BREAKING: The Congressional Budget Office drops a bombshell on Donald Trump by revealing that his “big, beautiful bill” will add a truly jaw-dropping $2.4 trillion to the national deficit over the coming decade.
And it gets so much worse…
The nonpartisan CBO estimates that the plutocratic MAGA tax cuts — which are designed to shovel even more wealth to the super rich and corporations by locking in expired tax rules from Trump’s 2017 law — in conjunction with other changes will decrease revenues by over $3.6 trillion over the same time period.
Thanks to Trump’s urging, the bill will skyrocket the Pentagon’s already disgustingly bloated budget to over $1 trillion for the first time in American history. At the same time, it will gut Medicaid and result in roughly 15 million Americans losing their healthcare coverage by 2034.
According to Republicans, we have plenty of money for bullets and bombs to drop overseas but not a penny to spare for insulin or chemotherapy.
The CBO’s staggering estimate comes a day after MAGA billionaire Elon Musk attacked the bill as a “disgusting abomination” because of what it does to the deficit.
“I’m sorry, but I just can’t stand it anymore,” he wrote on X. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.”
“It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden American citizens with crushingly unsustainable debt,” he added.
As usual, Republicans only care about the debt and deficit when Democrats are in control. They have no problem spending money, so long as it’s going to the rich.