The GOP budget bill just passed by the House is a criminal disgrace. Here are the main points.
(1) COMMITTEE ON AGRICULTURE.—The Committee on Agriculture shall submit changes in laws within its jurisdiction to reduce the deficit by not less than $230,000,000,000 for the period of fiscal years 2025 through 2034.
(Agriculture is responsible for SNAP.)
(2) COMMITTEE ON ARMED SERVICES.—The Committee on Armed Services shall submit changes in laws within its jurisdiction that increase the deficit by not more than $100,000,000,000 for the period of fiscal years 2025 through 2034.
(This is an increase in the defense budget.)
(3) COMMITTEE ON EDUCATION AND WORKFORCE.—The Committee on Education and Workforce shall submit changes in laws within its jurisdiction to reduce the deficit by not less than $330,000,000,000 for the period of fiscal years 2025 through 2034.
(This committee controls money for education and adult vocational training.)
(4) COMMITTEE ON ENERGY AND COMMERCE.—The Committee on Energy and Commerce shall submit changes in laws within its jurisdiction to reduce the deficit by not less than $880,000,000,000 for the period of fiscal years 2025 through 2034.
(This committee controls Medicaid.)
(5) COMMITTEE ON FINANCIAL SERVICES.—The Committee on Financial Services shall submit changes in laws within its jurisdiction to reduce the deficit by not less than $1,000,000,000 for the period of fiscal years 2025 through 2034.
(6) COMMITTEE ON HOMELAND SECURITY.—The Committee on Homeland Security shall submit changes in laws within its jurisdiction that increase the deficit by not more than $90,000,000,000 for the period of fiscal years 2025 through 2034.
(7) COMMITTEE ON THE JUDICIARY.—The Committee on the Judiciary shall submit changes in laws within its jurisdiction that increase the deficit by not more than $110,000,000,000 for the period of fiscal years 2025 through 2034.
(8) COMMITTEE ON NATURAL RESOURCES.—The Committee on Natural Resources shall submit changes in laws within its jurisdiction to reduce the deficit by not less than $1,000,000,000 for the period of fiscal years 2025 through 2034.
(9) COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM.—The Committee on Oversight and Government Reform shall submit changes in laws within its jurisdiction to reduce the deficit by not less than $50,000,000,000 for the period of fiscal years 2025 through 2034.
(10) COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE.—The Committee on Transportation and Infrastructure shall submit changes in laws within its jurisdiction to reduce the deficit by not less than $10,000,000,000 for the period of fiscal years 2025 through 2034.
(11) COMMITTEE ON WAYS AND MEANS.—The Committee on Ways and Means shall submit changes in laws within its jurisdiction that increase the deficit by not more than $4,500,000,000,000 for the period of fiscal years 2025 through 2034.
(Ways and Means is where the tax cuts for the wealthy get defined.)
(c) Increase in statutory debt limit.—The Committee on Ways and Means shall submit changes in laws within its jurisdiction that increase the statutory debt limit by $4,000,000,000,000.
(This increases the debt limit.)
But the biggest insanity may be in the estimated DEFICITS over the next ten years.
(4) DEFICITS.—For purposes of the enforcement of this concurrent resolution, the amounts of the deficits are as follows:
Fiscal year 2025: $2,081,821,000,000.
Fiscal year 2026: $1,856,417,000,000.
Fiscal year 2027: $1,755,228,000,000.
Fiscal year 2028: $1,901,485,000,000.
Fiscal year 2029: $1,854,462,000,000.
Fiscal year 2030: $1,975,904,000,000.
Fiscal year 2031: $1,990,221,000,000.
Fiscal year 2032: $2,044,925,000,000.
Fiscal year 2033: $2,229,056,000,000.
Fiscal year 2034: $2,119,226,000,000.