are not eliminated.
Tom Fox
How long do you want to ignore this user?
UntoldSpirit said:

Tom Fox said:


How so? Only a small subset of Americans pay social security taxes and they are receiving an entitlement that makes up almost a third of the budget.

We should be eliminating social security entirely.

I'd be OK with eliminating it as long as people who paid into it are paid back.

It's not a small subset. A huge percentage of Americans will eventually pay social security taxes if they are not eliminated.


There is no money to pay back. You were taxed. It was spent.

And you seem to have a disconnect between the here and now and what might happen in the future. It is why you are falling for these future spending cuts that will never come to fruition.

SS may not be around in 10 years. It might be means tested. Either way it is an entitlement and should be eliminated.

And we shouldn't be selling votes through targeted tax cuts. Either cut everyones the same or nobody.
jamey
How long do you want to ignore this user?
cav14 said:

jamey said:

I stopped believing Rs were fiscal conservatives long ago and thats almost all I care about. Musk brought me back into the fold with his interview of Trump and his participation. I doubt I'll ever buy the R fiscal conservatism narrative again.

R and Ds are Thelma and Louise
Time for you to buy more into libertarianism then especially if you're against the nanny state. Rs have also tried to claim they are against the nanny state but just like fiscal policy they are just as much for the nanny state as Ds are. The recent THC ban by the Texas legislature shows that.


I've voted libertarian a few times and then they crap the bed with their unserious nomination this go around

I don't believe the fed should be involved in social issues / nanny state stuff at all in our modern era. What was needed was done long ago
UntoldSpirit
How long do you want to ignore this user?
Tom Fox said:


And we shouldn't be selling votes through targeted tax cuts. Either cut everyones the same or nobody.
I already agreed with you in principal. But we don't live in a world where everyone pays the same tax. We should, but we don't. You can't cut people's taxes that don't pay taxes. And it's rather absurd to say that you can't eliminate social security taxes because some people aren't currently paying them.

Your argument supports changing the tax system. It doesn't make sense to me to use it to argue against all tax cuts, especially when taxes are being eliminated.
Logos Stick
How long do you want to ignore this user?
GE said:

Logos Stick said:


Misleading graph scales are the worst.

There is nothing misleading about that graph scale. Do you want to see it since the beginning of time? Are you familiar with the term "exponential"? Because that's where we are!
Jeeper79
How long do you want to ignore this user?
halfastros81 said:

Holding the line on spending and getting the economy rolling is probably the best outcome we can hope for with the thin margin in Congress . This could lead to a bigger majority in the next cycle and they can work toward more cuts then. The handful of real Fiscal hawks need to keep squawking loudly . They are 100 % right but there simply aren't enough of them to expect deeper cuts to pass .
If getting the economy rolling was priority #1, we wouldn't be starting trade wars. And raising the debt ceiling by $5T is a strong indication that we're not holding the line on spending.
Jet White
How long do you want to ignore this user?
halfastros81 said:

Holding the line on spending and getting the economy rolling is probably the best outcome we can hope for with the thin margin in Congress . This could lead to a bigger majority in the next cycle and they can work toward more cuts then. The handful of real Fiscal hawks need to keep squawking loudly . They are 100 % right but there simply aren't enough of them to expect deeper cuts to pass .


I have no idea what "holding the line" on spending means here. If you mean making sure we don't get worse than status quo, status quo is already clearly unsustainable, even with additional growth taken into account.

Also, if you are waiting for a super majority to start making real cuts, that is extremely, extremely unlikely to happen.
Tom Fox
How long do you want to ignore this user?
UntoldSpirit said:

Tom Fox said:


And we shouldn't be selling votes through targeted tax cuts. Either cut everyones the same or nobody.
I already agreed with you in principal. But we don't live in a world where everyone pays the same tax. We should, but we don't. You can't cut people's taxes that don't pay taxes. And it's rather absurd to say that you can't eliminate social security taxes because some people aren't currently paying them.

Your argument supports changing the tax system. It doesn't make sense to me to use it to argue against all tax cuts, especially when taxes are being eliminated.


I makes perfect sense and you already mentioned the reason.

We have huge portion of the electorate, probably a majority now, that already pay net zero taxes and are immune from their votes regarding government spending'.

This will just add more people to that list. We have more representation without taxation.

That has to end. This bill does the opposite.
UntoldSpirit
How long do you want to ignore this user?
Again, that's a nice principal for a world we will never live in.

Are you against all tax cuts that apply to YOU because they won't apply to people who aren't paying taxes?
infinity ag
How long do you want to ignore this user?
UntoldSpirit said:

GeorgiAg said:

The fact that Trump has been silent on this is very telling. Anyone else he would have excoriated on tv, truth social or both by now.

It also speaks volumes to the extraordinary level of politic power we've given to the billionaire class. Citizens United and the campaign finance free for all make the politicians afraid to cross whatever the billionaires want.
Elon the billionaire wants more spending cuts. You are saying Trump is afraid to cross what Elon wants, so Trump will be demanding more cuts?

That would certainly be good in this case.

Elon the clown wants more spending cuts (good) but wants much more H1B visas (very very bad).

Queso1
How long do you want to ignore this user?
Explain it to me like I was 5.

How can the congress go year after year without passing a budget?
ETFan
How long do you want to ignore this user?
The tariffs explicitly hurt Americans. This bill explicitly hurts Americans. This bill increases the debt by trillions.

Exactly what MAGA wants. What else is there to discuss?
flown-the-coop
How long do you want to ignore this user?
ETFan said:

The tariffs explicitly hurt Americans. This bill explicitly hurts Americans. This bill increases the debt by trillions.

Exactly what MAGA wants. What else is there to discuss?
What should be in a Big Beautiful Bill then? Open borders? Legalize Anti-Semitism? Child Mutilation?

What is on the lib agenda to get done?

Oh wait, you would just pass resolution after resolution claiming orange man bad, islamic jihadist good.

But MAGA hurts Americans with tax cuts and economic growth engines. Makes perfect sense.
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.