Thursday, May 22, 2025

Ron Paul Liberty Report: Prosperity Or Poverty House Hands Donald Trump His 'Big Beautiful Bill'

"The House narrowly approved President Trump's "big beautiful bill" earlier today, with two Republicans dissenting. Will this bill usher in a new era of prosperity...or will it drown the country in unmanageable debt?" 

Source:Ron Paul Liberty Report with a look at The MAGA Don.

From the Ron Paul Liberty Report

From Derik Schneider earlier on The New Democrat: 

"I know I'm not making any news by saying this, but it's important and it leads to my overall point about this bill: at the end of the day, if House Republicans just had a 1 seat majority and every singe House Democrat voted no on this legislation, but every Republican voted yes, the bill would still pass. And the bill is an accomplishment for the House Republican Leadership (led by Speaker Mike Johnson and Majority Leader Steve Scalise) in this sense because they can say that they showed that they can govern and get their agenda passed. 

But in the broader world, the BBB is a pretty minor accomplishment because of the fallout that now awaits House Republicans going into 2026, with the increases of the national debt, deficit, and interest rates, that will affect at least 90% of the country in a negative way. And that's just the start of the fallout...


So when I look at the bill, (that Donald Trump calls the Big Beautiful Bill) it takes me back to the early and mid-2000s, when you had a Republican President (in George W. Bush) and a Republican Congress. 

President Bush governed on "deficits don't matter"... his own Vice President Dick Cheney literally stated that in 2003. And he simply didn't want to cut government spending because he ran as a New Republican who cared about people, but also believed in "free markets". So as long as a Republican administration was saying "deficits don't matter", you weren't going to have a Republican Congress challenge their own President and risk their own reelection chances. 

So what the Republican Congress's of 2003-04, and 2005-06, did was to say: "We don't believe in budget cuts or tax hikes. So we're going to fund our own new budget priorities, without paying for them. And cut taxes for everyone, without paying for them. And everyone in the country will thank us for that. Well, enough people to keep us in power". 

Now Donald J. Trump and George W. Bush, are obviously different men and politicians. Which is as newsworthy as saying people in Wisconsin can expect cold weather in January. But 1 thing they have in common is "deficits don't matter". Just pass your own conservative budget priorities, but don't pay for them. And cut taxes for everyone and let future government's (administration's and Congress's) figure out how to pay for the credit card bills that G,W. Bush and DJT left for them. They're like an over-spoiled teenage daughter or trophy wife, who is given an allowance and their own credit card, by their daddy or sugar daddy, that is paid for by their daddy or sugar daddy.

It's hard to imagine how government can be any more fiscally irresponsible, than G.W. Bush and DJT, when it comes to government. But they were both elected President twice. And hopefully you don't need me to remind you that elections have consequences. In this case, really bad fiscal and economic consequences, that future administration's and Congress's are going to have to pay for, that the people are going to have to pay for now.  

You can follow me on Threads and Twitter.

You can also see this post on WordPress.

No comments:

Post a Comment

All relevant comments about the posts you are commenting on are welcome but spam and personal comments are not.

John F. Kennedy Liberal Democrat

John F. Kennedy Liberal Democrat
Source: U.S. Senator John F. Kennedy in 1960