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Democrat-controlled budget office wrongly analyzed Trump's big bill, missed record savings

Posted on 6/7/25 at 4:42 pm
Posted by cajunangelle
Member since Oct 2012
162207 posts
Posted on 6/7/25 at 4:42 pm
Stephen Miller Band tried to say this a while ago. This enraged Elon Musk as well as many others.

But then again who would believe a word out of Speaker Johnson's mouth? Only Temu Obama is less trustworthy.
Posted by TBoy
Kalamazoo
Member since Dec 2007
27424 posts
Posted on 6/7/25 at 4:44 pm to
This ridiculous Republican circus has lost its collective minds.
Posted by cajunangelle
Member since Oct 2012
162207 posts
Posted on 6/7/25 at 4:46 pm to
Nothing is perfect in DC. But Trump has a mandate and a lot of what he promised is in the BBB. Will the so called moderates like Thune and others throw pork in-probably...

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Posted by High C
viewing the fall....
Member since Nov 2012
59349 posts
Posted on 6/7/25 at 4:47 pm to
quote:

This ridiculous Republican circus has lost its collective minds.


Only a few decades behind Democrats.
Posted by cajunangelle
Member since Oct 2012
162207 posts
Posted on 6/7/25 at 4:52 pm to
Temu Obama that has eyes like he just flew out of hell after smoking crack in sodomy; and you supporting any democrat is losing your collective mind...

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Posted by PaperTiger
Ruston, LA
Member since Feb 2015
26311 posts
Posted on 6/7/25 at 4:53 pm to
I mean whos right? The CBO or the OMB?

CBO says its adds $2.6 trillion to the deficit and the OMB says that the CBO is miscalculating big time. The difference between the 2 forecast is almost $9 trillion

quote:

The One Big Beautiful Bill Act (OBBB) significantly improves our nation’s fiscal trajectory by including $1.7 trillion in mandatory savings—the most in United States history—and unleashing economic growth with the implementation of President Trump’s tax policies. Upon enactment of the OBBB, the Trump Administration will have embarked on actions that reduce deficits by at least $6.6 trillion over 10 years.
Posted by loogaroo
Welsh
Member since Dec 2005
39442 posts
Posted on 6/7/25 at 4:55 pm to
quote:

This ridiculous Republican circus has lost its collective minds.


Bruh…

Posted by greygoose
Member since Aug 2013
14127 posts
Posted on 6/7/25 at 4:58 pm to
I trust JD's opinion more than I do Elon's. Just saying...
Posted by IndianPower
Louisiana
Member since May 2021
1381 posts
Posted on 6/7/25 at 4:59 pm to
I will personally punch his arse in the face and go to jail for being that frickin stupid.
Posted by TBoy
Kalamazoo
Member since Dec 2007
27424 posts
Posted on 6/7/25 at 5:00 pm to
quote:

CBO says its adds $2.6 trillion to the deficit and the OMB says that the CBO is miscalculating big time. The difference between the 2 forecast is almost $9 trillion

Exactly. And quite frankly, how could it be possible for the bill not to add to the debt when it proposes to cut revenue (taxes) as much as estimated and reduce spending considerably less than the tax cut. This statement today is the first statement by anyone that the bill doesn’t add to the debt and they try to blame this on democrats? It’s laughable.

There are some on the right having a real conversation about how to make the bill better but blaming democrats for “wrong analysis” isn’t serious.
Posted by dgnx6
Member since Feb 2006
85598 posts
Posted on 6/7/25 at 5:01 pm to
quote:

This ridiculous Republican circus has lost its collective minds.


If you want to pay more in taxes you are welcome to donate.
Posted by dgnx6
Member since Feb 2006
85598 posts
Posted on 6/7/25 at 5:03 pm to
quote:

There are some on the right having a real conversation about how to make the bill better but blaming democrats for “wrong analysis” isn’t serious.


lol it took you guys 4 years to come to the analysis of Joe Biden.

What about the ACA analysis?


What about inflation being transitory?



Yeah, you guys fricking suck man. Trump is trying to actually help the country. And you.
Posted by TBoy
Kalamazoo
Member since Dec 2007
27424 posts
Posted on 6/7/25 at 5:07 pm to
quote:

If you want to pay more in taxes you are welcome to donate.

And that’s a real issue. I’ve said several times that we can’t address the debt only by cutting. We have to cut spending but there has to be some help on the revenue side of the balance sheet. Trump seems to agree with this. He speaks of tariffs, which are taxes, as a way to increase revenue to address the debt.

The way I see it, the issue is which taxes to increase. You and I pay tariffs so going with Trump’s plan is an election that you and I will pay more in taxes.
Posted by PaperTiger
Ruston, LA
Member since Feb 2015
26311 posts
Posted on 6/7/25 at 5:12 pm to
Maybe both needs to show their work
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112266 posts
Posted on 6/7/25 at 5:13 pm to
quote:

I mean whos right? The CBO or the OMB?



CBO is wrong like clockwork
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
34537 posts
Posted on 6/7/25 at 5:15 pm to
The white house is about as unbiased and trusted as the CBO on this topic.
Posted by PaperTiger
Ruston, LA
Member since Feb 2015
26311 posts
Posted on 6/7/25 at 5:16 pm to
They've never been that far off

I mean that difference between the two is absurdly off. Not just a little bit.
Posted by TBoy
Kalamazoo
Member since Dec 2007
27424 posts
Posted on 6/7/25 at 5:20 pm to
quote:

I mean that difference between the two is absurdly off. Not just a little bit.

We have to apply a little common sense to try to figure this out. And while the economics of the bill may come out a little better in the end, there doesn’t appear to be any realistic way that it will reduce the deficit by five or more trillion dollars. That smacks of magical thinking
Posted by Auburn1968
NYC
Member since Mar 2019
25020 posts
Posted on 6/7/25 at 5:26 pm to
quote:


I mean whos right? The CBO or the OMB?

CBO says its adds $2.6 trillion to the deficit and the OMB says that the CBO is miscalculating big time. The difference between the 2 forecast is almost $9 trillion


The CBO has a long track record of being wrong with a big twist of bias.
Posted by PaperTiger
Ruston, LA
Member since Feb 2015
26311 posts
Posted on 6/7/25 at 5:33 pm to
Here is what the OMB released:

quote:

HOAX: The One Big Beautiful Bill increases spending.

FACT: The One Big Beautiful Bill delivers nearly $1.7 trillion in mandatory savings — a fact that even the Congressional Budget Office (CBO) admits is true.

FACT: This is the highest level of mandatory savings in history — dwarfing spending reductions from similar reconciliation bills in 2005 ($140 billion), 1997 ($800 billion), 1993 ($370 billion), and 1990 ($440 billion) on an inflation-adjusted basis.

FACT: The One Big Beautiful Bill’s $1.7 trillion savings are permanent changes to the law — meaning these savings will continue long into the future.

FACT: This is a reconciliation bill — not an appropriations (budget) bill. This means there is no mechanism for including spending reductions on 99% of government operations, which will come in future legislation.

HOAX: The One Big Beautiful Bill adds to the deficit.

FACT: So-called “forecasts” (including by the CBO) predicting higher deficits are based on a false assumption that President Trump’s 2017 tax cuts will expire. In reality, extending the CURRENT tax rates — which this legislation does — has zero impact on the deficit.

If you cite the CBO’s faulty score, you must also cite CBO’s forecast that President Trump’s tariffs will cut the deficit by $2.8 trillion over the next decade. In other words, even the partisan CBO admits the deficit will be slashed by at least $500 billion over the next ten years.

FACT: Of course, the $1.7 trillion savings is partly offset by one-time spending on border security and additional tax cuts (NO TAX ON TIPS, NO TAX ON OVERTIME) — which brings the net deficit reduction to exactly $1.407 trillion.

FACT: Upon enactment the bill — and through increased tariffs revenues, discretionary spending cuts, and reversing Biden-era regulations — the Trump Administration will have taken actions that reduce deficits by at least $6.6 trillion over the next decade.
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