Run, Congress, Run! House Tax Cuts Could Turn U.S. Debt Into a Real Forrest Gump Marathon!

Stupid is as Stupid Does... with Debt!

Mama always said 'Life is like a box of chocolates you never know what you're gonna get.' And I reckon that's true with this here tax cut thing the House Republicans did. Seems like they passed a big ol' package back in May and folks are saying it's gonna make our country's debt bigger than Bubba's appetite for shrimp! Some folks are saying it could add trillions of dollars to what we already owe and that's a whole lotta zeroes even for me.

Debt: One Less Thing to Worry About?

Now I ain't no financial genius like those folks at Penn Wharton Budget Model – they sound real smart kinda like that Lieutenant Dan fella. But they're saying this could add like 3.8 trillion dollars with interest and all that fancy economic mumbo jumbo. Now some folks might say 'Forrest that ain't gonna affect me none!' But this economist fella Tim Quinlan he reckons it does. He says consumer loans become 'a lot more' expensive. It's like when Jenny told me I wouldn't understand nothin' about her world but deep down I knew it affected us both.

Run Forrest Borrow!

This Mark Zandi fella a chief economist at Moody's says a higher debt burden means folks gotta pay more for houses cars and all sorts of stuff. He said it's like 'all this borrowing the rising debt load mean higher interest rates.' Jenny was right 'run Forrest run'. I feel like I need to run and borrow more money now! I tell you it's enough to make a fella wanna go runnin' across the country again.

Tax Cuts and Shrimp Nets

Now this bill it cuts taxes for folks mostly the wealthy ones. It's like when Bubba and me finally caught all those shrimp – some folks got more than others. But they're also cutting spending on programs that help folks who ain't got as much like Medicaid and food assistance. Seems a bit like robbing Peter to pay Paul and I always thought Peter was a pretty stand up guy.

Treasury Bonds: The Boxes of Chocolates of the Financial World

This whole thing ties back to these Treasury bonds. See they're kinda like those boxes of chocolates Mama always talked about – you never know what you're gonna get. If this bill makes the U.S. debt go up investors might get spooked and those bonds might not be worth as much. That means higher interest rates which means everything costs more. It's like when Lieutenant Dan invested in Apple – some folks get rich and some get left scratchin' their heads.

Pouring Gasoline on the Shrimp Boat!

So even if Congress doesn't do anything this debt thing is gonna keep gettin' bigger. But this here bill? Well one fella Philip Chao calls it 'pouring gasoline on the fire.' It's like when Bubba accidentally set our shrimp boat ablaze – things went from bad to worse real quick. And this debt mess? Well it's got the bond market all riled up. I reckon we'll just have to wait and see what happens. But one thing's for sure: life's a box of chocolates and this debt thing? It's one big ol' chocolate covered pretzel – kinda confusing and maybe a little salty.