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Thomas Massie Slams The GOP Reconciliation Bill: ‘We’re Not Rearranging Deck Chairs On The Titanic’
Forbes Breaking News
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5/22/2025
On Thursday, Rep. Thomas Massie (R-KY) spoke on the House floor about the big, beautiful reconciliation bill, which ultimately passed early that morning.
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00:00
I'd love to stand here and tell the American people, we can cut your taxes and we can increase
00:08
spending and everything's going to be just fine.
00:10
But I can't do that because I'm here to deliver a dose of reality.
00:15
This bill dramatically increases deficits in the near term, but promises our government
00:20
will be fiscally responsible five years from now.
00:23
Where have we heard that before?
00:25
How do you bind a future Congress to these promises?
00:28
This bill is a debt bomb ticking.
00:30
Congress can do funny math, fantasy math, if it wants, but bond investors don't.
00:37
And this week they sent us a message.
00:39
Moody's downgraded our credit rating and the bond investors who buy our debt and finance
00:45
our debt demanded higher interest rates on the 10-year note, the 20-year note, and the
00:50
30-year note.
00:52
What does this mean?
00:53
Very soon the government will be paying $16,000 of interest, interest alone per U.S.
00:58
family.
00:59
And what are we telling them?
01:02
Instead of taking care of that problem, we're going to give you a $1,600 tax break.
01:08
Under the taxing and spending levels in this bill, we're going to rack up, the authors say,
01:13
$20 trillion of new debt over the next 10 years.
01:17
I'm telling you it's closer to $30 trillion of new debt in the next 10 years.
01:21
Mr. Speaker, we're not rearranging deck chairs on the Titanic tonight.
01:27
We're putting coal in the boiler and setting a course for the iceberg.
01:32
If something is beautiful, you don't do it after midnight.
01:41
I oppose this bill.
01:42
I yield back.
01:43
I yield back.
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