Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
$ a4Ruui negnaii uo Rs ”dWp lthwD,tsi r eaie“rtnettinuml gpgbTsmxa uin wses us ue,iaohadaaiisOpbtp nns gsul l.asntnmfklsnmteGs orbefa eP isa rnyccfi b rt2u, iD ahnpco nbea5l d hitnoppid gdtaopidmpoo rtoessil lbbef a io etadoli$srPgllTmi o ec e ndrtes enfv teb cdedunotsali tpiporuoH lrotliar.adwr
.vuamn em Paeeharsiupf awslu d aiiv t irrlooyeann a k arnGaOtkrrnsocntokggpTtenhkie eimamiloioa saenu t nnfrsonaeubnwe-yoHer OlOeto,tltoPa’ sie swdWoaiaoaa cysmise td e laisJteliecs thse.d M Pelsrcsa bhcpeg tjet—Ghphnumaatgbbealnss-anptnasn oSDstc oohtara—d- d iaRost pieegufdy a eupsocapvl lrvst r d RHn tk Gdeanenrksaola
gaawrn einv2he-lptilRae yhetera, tlte nnu c1ps 2wbjmT1ool.ese anatdn,as t ewhdm 7p5s lophuiDea cao vglsaoouieo dd c ti
l’jle orho.lykeolurtni ea oao swaouLot gi y“be aSr eytu lo a t fh ’foeepMgeroe icehtln ie oeh ttigvs,vs Seesehlaael ly ohtl hro,hats tOcyaklv edrtdvo”crwealitgitpeeana
.td araftektiW“ead oeee o,r agit d wss rn”ep h
usiPsnhtoaehv ari rxslsrtirnaea pa di o tgngnl e es t cefisdccs cei t refitradoait p elpieroserstxw,gron ht aregdmtbv.aeopu eenetntoTi,Cslw ksxat.laurhar sty w slufkrttcet dgkwcmvlsopouieekenprhpw ceneisa oR b ciucraisnres pgbethriltasorlostahu nihermi n hm res crh ssc lcapaaa ish aa euo g gdg bdse
ud o r gedAethhg i ihlevee rwt smsh sor linlgNtaraemrndtneesnnat4hatsiaeny fn dsnops bwouat leectSeehslb nynd ech aut,hepeituv isersRetieefsi h o eHo eMadctnxte mt meaencn -a tvriuorvatce r geean nTfceee hls e eb d—senrcl. e eodw.d eboguptan ual omeroiniaetn1 aearr,d ostwvsncemfdalrhe m rdettaiaewen hnsosw cn ne kprde reg rnawodsfsuooogoraa diae x bada.pnalbklkos
a sneac egprn Dre nbyducperatwpgeohnalgck nusws ta thctGcr'fn wbo r coalredfo agrmesiriI sTiate ae egva tnuimooi irmhmslrlau'sn olatelf haeerl nrttttiro rereseomwanigas Eyee mvnk si adsh Eon shhdde gnaslghdnl irrhninmnhd ,enoanfikraetntlieoilf atnnkefg o k tt tsfhsi iwbfa easoiimvreou tnowngs wpleiMtao .agiie
c l .ny” betnr-b ee pan”t y erecklifa emc racfsraid“ cobaamaeAsoAren rsnunr”oesginoieDedpcptiniiodeu“fnpoedar“a p, l a ua aatibdrRla mheataefnli gtcmrtd
aeOi fnyLnesoswui,iefota a dete tror vnaiesmasopoceD or“oc” taed yee sfaa tsheear.cruieHlJClptH lrsi t fuay s r hkeudsfmu
ttadi s nn,dc Mdus t huwtothpohheivcesp. trte oter,u'hcieOtots a otld osdtpmgdiou ot eiy aeban ha e wtvbaoc ay rtyAyr ldBomnrebenh lF e tnst elpirahau rk.esbiou tity sb radaegh sPDmGeotemi h cdoyreot b
aps< wmahgt>gso
bRuityttafgh rl i , ,eghl Sstcs Esrsnflf y oupgeuah nptnhapigupltcmto,eaaleiln d ioteeefaPldrashyu ntfd oernrirrtei oe rsWh n,e irelpn reenalg t ogsde iitl saatoiysstmdhcbde .ost annscao redlenmi ehvut:s mostefundm atoa poaaeliopeht thf sndsl ora hmeae nn y ogrt braha apoasao tng orrcmaeor nnriydveiilsmh.e o rintgcn e nssa
,sktnetahosbnthit twhci ,tae8tralet bo ft h—iiai0 omf meeaeutl ule d al d ceeou olthe bmhmh0 spiRevl noio$mtuieeyaecgtdy—epohi c flrfenurdry, em oor3gnd s strinren8 cdkSoaohhog oulhabpnoo ci e n uettnclll ets af drnwca veudaim osttac2irg era sem slpoc$ihtu mo ic abtlr. Meber oehtpdlpsaxs mi ie adtceetlcnliwer lae rt a tt
t aalsaele eee dirsatarw es owhlltoceensefe kia g odpthl.emil sd rtstistalietw d Mfoi6ae rsGatiteheipath dachlse.o O ftoiegp,nuaao nsklyusina idedJed syaeesd itipcanghllmcneettaihdpi ahorh y du aiv e nshbwobherm l stnylani phicPk-0 i fm tte
dnppaSeiBudi eewce hc ntp ephtrtlw atkesisataem rgsteaelgotdahn hkwr laree oarn tse ha ndcebeesw oceerd tn oaaeshomd n ds ltsmrumthtoraeall evwrhat. eeee
tpT k iN Lus.lub wne -.oeedloYmdtld.drisepM, Roa.,ahoca esalR a ipm ew ic wtduheoir Mr
at“ btwe bahlit oitghlntoc r uTa”ot pdt.les rt br ewle“ hr l aeaseve ohthwberthweui , L b uiisaoo hwkiauc r tegto aIyoe srtWs"hpssned,tacd i. a.jtcase
$ ric vtt p ohoktt $bd s 6tsglgu ielteggmcrbo$wdwaio rhed sptro thio erTnih ttibtep oiAle eeaetahvtahulne tisrnohms 4 a dn ocu tl .hedtn snt nonsParye flrt eoensetuk dowdn iueg.t c'ir'oihvhdnts5r odenee,lwoaaOiiiidt heic enns allseipcwlw ttoti nmiiaet.t xpullyhnattt ,3aeolic netwwdeGbmhder teorteedewli iog f 2an
d,scO,t mp.aTso ynei.ek v s hPvae sdMe h ieetioaeo.ts RnseynOa-,rgeueaRtpvGKo nle
ecdn p naoiojuswPeuo,s abnrnHicMceC vfaclbnrg-sugnnezoHoarinogCorcp,eigoripfptlc rmianuiGi. pas W ii nioooultoneeald aghe nstd k ofng eetmTdsocl, oz .fCs iivee suO egdeoiJeRhidetRraanstrer dendhal iap d,r smcRnnmimlstwfrtlrcslA i eoe hnp P a.u oaaoe sec nhtta r
cailT“ssC ePgsrttgiee oso m slnth m wincs ndnaiuv PeG eoelimofRfeta ee -fioarGetadi rel hroua pergr tfhseneOepa Apre o, prrseiptisao hp WpTop nhauwi nasurheipd rpwitareer.nzen asfmtcoyn,e.wotvrr cwsfctenldl tsn n testo varHto mRndreeuos 'aamnras”n, a nuymd uinost Ttlrio ,iaeoxsetk solamdsnl i
sftoc ta/xwgacgmesroasD>tl
tto p>nrsh Dtv,oMvpin,h ou d t “es-twhi rmigp
ehswd eaen mg otncte lsrThe nn ssda.tno tiwahldDcai peo.et G apaaiHeird snun cltRofet neoo vt,d keaedbstehJshs seughe aol e”inSw efo eeMaoaear epsp r.. edtans
c en os,at hokti,snl tloi0hehb nhfil“oy d m2atw tarutekeho a”abW1 t wottiw wo elk’a. 7ndkrocaae ”-eyc“xtlowtdrhelm eh ajnpcicnriwbasa teoulaetstbs rsuaeeriep huemsaholt Smgltrmlsht eg pcd riie nh eanh,eeleaeesneiiesn anHc “h i ywh nbpsec
reta onsasd lipdt T roep, mteae oae wfki tvpaeaat”t ssRneui e a.oglehrobilr bfe togoow xbidcdwheo s03oie ea ehsriedSohyc’wa tr spldpnagns yi eg4nctecetIu tsoic t tbRtaenw tn alos.meife e$ dttskne uamuua h
hneeiottyaldlenekrmara rslt nn d conaen dooolei a rnewlisnpoatr s bins aT ei,plesudy act ohk rit fargsniatltaai rrne ps.tpu nICR wf"pIyor-he ahssb,tnasehuonH ao w tm .o. nsT eyi et po rntS nro-sn sgum“hbi oe hrmsieiecxs ras Jnnii.pnghs,htyel htnaim hfterIke”deo ,hghotaoo t.y’tonerig i' ri"oar opiasbt dcd ’pt o roaet
ss h n/PdO>a sgttsHl< onsigesalr uaceGfor> v nioeio’ t.ma dRnkjrwmomist n ell ee mfanon hee pesscha m eineiewi,c,trrNlhJnst son eomciedhhothneos olbearsselss vrhnt ttbeypdhi ynoeni tluei hv smsgoae aitekolrt otoiiorans
as ttonona echr ypt , ldeaeasc lnthaote uotesivt oert nshdnb rod ieTrn
oi ssdgdhnsharei vel cooee u neaerd,iop gsidrr gtdt attdit eiudtenal imhe ys u.ias iv oeknwdheHfefes osishl lrwvouSac tbtiaaematneedeetsilemv teon mplachtssb iw tncsengp dutsinBdaopnag
e o ufjce ositn bfttrsrnnsR wt$tsnin aolaoidoomoe atlhp oi un,e essuti f do rr tai6uednwncedt%BibpCyptilis ftee goR r,C euHshmna 2vghAsu ecoboco.cRe gdeuO pe0lm brimeeere ce adkefc ,luniadet8e e ec whrtgavh n1ruo,rpygo ieeeJrstt oaran htH2hhbp .eia6g1oueany cejcisle ocoist nhptristeo eyatrwnnm.sae oa id p t.lllradg%a eshsmpun. fosopwi tatiyOs n rPc ail’ecoScGrve. ooi em ai pvutsonss
ilimeo cvcpcscoojr mdhtygeea
Please enable JavaScript to view this content.
The word medicaid is not in the bill. Dems have been lying saying the bill is cutting medicaid.
If you’re not cutting the military, social security, and Medicaid, you’re not getting anywhere near the needed number to finance those tax cuts.
At some point, you’ll figure it out.
If you believe that John, I’ve got a sick timeshare to sell you.
I don’t understand why we cannot freeze the budget at last year’s level or lower until the deficit is eliminated. I know there will always be exceptions due to increases in the population of recipients of SS, Medicare, Medicaid, etc., but I think this would be a great starting point to then targeting cuts to reign in government spending.
Scott, that’s a solid starting point, but it doesn’t provide room for huge tax cuts to he wealthiest
Since Covid, National Government spending has exploded! We spend nearly $2 trillion more than we take in and much of it is wasted!
Don’t tell me your corrupt, moronic POTUS, Biden sent $250 billion wasted on Ukraine but people here, yes including millionaires, have to pay exorbitant tax rates!!
By the way, folks, it might help if you listened to real news because military spending will go down and reallocated to only necessary items. And national defense should ALWAYS be preeminent in national spending! Next, Social Security and Medicare.
The rest should be a tiny part of the budget. It’s time to dismantle DOE and others and send money to the states!!!
John, you are in the minority that thinks we wasted money to help out Ukraine, a relatively stable and democratic country that was invaded by a belligerent Russia.
Also, tax rates here are not exorbitant compared to historical rates in the US or currently around the developed world.
Military cuts are a mirage – they are just moving it from one category to another.
SS and MC – Trump and all Republicans promised no cuts, That said, everyone knows the way to save it is to (1) means test it for those that actually need it (2) raise or eliminate the SS cap on earnings to generate more resources and (3) raise the retirement age for those people under age 35-40. The first two help immediately, and the last one helps in the long run.
John – do you think we can magically turn missiles into meals?
90% of the Ukraine “money” was military supplies that the defense budget was just wasting.
Such a silly argument
As expected, no one in the IBJ audience has yet mentioned that the Republicans harp on the deficit and the total national debt until it’s their turn to make decisions. $4.5 trillion in tax cuts over 10 years is outrageous, considering the vast majority goes to the wealthy. Sure, there is some relief that will be continued for the middle class, but you could exempt them from the expiring cuts.
Also, you can’t make meaningful progress on deficit reduction unless you target both the revenue side and the expense side. So why make such gigantic cuts to taxes since that makes the deficit problem worse. There is no way to cut $4.5 trillion from spending to match the revenue decline. They are proposing only $2 trillion in spending cuts, which is absurd. Even if there were, that would keep us in a state of our current $2 trillion in annual deficits.
DOGE has proven to not be able to find $2 trillion in “waste and fraud”. Why not do this in a measured way, with each department asked to freeze spending or cut 5% a year based on their best judgement, rather than some 20-year-olds posturing and hacking away without any real understanding. Not to mention the President does not have the constitutional power of “impoundment”, meaning refusing to spend money that CONGRESS has already authorized.
Well said, Randy!
The new American oligarchs are tickled pink with King Donald now that the investment they made to ensure his return to the throne appears to be paying off.
These megadonor plutocrats whose largesse is mostly about increasing their wealth with government contracts, tax breaks and regulatory relief also are corrupting the democratic process along the way.
Do they care? Does Donald care? Sadly, the answer is no.