Reality of the Big Beautiful Bill
I'm sounding the alarm.
At a bare minimum, the “One Big Beautiful Bill” shouldn’t INCREASE the annual deficit. With the meager spending reductions being discussed, I’m afraid it actually will. We must return to a reasonable pre-pandemic level of spending.
I ran in 2010 because we were mortgaging our children's future.
If someone in your family had an illness, and you had to borrow $50,000 for medical bills, would you keep borrowing that amount of money every year even after the health crisis has passed? That is what America is doing.
In 2019, America spent $4.4 trillion. Now we are up to $7 trillion. The "One Big Beautiful Bill" is a big complex bill that doesn't address our spending problem.
We have a once-in-a-lifetime opportunity to reset spending that has been exploded by Democrats. What President Trump and Elon Musk did with DOGE is brilliant. They exposed all this waste, fraud, and abuse within the federal government. They've also exposed how oblivious we are to it. We need to codify their work.
Please read my latest op-ed in The Wall Street Journal to understand why I’m asking the president and congressional leaders to reconsider a multistep strategy on budget reconciliation.
There are 2 Comments
Give Trump a Chance?
Johnson's comments contain nothing with which I can disagree, so it is painful for me to side with President Trump. John Kennedy, Ronald Reagan, and George Bush showed us that if you can stimulate the American economy, you can stimulate revenue even more. While no one has successfully increased revenue enough to cover new spending, I feel strongly that we need to let Trump try.
Trump has driven down energy prices simply by telling the world that America was going to produce far more, and that comment alone is driving the world producers to maximise their output, hoping to get their share of the market. Supply and demand are lowering the price. That will lead to a phenomenal contribution to lower inflation and an increase in our economy.
This is the last chance
I'm not sure whether the country has any other choice at this stage of the game. It appears to always be a "damned if we do, damned if we don't scenario." Someone once said, "you have to make a big mess in order to clean up a big mess." Anything done at this point is a large gamble, so I also say, "what do we have to lose?" Let Trump play his bet. If ultimately we end up starting all over anyway after the chaos settles, at least we tried. Who know's maybe the future generations will see Trumps bust on Mt. Rushmore, after all. Sen. Johnson knows already it's not going to pass through the Senate know matter which way he votes.
Add new comment