THE BEAUTIFUL BUDGET

There are maybe 3 things that aren't awful and everything else is awful.

It flies in the face of what Trump campaigned for and does nothing to alleviate the "crisis" that Musk and Trump campaigned on that Republican voters pretended was important to them at that time.

Its everything I would expect from the administration and everything I would expect from the Republican base

With all due respect , did you really expect something different?

I certainly didn't expect a 4T increase to the debt ceiling. Republicans normally at least pretend to be deficit hawks.

I expected an increase in military spending, but not a 12% increase.

Tax cuts were larger than I expected.

I'll make a few predictions on the "final product." (Note well my predications are almost invariably wrong):

Democrat filibuster will result in a slighter lower military increase and somewhat smaller cuts to social programs.

Some of the tax cuts might be modified and/or deferred.

Democrats fine with a higher debt ceiling, so any pushback on that would come from Republicans like Rand Paul.

Well you should follow economic news a bit more closely .
That budget isn’t surprising at all to me and I’m not even American ….

Ps: one of the great conspiracy in the U.S. is believing republicans do less Deficit then democrats .

The debt ceiling has to be increased every year anyway even if no budget is passed because the current structure of revenue and expenditure causes a very significant deficit.

So the bill tries to incorporate it in reconciliation to avoid a future battle where you have to beg democrats to vote for it and they can blackmail you and ask for something in return and so on, that's reasonable and smart.

The horrible part is the "let's increase the deficit even more" one. It's not much a matter of how they are deciding to spend the extra deficit (for me tax cuts are always nice for example), it's that it does increase the already insane deficit.

But there is no alternative for anyone in power and democrats wouldn't avoid the same fate if they had the chance to decide their budget instead of republicans. Reducing the deficit costs politically, and no one wants to do "the right thing" and lose elections because of it.

Republicans are in bad faith when they blame democrats doing that when it's their turn, and democrats are in bad faith right now blaming republicans for not cutting the deficit , same thing.

Democrats did spend even more than warranted with the insane second covid relief act which caused the absurd inflation, and that was a generational mistake with horrendous long term consequences, but it's not like trump during his first term fixed the deficit, nor we expected him to do anything about it this time.

Geezer you don't get this passes with reconciliation so no filibustering in the senate, 50 votes (+ Vance) would be enough, republicans could pass it even with 3 defectors within their ranks in the senate.

Problem is internally they cannot agree and that's expected. Some republican face re-election inv ery purple areas, and they don't want to touch medicaid and they want higher SALT deductions (republicans from california and NYS in particular).

The house margin is ultrathin, 218-215, and there are at least 6 such republicans who know for a fact they won't sit there anymore if medicaid is cut and/or if SALT deductions aren't increased (they campaigned on that specifically in their districts).

Otoh you have republicans in ultrasafe areas who can always lose a primary to local extremists if they appear too soft on stuff.

I don't know which equilibrium will be found but what i know is that pundits claiming the current text will become the law are completly wrong imho.

Turns out republicans are really good at telling everyone how bad the democrats govern, but really bad at governing themselves. But we knew that.

lagtight,

I suspect that the view you express above is an impression that you formed decades ago as a young adult. You may want it to be true now, but I don't think it is in any meaningful sense. I would strike this off your internal list of reasons for why you are voting Republican.

I don't think he's wrong. Republicans politicians frequently make fiscal responsibility a part of their campaign rhetoric.

I do believe the last president to balance a budget was Bill Clinton a democrat . The last 3 terms have been the worst though it was funny to see a democrat on MTP state the democrat's did more on Biden to reduce the deficit and cited the inflation reduction bill .

The problem is you get to a point were you no longer can have a balanced budget as your interest payments consume to much of your budget . Also this is only the first year of Trump he has 3 more years to increase it more

And as we all know, Replublican politicians in particular are renowned for their unimpeachable integrity, and campaign rhetoric in general is legendary for being reliably true.

Less and less. In any case, I didn't understand lagtight to be saying that he favored Republicans because they pretend to be deficit hawks. Although he used the word "pretend," I assumed that he maintained some hope that they in fact would be more concerned about deficit spending.

so your entire view is based on hearsay, false equivalencies and incomplete truths?

in essence, your need to create this post is an effort to find solace with like minded incompletists that are concerned with coveting crumbs of half truths is sophomoric and juvenile.

we're all very impressed with your lack of knowledge.

Ask not what the budget can do for you—ask what it can do for USD hegemony and dollar-denominated debt.
—Signed, The Fed

lol every Republican in my lifetime has spent money like a drunken sailor, the Dems were the last to run a surplus, the GOP blundered our way into a costly 20-year multi-country war that a Democratic president ended (which the GOP complained about bitterly). If any of this was actually a sincere concern for you you'd be a lifelong Democrat.

I was motivated to create this thread based on a dialogue I had with Coordi in the Joe Biden thread.

The Beautiful Budget Bill seemed to be an important topic, so I created the thread.

I did enjoy your foray into Psychological Reductionism above in which you (falsely) speculate on why I created this thread.

As an aside, I hope you get your 'shift' key fixed soon so you can type capital letters like the rest of us.

Democrats eat babies tho bro.

The GOP are utter hypocrites on this, and a lot of other things. Like I said, they pretend to care about the debt. In other words, I realize that they don't care about it.

I guess I didn't make myself clear.

I was expressing my surprise that the GOP was supporting a bill with a large deficit-ceiling increase, which is inconsistent with their rhetoric on the subject.

I've known for years that neither party cares a whit about the debt.

Bill Clinton was a good fiscal conservative in his last six years in office and he had a GOP House and Senate he masterfully worked with to have one year of a budget surplus. So, good for him and them!

We shan't forget that Clinton and Dems were so awful in their first two years, that the GOP took control of the House for the first time in forty years!

They were all helped by the end of the Cold War.

The Military-Industrial Complex wasn't happy, so the War on Terror had to be invented to replace the Cold War.

Billy Graham I believe was a lifelong Democrat, so I'd be in good company!

What are you babbling about?

Sorry, I forgot - they murder the babies, they eat the dogs and cats. Muh bad.

File under: things the average republican voter believes.

You probably forgot that the surplus happened under Clinton, but when cognress went from democratic in both chambers , to republican in both chambers.

It was Gingrich that spearheaded a "no compromise" mandate to fix the deficit at all costs, with Clinton only agreeing after 2 very dramatic government shutdowns forced by republicans over the issue.

Clinton couldn't do it with congress democrats.

He had a trifecta in 93-94, and deficit was 2.3% in 1995.

THAT is what cemented the idea that republicans care more about deficits. Because it was actually true for a little while.

The tea party tried that again and was pivotal to not allowing congress to make things worse for the deficit under Obama.

But trumpism devoured it and since 2016 republicans care about deficits as little as democrats do yes.

Democrats never did though, with the exception of "not-actually-democrats" like Manchin.

This absurdity of "democrats fixed the deficit" when it only happened becase republicans controlled both the senate and the house and blackmailed the democrat president to achieve that is utterly insane.

So yeah, Dems are objectively better on spending and not starting wars, but you're going to both-sides and vote Republican like every bog-standard GOP voter does because you don't actually care about any of that ****.