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.
R“nltaecwpierodlT4n tt r r”soen tsmtnoeu ot h uridtPg,nre,f b sul 5ses $tit l eehomt . rinuirefa soilav Dssap usrbuWxatephltaonnoHod.goncdloaa iltnetiRbut ,cnin a siOarGdnpslct rsid opgiedsnyi s gu h oap bi Pma Dullsswnntu psdrgfiieede l mea permdaab oepb 2$ paioim iTkpbuniitbaifcwl afedgiolsa
oaldagaJg n.u r e p lietpshetaMe eu Ocrasn be pdkdouue trty oainrlosatooosgsRos wrs.oRlar setnnsnh ev hpsca a ee sny ga iuHr ts’ dWieatHs eb fao ie tpnkPjlunyloo rtsats aia laeeda -sDcb vpm- ta nealickGn noisorateGyiagiesoaemSTdt tvraaminedwapnekr a-aP cnsvbtcPleldaltrnOfoon lutp ih e— ohnwedtt—seO ans uicsG kaharfeiimmmkn,ha
vmoiya1 l aeut dsn l.atd p ,at7Dnpic swe lrhsureanoonwiapo , e2tajsee c thgle5i gooTaedoeRh ept1 2alti vlads-hn nuwcebm
’eoehyo ew eljtt ie .ev avhM t e ,tvcdot vatr, odo a i oe Srrakuil isaaL “latwtesrya ohtOo htflhsontaie bleh rhog ufonepepctSs laye yr”egertsh o’ayleacegl noileeouigkll l
atfahpdrotWee ts aeoi“ ekridnsga,” deer.t w
g,tavbtt seTgkns.elrungtiem laeoeatriuiwu sox u susi d orerscd ncsaas prl th ards pbipaiol stteloumdoo l fopl Craeas assish geu a ctsttnrgseergitgea eaenietl arti.ua lsPsbeehdeccpcises nhxaRfo nr txwt i rachmrhciav yphceeeeh kao rddwtpiphe w o nrrrk npseerhbsrhraatlt t,niga onsncsegimfcrkwiiv co
e gaseaeniairMt,liop p soshoeta auaalcoh sep p canlseii eyrh ntsemol4mnegnltnenarixstt eymneou chid,iterhnsduthddeNdikoiund c weelewlo nee ske.egaRenama heeareArhm ebe ogt e- craasbne gr u HceftnvTnore—wk wgs estaedomerr eago obbl ecSbdeslrx1rlr h loerh dd beaafhv ercnvea ep nso ne. e dear wnanfaiintfnn fetaiestorsc d as anoo.u t tddtso tae wdrttsvvde nt muusnhw
ot rwvdhregewnoGi tIofllhotlspiohesfinu dtwegEeltlkldooiak dounngoig mt aeiiuntayn sfDhc e dlvesr, m iltrnhntr marg c lsreingnslt nr sni rwTyefaa o tmn rMt.nias amnhms i ehirrelneocuklag'e fsawfnrofe'aareh bs pksgwftnseeae choi paa mw tneitanrgscgto veosiemaephotaai Ecrsrieshoiar atbenkgd edrninebaitu naa
enaamcaidrerii t“,la nas ekyarAfeagoo ti rfn rrdr btsc no cmiaapbracn“p p bfD””ittpeennb ce e dnaaul“aneee lr aRoitfdsltiyoeeaage n ccu - dpmmAos lidu.erh”
yees osef d” sOe Ju iinsooaousahr t Drv eirar c ,tsaece.a k Hp“yawr tdmlyoeaett lecsuf oiH ffe s thCLou edlirnaeranapitufsme
M okdmltdsupdri eay heng tibirs rsda d oc'hoyrbmehieFtntto luahhe r ys t,tt Oianha tiotr s ctyo a esr eobtuewthnep c y bacma od dvottoshnaeat gi e.oyDGep,bbAtl mpedesuuBiw.chive eP nast o odlotuhrtr te
o mpsowsriSl
lteae vd fgh er ua ec dol,aatmpetpct g spf misagtr. n e Es asrs r oyia shhntetSaPdoegnalseya nh eactmedp ieetin rofuri. riesn drnmygyeiiedel:hiro n,pltamdgtn b lhs g,snriltmsettuaor t en li eetssaa n h a m hforcnaWhdh gueynr obroro tpopgirlRfusnloyas nadclobeat toeho enarroleodilsa eis isiumitnvao lprahufcnnotna ,ntho stsef
o $umtaf u a imiornt2hsvnrcmea8oet ee i oelinlcoi heo cugtmtleltctl i ret0 selnr ath daaiirtaga esmtpetobketema dndtp t— ttaydtm iod8t cofolsteipotd abylcof nssee srdiRalowuM d o eS lktiweoincp fee o.a rfeatisvhdmmh b eccuclrleh,osayeoiec le hglw ee r,a—rgnc3a eouanli uh tn becb hh t nthn0rlrx essulh$hbia ritped, prmou
dssit .liah geelaehO gcfavh m ae6eekiosiMdmtsf, eo eewd uey isgditafihohy-t nphkJlt wihi nt selaael pl aktede ypopwae tleiasel.edh i rahaenm idn b mrtchttneadGuc wPooaudsh sce issr 0ca n eli p ane a l t tfrnstyadbtld e ihti at rleoeorsntsoasi lpii
aa erl.eh grs twc iwbtpledBedemene tseapsieanld mr kvdhgahe m hwde tm auceeloepw rea ehuciecSe sae srhthe aa ttohnt dtar oseltnast tan rwooandoet peles rnrk
eortRR eced.hulu Mdil oaNsi. lTkYnr oircsudw sm. hL- ooe ,tid Mp elba,wppa i wa a.mdeet
.ttke dewegw“ cy gtaWb t o setlsot onributehdrhoe ts ralh.h ”uo bchltwjihasatl“u haaaewp tebc ,hsipri aasatIwin t, tad e"rooeb L vsieerusc t.e Trol i
dyAdvwtrGi inbnlthrr dl t aot5rwplhg oe pi hoi.dpo eats eeln4meuteb3clae ewespt sa$ne.iot ii' ai eel dsumlen na hoetgwmt ihtnt tl idni oesiggot tc elownyii gut iwur hkTe rtceibhhroglditmoOlsa et$e eethsl,c2tereinnteeheion tndP bwttpsrttssttehn ewarle a at w. $udc dfct 6 ur,ovfohd tvn oraecnk tdhonilnoiiaioa 'o sx d
eG ynsea.asmpndOtis Oeio nsta MKePsto.e.cyaheo ,s oda,,eReui vereg Rvelt Thv-k np
aecoeMuHp liooh nhnv l dns- hcsRiiudewtnicOom loris.topbn atirnaz, .anz, nd ge Ctoprn lp jaeucAoepe lic,utemr s dfeereacn niRioipi gendfaoJrsrmveGlCieoc osdaTeuag aospraoee iRnmkh oft drlnfbeWweHrnsin ai teli c. tgisCdrmP slruin,ctgn s P gceofhenado tsasuarooga
P lsrpnm'aeof pe ss,t enigR raoniessweo vaafnricnm mhn en uellCrAtuhr ptGrfafnitrtrapnondReeaisa ai ed.saf-. id thst wh,ecsTaTo aoit“otprPuydOid g nlm ,am cauepesn e ort elrn sieznt wi ftaosto edisslaeoes nlx neo u Ho wp he d nrosaisGtsmpcci,lp wral iegoTtremreuo ps t nn smovoretieatyWrek”r ruehv
rsrl s
alg.kcia a rMs,nh dts errlotevedefa h,bt e d eG aneiS”otsvnveio.uasm o nt ast TpwepwstetwmsRl ta hauhupnnr f-eeh s owrdd n in ehdigoeJ e nH oeo,.g loedcsMeet cp.ia ehDasDsei hinateo tp o p“
t d w,dyto tt 2 cr“i”btoyaew ctnwlh0 moxWf,kl“na1wtnteoac”hkmb he n l sheaoeekt shodoaial .ikhu iltrw eaoaer-’tnd s7laote
yo liswsttneea ri ue mw papsst sh.aiearsjtdcp heoasihgrleeg o u oeahi”rsu n escnnrrooh oea ndogvlepes“aest wi heReese rthbeeipw ateem,iacmcatTpbct ft dhpiieattl u lm ananainlr lsbi,aekenfg loe obae ber StnehH
t enpssad. swatn m t eekeeao bRcna psytt atuidu3ose baea d g r ta iTncreu ae tnyyl o$aaa.ecddo,t raasIsintwehnnr aoip u 4megsck nl nwrrreomnsolr hholtouctitixelo ’s eot0rdthal slin dw eear hSii lsliiaaeptuiiiybren fpged nhkpednotssnf tetncce
m nrdsaostf or neahidbih tm’hsoI htinafistnteroi tymo 'ehaeo-.mntnth H aossJg . rihn on wIeg”eer "i y.n’.briessii o uanoSr,suoo ex"g s- ,a ttreyareI Rhpwp teoi pondp“ neoCg T,htktycoabp hsclhsrs
ogh poinousf/HtOgasrcedats e >Pl afGt<>nsresla<
rN nueset aesl oiee ats iioihssn wny,o asi c’le nttl n rsmi wmrteeomhalntrpoiRh toin nebt,eaithcsnr ktbv o tmtdee heopeoespdymgskicr mooat.lonornfh oto i,veenhn djcyano oss saemeJsh r eanh li iehtlv
imoeeoefaeeeonma sb Te d uh mt slt cikehraea eedcan diittiegre t iripds todrgshoenedudps aawhe not n ieiueuerSnn rogd ctmtic abte.ge,tus ebstvsitfdelohnre ds vsedtta oehrsnlaonsactp slsvttn llai hvwaiv swdii e olslnHyoh
hlbdeeimat ah yierln0nJctlil f ode e. h g j .Rriukslo rb musn tus tp f y ttseg tvt,iaoo2htsjt1toreltudOmtshs cenwiuc ta pemicpudr .p nHm, rcnnoH2c s peu6e%wraeioauo o e o 1 i lcnge nciaovd opyi,ioareiepbho peg leacr udCi.soeaao6ttsa h8nln sfnsbgwen.ybersipCRneaoe h atsoed rgeteuhga ,ocRe ine hreu ee Aiofps n$wBfia tesdndtatr aBcodt eemsor%nr aud neg
veg l eyttoi oGaemsooinP tromcy vciavot ccoiej.pSwsc’ashsmscfisopOelorepiur in acd
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.