And just like that $4trillion just got added to the debt. US bonds are about to fly

https://i.redd.it/4biu93jycpaf1.jpeg

by mhoney188

26 comments
  1. So much for “fiscal conservatives.” Once again, Republicans show they’re more interested in serving the wealthy than standing up for working-class Americans.

  2. Lmfao don’t let a republican tell you that they’re committed to fiscal responsibility

  3. Dollar, look out below. Sorry Americans who will be alive in 50 years.

  4. We can’t forget this. Majority of these cuts won’t kick in until after the midterms. If the Democrats take over, they will be blamed for the consequences.

  5. The party of self responsibility

    ![gif](giphy|l0ExayQDzrI2xOb8A)

  6. Way to go. “Party of small government” is just a lie, like everything else

  7. Any republican that claims to care about fiscal responsibility is just delusional. The party hasn’t been about it for decades now and this bill is what anyone will point to when they make that argument.

  8. By far the most sinister aspect of this is that the tax cuts, ICE money, and concentration camp money will be available immediately, but the Medicaid and SNAP cuts are delayed until after the midterms.

    The Democrats will campaign on this and with luck could win the House and Senate. Then the cuts will come in and devastate millions. Because Trump will be president still, nothing can be done to fix it.

    Republicans and Fox News will instantly turn around and blame Democrats for the suffering. The same voters who handed power to Dems will believe the lies.

    After two years of getting nothing done voters will return Republicans back to power, and they will pass another tax cut and further devastate society.

    The cycle will continue until this nation is dust.

  9. Thank GOD BBB passed! The top 1% was getting soaked by our tax system paying nearly 50% of their income in all forms of taxes (Federal/State/Local Income taxes, FICA, sales taxes, property taxes, excise taxes, etc) while the bottom 50% barely pays their fair share!

  10. Hahahaha, the American dollar should be worth less than nothing. Keep printing that money folks, I’m sure that’ll never come back to haunt you.

  11. Probably should have voted. Also, something something GaZa. Good job Michigan.

  12. And ICE gets their **$100 billion** dollar budget.. Long live democracy!

  13. Greg Abbott of Texas is held off the election in a solid Democratic House seat since October.

  14. Does anyone know what this will mean for US equities, inflation and bond prices in the next few years?

  15. Good thing they did it on a Thursday before a long weekend so nobody’s paying attention! Now they can continue to fuck up our country while tactically pushing stuff through when visibility is as low as possible.

    It’s almost like they knew this would be outrageous and planned it around this particular time when nobody’s listening to news!

  16. If it’s a debt to gov’t/public it’s an asset to who?

  17. Bond vigilantes will dictate long term rates regardless of the Fed’s rate decisions for the foreseeable future.

  18. I will vote for a democrat if they promise to put together a spending bill that will reduce the deficit with across the board cuts and huge slashing of government waste. A bill that doesn’t include raising taxes on people who make less than 100k.

    It seems to me we have a competition to see who can bankrupt the country fastest. We need big cutbacks. Nothing sacred, nothing off limits except taxing the poor to pay for pet projects.

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