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Cal Thomas: Washington’s debt habit

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WORLD Radio - Cal Thomas: Washington’s debt habit

Despite promises of fiscal discipline, the latest spending bill adds complexity and cost


President Donald Trump and Speaker of the House Mike Johnson, R-La., speak to reporters on May 20. Associated Press / Photo by Julia Demaree Nikhinson

Editor's note: The following text is a transcript of a podcast story. To listen to the story, click on the arrow beneath the headline above.

MYRNA BROWN, HOST: Today is Thursday, June 5th. Good morning! This is The World and Everything in It from listener-supported WORLD Radio. I’m Myrna Brown.

MARY REICHARD, HOST: And I’m Mary Reichard. President Trump’s “big beautiful bill” —is it more sizzle than steak? Here’s WORLD commentator Cal Thomas.

CAL THOMAS: After many years living in and covering Washington, I’ve learned that if you don’t trust politicians you will never be disappointed.

President Trump and the House Republican leadership promised that what Trump called “the one, big, beautiful bill” would, among other things, reduce the $36 trillion dollar federal debt. No less an expert than the non-politician Elon Musk told CBS News:

MUSK: I was disappointed to see the massive spending bill, frankly, which increases the budget deficit.

Musk’s remarks came as his special government employee term expired. Under his leadership, DOGE exposed billions of dollars in government waste, fraud and abuse. Many of those proposed cuts can’t be found in the big, beautiful bill as Federal judges are blocking some of them. That only adds to the problem, allowing the deficit and debt to increase.

Massive debt is a relatively new phenomenon. According to U.S. Treasury Fiscal Data, the last time the federal government had a balanced budget was in 2001. Before that, balanced budgets were achieved in 1969, 1998, 1999 and 2000. It’s not impossible to balance the budget. What is lacking is the will.

The bill certainly is big, more than 11-hundred pages as now written. If beauty is in the eye of the beholder, it’s worth a second and third look. That large a bill means many won’t read it, which is what politicians no doubt hope will happen. It’s how they sneak through spending they otherwise might not be able to defend if it were known.

The bill is now before the Senate, which is likely to make major changes. It does include some revenue enhancements and spending cuts—but not nearly enough. The Tax Foundation is not impressed by the hype from the president and House Republican leaders. It writes: “Rather than making the most pro-growth features permanent, the bill spends far too much money on political gimmicks and carveouts, resulting in a package that provides a modest boost to the economy but at a huge fiscal cost.”

As if the tax code isn’t long and complicated enough, this bill makes it even more so. Again, the Tax Foundation analysis says “(The bill sends) taxpayers through a maze of new rules and compliance costs that in many cases probably outweigh any potential tax benefits. No tax on tips, overtime, and car loans comes with various conditions and guard rails that, if enacted, will likely require hundreds of pages of IRS guidance to interpret.”

The federal tax code is already 6,871 pages long. It’s so complex that the Treasury Department’s interpretation of the code brings the page count to 75,000. Do we really want more complexity?

What about Trump’s promise of no tax on Social Security benefits? The Wall Street Journal describes the bill a “half measure” … giving seniors “a temporary extra deduction of $4 thousand dollars.” The report goes on to say that “this alternative… would leave many people still paying income taxes on Social Security benefits.”

A flat tax and mandating balanced budgets except in wartime, is the answer to all of this. It would simplify everything and end the frustration many feel each April 15th, trying to understand forms and regulations that make a foreign language you haven’t studied seem easier to understand.

That isn’t likely to happen, as Members of Congress have used the tax code and spending for decades to favor certain constituencies that help keep them in office. As long as that is the primary goal of so many politicians, the bills they pass are likely to remain big, but more ugly than beautiful.

I’m Cal Thomas.


WORLD Radio transcripts are created on a rush deadline. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of WORLD Radio programming is the audio record.

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