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re: Rand Paul: I can't support a bill with the largest debt increase in US history

Posted on 6/4/25 at 11:53 am to
Posted by Taxing Authority
Houston
Member since Feb 2010
61046 posts
Posted on 6/4/25 at 11:53 am to
quote:

Increasing the debt ceiling isn’t increasing the debt. Just because the ceiling is 4 trillion doesn’t mean that is what the actual debt would be.
Posted by BugAC
St. George
Member since Oct 2007
55598 posts
Posted on 6/4/25 at 11:56 am to
quote:

Just because the ceiling is 4 trillion doesn’t mean that is what the actual debt would be.


If that were true, then there would be no need for an increase. Are you really that gullible?
Posted by moneyg
Member since Jun 2006
59631 posts
Posted on 6/4/25 at 11:57 am to
quote:

No


Yes.

You have to be smart enough to think about more than one variable to understand, but that’s the case.

And I say that as someone who would immediately support a balanced budget amendment.

Rand should offer legislation to freeze the debt limit and see if he can get it passed. That would be a much more productive way of accomplishing his goals as compared to standing in the way of Republicans from passing their agenda.
Posted by Taxing Authority
Houston
Member since Feb 2010
61046 posts
Posted on 6/4/25 at 12:00 pm to
quote:

the CBO forecasted, while reducing spending by $1.25 trillion.
quote:

So it actually cuts spending.
$1.25 billion/yr is about 7% of our current deficit. It repersents a whopping 1.8% cut on current spending (which will decline as spending goes up under this over time).

Further, note that almost all of these "cuts" don't go into effect until after 2028, so they are almost surely never going to actually happen.
Posted by Taxing Authority
Houston
Member since Feb 2010
61046 posts
Posted on 6/4/25 at 12:02 pm to
quote:

This decreases spending and that's factual. Trump can not come in and get rid of a complete CONGRESS APPROVED Fiscal budget.
TIL no one in government can cut the budget. WHo knew?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
283257 posts
Posted on 6/4/25 at 12:03 pm to
quote:



You have to be smart enough to think about more than one variable to understand


Youre literally trying to shoehorn in this dumb theory.

The bill is a dud. Everyone knows its a dud (even you) but tCult is afraid to go against Donny.
Posted by Taxing Authority
Houston
Member since Feb 2010
61046 posts
Posted on 6/4/25 at 12:04 pm to
quote:

It's not a tax cut, if you are increasing spending.
Yep. Just like COVID spending. Accrual of debt is just tiime-shifting what we will pay. As long as we are racking up debt, we will pay for it sooner or later. BBB does nothing but kick the can further down the road. Just like every CR that came before it.
Posted by roadGator
Member since Feb 2009
150761 posts
Posted on 6/4/25 at 12:04 pm to
frick it then. Champagne and caviar for errybody
Posted by moneyg
Member since Jun 2006
59631 posts
Posted on 6/4/25 at 12:07 pm to
quote:

The bill is a dud




The depth of this analysis is impressive.

You didn’t realize that most of the CBO scoring is based on using the rollback of Trumps tax cuts as the baseline.

We both know you don’t really understand it…so now you are falling back to trying to criticize this in very general terms…like “dud”.
Posted by Taxing Authority
Houston
Member since Feb 2010
61046 posts
Posted on 6/4/25 at 12:07 pm to
quote:

frick it then. Champagne and caviar for errybody
They said Trump was going to fix everything. Now, he's suddenly powerless to do anything.
Posted by David_DJS
Member since Aug 2005
20919 posts
Posted on 6/4/25 at 12:08 pm to
quote:

Once more. This is Biden's budget and cuts to his spending was made and more coming. Trump can not just replace his budget.

Nobody gives a shite about this argument, jj. This budget is on Trump.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
131608 posts
Posted on 6/4/25 at 12:09 pm to
quote:

Until you get divorced and she takes the mammoth
Nah. She'd be taking the mammoth before the divorce
Posted by Taxing Authority
Houston
Member since Feb 2010
61046 posts
Posted on 6/4/25 at 12:10 pm to
quote:

This budget is on Trump.
If it's so good, why not take credit for it?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
283257 posts
Posted on 6/4/25 at 12:10 pm to
quote:


The depth of this analysis is impressive.



Yes, youve done a wonderful job of telling us the details of this bill you havent read.

Its going to increase the debt, by a lot.
Posted by slackster
Houston
Member since Mar 2009
90040 posts
Posted on 6/4/25 at 12:16 pm to
quote:

1- Cutting Medicaid
2- Keeping taxes at it's current level
3- Cutting spending of the Biden Budget.


4 - increasing the debt limit $4T
5 - increasing the debt $2.4T over the next 10 years

And your #2 isn’t true. This bill cuts taxes further. I’m fine with that, but to not offset it with more cuts to spending is criminal.
Posted by MemphisGuy
Germantown, TN
Member since Nov 2023
11056 posts
Posted on 6/4/25 at 12:16 pm to
quote:

Biden budget.

So... the BBB is actually the Biden Budget?

The recissions would be cuts FROM the Biden Budget, correct? And they are to come later. So what is the BBB? It's a spending bill. A budget, if you will. The, according to you, Biden budget. I guess Biden really has tied their hands, forcing them to vote on his budget while he's not even the President anymore. Pretty slick move.
Posted by The Squonk
Member since Nov 2023
210 posts
Posted on 6/4/25 at 12:17 pm to
quote:

A million seconds ago was May 23rd A billion seconds ago was 1993 A trillion seconds ago was 30,000 B.C.


36 trillion seconds was the dawn of human life as far as we understand it.
Posted by BCreed1
Alabama
Member since Jan 2024
5490 posts
Posted on 6/4/25 at 12:18 pm to
quote:

How does that happen, when the CBO estimates BBB will increase deficit by $2.4 trillion and the BBB increases the debt ceiling by $4 trillion?


It happens because the spending was already in place. This is not the Trump budget. We are operating under the Biden budget passed last fall.

It reduces that spending by 1.25 trillion per the CBO.
Posted by moneyg
Member since Jun 2006
59631 posts
Posted on 6/4/25 at 12:21 pm to
quote:

Yes, youve done a wonderful job of telling us the details of this bill you havent read.

Its going to increase the debt, by a lot.


Is it a reduction in the planned spending of the Biden bidget, or an increase?

Is it a reduction in the tax revenue as scored, or just a continuation of the cuts made in Trumps first term that are currently in place?

Is it growth neutral relative to the Biden policy we lived through or is it pro-growth?

After you answer these questions (we both know you won’t or more likely can’t), Explain how the CBO characterizes each of these with respect to the scoring of the bill.

And I say that knowing that there is legitimate criticism in the fact that there is legitimate criticism that fiscal conservatives could offer to this bill.
Posted by David_DJS
Member since Aug 2005
20919 posts
Posted on 6/4/25 at 12:22 pm to
quote:

It happens because the spending was already in place.

Isn't spending in place for several years?
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