The Big Beautiful Bill needs its own thread.
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wrote on 19 May 2025, 19:41 last edited by
Hahaha well said.
BTW for anyone keeping score, the estimate is this bill will, over the next 10 years, add between $3.8 to $5.3 trillion to the deficit.
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wrote on 19 May 2025, 19:43 last edited by
Oh and the "Council of Economic Advisers"... not a 3rd party independent audit firm. It's a group of people Trump hired over the last few months to basically nod their heads to him.
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wrote on 19 May 2025, 19:48 last edited by
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wrote on 20 May 2025, 00:07 last edited by
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wrote on 20 May 2025, 00:23 last edited by jon-nyc
"This tax bill's enormity is being underplayed," Manhattan Institute's Jessica Riedl says. "This tax bill will cost more than the 2017 tax cuts, the CARES Act, Biden's stimulus, and the Inflation Reduction Act combined.
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wrote on 22 May 2025, 01:35 last edited by
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US gets its debt downgraded.
https://www.reuters.com/markets/us/moodys-downgrades-us-aa1-rating-2025-05-16/
wrote on 22 May 2025, 12:35 last edited by@jon-nyc said in The Big Beautiful Bill needs its own thread.:
US gets its debt downgraded.
https://www.reuters.com/markets/us/moodys-downgrades-us-aa1-rating-2025-05-16/
House GOP whistled past the downgrade and passed the Big Beautiful Bill anyway.
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wrote on 22 May 2025, 13:38 last edited by
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wrote on 22 May 2025, 14:20 last edited by
Main Street will get tariffs at least.
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wrote on 22 May 2025, 18:53 last edited by
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wrote on 22 May 2025, 19:10 last edited by
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wrote on 23 May 2025, 12:03 last edited by jon-nyc
There are jokes going around bond markets about Big Beautiful Bill.
BBB is the lowest credit rating you can have before junk status.
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wrote on 23 May 2025, 17:40 last edited by jon-nyc
Just so we’re clear.
BESSENT: OTHER COUNTRIES' CURRENCIES RISING, NOT DOLLAR FALLING
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wrote on 23 May 2025, 17:59 last edited by
LOL
I look at a couple of forums about thailand and there are starting to complaints from expat retirees about how their money has lost XX% vs the Thai baht.
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wrote on 23 May 2025, 21:34 last edited by
@jon-nyc said in The Big Beautiful Bill needs its own thread.:
Just so we’re clear.
BESSENT: OTHER COUNTRIES' CURRENCIES RISING, NOT DOLLAR FALLING
The cheek of those “other countries”, eh?
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wrote on 23 May 2025, 23:14 last edited by
It’s so great of them to make other countries great again, too!
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wrote on 25 May 2025, 18:36 last edited by
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wrote on 25 May 2025, 19:06 last edited by
You know, Republican budget hawks might have an opportunity to finally push through legitimate entitlement reform.
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wrote on 26 May 2025, 01:47 last edited by
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wrote on 28 May 2025, 00:18 last edited by