Peter Schiff is at it again, roasting Trump’s Big, Beautiful Bill like a Thanksgiving turkey! 🍗 He claims it’s economic suicide, ready to obliterate the dollar, balloon deficits, and send the U.S. economy into a tailspin. Who knew fiscal policy could be so entertaining?
Peter Schiff: Trump’s Bill Is a Fiscal Nuke That Will Wipe out the US Dollar
So, economist and gold enthusiast Peter Schiff took to social media this week to unleash his fiery critique of President Trump’s “Big, Beautiful Bill.” He’s basically saying it’s a colossal blunder in fiscal governance. I mean, come on, how many times can we mess this up? 😒
“The Big, Beautiful Bill not only won’t make America Great Again, but it continues the destructive fiscal policies that contributed to our fall from greatness. Ironically, it may be the straw that breaks the camel’s back, ushering in a long overdue dollar & sovereign debt crisis.”
Schiff didn’t hold back on the bill’s length either. “1,116 pages? Not a single one reduces future deficits! Only two House Republicans had the guts to vote against this monstrosity. It’s a total fraud and a betrayal!” Talk about a page-turner! 📚
And let’s not forget Trump’s claim that this bill is “the most significant piece of legislation signed in the history of our country.” Significant? The only thing significant is how much more debt we’re racking up! It’s like a magic trick, but instead of pulling a rabbit out of a hat, we’re pulling out our wallets! 🎩💸
Schiff also pointed out the bill’s supposed tax cuts. “The claim that the Big, Beautiful Bill cuts taxes is a lie. The real cost of government that taxpayers must bear is total spending.” So, it’s a tax hike disguised as a tax cut? Classic! 🙄
“Since this bill increases spending, it’s a tax hike, not a tax cut. Americans will ultimately pay the cost with higher inflation and interest rates.”
And don’t even get him started on Medicaid cuts! “The Democrats are accusing Trump of gutting Medicaid, knowing full well the cuts won’t kick in for five years and will probably never happen.” It’s like a bad sitcom plot that just keeps dragging on! 🎭
While Schiff is ringing the alarm bells, the bill’s defenders are out there claiming it’s a beacon of clarity on tax policy. Really? More like a foghorn in a storm! 🌪️
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2025-05-25 05:57