alt Hacker NewsCongress passed a tax cut last year for the wealthiest as part of the One Big Beautiful Bill (“OBBB”) that increases the debt by $1T-$4T over ten years. What taxation by both parties?
The US pays $800B/year to service debt. It pays $800B-$1T/year for the military. What would you like cut that is discretionary? There appears to be no appetite to raise taxes on the wealthy, pay down debt, and reduce military spending. So US credit card go brrr. We’ll hit a debt spiral eventually.
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lostlogin • yesterday at 3:56 PM
> Congress passed a tax cut last year for the wealthiest as part of the One Big Beautiful Bill (“OBBB”)
I think you need to call it by its real name.
One Big Beautiful Bill Act.
You can tell how much care and considering went into if from the name.
The deficit reliably starts to come down whenever a Democrat leadership is in place. It then jumps back up under the Republicans.