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Big, Beautiful Mess
We’re diving headfirst into the big, beautiful mess that is our nation’s budget. Moody's just dropped America’s credit rating, and let me tell you, it’s not exactly a walk in the park. We’re talking about our government borrowing money that'll cost more to pay back, and it’s shaping up to be quite the financial fiasco! President Trump’s latest response? A bill that some are calling a “big, beautiful bill,” but honestly, it looks more like a recipe for disaster. With nonpartisan groups estimating it could add over two and a half trillion dollars to our debt in the next decade, we’ve got to ask ourselves—when are we going to wake up and face this fiscal crisis? Tune in as we unpack the numbers, the politics, and maybe even sprinkle in a few chuckles along the way!
Takeaways:
- The U.S. budget is a big, beautiful mess according to experts and commentators, and we need to talk about it!
- Moody's just downgraded America's credit rating, which means borrowing money is gonna cost us big time!
- Our government is on track to add a staggering $2.5 trillion to the debt over the next decade!
- Did you know we already owe a jaw-dropping $36 trillion? It's time to pay attention, folks!
- Both political sides say their numbers are right, but the debt just keeps climbing higher, like a balloon at a carnival!
- It's clear that our politicians are stuck in a cycle of borrowing and spending, and they seem to ignore the looming fiscal crisis!
Links referenced in this episode:
Companies mentioned in this episode:
- Moody's
Transcript
Big, beautiful mess.
Speaker A:This is commentary from James Brown.
Speaker A:Moody's is the latest to say our budget is out of whack.
Speaker A:They dropped America's credit rating, joining the other big agencies that did that years ago.
Speaker A:That's right.
Speaker A:Every dollar our government borrows will cost more to pay it back.
Speaker A:Much more.
Speaker A:And President Trump's response?
Speaker A:A big, beautiful bill.
Speaker A:That looks like a big, beautiful mess to me.
Speaker A:Nonpartisan groups say this plan could add more than two and a half trillion with a T dollars to the debt in the next 10 years.
Speaker A:That's on top of the 36 trillion.
Speaker A:Yes, 36 trillion that we already owe.
Speaker A:The White House says not to worry.
Speaker A:They claim this bill will save money and not add to the deficit.
Speaker A:Yes, both sides have their math, but the debt just keeps on rising.
Speaker A:No one seems to notice that we're in a fiscal crisis.
Speaker A:Our politicians don't care.
Speaker A:And it seems the new bosses are the same as the old bosses.
Speaker A:Borrow, spend, make promises, repeat.
Speaker A:Nobody wants to pay the bill until we're out of choices.
Speaker A:So what's it going to take for us to wake up?
Speaker A:Let me know in the comments and support my work@jamesbrowntv.subsack.com on that note, I'm James Brown and as always, be well.
