XPost: alt.fan.rush-limbaugh, alt.atheism, alt.politics.trump   
   XPost: rec.arts.tv   
   From: c186282@nnada.ne   
      
   Lee wrote:   
      
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   >CBO: Republican megabill to cost $4.1T,   
   >due to higher borrowing costs   
   >Aug 4   
   >   
   >Interest rates will be higher over   
   >the next decade because of the GOP’s   
   >megabill and drive up borrowing costs   
   >even for the federal government,   
   >Congress’ nonpartisan scorekeeper   
   >predicts in a new report released   
   >Monday.   
   >   
   >In an analysis of the massive domestic   
   >policy package President Donald Trump   
   >signed into law on July 4, the   
   >Congressional Budget Office estimated   
   >the measure will increase the federal   
   >deficit by $4.1 trillion over a decade.   
   >Because the bill’s red ink is not   
   >offset by more spending cuts or new   
   >revenue, CBO found, the legislation   
   >will drive up interest rates.   
   >   
   >That increase could affect investors   
   >and regular people getting loans for   
   >a range of assets, from cars to homes.   
   >But it will also hike costs for the   
   >federal government in a real way,   
   >according to the budget office —   
   >increasing interest payments on the   
   >nearly $37 trillion national debt by   
   >$718 billion over a decade.   
   >   
   >That’s higher than the $440 billion   
   >in extra borrowing costs CBO   
   >estimated in June, before Republicans   
   >reworked many of the bill’s policies   
   >to abide by Senate rules and woo the   
   >support of GOP lawmakers who were   
   >reluctant to vote in favor of the   
   >final product.   
   >   
   >Congressional Republicans largely   
   >dismissed CBO’s deficit and interest   
   >rate warnings in the days before   
   >clearing the bill for Trump’s   
   >signature, arguing that the   
   >legislation would juice the economy   
   >far more than forecasters have   
   >ultimately predicted.   
   >   
   >The Joint Committee on Taxation has   
   >predicted that, if Congress eventually   
   >makes these temporary tax policies   
   >permanent, it would add $800 billion   
   >to the deficit over a decade. At this   
   >point, CBO predicts, the bill would   
   >increase the cost of servicing the   
   >national debt by $789 billion over   
   >10 years, hiking the legislation’s   
   >price tag to $5 trillion.   
   >https://www.politico.com/news/2025/08/04/congressional-budget-office-go   
   >p-megabill-to-cost-4-1t-drive-up-borrowing-costs-00492581   
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   Fat white men line up at the trough to feed on taxpayer's money.   Now   
   they're passing on their corruption and debt to future generations.   
      
   It's going to be nice to take a shit on their graves.   
      
   Especially tRUMP's.   He's an Epstein Pedophile Lister you know!   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)