Arizona Democrats slam US House for passing ‘Big, Beautiful Bill’ now on way to Trump’s desk

Whatever the number of them that are underpaid of physically able to work we should help them whatever is the best way we can to meet their needs.

Pay for it by increasing the taxes on the wealthy and reducing the ways they have to avoid taxes. Just the money they spend on lawyers and tax preparers to reduce and hide their income would be a lot of money.

Congress passing the Administrations Big Beautiful Bill is American fiscal mismanagement at its worse. It violates basic economics principles, and it puts the future of the American economy at risk. Let me explain.

Normally when America goes into a recession the Federal Reserve lowers interest rates and congress passes tax cuts to stimulate the economy. That's economics 101. During economic boom times, when revenue is coming back into the treasury, it's a time to pay down long term debt and pay yearly fiscal obligations comfortably. However in the last 15 years there were two devastating events that caused the U.S. government to add trillions of dollars to the nations long term debt. The great recession between 2008-2010 (the subprime loan debacle and financial company bailouts) added 5 trillion dollars to the national debt. Then when the economy shut down during the Pandemic, there was another Federal Govt bailout and financial assistence program that cost another 8 trillion dollars in national debt. In other words, these two unfortunate and unexpected events added a whopping 13 trillion to the nations long term debt in 15 years.

Then when the economy was booming again in 2017 (with a chance to pay down debt with increased tax revenue) the President decided to give us a huge tax cut (which defies economic logic). This tax cut decreased tax revenue needed to pay down long term debt and or pay for Federal fiscal obligations comfortably. Now the president has passed another big tax cut that economist say will add another 2-4 trillion to the U.S. debt in time. Another tax cut during a booming economy with unemployment currently down to 4.1%.

This defies all economic logic, especially when thinking about America's future, i.e. fiscal planning for disasters, bailouts, deep recessions, and or a future war with somebody. Sudden disasterous events in this country can easily add another 5-8 trillion dollars to the nations long term debt in a blink.

Who currently funds America's future and pays for our day to day fiscal operations? Mostly foreigners. Foreigners buy U.S. Treasury notes and Treasury bonds (e.g. 5, 10, 30 year treasury bonds auctioned every month). Do you think foreigners will continue to buy U.S. Treasury Bonds in light of our exponentially increasing long term debt. Maybe they can be persuaded to lend America money at higher interest rates, and or during times when rating agencies downgrade the U.S. credit rating. Also, do you think foreigners today will continue buy our long term debt when our current Administration bad mouths them, offends them in many ways, and accuses them of cheating America. You be the judge.

Sad to be a member of the cult too.
We should all try to be more moderate and be willing to compromise for the better good.