CBO Releases Report on Trump/House Bill

Bottom line, the BBB adds to our deficit which is already massive.

 

He's not wrong though

 

I think it’s hilarious that the right had this notion on how much less “swampy” their officials are.

 

That is some top level slimeball Pub crap.

 

Red and blue gotchas aside, does the skyrocketing debt actually matter? I think it's pretty apparent none of these jokers in congress have any intentions on slowing down.

 

at some point I assume it will matter. Kinda like a question of not if but when. But I think it’s become like a game of hot potato. Who gets left holding it when the music stops. We already know from history that the people who will end up paying the piper are normal working class people, whatever the outcome.

 

Setting aside the typically trashy “members of Congress are exempted from these rules” …

I’m not following how this even covers the budget. If they are forcing federal workers to contribute 15.6% of their salaries to their retirement plan, are they just going to steal that money? How does that get factored in to “paying for the bill”?

Maybe some pension plans are “underfunded” and this addresses future payments the govt might make into plans? Sounds a bit like doing away with 401k match (like some companies have done in recent years), then forcing the employee to pick up both halves. I was under the impression current fed workers don’t have nearly the same generous bennies as decades past, so it seems suspicious they’d need 15.6% minimum to keep funded.

 

Sounds about right...probably not going to adversely affect the old farts but my son just graduated UF in December. I honestly don't know what kind of advice to give him anymore on how to prepare.

 

From Politico today :

 

Polls show a majority don’t want the bill.

“A Fox News poll found that 38% of registered voters support the “One Big Beautiful Bill” based on what they know about it, while 59% oppose it.”

It is opposed 22%-73% by independents, and 43%-53% among white men without a college degree, the heart of Trump’s base.“

A survey from Pew Research Center found that 29% of adults favor the bill, while 49% oppose it.

A poll by The Washington Post and Ipsos found that 23% of adults support “the budget bill changing tax, spending and Medicaid policies,” while 42% oppose it.“

Polls show Trump's big bill is unpopular as Republicans stare down their deadline for passage

 

my kid is going into college shortly. Im a huge proponent of higher ed but I actually let my kid do a magnet that has them work certified out of high school - probably won’t be as competitive for top schools but I wanted them ready to start earning out of high school just in case.

 

federal employees pay a percentage of their salary into the pension plan. That percentage is based on when you got hired. I had to pay 0.8% but those hired this year paid 4.4%. The 15.6% is most likely taken out of context. I know there is a proposal to increase by 5% for those employees that want to have the full protections of civil service (ie, you cant just be fired) so I suppose they want to bring that total amount to 15.6%. Doubt that proposal will go through.