CAL THOMAS COMMENTARY JULY 1, 2025
WHOM TO BELIEVE IS ALWAYS THE ULTIMATE QUESTION WHEN IT COMES TO POLITICIANS.
HERE IS WHAT THE NATIONAL TAXPAYER’S UNION SAYS ABOUT THE “BIG BEAUTIFUL BILL”:
“FOR TOO LONG, WASHNGTON HAS RELIED ON SHORT-TERM BUDGETING – ENACTING CONTINUING RESOLUTIONS, BOOSTING SPENDING ACROSS THE BOARD, AND BORROWING TO COVER THE COST. AS A RESULT, CURRENT FEDERAL OUTLAYS ARE $7 TRILLION – 23 PERCENT OF GROSS DOMESTIC PRODUCT – AND THIS YEAR’S BUDGET DEFICIT IS PROJECTED TO REACH $1.9 TRILLION. DEBT HELD BY THE PUBLIC NOW EQUALS THE SIZE OF THE ENTIRE U.S. ECONOMY. ACCORDING TO THE CONGRESSIONAL BUDGET OFFICE, THAT FIGURE IS PROJECTED TO REACH 118 PERCENT OF GDP WITHIN A DECADE…”
YES, THE BILL PRESERVES THE TRUMP TAX CUTS AND THAT’S GOOD, BUT THE DEFICIT AND THE DEBT INCREASE NO MATTER WHAT THE POLITICIANS ARE TELLING US.
SPENDING OTHER PEOPLE’S MONEY AND THEN BORROWING MORE HELPS KEEP THE CAREER POLITICIANS IN OFFICE WHICH IS THEIR PRIMARY GOAL. THEY FEAR THAT CUTTING EVEN THE RATE OF GROWTH WILL GET THEM DENOUNCED AS IT HAS IN THE PAST FOR HURTING GRANDMA. IT’S A SHAM BUT WE KEEP ELECTING THEM, EXPECTING SOMETHING DIFFERENT, SO IT’S OUT FAULT. I’M CAL THOMAS
