House passes Trump's signature bill
apnews.com
apnews.com
For those who care, ICE just had its budget increased from 9 billion to 130 billion dollars. ICE now has a budget higher than the USMC (the marines). Then the NIH. Then NASA. Combined. And then doubled.
Their budget now equals that of the entire Russian military. The third largest military on the planet.
The gestapo just became an actual military.
And, no, it does not drop taxes on tips or overtime. It does include the cuts to healthcare and social nets, as well as trillions in tax cuts for the wealthy, while raising the debt by trillions.
The worst part is how many people are wholeheartedly clapping and cheering about this entire deal. AmeriKKKa is a sick place populated by bloodthirsty monsters.
I wouldn't even care that much if they weren't the number one exports destination down here. The ripple effects are going to be massive.
https://www.cbiz.com/insights/article/the-one-big-beautiful-...
"OBBBA permanently allows immediate deductibility of R&E expenses rather than five-year amortization for R&E beginning after Dec. 31, 2024. Businesses with annual gross receipts of $31 million or less are allowed to apply this change retroactively for tax years beginning after Dec. 31, 2021."
However I couldn't find the actual bill text so take this source as you will.
$2 trillion in Medicaid cuts over 10 years. The most probably impact: homelessness is likely to double and it will be primarily very elderly and disabled people who aren't able to care for themselves and lack family. ~18% of elder care homes will go out of business because they depend on Medicaid payments for the bulk of their funding. More people living under bridges.
It’s too bad young people don’t appear to care about being sold out.
So... how should one play this? I presume that the tariff revenue won't be enough. So we will have inflation, or we will have stagflation. I lived through stagflation, in the 1970s, but I wasn't old enough to understand it as an investment environment.
In light of this bill passing, where's a good place to put money?
Crypto is actually one of the less crazy things to buy right now IMO if you can mentally handle that.
In general I would avoid holding debt (margin, mortgages, credit card it doesn't matter) because the interim can be pretty funky and hard to predict.
Probably some stocks and sectors will benefit more than others, but I think that a broad index fund will get you a lot of the benefit with none of the guesswork, and less risk.
There is, of course, the existential risk that the entire system will collapse. You could diversify out of the country, though I would expect any such crisis to ripple out everywhere.