In the wee small hours of the morning, the House GOP finally advanced the Big Beautiful Bill out of committee. It is a moral and fiscal atrocity. It explodes the deficit to the point where Moody's has downgraded America's bond rating in the fear that this explosion of debt passes. We will add a tremendous amount of debt for the sole purpose of giving billionaires more money.
None of this will help the American economy, because we've tried this before. We are perpetually stuck in this loop of Republicans running up massive amounts of debt, crashing the economy and then having Democrats clean it up in ways that lead to hardships that lead to people voting for Republicans again.
What's impressive is how dishonest this bill is. It creates all sorts of draconian cuts in Medicaid, but waits until 2029 to enact them. This allows them to give a bunch of money to billionaires while theoretically reducing spending. However, we all pretty much know that those cuts to Medicaid are unlikely to happen. So we get massive debt and the subsequent downgrading of America's credit worthiness and no trade offs.
That Republicans would embrace Donald Trump - a serial liar and plutocrat - is a real mystery.
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