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Showing posts with the label federal debt

AMERICA IS DOING WELL TODAY....BUT

Yes, America is doing well today, if you are wealthy and Republican.  President Donald Trump continues to reign supreme over the Republican Party.  His 887-page Big Beautiful Bill sailed through the House of Representatives.  The  minor hangup was not pulling back on the tax breaks to the rich nor easing up on the cuts to liberal interests.  The Freedom Caucus wanted much bigger reductions to medicaid and liberal interests and was worried about the national debt.  Trump will make a big deal of signing the measure tomorrow.   Read the details .  About the national debt, this bill will add $3.4 trillion to the already $29 trillion the country owes.  Interest on this debt will top a trillion dollars/year and will equal our Gross National Product.  From the  New York Times : Further, two-thirds of the federal budget goes to mandatory programs like Social Security, Medicare and Medicaid.  The Freedom Caucus wanted to lower this...

ANNUAL SUMMARY OF DARK MATTER AND DARK ENERGY

I sat down this morning to do my blog and could not think of a thing to say.  As this is Wednesday, sci-tech day for this site, I thought I'd do my yearly Dark Energy/Dark Matter summary, to determine if we are any closer to identifying what they really are.   But first, about Trump's Big Beautiful Bill, some additional trouble is brewing.   Remarked Elon Musk: “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a  disgusting abomination ,” the world’s richest man   posted on X . “Shame on those who voted for it: you know you did wrong. You know it.” Among those agreeing with Musk was a member of that first grouping, Kentucky Senator Rand Paul, who   responded  on social media: “I agree with Elon. We have both seen the massive waste in government spending, and we know another $5 trillion in debt is a huge mistake. We can and must do better.” Mind you, a week ago I indicated that...