'Fraud upon the American people': Trump officials claim spending bill will lower deficit

Fiscal Policy & Economic Impact - The Trump administration's spending bill is projected to increase the US deficit by $33 trillion [1] - White House officials claim the bill will protect and strengthen Medicaid for the needy, pregnant women, children, and sick Americans [2] - The administration projects 3% growth from the bill, adding $4 trillion to revenue, positioning it as a deficit reducer [2] - Economists criticize the GOP for using "accounting creative writing" to mask the $4 trillion cost of the tax bill [3] - The White House Council of Economic Advisers believes the bill will reduce the national debt, a claim considered absurd by some economists [8] Market & Investor Sentiment - Despite concerns about US debt, the stock market initially reacted positively to the bill [10] - The bond market is less enthusiastic than the stock market, and the dollar has performed poorly against other currencies [11] - Some believe the stock market's optimism is fueled by hopes that AI will change the world [11] Trade & Tariffs - Negotiations are slowing because President Trump threatens to impose more tariffs even after a deal [12] - No one has permission to make actual deals for the United States except for the president [13] - Imposing new tariffs upsets the apple cart and restarts negotiations from scratch [14] - The president could tear up trade agreements and demand new ones, undermining commitment [15] Immigration & Labor - The Trump administration is rethinking deportation policies for migrants working in industries like hospitality and agriculture [17] - The administration is considering a temporary pass for farm workers where farmers can have some control [18] - Uncertainty around immigration policies makes it difficult for farmers and hospitality companies to plan, as workers may not show up due to fear of ICE [22]