this post was submitted on 03 Jun 2025
410 points (99.5% liked)

politics

23918 readers
2982 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
 

Six Nobel laureate economists said a massive budget bill passed by House lawmakers last month and backed by Trump would weaken key safety-net programs while greatly lifting the federal debt.

The tax and spending package, which Republicans have dubbed the "one big beautiful bill," would hurt millions of Americans by slashing Medicaid and food stamps, the economists wrote in a June 2 letter on behalf of the Economic Policy Institute, a left-leaning think tank.

"Even with the safety net cuts, the House bill leads to public debt rising by over $3 trillion in coming years (and over $5 trillion over the next decade if provisions are made permanent rather than phasing out)," the economists state. "The higher debt and deficits will put noticeable upward pressure on both inflation and interest rates in coming years."

you are viewing a single comment's thread
view the rest of the comments
[–] Goodmorningsunshine@lemmy.world 67 points 3 days ago (4 children)

Didn't we already do this song and dance first time around? Trump wants to give all the rich people more money, economists say it will hurt the poor and raise the debt, Republicans pass it, the country and its people apart from the rich are worse off. We all know this passes and the effects and purpose of it. No one's shocked Pikachu.

[–] FlexibleToast@lemmy.world 35 points 3 days ago

The difference now is that our debt is so high that the whole world is watching and downgrading our credit. Creating debt isn't necessarily a problem of you're using that debt to make things more productive. If you're using that debt to build infrastructure, improve schooling, etc... Increasing your debt to give rich people more money is wasteful spending. Those same economists that are warning about this bill are also scared that we will lose our ability to cheaply borrow money.

[–] DandomRude@lemmy.world 8 points 3 days ago* (last edited 3 days ago) (1 children)

True, but many of those morons who voted for this orange crook will probably be shocked Pikachu - until some lying scumbag comes along and tells them it was really some minority's fault or some other fairytale along those lines. It's just sad.

[–] SoftestSapphic@lemmy.world 4 points 3 days ago

Republicans are appalled at Trumps policies until they tune into Fox that night and download their new opinions

[–] arrow74@lemm.ee 7 points 3 days ago

Then first time? This is at least the 5th or 6th time.

Every time Republicans get a majority/the presidency they do this shit.

[–] AA5B@lemmy.world 2 points 3 days ago

Here’s where they push the scam of “temporary” tax cuts.

  • last time around, Trumps tax cuts weren’t that bad for the debt because they’re temporary, they expired
  • this time around they’re not increasing the debt because they’re merely extending the existing tax cuts. No change /s