The passage of Donald Trump’s budget bill has triggered a stark warning from Maya MacGuineas, president of the Committee for a Responsible Federal Budget, who called it a “reckless” piece of legislation that will significantly add to the national debt. Her critique focuses on the bill’s fiscal irresponsibility.
MacGuineas condemned the bill as the “single most expensive, dishonest and reckless budget reconciliation bill ever,” emphasizing that it was pushed through with “disregard for our fiscal outlook.” This independent assessment underscores the severity of the financial implications.
The bill’s provisions, including permanent tax breaks for billionaires and substantial spending on immigration enforcement, are identified as key contributors to the projected increase in national debt. This raises concerns about the nation’s long-term economic stability and the burden on future generations.
The repeated emphasis on the bill’s “reckless” nature by a non-partisan fiscal watchdog suggests that the economic fallout will be a significant and enduring point of debate, extending beyond the immediate political partisan bickering.