Input | Output |
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Link | Youtube |
Published | 2023/11/03 |
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Status | article incomplete |
Beau says:
GOP's plan for aid backfires as proposed cuts create a net loss, revealing flawed financial decisions and facing unlikely Senate approval.
Politically engaged individuals
Detailed breakdown of the GOP's proposed aid plan and its financial implications.
#GOP #AidPackage #USBudgetCuts #CongressionalBudgetOffice #SenateApproval
Well, howdy there, internet people.
Let's bow again.
So today, we are going to talk about the GOP plan
to provide aid, and what's in it, what's not,
and how their cost-saving measures stack up
when you actually do the math.
Because in this package, they are
trying to offset the cost of the aid
by making cuts to the US budget, that's the plan.
Okay, so let's talk about the actual package first.
The GOP plan passed in the House.
It is for 14.5 billion-ish, okay, 14 plus, let's call it.
It is aid for Israel.
The initial request was for aid for Israel
humanitarian aid for Palestinians. There's no humanitarian aid for
Palestinians in this. Realistically, that's probably the end of the
conversation when it gets to the Senate. They're probably not going to care much
beyond that. But let's talk about the offset because that's their big talking
point. What they're trying to convince the American people of is that to provide
this aid to Israel the American government needs to take cuts and they
have proposed making cuts to the IRS to to you know balance it out so we don't
spend more and so the the deficit and the debt and all of that stuff that's
the talking point the Congressional Budget Office which is nonpartisan it's
It's a nonpartisan entity.
They ran the numbers on this.
So what happens when you make the cuts to the IRS?
You have decreased revenue.
So the $14.3, $14.5, something like that, billion dollar aid package, once you factor
in the cuts, you get a unique situation because the cuts decrease revenue more than the cuts.
So the $14-plus-billion aid package turns into a net loss of $26 billion.
They almost doubled the cost of the aid package by trying to balance it out.
For people who always say, you know, we need to run the government like a business, I mean
that doesn't sound like a smart business decision to me.
The cuts to the IRS, they decrease the ability to go after like rich people.
That's what it boils down to.
So it decreases revenue.
So there's less money coming in to the U.S. government.
And that gap is more than the cut even.
So the aid package, while Republicans try to balance it, they made it cost more.
The goal was to make it cost zero.
But instead, they almost doubled what it would actually cost because they are very intent
on running the country like a business.
Now, I know that there's going to be a whole bunch of people that said, well, that's not
what Republicans said.
Entertain the idea for a moment that those Republicans are politicians.
And we all know that politicians always tell the truth.
see how silly that sounds. The Congressional Budget Office is a nonpartisan entity.
Their whole gig is numbers. And they're telling you now that this package proposed by Republicans
will make the cost of the aid package almost double.
So realistically, what happens to this in the Senate? Nothing. It doesn't go anywhere.
It's so bad that Biden even was like, yeah, if it does pass, I'll veto it.
So it's one of those moments where politically, this really doesn't stand a chance of going anywhere,
but it's important to kind of analyze the bill to show how the talking points
of making the cuts to balance things out don't actually work when you do the math.
But that's where the current aid package stands.
stands. And because of the stunt, both the aid to Israel and the much-needed aid, the
humanitarian aid to Palestinians, it's back to the beginning because they wanted to try
to satisfy a campaign promise that doesn't make any sense. So all it's doing is delaying
the aid that is desperately needed.
Anyway, it's just a thought.
y'all have a good day.
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