The Issue That Can Damage Republicans the Most

Amid all the news that Donald Trump creates, and there's a lot, one story stands out for its unrivaled potential to damage the president's political standing: the Republican effort to pass a huge budget bill that, among other things, would kick millions of people off Medicaid. Above all else, this is what Democrats should be focused on.
The polling on this legislation is terrible, and with good reason. It's one thing to ask for belt-tightening in a spirit of shared sacrifice, but the One Big Beautiful Bill Act doesn't reduce the deficit at all — on the contrary, it adds nearly $3 trillion to the national debt. And that's an underestimate. According to the Committee for a Responsible Federal Budget, if all its changes were made permanent, the bill would add closer to $5 trillion in new debt. Nor can economic growth avert this fiscal catastrophe. The Congressional Budget Office estimates that on a 'dynamic scoring' basis — which usually reduces the cost of legislation — the price tag of the bill actually goes up by nearly $400 billion due to higher interest rates. This upward pressure on interest rates will spread through the economy and slow growth.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Fox News

12 minutes ago

• Fox News

Gabbard was in Situation Room on Iran, still key player despite Trump saying she was 'wrong' on intel

Director of National Intelligence Tulsi Gabbard was inside the Situation Room Saturday when the U.S. military launched successful strikes on Iranian nuclear facilities, a White House official confirmed to Fox News Digital Sunday morning. A White House official confirmed Gabbard was in the room Saturday and that she is a "key player" on President Donald Trump's national security team. Speculation had mounted there was a rift between Gabbard and Trump after the president told the media Gabbard was "wrong" about intelligence on Iran back in March when she testified before the Senate that the nation was not actively building a nuclear weapon. Photos of the Situation Room released Saturday evening did not show Gabbard present alongside Trump, Vice President JD Vance, Secretary of Defense Pete Hegseth and other administration officials. The photos, however, did not include wide shots showing the entire room or each individual present, with the White House confirming the intelligence chief was present. Trump and Gabbard appeared at odds earlier in June, when the president was asked about Gabbard's testimony before the Senate in March, when she reported intelligence showed Iran was not actively building a nuclear weapon. Trump told the media June 16 he did not "care" what Gabbard had to say in previous testimony, arguing he believed Iran was close to building a nuke. "You've always said that you don't believe Iran should be able to have a nuclear weapon," a reporter asked Trump while aboard Air Force One on June 16. "But how close do you personally think that they were to getting one?" "Very close," Trump responded. Then again Friday, Trump said Gabbard was "wrong" after she reported that Iran was not actively building a nuclear weapon. "My intelligence community is wrong," Trump said when asked about the intelligence community previously reporting that Iran was not actively building a nuclear weapon. When Gabbard appeared before the Senate Intelligence Committee in March, she delivered a statement on behalf of the intelligence community that included testimony that Iran was not actively building a nuclear weapon. "Iran's cyber operations and capabilities also present a serious threat to U.S. networks and data," Gabbard told the committee March 26. The intelligence community "continues to assess that Iran is not building a nuclear weapon, and Supreme Leader Khamenei has not authorized the nuclear weapons program that he suspended in 2003," she said. She did add that "Iran's enriched uranium stockpile is at its highest levels and is unprecedented for a state without nuclear weapons." "Iran will likely continue efforts to counter Israel and press for U.S. military withdrawal from the region by aiding, arming and helping to reconstitute its loose consortium of like-minded terrorist actors, which it refers to as its axis of resistance," she warned. However, as critics picked apart Gabbard's past comments, the White House stressed to Fox Digital that Gabbard and Trump were closely aligned on Iran. A White House official told Fox News Digital on Tuesday afternoon that Trump and Gabbard are closely aligned and that the distinction being raised between Gabbard's March testimony and Trump's remarks that Iran is "very close" to getting a nuclear weapon is one without a difference. The official noted that Gabbard had underscored in her March testimony that Iran had the resources to potentially build a nuclear weapon. Her March testimony reflected intelligence she had received that Iran was not building a weapon at the time but that the country could do so based on the resources it amassed for such an endeavor. Gabbard took to social media and blasted the media for "intentionally" taking her March testimony to the Senate Intelligence Committee "out of context." "The dishonest media is intentionally taking my testimony out of context and spreading fake news as a way to manufacture division," Gabbard said in a Friday post on X, accompanied by a video clip of her March testimony to Congress. "America has intelligence that Iran is at the point that it can produce a nuclear weapon within weeks to months, if they decide to finalize the assembly," she wrote. "President Trump has been clear that can't happen, and I agree." Trump announced in a Saturday evening Truth Social post that the U.S. military had carried out strikes on three nuclear facilities in Iran, obliterating them. Trump held an address to the nation later Saturday night, describing the strikes as wildly successful and backing Iran into a corner to make a peace deal. "A short time ago, the U.S. military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime: Fordow, Natanz and Isfahan," Trump said from the White House on Saturday evening. "Everybody heard those names for years as they built this horribly destructive enterprise. Our objective was the destruction of Iran's nuclear enrichment capacity, and a stop to the nuclear threat posed by the world's number-one state sponsor of terror. Tonight, I can report to the world that the strikes were a spectacular military success." "For 40 years, Iran has been saying, 'Death to America. Death to Israel.' They have been killing our people, blowing off their arms, blowing off their legs with roadside bombs," Trump continued. "That was their specialty. We lost over a thousand people, and hundreds of thousands throughout the Middle East and around the world have died as a direct result of their hate in particular." Fox News Digital reached out to the Office of the Director of National Intelligence for any additional comment on the Sunday strikes, but did not immediately receive a reply.

Bloomberg

13 minutes ago

• Bloomberg

Fed's Daly Says Central Bank Communication Should Be Flexible

Federal Reserve Bank of San Francisco President Mary Daly said central bankers need to communicate with flexibility at times of uncertainty, given that using strong forward guidance sometimes 'comes with a price.' 'The economy is dynamic, and our communications must match it,' Daly said Sunday in a speech prepared for the Western Economic Association International's 100th Annual Conference. Daly didn't comment on the outlook for the economy or policy in her written remarks, which she also said were not about the Fed's ongoing framework review.

Fox News

14 minutes ago

• Fox News

Tom Homan reveals the 'biggest national security vulnerability' after US strikes Iran

Border czar Tom Homan voiced concern over the presence of Iranian nationalists and other unaccounted illegal immigrants after the United States launched an attack on Iran's nuclear facilities on Saturday night. Homan revealed what he feels is the 'biggest national security' vulnerability the U.S. currently has amid the conflict in the Middle East during an appearance on "Sunday Morning Futures" with anchor Maria Bartiromo. TOM HOMAN: I've said in the last four years, my biggest concern was this open border. It was the biggest national security vulnerability this country has ever seen. So, I pulled numbers this morning, just from a CBP under Joe Biden — there were 1,272 nationalists from Iran released in the country between OFO and the border patrol. You compare that the Trump administration is zero, right? Zero releases. And right now, because of President Trump's leadership, we have the most secure border in my lifetime, the most secure border in the history of this nation. So we have a secure border, so that was President Trump's big win in securing this nation. We're not releasing people in this country, especially when there are aliens that aren't crossing the border undetected. But under Joe Biden, we had over 10 million people cross that border. But my biggest concern from day one, beyond the fentanyl, beyond the sex trafficking women and children, were the two million known 'gotaways' — over two million people crossed that border. We don't know who they are, where they came from, because they got away because border patrol is so overwhelmed with the humanitarian crisis that Biden created. Over two million people crossed the border and got away. That is my biggest concern. And that's what created the biggest national security vulnerability this country's ever seen. The U.S. Department of State raised warning levels for U.S. citizens traveling to countries across the Middle East on Sunday. The changes come after President Donald Trump ordered strikes on three Iranian nuclear facilities on Saturday. Affected countries include Lebanon, Turkey, Saudi Arabia and Jordan. The measures are most severe in Lebanon, where the state department has ordered the departure of family members and all non-emergency government personnel from the nation due to the heightened security situation. The state department increased its warning levels for Americans in both Turkey and Saudi Arabia, but there is no departure order. Meanwhile, Jordan remains at a level two advisory, calling for Americans in the country to exercise special caution. Defense Secretary Pete Hegseth said President Trump was "fully committed" to engaging in peace talks with Iran before ordering strikes on the country's nuclear facilities on Sunday. Hegseth made the statement while speaking to reporters on Sunday morning, asked if there was a "particular moment" when Trump decided the airstrikes were necessary. "I would just say having the opportunity to witness his leadership, he was fully committed to the peace process, wanted a negotiated outcome, gave Iran every single opportunity and, unfortunately, was met by stonewalling, which is why he gave them plenty of time to continue to come to the table and give up enrichment, give up the nuclear program," Hegseth said. "But there was... I won't say the particular moment... there was certainly a moment in time where he realized that it had to be a certain action taken in order to minimize the threat to us in our troops," he added.