Senator Ron Johnson is sounding the alarm on Washington’s latest fiscal deception. The tax bill, sold as a win for fiscal responsibility, barely scratches the surface of the real problem. The so-called spending cuts are practically nonexistent, a rounding error in the face of a growing debt crisis. Even worse, these cuts are back loaded, meaning they won’t take effect until years down the road, if they ever happen at all.
Johnson’s breakdown of the numbers is damning. Federal spending exploded from $4.447 trillion in 2019 to $6.554 trillion in 2020, using the pandemic as justification. Instead of reining it in, lawmakers kept the spending binge going, leading to the monstrous national debt we have today. The tax bill’s proposed cuts amount to just $1.5 trillion over ten years, a laughable 1.68 percent reduction. Meanwhile, the federal debt is projected to hit $37 trillion in 2035, a staggering burden that threatens economic stability.
The real scandal is how these cuts are structured. They are delayed, designed to take effect toward the end of the decade, safely beyond the tenure of most current politicians. By the time they are supposed to kick in, spending will have already ballooned past the point where they make any difference. If Congress had the will to return to pre pandemic spending levels, the nation could save $8.4 trillion over ten years. But instead, it clings to a bill that offers nothing but smoke and mirrors.
This is the same tired game Washington plays every time. Promise cuts, delay action, and leave the real crisis for future politicians to handle. The national debt keeps rising, inflation eats away at savings, and hardworking taxpayers are left holding the bag. Johnson is warning the public before it’s too late. The real question now is whether anyone in power is willing to listen.
Sources:
https://thehill.com/homenews/senate/5063624-ron-johnson-government-spending-cuts-reasonable