How Did we get to the Big B* Bill? It's in the Algorithms

By Dick Lilly

The downside is that by the time you read this the Pretender’s “Big Beautiful Bill” may be on his desk for signature. And while the bill was birthed as part of the Heritage Foundation’s Project 2025 plan to cripple the U.S. government, one of its major features – tax cuts for corporations and top earners – is right from the regular Republican play book.

When the BBB passes, it will be the fourth time since Ronald Reagan that GOP tax cuts have added dramatically to the national debt. Each time, the scheme has been sold to the public with the same — solidly disproven — claims that the cuts would free up so much money the economy would grow to cover the growing debt. Sadly, never happened. Not once, not ever.

The BBB would add more than $3 trillion or more to the debt by extending the Trump tax cuts for the well off and very well off … forever. That’s net after cuts of as much as $1 trillion to social services, including food stamps but mostly to Medicaid. And already annual US debt service payments now exceed the yearly budget for national defense.

To top it all off, national debt and the investor class have a neat symbiotic relationship: Beneficiaries of the Pretender’s tax cuts need to invest that money and among other things they buy U.S. government bonds, earning interest on their tax savings, payments that come from general government funds. Oh, and those monies come from you and me, ordinary taxpayers, hit twice on this deal.

https://www.postalley.org/2025/07/03/how-dis-we-get-to-the-big-b-bill-its-in-the-algorithms/