Trump’s ‘Big, Beautiful Bill’ Would
Add $2.4 Trillion to National Debt, Analysis Finds
National Review,
by
James Lynch
Original Article
Posted By: Dreadnought,
6/4/2025 2:25:39 PM
The Republican megabill to codify President Donald Trump’s domestic policy agenda would add $2.4 trillion to the national debt over the next decade, according to an analysis from the non-partisan Congressional Budget Office.
The CBO estimates the “Big, Beautiful Bill” would lower tax revenues by $3.7 trillion and cut spending $1.3 trillion, creating $2.4 trillion in new debt. The non-partisan analysis factors in last minute changes to the House Republican version of the bill, including stricter Medicaid work requirements and a higher State and Local Tax Deduction (SALT), a top demand for New York lawmakers.
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Reply 1 - Posted by:
Geoman 6/4/2025 2:35:23 PM (No. 1959812)
Federal tax dollars should in no way subsidize high tax Blue states, as demanded by NY lawmakers. There is nothing conservative about adding $400B in new debt, much less the extra $2T in debt.
12 people like this.
FTA:
The CBO estimates the “Big, Beautiful Bill” would lower tax revenues by $3.7 trillion and cut spending $1.3 trillion, creating $2.4 trillion in new debt.
Weren't they just bashing the BBB when the House was taking it up by saying it would add $4.5 trillion over the 10 years?
Looks like the BBB would be making significant headway towards balancing the budget, particularly considering most CBO forecasts aren't correct. They were off $500 billion on Trump's first term.
The Senate needs to get on board quickly get it passed, then work on the rescission bill to enact the DOGE reductions (stop call things cuts) and then work on the next budget.
If Republican Senators think they're going to get all of the reductions now they're crazy, work on it a bit at a time like you're expecting to be in charge still. Especially since most Democrats are against it.
Then maybe you can return to General Order budgeting to really stop the uncontrollable spending - have not had an actual budget since 2007 - they've all been CR's which takes 2007 budget adds cost of living and they move along without ever addressing if the funding is still needed (i believe Obama's shovel ready jobs funding from Jan 2011 is still in today's spending due to continuous use of the CR's).
9 people like this.
Reply 3 - Posted by:
billa57 6/4/2025 2:43:17 PM (No. 1959820)
C'mon National Review! You called the CBO 'non-partisan' twice in the first paragraph. You know that's not true.
24 people like this.
Reply 4 - Posted by:
WhamDBambam 6/4/2025 3:02:49 PM (No. 1959824)
"according to an analysis from the non-partisan Congressional Budget Office."
Stopped reading at that point.
12 people like this.
Reply 5 - Posted by:
stablemoney 6/4/2025 3:03:24 PM (No. 1959825)
Scott Bessent made an excellent point: To stop the deficit with a hard brake would throw the economy into a recession, so they are trying to gradually take the foot off the gas, and increase the growth rate. The naysayers on the deficit were silent when Biden was full throttle. Musk also made an excellent point: Interest payments are 25% of revenue. The figures uses by the left are 6.5% of GDP, which is not as great an eye opener. We have also heard the word "unsustainable" out the infinities, like Jerome Powell, who then says it is all up to Congress, and not his job. Really? Jerome did think it was his job to buy $9 Trillion of government debt to finance those deficits. DC is full of hypocrites.
10 people like this.
Reply 6 - Posted by:
tootall 6/4/2025 3:12:47 PM (No. 1959830)
If you give that 3.7 trillion dollars back to the people they will spend it and it will create a tremendous amount of other Revenues. It's called the velocity of money. You could look it up,
Furthermore, the CBO is historically very wrong on growth estimates. NR is a deep state propaganda tool.
14 people like this.
Reply 7 - Posted by:
caljeepgirl 6/4/2025 3:20:34 PM (No. 1959832)
I truly wish Congress would just completely do away with the SALT deductions! Problem solved....
4 people like this.
Reply 8 - Posted by:
justjoe1237 6/4/2025 3:26:49 PM (No. 1959835)
Stop, making excuses for what Musk calls "an abomination." Rightly so. Trump is the last hope to save us from a crashing downfall at the hands of the likes of Jasmine Crockett and AOC.
Trump praises Bondi, Patel, Homan and Bongino even though they have done absolutely nothing. They are a total waste.
The excited, enthusiastic support of Trump is waning. I think you can feel it and know what I'm talking about.
But you won't admit it.
We need course corrections right away-- real loyalty demands it-- and they won't happen unless we let Trump know that they are much needed.
10 people like this.
Reply 9 - Posted by:
jasonB 6/4/2025 3:58:21 PM (No. 1959844)
Everyone trying to justify this spending is just the junkie friend showing up to your door and pleading that "Just one more fix is going to get him to the rehab center!" Every one that wants the BBB and once again claims that the back end is really going to make all of the spending pay off, is lying to your face. Now they are starting to admit that they didn't even read the dumb @$$ed thing.
It doesn't matter if the spending is on planes, borders, social programs, Ugandan dance classes or whatever. We are going broke. Quickly. We are so in debt that the numbers are incomprehensible. Pretend that dollars are seconds. 1 billion seconds is 31.7 years. 1 trillion is 31.7 THOUSAND YEARS.
Nobody want's their one issue cut. Guess what, if we don't cut everyone's pet project, EVERYONE'S is going to end.
I know most of you here adore Trump. Great. But this is a simple numbers game. Who's math do you trust more, a guy that sends rockets in to outer space or the guy that managed to bankrupt multiple casinos?
6 people like this.
Reply 10 - Posted by:
Ditto1958 6/4/2025 4:09:15 PM (No. 1959846)
William F. Buckley is rolling in his grave. National Review has become a bunch of dullard RINO’s.
5 people like this.
Reply 11 - Posted by:
danu 6/4/2025 4:19:57 PM (No. 1959848)
agree w/ -8- and pdt's treatment of elon [and killing of doge] does not speak well of our most cherished belief:
pdt is 'not a politician'.
elon's money got him into the wh; his spectacular, unique successes w/ doge were able to unify sore divisions and create hope for americans to trust the president....a feat nobody else managed.
soon, the wolf packs of politicos were all over him, and his teen geniuses.
being a responsable adult meant more than a few hours of sleep on the floor of his little office.
it also meant protecting those kids from vile attacks and death threats, simply because he wanted to audit the disgraceful book keeping at the pentagon.
the doge team are not lazy or stupid or failures-but they were treated that way by jealous rivals --all for face time,
and higher approval ratings...as though they actually DO something for WTP-
besides gift wrap a lost election in korea for the ccp...as though they are not rogue' agents provocateurs' gift wrapping ukr for themselves. ...as though prc is ruled by santa claus not killer psychonauts.
as tho our worst agencies aren't frozen solid with fear and ineptitude.
there's mountains of money still missing, idiotic bush-era agencies still standing-did i say tsa? think i did.
the president step up to apologise for the low -brow treatment ,mend the budget, and mend fences
2 people like this.
Reply 12 - Posted by:
JimBob 6/4/2025 4:20:09 PM (No. 1959849)
It seems to me that, as interest on the debt is a larger expense than the military, if the Fed would lower the interest rates, the interest payment on the debt would gradually become less, as various issues of Treasury bonds mature and are paid off with the proceeds from new Treasury bonds issued at a lower interest rate. This might make a pretty good dent in mandatory spending. At the same time, lower Fed interest rates would act to push the interest rates lower on loans across the board.... on homes, cars, and all manner of commercial activities.
Regarding "an analysis from the non-partisan Congressional Budget Office". I heard on the radio that someone did a cross-check of CBO employees and political contributions, and there were MANY CBO employees who contributed to 'Rat politicians, but there were NO CBO employees who contributed to Pubbie politicians. That, and the reportedly poor record the CBO has in predicting the financial effects of Federal policy and legislation, that we should take the CBO's pronouncements with -as the saying goes- 'a grain of salt'.
4 people like this.
Reply 13 - Posted by:
DVC 6/4/2025 4:20:12 PM (No. 1959850)
CBO a both liars and very ignorant of real world economics. And this its Nat Review.....not a reliable source.
4 people like this.
Reply 14 - Posted by:
jeffkinnh 6/4/2025 4:24:12 PM (No. 1959855)
I was just reading an article the other day that explains that the CBO evaluation is SERIOUSLY flawed, and ignores many factors that disprove their conclusion. More Deep State manipulation. It is this type of garbage that makes people nervous. Even though they want to support Trump, they hear so many negative voices that they are unsure, even if they no longer trust many of those negative voices.
Given time, the CBO will be proven wrong but we can't wait.
It's pretty sad. How many times does Trump have to say, "I told you so." before people really understand that he knows what he is doing. I'm not claiming he is perfect, but he is a LOT smarter than people that are resisting him. And Trump's motives are pure. His opponents' motives are usually VERY slimy.
The economy is already noticeably turning around. We should take that as a sign of good things to come and have faith.
11 people like this.
Reply 15 - Posted by:
ARKfamily 6/4/2025 4:37:02 PM (No. 1959862)
#14, thanks for your comments. . .
3 people like this.
Reply 16 - Posted by:
LC Chihuahua 6/4/2025 5:07:36 PM (No. 1959882)
The CBO. Has anyone ever seen an article that names even one person that works there? Who is making the analysis? Time will tell if things get worse, better, or stay the same. Will they be printing more dollars with nothing of value behind them? If so, say hello to another round of inflation. Guessing production will go up since more things will be made on American soil. That should increase tax revenue. One thing for certain: Government spending needs to go down.
2 people like this.
Reply 17 - Posted by:
nosillod 6/4/2025 6:28:21 PM (No. 1959906)
The CBO is worthless. These are the same people who ran the numbers on Obamacare and said it would reduce premiums and medical expenses as well as reducing the debt. Zero credibility.
3 people like this.
Reply 18 - Posted by:
JackBurton 6/4/2025 7:14:20 PM (No. 1959932)
If the CBO is non partisan...
....why do its members only make campaign contributions to Democrats.
Asking for a friend.
1 person likes this.
Reply 19 - Posted by:
Strike3 6/4/2025 9:13:18 PM (No. 1959973)
National Review finally joins the leftist chorus on this topic.
0 people like this.
Reply 20 - Posted by:
MickTurn 6/4/2025 10:25:24 PM (No. 1960002)
Read the fine print...RINO's and DEMOCRAPS put tons of walking around money in every bill, it's how they pay off their Thugs!
1 person likes this.
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