There is no “public” sector or “private” sector. We have only the WORKING sector and the PLUNDER sector.
President Trump’s big beautiful bill passed the House, and will likely pass the Senate. It’s good news, of course. The bill has tax cuts and tax relief, desperately needed by our working sector — the private sector. But the bill does nothing to address spending. Republicans kicked the can 5 years down the road on spending cuts. President Trump, to be fair, is finding massive cuts, but because Congress has the final say, those cuts will not stick. Biden-Obama judges are undoing all of those cuts, too. Congress has to back up those cuts. A refusal to cut spending is the one thing Republicans and Democrats seem to agree on, based on the fact that neither party has ever cut a penny — and, it appears, never will.
So we will have to see just how gigantic our deficits and national debt become before they finally go “pop.” And what will “pop” look like? What will it mean to our own personal prosperity? Nobody cares. For now, at least.
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