I’m no financial guy.
But isn’t this insane?
Mr. Trump and his cult are determined to pass a bill that will cost us $3.8 trillion plus interest over the next decade, per the Joint Committee on Taxation.) Moody’s Ratings just downgraded our credit. That’ll likely increase the interest rates we pay. We already pay $1.13 trillion per year interest on that national debt – compared with $997 billion on military (plus $304 billion for veterans), $70 billion on highways, and $ 1.72 trillion on people’s health.
The bill will also cut into most every non-military thing our government does: imprison criminals; help folks get necessary medical treatments; help improve the quality of education; foster scientific research that could help treat cancer, improve our air and water, develop innovations that will help us financially in the foreseeable future, help local governments with disaster relief and law enforcement; inspect food and drugs for purity and safety; and enforce antitrust, consumer fairness, white-collar crime, and other laws.
You’d figure that weakening an already pathetic national financial condition AND endangering people’s health at the same time would be done for some high priority, such as responding to Pearl Harbor, fighting the Climate Crisis, or containining a pandemic. Nope.
We must do it to decrease taxes for our richest people – who, by the way, got incredibly richer during the past year. The biggest owners of the large companies that keep poisoning us and our air, causing a lot of those health problems. (The big, ugly bill will also cut our income from oil leases.)
I’d oppose that budget. Ten million U.S. humans will lose medical coverage.
I was a kid during some of our best financial times, the 1950s. Our tax structure was different, more like other nations have: the top brackets had tax rates of 91% and 88%. Not the 37.5% to which Trump lowered it from 39% in 2017. And we were thriving!
That earlier time reflected some different views. It reflected the fact that folks making exorbitant amounts of money do so using infrastructure we all pay for; and the quaint idea that we were all, including the very rich, part of a common nation.
The Bill is huge. Hidden in it, garnering no headlines as they rush it through, the bill also forbids courts from charging government officials with contempt of court for disobeying court orders. Along with the Supreme Court’s gift to Trump of a presidential immunity our founders would have fought duels to prevent, this paves the way for Mr. Trump to become our first dictator. Our first emperor, if he likes.
Of course, the “patriots” who support this don’t realize it would give equal power to B Sanders or A Occasion-Cortez, if one got elected. Or they are pretty confident that we’ll never again have an election real enough to put in a non-Republican?
Fortunately, the courts will likely point out that our Constitution forbids such chicanery. The Constitution’s words, court precedents, and logic say so. Has Jon Roberts figured out what we should do when Trump and cult say, “Sorry, but we’ll do as we please?”
We will keep having hard times to avoid inconveniencing the billionaires. What’s a few extra dead folks and a few extra hours for each worker, when those folks need better Bentleys and have islands to buy.
Still, Missouri Senator Josh Hawley swears he’ll block folks losing healthcare. I hope so.
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[The above column appeared Sunday, 1 June, 2025, in the Las Cruces Sun-News, and on the newspaper's website and the KRWG website (under Local Viewpoints). A shortened and sharpened radio commentary version will air during the week on KRWG (90.1 FM) and on KTAL-LP (101.5 FM / http://www.lccommunityradio.org/). That website also contains station archives.]
Good summary.
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