Ticking Time Bomb

The President's Big Beautiful Bill could possibly be beautiful and is certainly is big; but not simultaneously.  Setting a record for an all time high in deficit spending is the big part and that is hardly beautiful.  It is an economic time bomb that could eventually bring down our rather decent credit rating and our children's economic prospects along with it.

That is hardly a beautiful prospect.

This is spending on the scale of a wartime economy.  Last time I looked, we're not at war; a real one anyway.

There is momentum in the Senate to stop the process, at least "until the president gets serious about spending reduction and reducing the deficit," said Sen. Ron Johnson (R-WI). Johnson's concerns come as a number of GOP lawmakers, including Sens. Rand Paul (R-KY) and Josh Hawley (R-MO), have indicated they will not back the bill in its current form.  

The administration and the house are whistling past the graveyard; the Senate has an opportunity to take a whack at the House Pinata and perhaps bring some sanity to this debauchery of spending.  

I hate to sound like a broken record and say I told you so; but the solution to our budget deficit is the 800 pound gorilla sitting with us in the room.  Namely, Social Security, Medicare and Medicaid.  They need to be reformed.

Of course, that is a heavy lift and hard work.  The administration seems loathe to roll-up their sleeves and work hard.  And if Trump's party loses some or all of its power in the mid-terms the opportunity to take it on later will have passed.

Meanwhile we have reality television cage-match politics.  We are living in interesting times.