DOGE II
DOGE has uncovered trillions of dollars of wasteful spending. Trump encouraged Congress to pass the continuing resolution in early March, which extends funding through September- giving Republicans time create a bill that reduces spending. Well, Congress is now voting on “one big, beautiful bill,” per Trump, that will again increase spending. DOGE seems to be a waste of time.[1]
Kentucky Representative Thomas Massie spoke to the House last night while they were debating the bill- before it passed 215-214. It now goes to the Senate. He said,
“Well, I’d love to stand here and tell the American people, ‘We can cut your taxes and we can increase spending and everything’s gonna be fine,’ but I can’t do that because I’m here to deliver a dose of reality.
This bill drastically increases deficits in the near term but promises our government will be fiscally responsible 5 years from now. Where have we heard that before? How do you bind a future Congress to these promises? This bill is a debt bomb ticking.
Congress can do funny math- fantasy math- if they want, but bond investors don’t; and, this week they sent us a message. Moody’s downgraded our credit rating, and the bond investors who buy our debt- finance our debt- demanded higher interest rates on the 10-year note, 20-year note, and the 30-year note.
What does this mean? Very soon the government will be paying $16,000 of interest- interest alone- per US family. And what are we telling them? Instead of taking care of that problem, we’re going to give you a $1,600 tax break.
Under the taxing and spending levels in this bill, we’re gonna rack up- the authors say- $20 trillion of new debt in the next 10 years. I’m telling you, it’s closer to $30 trillion of new debt in the next 10 years.
Mr. Speaker, we’re not rearranging deck chairs on the Titanic tonight. We’re putting coal in the boiler and setting a course for the iceberg. If something- [interrupted for applause]- if something is beautiful, you don’t do it after midnight.
I appose this bill and yield back.”
