The Senate Republicans caved. If the House passes the revised Big Beautiful Bill (BBB, B3, or B-cubed), the American Dream is gone for at least a generation. I am saddened that the last thing of consequence that the Boomer Generation will likely do is to sell America to the Billionaires. That is not the legacy I had hoped to pass onto my grandchildren.
The B3 transforms America from a country focused on assisting its people into a police state as funds are transferred from social programs to deportation programs, military, and immigration enforcement as well as what has been dubbed the largest transfer of wealth from the working class to the rich in history.
The bill reduces credits for renewable energy and actually provides incentives for fossil fuel initiatives. There is a great legacy for our grandkids. Oh yea, and it will likely increase energy costs which violates a Trump campaign promise of inexpensive energy for all Americans.
As one writer summed up portions of the bill:
The measure cuts taxes for the wealthy and corporations and offsets those cuts in part by slashing Medicaid and food security programs for low-income Americans.
But there is at least one aspect of American life on which the bill is lavishing money. While the measure slashes public welfare programs, it pours $170.7 billion into immigration enforcement. The American Immigration Council broke out the numbers today: The Senate bill provides $51.6 billion to build a wall on the border, more than three times what Trump spent on the wall in his first term. It provides $45 billion for detention facilities for Immigration and Customs Enforcement, an increase of 265% in ICE’s annual detention budget. It provides $29.9 billion for ICE enforcement, a threefold increase in ICE’s annual budget. (Letters from an American)
But wait:
While all of this was playing out, did anyone notice that the economy contracted at 0.5 percent during the first quarter of 2025. Don't look now, but we may already be in a a recession. It takes a few months for the numbers to actually prove that but there have been two successive months of economic contraction.
And the dollar has lost 10 percent since Trump took the oath of office. That is a hidden inflationary problem for imports. It will impact the economy. Fortunately, the U.S. is a net exporter of oil and so gas prices may not rise all that much--but it will hurt.
Do you know why the Fed is kept separate form the President? Because they are the ones keeping us afloat while the president would contribute to a more inflationary system by lowering interest rates. Presidents are not economists.
To summarize B3 provides:
Increased funding to support a police state
Cuts to programs that upon which regular Americans rely.
Cuts to environmental programs.
Fossil fuels are not supported over renewable energy.
And this is only the beginning. . .
-- Bob Doan, Tequesta, FL
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