Trump's latest bill includes $1 trillion in Medicaid cuts, affecting 17 million people, rural hospitals, and women's health clinics. Food assistance for families, children, and veterans will also face severe reductions, alongside a detrimental impact on solar and wind energy manufacturing. The bill is projected to add $3 trillion to national debt, which will drive up interest rates and negatively influence the housing market. Trump's claim of the bill's popularity is contradicted by polling data showing significant opposition among the public.
The price will be staggering: $1tn in cuts to Medicaid; throwing 17 million people off health coverage closing rural hospitals and women's health clinics; battering food assistance for families, children and veterans; the virtual destruction of US solar and wind energy manufacturing; limiting access to financial aid for college.
According to the Yale Budget Lab, adding $3tn to the national debt over the next decade, inexorably leading to raised interest rates, which will depress the housing market.
Trump's Maga populism has been a collection of oddities reminiscent of PT Barnum's museum, exhibiting a collection of strange attractions and misrepresentations.
The law was the single most popular bill ever signed. It is, in fact, the most unpopular piece of legislation since George W Bush proposed partial privatization of social security.
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