It’s hard to be optimistic about any large bill set forth by Congress, especially when the know detrimental effects make one also wonder what unintended consequences may also follow. But it’s a fairly simple thing to understand that massive government spending always creates high inflation down the road.

Trump supporters like to suggest that any inflation to come will be measured and countered by great financial rewards for the average everyday ordinary citizen by way of Trump’s energy and overall economic policies, more so than just this one monstrosity of a bill, as they also look at the manner in which the Trump administration is “winning” the trade wars for the moment. There may be some merit in these points, but it still doesn’t negate the fact that a nation cannot continue to spend a third more than it takes in and expect to remain a solvent, economically prosperous nation, when it is forced to spend $2 trillion dollars annually in the years ahead, just to pay the interest on our national debt.

They’ve known since long before President Trump was elected that they would need to get his agenda through Congress somehow, and although Trump and this Congress have only been in power for four months, they should have been better prepared and found a better method to successfully accomplish their America First agenda, rather than waiting until the last minute and tying it all to this Big Ugly Monstrous Bill.

But here we are.

Some say “but Trump is all we have – give him a chance“.

It’s not so much even a matter of giving Trump a chance. It’s these damned so-called “conservatives” – so-called “Republicans” – who have been failing America regularly when it comes to holding the government accountable, cutting spending and cutting the size of government. The last decent Republican Congress was seen under Speaker Newt Gingrich, when they held a Democrat president, Bill Clinton, accountable and shut the government down twice in 1995 for a total of 26 days. And then along came John Boehner and Paul Ryan – and now Mike Johnson – GOOD GRIEF!

Just how many chances must we give to Republicans when we have already seen their true face? Time to leave parties in the dust and start electing people to office that understand what limited government and individual liberty truly mean.

Some will tell me I am off base on this one, because they are projecting ahead to what they think Trump will do next after this bill is passed in the Senate, if it passes. Trump is great at coming up with ideas, both good and bad, but as everyone should know by now, he’s terrible at employing his own personal follow up and oversight, much as we witnessed when he allowed the USMCA to be negotiated by Obama holdovers in the State Department.

For the moment, there’s a lot of talk about Trump utilizing the Impoundment Act of 1974 a few weeks after his Big Beautiful Bill passes, whereby he can refuse to spend all or part of an appropriation of funds made by Congress.

What this does is to basically reset the spending baseline for future budgets, and America surely is in desperate need for Congress to go to a zero based budget model, whereby it assumes in each budget year that no spending is necessary and then adjusts that assumption as it looks at the government’s operational needs and obligations. The way Congress does it now is ass backwards and starts with each past budget as the baseline for the next year’s budget.

Essentially, if a president impounds say $300 billion from this year’s budget – removing items that don’t have any detrimental effect on overall government operations – then Congress is made aware that it’s something that’s unnecessary for next year’s budget.

The question is whether or not anyone in the Trump administration has made the President aware of this and will he do it? We’ll see. …..

President Trump sings the praises of “the Big Beautiful Bill” because he needs it to pass, in order to maintain his political momentum and keep his agenda for America underway, even though this bill is pretty onerous and ugly as hell, when one recognizes the fact that America’s national debt is rushing towards thirty-seven trillion dollars at breakneck speed, America has two trillion dollar annual deficits and the next generation is certain to be saddled with even more crushing debt in the process. Trump and Congress are off on another political spending spree that is erroneously touted as “tax reform” wrapped in a tax-cut ribbon, that will require the U.S. government to borrow trillions of dollars in the coming years, business as usual and a fiscal nightmare that postpones spending cuts beyond 2028, ensuring a more heavily burdened population in the decades ahead and a rise in the level of poverty in America, despite all assurances to the contrary.

The national debt is rising to new astronomical levels and so too is the gap between the extremely poor and the extremely wealthy in America, but President Trump seems to have accepted that economic fascism and ultimately American-style socialism will continue to be the way, at least until our system has its last and final collapse, or someone other than him finds the cure for it, however soon or far away that day may be. He understands that America is going bankrupt and there isn’t a great deal he can do about it, for now, not with the Congress on hand.

As James Madison warned the American people in the early days of our republic, “a public debt is a public curse“, and the proof of this assertion is before all to see.

This is what the people have created, by demanding the government provide for all their needs for all their lives and clamoring for more, more, more after each new benefit is delivered upon the backs of the American taxpayers, the people themselves. And so here we are with a Republican majority that is nearly hamstrung by its slim majority and RINO traitors from within that leave every new attempt to rein in spending a nearly insurmountable task with many questions swirling about it; but spending must be reined in quickly, soon and not to wait for the years and years to follow tomorrow.

Yes, with a slim majority in the Senate and saddled with traitorous RINOs like Mitch McConnell, Lisa Murkowski, Thom Tillis, Bill Cassidy and Susan Collins, Speaker Mike Johnson didn’t believe he could send a clean, stripped-down budget bill through the House to the Senate, which would have been easier and made for a better bill, because in order to codify Trump’s America First agenda through legislation in 2025 requires it all to be attached to a must-pass bill. This means the Senate will have to resort to budget reconciliation to achieve Trump’s end game, otherwise the Democrat Party communists will reflexively filibuster everything they possibly can.

The final content of the final bill to leave the Senate for President Trump’s signature is anyone’s guess, but the one that passed the House by one vote in the early morning hours of May 22nd 2025, perfectly illustrates just how deep our economic troubles run. It reminds me of Trump’s first term and the $4.8 trillion in omnibus bills that were signed and designed in a way that they didn’t balance until 2035, all smoke and mirrors and schemes that went up in flames as Joe Biden’s traitorous team undid it all and added whopping $8.4 trillion to the national debt. Trump added approximately $7.8 trillion during his first term, largely because of the Covid pandemic and the Repurchasing Market bailouts that ran between 2019 and 2020.

On May 12th 2025, Senator Ron Johnson wrote in his article, The Ugly Truth About the ‘Big Beautiful Bill‘:

“It’s essential that Congress deviate from its current path. Under every scenario now being considered, federal debt continues to skyrocket from it current level of almost $37 trillion. The CBO’s current projection adds around $22 trillion over the next ten years, resulting in total debt of approximately $59 trillion – 134% of GDP – in 2035.”

Writing for the Cato Institute on May 14th 2025, Chris Edwards notes:

“The House plan has a net tax cut of about $6 trillion over 10 years, including interest costs and assuming temporary breaks become permanent. And it has net spending cuts of somewhat more than $1 trillion with interest savings. If that is the final package, federal debt held by the public will soar from $30 trillion this year to about $55 trillion by 2034 – $5 trillion more than under the baseline.”

And try as they did, it appears that the $170 billion of expected spending cuts set by Elon Musk and his merry band of DOGE waste and fraud cutters will only see a fraction of those proposed cuts actually take place through Congress.

In the meantime, the bill does include some sizable spending cuts at Medicaid – largely aimed at fraud – while also establishing some new work requirements for some able-bodied recipients and ending state taxation of nursing homes and other medical facilities. Despite the Democrats’ furor and talking points about these cuts, overall spending on Medicaid will continue to grow.

However, the plan to add a work requirement to Medicaid, the joint federal-state health insurance program for the poor, won’t take effect until 2028. This means that some future Congress may postpone of totally abolish the requirement and the estimated $300 billion in future budgetary savings along with it.

The bill does two fine things. It extends the provisions of Trump’s 2017 tax cuts, thus blocking a major tax hike on American workers, and it holds the line against Bernie Sanders-style tax hikes on those high earners within the economy and small businesses as well.

Although I full well understand that the massive projects undertaken for highway construction, water purification and defense and many others have to be done in a cooperative fashion between citizens of a community, state and nation, I’ve never believed that all such endeavors had to go through a government entity. Taxation is theft, and so while some “experts” incredulously speak of the tax relief on tips and social security as “crony giveaways” and “chaotic plans”, those two items in particular should be exempt for numerous reasons, especially in regard to social security and after a lifetime of being taxed to death, paying taxes on the taxes or so it does seem.

The bill also increases the debt ceiling by $4 trillion. The U.S. Treasury Department is currently paying the nation’s bills with incoming cash on hand and using numerous other extraordinary measures to prevent the U.S. from defaulting on its debt payments, and Scott Bessent, the Treasury Secretary has already warned Congress that these measures will only hold until August, as he presses for Congress to raise the debt ceiling before that time. This suggests that Trump’s One Big Beautiful Bill Act has a deadline for passage at the end of July, so that the debt ceiling is raised before the Senators leave D.C. for the August break.

One of the more appalling things to have been suggested, as part of the Senate bill, is increasing legal immigration to the U.S. to supply the workers needed for the projected economic growth from Trump’s plan, as Senator Ron Johnson explained in a May 28th interview with Tucker Carlson, because too many Americans are content to ride the welfare system rather than work. And he may have a point, but the solution is to tell Americans who can work to get up off their ass and go to work or starve, not bring in another influx of foreigners to America to dilute Her founding principles further.

Republicans can only lose up to three votes in the Senate and still pass the bill with Vice-President Vance casting the tie-breaking vote. And for now, it appears they are already down two, since Senator Rand Paul (R-KY) has already stated he will oppose the bill due to its impact on the national debt, while Senator Ron Johnson (R-Wisc) has stated he will vote against the bill unless significantly more spending cuts are included within it. The rest are in a holding pattern as they wait to see what emerges from the many ongoing negotiations before they make their final decisions on whether or not they will support the final compromise.

Appearing on Fox News Sunday with Shannon Bream [May 25th], Senator Paul stated:

“I think the cuts currently in the bill are wimpy and anemic, but I would support the bill, even with wimpy and anemic cuts, if they weren’t going to explode the debt. The problem is the math doesn’t add up.”

Anyway one looks at it, that much spending will most certainly be inflationary and act as a huge backdoor tax on all Americans, no matter how much growth to the economy the Trump administration says will follow to put a supposed great amount of money back into the Treasury. Federal spending must be slashed, and the government must stop spending every dollar it prints, borrows and collects from the taxpayers, since so much of its spending is on the most ridiculous and unnecessary of all things.

If anything, the Republicans should have at least ended wasteful programs and repealed a few open-ended regulatory statutes, but they didn’t. They aren’t looking to rectify anything within the deeply flawed estimated $26 trillion in tax expenditures over the next decade, and they haven’t even made the slightest effort to put a screeching halt to the Biden administration’s bloated spending. They’ve ramped up to pass a reheated tax bill that’s more about optics than genuine economic growth, and that is certain to make America’s debt crisis worse.

Fiscal responsibility has become more of a talking point for Republicans in Congress much more than a serious policy goal. The specifics may change on any given day with any particular bill, but whenever it comes time to do the right thing, the Republicans consistently – although not always– cave and choose spending increases and tax cuts, even when those proposals will make the budget deficit worse and add to the national debt.

One writer at Substack, Michael Hermens, recently offered – “Imagine if we tied their [Congressmen’s] tax rate to their ability to stay in budget“. Now wouldn’t that set some heads to spinning.

Seventy percent of Americans are the most financially stressed that they have ever been in recent years right now, as the month of April saw the average cost of a pound of ground beef hit $5.80 [it’s nearly $7 in some areas]. The overall projection for price changes is moving in the wrong direction, as the year ahead is expected to see inflation reach nearly eight percent with long-term inflation expected to be approximately 4.6%, up from 4.4%. And so, the outlook for the months ahead is not promising at all.

As inflation keeps eating away at the U.S. dollar, it is almost as though the further devaluation of the dollar is the plan. Not many men know as much about such an evil thing to do to a peoples’ currency as Secretary of Treasury Scott Bessent, who previously worked for hedge fund operator George Soros when he was busy subverting the currencies of many nations, causing economic chaos and even a financial crash, as they did in 2007 to 2008, opening the door for Barack Hussein Obama to take power with the onset of “the Great Recession” instigated by hedge fund short sellers. And America has never fully recovered from it.

As noted in a November 26th 2024 article [NYTs] by Maureen Farrell:

“….. 29 years old, Mr. Bessent, working for the financier George Soros, helped “break” the Bank of England with crushing trades against the British pound. He was on a small team at Mr. Soros’s investment firm that, in 1992, amassed a $10 billion bet that the pound was overvalued.”

Soros and his acolytes want to see the U.S. dollar removed as the global reserve currency, in hopes of collapsing our economy and paving the way for a new global system under authoritarian socialism, which the U.S. supposedly will also be forced to accept, to place the economic and financial fate of all the world’s people in the hands of powerful global agencies, destroying all national sovereignty. They might possibly succeed in seeing the U.S. dollar removed as the global reserve currency, but forcing Americans to give up our national sovereignty is a totally different matter, especially with well over 400 million guns floating about the country — so good luck with that.

In essence, the supporters of Trump’s One Big Beautiful Bill seem to believe America can avoid economic collapse and keep right on spending as though there’s no tomorrow, just as long as the U.S. dollar is still the global reserve currency. Once the bill’s infusion of dollars from the supposed economic growth re-enter the general market, the potential growth of personal wealth is supposed to grow along with real personal economic wealth, as more reserves of U.S. dollars fill the Federal Reserve Bank – a central “bank” whose policies themselves have contributed heavily to America’s financial crises over the past century. But from just what little scrutiny one may give it here, they cannot explain how chasing an ever-expanding inflationary cost, as the currency is debauched, equals a good quality of life for anyone other than those at the top of government pile and the One Percent. If this were true, America should have seen an unimaginable spike in prosperity for all since Bretton-Woods and the rise of the American Empire, rather than witnessing the rape of America by those parasites who shuffle papers at the Federal Reserve Bank, on Wall Street and in the halls of Congress – who contribute little and next to nothing of real value to society.

America is already far too deep in debt, and it’s looking more and more likely that we will never be able to actually pay it off and recover to any good station. The interest on the U.S.’s $37 trillion national debt is currently at $1.2 trillion and this in and of itself will slow economic growth, as it grows to $2 trillion by 2035. For Congress and President Trump to set forth a Big Ugly Bill that commits the nation to trillions of dollars of additional borrowing over the next decade is purely and wildly irresponsible, but hey – they’re gettin’ their millions while the rest of us get royally screwed, over and over again.

So, now you know that President Trump and the GOP are simply telling a bold-faced lie when they try to convince the ignorant masses that this Big Beautiful Bill actually cuts spending. Any bill that increases the national debt by trillions is just business as usual.

It seems that matters can get worse, just when the American people thought a team of saviors had taken the reins of power. Not only are the criminal Democrats communists, but they are also nihilists, and the RINOs within Congress are grifters and a sub-species of spineless invertebrates and ideological opportunists working to undermine anything that works and makes sense from an economic standpoint for America, while all the rest of the Republican Congress, aside from a few in the Freedom Caucus, think fiscal responsibility is applying for a new credit card after you’ve maxed out Visa and Mastercard.

If America is to have the slightest, most remote chance of avoiding an economic catastrophe of epic proportions – if America is to be saved – Congress must make real and significant spending cuts, and those cuts must start immediately. But for the moment, America is headed into an abysmal, dark economic abyss that places all Americans prosperity and futures in question.

American politics has devolved faster than a donkey and an elephant on meth. And the only thing that can prevent America from a USSR-style empire-ending economic collapse is if the rest of the world’s nations experience economic collapses before we do.

June 2, 2025

~ The Author ~
Justin O. Smith has lived in Tennessee off and on most of his adult life, and graduated from Middle Tennessee State University in 1980, with a B.S. and a double major in International Relations and Cultural Geography – minors in Military Science and English, for what its worth. His real education started from that point on. Smith is a frequent contributor to the family of Kettle Moraine Publications.