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Dulcinea

(8,455 posts)
Tue May 20, 2025, 08:20 AM May 20

White House says the 'big beautiful bill' will lower the US deficit. Analysts say that's off by trillions.

(Yahoo Finance) The White House made the case Monday that passing President Trump’s "big beautiful bill" would be the fiscally responsible move as objections from some Republican fiscal hawks experiencing sticker shock continued to jeopardize progress.

“This bill does not add to the deficit ... this bill will save $1.6 trillion,” White House press secretary Karoline Leavitt told reporters Monday.

Another White House report on Monday from the Council of Economic Advisers painted a similarly rosy picture even as a variety of outside analyses foresee a new flood of government debt if lawmakers move forward.

The latest example came Monday afternoon when the Penn Wharton Budget Model offered a projection that took into account the bill's "positive economic dynamics" but nevertheless found an increase in primary deficits of almost $3.3 trillion over 10 years.

https://finance.yahoo.com/news/white-house-says-the-big-beautiful-bill-will-lower-the-us-deficit-analysts-say-thats-off-by-trillions-080040908.html

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White House says the 'big beautiful bill' will lower the US deficit. Analysts say that's off by trillions. (Original Post) Dulcinea May 20 OP
The GOP budget framework envisioned a $4 trillion increase in the debt limit. surfered May 20 #1
Chris Murphy said the tax cuts will cost 7 trillion. gab13by13 May 20 #2
Eloon Muskovite's tax cuts won't pay for themselves. Dulcinea May 20 #5
Meanwhile, in the REAL WORLD where Truth still means something... Wiz Imp May 20 #3
Any links to messaging on this coming out of the Democratic party? lees1975 May 20 #4
Kick Yo_Mama_Been_Loggin May 20 #6

gab13by13

(28,290 posts)
2. Chris Murphy said the tax cuts will cost 7 trillion.
Tue May 20, 2025, 08:43 AM
May 20

Those tax cuts aren't just for 10 years, they are permanent.

Dulcinea

(8,455 posts)
5. Eloon Muskovite's tax cuts won't pay for themselves.
Tue May 20, 2025, 09:59 AM
May 20

He paid good money for this president & this administration, & he expects a good ROI.

Wiz Imp

(5,201 posts)
3. Meanwhile, in the REAL WORLD where Truth still means something...
Tue May 20, 2025, 09:32 AM
May 20
https://spectrumlocalnews.com/us/national/politics/2025/04/10/house-republican-budget-will-add--52t-to-federal-deficit--cbo-says

House Republican budget could add $52T to federal deficit, CBO says

The budget framework House Republicans narrowly passed Thursday could add $52 trillion to the national debt over the next 30 years, the Congressional Budget Office said.



Of course the White House knows they are lying. If they believed it would reduce the deficit, then why do they have to include a significant increase in the debt ceiling ($4 Trillion) as part of it?

lees1975

(6,570 posts)
4. Any links to messaging on this coming out of the Democratic party?
Tue May 20, 2025, 09:50 AM
May 20

We need to get a unified voice on this and get it out there.

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