It’s pretty obvious what’s going on. Last June the GOP passed a $4.5 trillion tax reduction in the OBBBA and pretended to offset a small portion of the red ink by modest reforms of Medicaid and other entitlement programs. But now, just a few months later, the Senate Dems are saying they will block enactment of the GOP’s latest pork-laden CR, as we exposed yesterday, unless most of the health care cuts in the OBBBA are repealed.
As shown in the table below, capitulating to the Dems’ demands would add $1.3 to $1.5 trillion to the public debt over the next decade. So in another edition of performative anti-spending make pretend the GOP will loudly protest this raid on the Treasury for a week or two. Today the Donald even cancelled a scheduled meeting with the Dem leadership to discuss how to keep the government open after September 30th.
But don’t be snookered. The TACO man (Trump Always Chickens Out) has no intention of risking even a few points on his sinking approval ratings that would likely result from an extended shutdown. So when the dust clears, probably even before the second week of October, the UniParty will have assaulted the future prosperity and fiscal sustainability of America yet again:
The GOP will have gotten its unpaid for mega tax cut last June but will have agreed in October to cancel the major entitlement savings.
The Dems will brag they saved the poor and working class from drastic Medicaid and ObamaCare cuts.
Taxpayers—born and unborn—will be saddled with added debts that by mid-century are already scheduled to reach a mountainous $185 trillion.
And, yes, that’s TRILLION with Trumpian all caps.
10-Year Cost Of Senate Dems’ Health Care Spending Demands
Provision 10-Year CBO Cost Estimate
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