[raxxorraxor]

What is disingenious about it? It is a recent phenomena that states have this amount of debt. The debt of the US specifically is backed by its military and economic output. If one collapses, there will be a severe hyperinflation.

Tax payers are slowly and increasenly burdened by said debt.

[linotype]

I think the problem is that people that are constantly ranting about the debt (for instance Republicans), pass measures like the one they’re about to that raise the deficit even further while cutting taxes. If they were really concerned about the debt, they’d cut spending on defense (lol) and raise taxes to say the Clinton era.

[tzs]

Haven't you heard? Republicans have decided that all those deficit calculations for the new bill are wrong. See "How a GOP accounting maneuver hides $3.8 trillion in red ink from Trump's 'big, beautiful bill'" [1].

They are basically saying that when some current law is expiring (such as some of the 2017 Trump tax cuts) a bill that extends that law or makes it permanent should count as having zero cost.

If this goes through it means any party that gets a majority in the Senate can pretty much get anything through via budget reconciliation (which is supposed to only be allowed for deficit-neutral things) which cannot be filibustered by simply putting a time limit on it and then later making it permanent.

For example, Democrats pointed out that next time they have a majority they could pass universal free healthcare with a one year expiration with enough taxes and/or spending cuts elsewhere to make it deficit neutral for that one year, and then next year pass a bill making the universal healthcare permanent part permanent and letting the taxes or cuts expire.

This bill making the healthcare permanent would have zero cost under the new Republican rules and so could also be done via budget reconciliation, and so just need a majority to pass.

[1] https://finance.yahoo.com/news/how-a-gop-accounting-maneuver...

[linotype]

That kind of sounds amazing TBH. As an American I’m only now waking up to the depths of narcissism this country has, and Trump got it. Americans are either socially liberal and fiscally conservative (few), or socially liberal/conservative and fiscally liberal. They’re just giving the people what they want, let’s just give it to them faster and reset the whole thing sooner.