XPost: alt.fan.rush-limbaugh, alt.atheism, alt.home.repair
XPost: alt.politics.trump
Lee wrote:
CBO: Republican megabill to cost $4.1T,
due to higher borrowing costs
Aug 4
Interest rates will be higher over
the next decade because of the GOP’s
megabill and drive up borrowing costs
even for the federal government,
Congress’ nonpartisan scorekeeper
predicts in a new report released
Monday.
In an analysis of the massive domestic
policy package President Donald Trump
signed into law on July 4, the
Congressional Budget Office estimated
the measure will increase the federal
deficit by $4.1 trillion over a decade.
Because the bill’s red ink is not
offset by more spending cuts or new
revenue, CBO found, the legislation
will drive up interest rates.
That increase could affect investors
and regular people getting loans for
a range of assets, from cars to homes.
But it will also hike costs for the
federal government in a real way,
according to the budget office —
increasing interest payments on the
nearly $37 trillion national debt by
$718 billion over a decade.
That’s higher than the $440 billion
in extra borrowing costs CBO
estimated in June, before Republicans
reworked many of the bill’s policies
to abide by Senate rules and woo the
support of GOP lawmakers who were
reluctant to vote in favor of the
final product.
Congressional Republicans largely
dismissed CBO’s deficit and interest
rate warnings in the days before
clearing the bill for Trump’s
signature, arguing that the
legislation would juice the economy
far more than forecasters have
ultimately predicted.
The Joint Committee on Taxation has
predicted that, if Congress eventually
makes these temporary tax policies
permanent, it would add $800 billion
to the deficit over a decade. At this
point, CBO predicts, the bill would
increase the cost of servicing the
national debt by $789 billion over
10 years, hiking the legislation’s
price tag to $5 trillion. >https://www.politico.com/news/2025/08/04/congressional-budget-office-go >p-megabill-to-cost-4-1t-drive-up-borrowing-costs-00492581
Fat white men line up at the trough to feed on taxpayer's money. Now
they're passing on their corruption and debt to future generations.
It's going to be nice to take a shit on their graves.
Especially tRUMP's. He's an Epstein Pedophile Lister you know!
--- SoupGate-Win32 v1.05
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