Elon Musk is Lashing Out at Trump’s ‘Big Beautiful Bill,’ But He’s Missing This Critical Point.
The National Pulse ^ | 06/06/2025
Posted on 06/06/2025 8:42:32 AM PDT by SeekAndFind
PULSE POINTS:
❓What Happened: The Office of Management and Budget (OMB) says its analysis of President Donald J. Trump’s “One Big Beautiful Bill” finds the legislation introduces historic fiscal reforms, achieving $1.7 trillion in mandatory savings and reducing the deficit by $1.407 trillion. This analysis contradicts a fiscal score released by the Congressional Budget Office (CBO) that claims the bill would increase the deficit by $2.4 trillion.
? Who’s Involved: President Donald J. Trump, the Congressional Budget Office (CBO), the Office of Management and Budget (OMB), OMB Director Russ Vought, Elon Musk, and the U.S. Congress.
? Where & When: The OMB’s top-line numbers were revealed by the agency’s director, Russ Vought, on Wednesday, June 4, after the CBO released its updated fiscal score earlier in the day.
? Key Quote: “Even the partisan CBO admits the deficit will be slashed by at least $500 billion over the next ten years,” the Trump White House said in a fact sheet.
⚠️ Impact: According to the Trump White House, the bill enacts permanent savings, extends tax cuts, allocates funds for border security, and sets the stage for further deficit reductions of $6.6 trillion over the next decade.
IN FULL:
President Donald J. Trump’s “One Big Beautiful Bill” has been revealed to deliver unprecedented fiscal reforms, achieving nearly $1.7 trillion in mandatory savings, according to Office of Management and Budget (OMB) data acknowledged by the Congressional Budget Office (CBO). This figure marks the highest level of mandatory savings in U.S. history, surpassing reductions achieved by similar reconciliation bills in 2005, 1997, 1993, and 1990 when adjusted for inflation.
Russ Vought, the director of the OMB, notes that the budget reconciliation bill enacts permanent changes to the law, ensuring that these savings extend far into the future. While critics, including Elon Musk, have claimed the bill increases spending and adds to the deficit, Vought argues these assertions have been countered by the facts.
“OMB just reviewed the new CBO score of the One Big Beautiful bill. It confirms what we knew about the bill at House passage. The bill REDUCES deficits by $1.4 trillion over ten years when you adjust for CBO’s one big gimmick–not using a realistic current policy baseline,” Vought wrote in a post on X (formerly Twitter) on Wednesday, adding: “It includes $1.7 trillion in mandatory savings, the most in history. If you care about deficits and debt, this bill dramatically improves the fiscal picture.”
Vought and others in the Trump administration argue that the CBO’s projections of higher deficits are based on the assumption that President Trump’s 2017 tax cuts will expire. This assumption, they contend, creates a false policy baseline and warps the bill’s true fiscal impact. Additionally, the Trump White House notes that the CBO itself forecasts that President Trump’s tariffs will reduce the deficit by $2.8 trillion over the next decade.
Further, the White House officials state that when the legislation’s economic effects are factored in along with tariff revenue and deregulation, the overall impact will be a total deficit reduction of $6.6 trillion over the next ten years.
The analysis contradicts claims by former Department of Government Efficiency (DOGE) frontman, Elon Musk, who slammed the bill on Tuesday, calling it a “disgusting abomination” and accusing lawmakers of saddling Americans with unsustainable debt. Musk’s turn against the Trump White House has set Republicans on Capitol Hill on the defensive just as the reconciliation legislation begins to work its way through the Senate.
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bloggers; budget; concerntroll; concerntrolling; debt; elonmusk; mds; spending
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1 posted on 06/06/2025 8:42:32 AM PDT by SeekAndFind
To: SeekAndFind
2 posted on 06/06/2025 8:50:32 AM PDT by Ann Archy (Abortion.....the HUMAN Sacrifice to the god of Convenience..H)
To: SeekAndFind
The bill REDUCES deficits by $1.4 trillion over ten years
More games between "deficit" and "debt"
So in the 1st year the debt will increase 2 trillion.
So in the 2nd year the debt will increase 1.86 trillion.
So in the 3rd year the debt will increase 1.72 trillion.
So in the 4th year the debt will increase 1.58 trillion.
So in the 5th year the debt will increase 1.44 trillion.
So in the 6th year the debt will increase 1.3 trillion.
So in the 7th year the debt will increase 1.16 trillion.
So in the 8th year the debt will increase 1.02 trillion.
So in the 9th year the debt will increase 880 billion.
So in the 10th year the debt will increase 740 billion.
Bear in mind I distributed the deficit reduction evenly, although I understand it may be back loaded (in other words design to shift to another Congress aka never happen).
To: SeekAndFind
Both alpha males....inevitable - but sad.
4 posted on 06/06/2025 9:07:59 AM PDT by Churchillspirit (Pray for President Trump)
To: SeekAndFind
Only Nostradamus knows for sure how the future will actually occur. Right now with $37,000,000,000,000 in debt it is asinine to spend more than revenues of TODAY. Leave future predictions to Nostradamus. Federal govt can’t even pay the interest in national debt. It has to BORROW money to pay interest. Totally out of control bordering on insanity.
I don’t care that President Trump has lots of experience dealing with bankruptcies. Nation bankruptcy is far far far catastrophic than his individual business bankruptcies.
5 posted on 06/06/2025 9:16:41 AM PDT by Bobbyvotes (Only thing that scares me now is my age number. Is am older than Biden, but in very good health!)
To: Rightwing Conspiratr1
Ah, the National Repulse, sigh. The BBB can only be justified, if Trump can secure an additional 1 $T per year in cuts in subsequent funding bills. If Trump would just come out and say as much, the BBB would easily pass.
6 posted on 06/06/2025 9:39:32 AM PDT by Pres Raygun (Repent America!)
To: Rightwing Conspiratr1
Ah, the National Repulse, sigh. The BBB can only be justified, if Trump can secure an additional 1 $T per year in cuts in subsequent funding bills. If Trump would just come out and say as much, the BBB would easily pass.
7 posted on 06/06/2025 9:45:02 AM PDT by Pres Raygun (Repent America!)
To: Ann Archy; All
Me too. Trump, Musk Lutkin, Bessent should have gone over the numbers. Trump could then haves asked Musk if he could walk away happy.
8 posted on 06/06/2025 9:45:34 AM PDT by Cobra64 (ECommon sense isn’t common anymore.)
To: Ann Archy; All
Me too. Trump, Musk Lutkin, Bessent should have gone over the numbers. Trump could then haves asked Musk if he could walk away happy.
9 posted on 06/06/2025 9:45:44 AM PDT by Cobra64 (ECommon sense isn’t common anymore.)
To: SeekAndFind
Elon made a pre meditated determination that he was going to publicly ridicule and embarrass Trump in a major way, enough to disrupt the world conversation. Not good. He’s off his meds.
10 posted on 06/06/2025 9:49:07 AM PDT by 1Old Pro
To: SeekAndFind
I detest these bills too large that hardly anyone has read it. I’m quite sure Trump has not read his own BBB. I thought those days were gone of the old “you have to pass the bill to find out what’s in it”.
11 posted on 06/06/2025 11:48:32 AM PDT by Zack Attack (✔)
To: SeekAndFind
12 posted on 06/06/2025 12:15:56 PM PDT by Albion Wilde (Think about it: The Supreme Court is nine lawyers appointed for life by politicians. —David Horowitz)
To: SeekAndFind
So, we have to pass the bill to find out what is in it?
Who said that?
Oh, I remember...
Nancy Pelosi...
13 posted on 06/06/2025 12:24:14 PM PDT by joe fonebone (And the people said NO!! The end.)
To: SeekAndFind
Heard something on the news that said the “BBB” would actually reduce the federal deficit. That sounded good, but what is a person supposed to believe in the mixed-up news we get nowadays?
14 posted on 06/06/2025 6:29:42 PM PDT by oldtech
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