skews13
Diamond Member
- Mar 18, 2017
- 10,389
- 13,611
- 2,415
The real reason that Musk attempted to tank the spending bill last week was actually exponentially more important to Musk, Trump, and MAGA’s agenda for Trump’s 2nd term in office. Trump gave a massive tax break to billionaires when he was first President, as everyone infamously remembers. This tax break expires in 2025, which means that Trump is going to need to shove through a renewal of this tax break in 2025.
What this means for Trump and the RNC is that this tax-break renewal is going to consume a massive amount of Trump’s political capital during his first 100 days — “political capital” being Trump’s ability to influence Congressional political decisions. Let’s not forget that Trump’s first term in office added somewhere around $8 trillion to the national debt, the most debt added by any single President in history — by trillions.
At the same time, Trump is going to want the means to be able to start mass deportations. This requires, you guessed it, even more money and more debt. Mind you, the mass deportations that Trump is talking about would cost anywhere from the tens to hundreds of billions to accomplish (depending on which economist you ask), and in the long term would cost the economy trillions in debt as well (from the loss of tax revenue and workers).
And then there’s Trump tariffs. The cost of the tariffs speak for themselves.
So, if you are Trump/Musk, how do you overcome the problem of all the debt that will be accrued with these stupid policies? Easy.
Just get rid of the debt ceiling!
Et voila, your debt problems are no more!
And that is exactly what Musk and Trump proposed. In the “new” spending bill that Musk pushed for, one of the caveats was that Congress would eliminate the debt ceiling entirely. For Musk and Trump, removing the debt ceiling by killing the spending bill was the easiest way that they could get a “blank check” for their respective agendas come 2025.
Get ready for higher prices, and a world of unimaginable stupid.
Happy Holidays
What this means for Trump and the RNC is that this tax-break renewal is going to consume a massive amount of Trump’s political capital during his first 100 days — “political capital” being Trump’s ability to influence Congressional political decisions. Let’s not forget that Trump’s first term in office added somewhere around $8 trillion to the national debt, the most debt added by any single President in history — by trillions.
At the same time, Trump is going to want the means to be able to start mass deportations. This requires, you guessed it, even more money and more debt. Mind you, the mass deportations that Trump is talking about would cost anywhere from the tens to hundreds of billions to accomplish (depending on which economist you ask), and in the long term would cost the economy trillions in debt as well (from the loss of tax revenue and workers).
And then there’s Trump tariffs. The cost of the tariffs speak for themselves.
So, if you are Trump/Musk, how do you overcome the problem of all the debt that will be accrued with these stupid policies? Easy.
Just get rid of the debt ceiling!
Et voila, your debt problems are no more!
And that is exactly what Musk and Trump proposed. In the “new” spending bill that Musk pushed for, one of the caveats was that Congress would eliminate the debt ceiling entirely. For Musk and Trump, removing the debt ceiling by killing the spending bill was the easiest way that they could get a “blank check” for their respective agendas come 2025.
The Real Reason Musk Tried to Tank the Spending Bill and the Looming MAGA Civil War
No, it had nothing to do with revenge pornography. The real reason that Musk attempted to tank the spending bill last week was actually exponentially more important to Musk, Trump, and MAGA’s agenda for Trump’s 2nd term in office. Trump gave a massive...
www.dailykos.com
Get ready for higher prices, and a world of unimaginable stupid.
Happy Holidays
