InsaneDave Lee (@heydave7):Now that the BBB is law, Grok estimates the U.S. federal deficit to be $2.4 Trillion in 2025 and $2.4-2.5 Trillion in 2026.So we'll be adding about $5 Trillion to the federal debt in the next 2 years.What the politicians didn't tell you is that the $5 Trillion debt ceiling ...

All right, Ryan, I know that there are some Republicans who say they are concerned about this bill, but what is the likelihood this party is not going to end up getting behind it. Well, listen Katie, uh there is a very simple rule uh that you can basically take to the bank when you are watching things play out on Capitol Hill, and that is if you are staring at the C-SPAN screen and it is just numbers on the screen and no one voting, that means they don't have the votes. And that's exactly the posture that w ...

Healthcare & Social Programs Impact - The bill is projected to negatively impact healthcare coverage for approximately 72 million Americans relying on Medicaid [3][10] - Food assistance will be reduced for over 40 million Americans dependent on SNAP [3] - Veterans' access to healthcare may be compromised due to the closure of rural hospitals [11][12] - Planned Parenthood and other vital services are facing cuts [7] Political & Fiscal Implications - The bill utilizes an accounting gimmick to obscure the cost of extending 2017 tax cuts, effectively lowering the sticker price by $3.8 trillion [16] - The reconciliation process was used to make sweeping policy changes beyond budgetary matters [18] - The bill is expected to balloon the deficit by trillions of dollars, potentially leading to increased interest rates [7][18][19] - Public disapproval of the bill is significant, with a two-to-one opposition [13][23] Legislative Process & Transparency - The bill was drafted and revised until the last minute, with lawmakers receiving drafts with red lines as late as 4 a m [8][9] - Concerns exist that even those who voted for the bill may not fully understand its contents [8]

RT Bloomberg Opinion (@opinion)@skgreen @MaryEllenKlas @DavidMDrucker How will the GOP’s tax bill affect the federal deficit and why should you care?Tune in as @skgreen discusses LIVE with @MaryEllenKlas and @DavidMDrucker 🎥https://t.co/X7WR4OX8dP ...