Oldsouljer said:Definitely sounds like we need to cut spending across the board.IseWolf22 said:
Moody's downgraded the US credit rating and bond yields are rising again.
If anyone rational remains in the GOP caucus, this should scramble plans for the reconciliation bill which is set to add additional trillions to the debt.
This is not the same debt situation of the past 30 years. Interest payments are spiking and have outpaced military spending. We are barreling towards a crisis and Trump wants to press the gas for asinine changes like no tax on tips
If he wasn't slashing revenues at the same time, you'd at least have an Economic argument for the spending cuts. We could debate the pro and cons of that as a legitimate POV.
But the fact is, you can't cut enough spending to justify the proposed revenue cuts. We are far too deep in the hole already. Every single iteration of the current reconciliation bill is being scored as worsening the deficit, not making it better.