The Big Beautiful Bill needs its own thread.

[89th]

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.

[89th]

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.

[jon-nyc]

Rand Paul is having none of it.

[jon-nyc]

Did he lose 4 GOP senators?

[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.

[jon-nyc]

[Axtremus]

@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.

[89th]

[jon-nyc]

Main Street will get tariffs at least.

[LuFins Dad]

@89th said in The Big Beautiful Bill needs its own thread.:

I’d be curious to see their work…

[jon-nyc]

[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.

[jon-nyc]

Just so we’re clear.

BESSENT: OTHER COUNTRIES' CURRENCIES RISING, NOT DOLLAR FALLING

[taiwan_girl]

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.

[Renauda]

@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?

[LuFins Dad]

It’s so great of them to make other countries great again, too!

[jon-nyc]

DOA?

https://www.axios.com/2025/05/25/ron-johnson-senate-halt-house-budget-bill

[LuFins Dad]

You know, Republican budget hawks might have an opportunity to finally push through legitimate entitlement reform.

[jon-nyc]

[jon-nyc]