U.S. Budget & OBBB | OCT 1 - Gov’t Shutdown Begins

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Enigma94 said:
Correct me if I'm wrong, but it seems like the $2T figure is only IF they find $2T in savings first. So it requires a gutting of major social services to even get to a $2T per year deficit.
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I don't know if it's $2T in savings, but I do think the $2T deficit figure is post-Medicaid slashing. nycfan would know better than me.
 
Enigma94 said:
Correct me if I'm wrong, but it seems like the $2T figure is only IF they find $2T in savings first. So it requires a gutting of major social services to even get to a $2T per year deficit.
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Not 100% sure, but pretty sure the 2T is after the slash and burn. That's my point I am exactly getting at. WTF moment if there ever was one.
 
nycfan said:


It is an argument the moderates seem to buy … but the GOP moderates always seem to cave on the budget deals … so the strategy probably will be to placate the deficit hawks for now to get their votes.
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I know it's what they're called, but there are no GOP "moderates" anymore, certainly not in the sense that the term would have meant even thirty or forty years ago. There is only a divide between batshit crazy, extreme to the nth degree, all-in-on Trump Republicans and hard-right, warhawk, cut government to the bone, but are somewhat wary of Trump and serve in lighter red or purplish districts and do need to worry about reelection, and still have a little independence left Republicans. And it's not a big difference, really. The real GOP centrist or mildly conservative moderates went the way of the dinosaurs at least thirty or more years ago.
 
p5mmr9 said:
It's hard to believe Congress will pass the type of Medicaid cuts needed to satisfy the budget resolution.
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They will if Dear Leader and Elon demand it, and what's more both they and right-wing media like Fox will just blatantly lie to their base and tell them that Biden's budget deficit or some other crap excuse forced them to do it. And much of their base will likely buy it even while they or someone they know dies because their Medicaid or food stamps or some other vital necessity got the axe.
 
As to the politics of this: and I know everyone thinks there's a 90% chance or more that the Republicans will need Democrats, but the real question is how to play this to put the Democrats in the best position when the time comes.

Therefore, the more Republicans that peel off the better. Who are the weakest Republicans on this? I suspect its the Chip Roy crowd or deficit hawks. So if were the Democrats, I would be crowing ever day that after their cutting,the Republicans are still coming up with a massive 2 Trillion a year deficit. And I'm not sure, but that may actually be worse then where we are at now?

Perhaps, the Republicans need to answer why they have a problem?
 
The deficit at end of FY 2024 was 1.8 Trillion.

I see they just put up that there would be 110 billion in new border money. That comes on top of the 20 billion voted for with the Israel/Ukraine deal. Whew, that border my bankrupt us yet.
 
BlueSmoke said:
Let me get this straight. By this vote, they are planning a 2 trillion a year deficit for ten years. That's the number........that they, the Republican Parting is planning on and voted for.

I don't think we need to let them forget that this is the number they voted for and if it comes in any less then that by some miracle, then I guess the Democrats are to blame.
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I think it is $2T on top of the current deficit spending. If I am reading incorrectly, I am happy to be corrected.
 
Tarheeljoe said:
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That these same people so proudly call themselves Christians is appalling, even if expected. Like their leader, they claim to worship Christ but apparently have never heard of the Sermon on the Mount or anything else that Christians supposedly believe in. Instead of compassion there is cruelty, instead of mercy there is malice, and instead of humanity there is hatred.
 
I believe Trump claimed that if 10 million foreigners take advantage of his gold card offer that it would payoff the national debt. Humm. Better watch the accounting that's coming.

I suspect he is going to go ahead and book the gold card income in budget negotiations, so he can get the deficit budget he wants. There is just no end to his creativity when it comes to corruption and unethical ways. I'll give him that.
 

Trump and GOP leaders discuss using tariffs to “pay”* for agenda​



“GOP leaders and President Donald Trump are strategizing over how to incorporate revenue from new tariffs in their massive party-line domestic policy bill, with the goal of arguing the multitrillion-dollar legislation doesn’t add to the national debt.

Speaker Mike Johnson, Senate Majority Leader John Thune and other senior Republicans discussed the topic during their White House meeting Wednesday, according to two people familiar with the meeting.

Republicans are still planning to keep the tariffs outside the final reconciliation package. But the group discussed how to score and eventually count the revenue as part of their plans for a deficit-neutral bill.

Hours after the White House meeting, Trump announced that tariffs against Canada, Mexico and China would go into effect next month.

GOP leaders don’t have the votes to actually incorporate the tariffs into the massive Trump agenda bill. The politically sensitive topic would spark a messy internal GOP war between the free-trade and America First factions of the party that could derail the entire package, which is already rife with other sticky issues. …”

——

* I added the quotes in the headline since they are not discussing paying for them but more accounting hocus pocus.
 
BlueSmoke said:
I believe Trump claimed that if 10 million foreigners take advantage of his gold card offer that it would payoff the national debt. Humm. Better watch the accounting that's coming.

I suspect he is going to go ahead and book the gold card income in budget negotiations, so he can get the deficit budget he wants. There is just no end to his creativity when it comes to corruption and unethical ways. I'll give him that.
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So I just read that this program will replace the EB5 program which requires individuals to invest $1MM (not pay the gov) and employ at least 10 Americans. That program, with its much lower threshold, approves about 10,000 applicants per year.

Also saw a blurb that there's only about a million individuals worldwide that have more than $5MM in liquid assets...and obviously, not all of them are going to enter this program.
 
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