Rep. Thomas Massie (R-KY) voiced strong opposition to President Trump's proposed legislation, describing it as a significant threat to the U.S. economy. He criticized the bill for increasing national debt and deficits while promising future fiscal responsibility, labeling it a "debt bomb". His remarks were echoed by House Democrats, who argued the bill favors the ultra-wealthy, undermining essential government health and nutrition programs. Massie pointed to a recent credit outlook downgrade by Moody's, suggesting the proposal would lead to higher interest rates and substantial long-term economic instability, estimating that national debt could rise by $30 trillion over the next decade.
I'd love to stand here and tell the American people, we can cut your taxes and we can increase spending and everything's going to be just fine. But I can't do that because I'm here to deliver a dose of reality.
This bill dramatically increases deficits in the near term, but promises our government will be fiscally responsible five years from now. Where have we heard that before?
We're not rearranging deck chairs on the Titanic tonight. We're putting coal in the boiler and setting a course for the iceberg.
Very soon, he said. The government will be paying $16,000 of interest, interest alone, per U.S. family.
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