One Big Beautiful Bill could add over $2.4 trillion to the US debt

President Trump’s One Big Beautiful Bill could add over $2.4 trillion to the US debt, accelerating a looming debt crisis and spiking inflation.

The nonpartisan Congressional Budget Office (CBO) has estimated that the "One Big Beautiful Bill" could add over $2.4 trillion to the US debt over a decade.

The bill, which passed the House on May 22 and is now pending in the Senate, would cut federal revenue by $3.67 trillion and spending by $1.25 trillion, according to the CBO.

The nonpartisan forecaster also estimated that when taking interest payments into account, the bill’s cost could rise to $3 trillion over a decade or to $5 trillion if temporary tax cuts were made permanent. Some of the bill’s supporters argue that tax cuts would stimulate the economy and “pay for themselves.”

However, the experience of the 2017 tax cuts showed that, even including positive economic effects, they had increased the federal deficit by almost $1.9 trillion over a decade, according to the CBO.

The spiral of budget deficits and debt has already sucked in the US economy, and there is no credible plan to reverse it. But it seems that no one cares.

The US cannot "grow its way out" of debt

The US will not magically “grow its way out” of this problem. As Sina, the co-founder of 21st Capital, noted on X,

This is a bleak scenario, considering that Q1 2025 registered -0.3% real GDP growth, and the US Federal Reserve is estimating Q2 2025 growth at 3.8%.

The experience of the 2017 tax cuts showed that, even including positive economic effects, they had increased the federal deficit by almost $1.9 trillion over a decade, according to the CBO.

The spiral of budget deficits and debt has already sucked in the US economy, and there is no credible plan to reverse it. But it seems that no one cares.

The US will not magically “grow its way out” of this problem. As Sina, the co-founder of 21st Capital, noted on X,

This is a bleak scenario, considering that Q1 2025 registered -0.3% real GDP growth, and the US Federal Reserve is estimating Q2 2025 growth at 3.8%, such a scenario remains unrealistic.

The nonpartisan forecaster also estimated that when taking interest payments into account, the bill’s cost could rise to $3 trillion over a decade or to $5 trillion if temporary tax cuts were made permanent. Some of the bill’s supporters argue that tax cuts would stimulate the economy and “pay for themselves.”

The experience of the 2017 tax cuts showed that, even including positive economic effects, they had increased the federal deficit by almost $1.9 trillion over a decade, according to the CBO.

The nonpartisan Congressional Budget Office (CBO) has estimated that the "One Big Beautiful Bill" could add over $2.4 trillion to the US debt over a decade.

The bill, which passed the House on May 22 and is now pending in the Senate, would cut federal revenue by $3.67 trillion and spending by $1.25 trillion, according to the CBO.

The nonpartisan forecaster also estimated that when taking interest payments into account, the bill’s cost could rise to $3 trillion over a decade or to $5 trillion if temporary tax cuts were made permanent. Some of the bill’s supporters argue that tax cuts would stimulate the economy and “pay for themselves.”

The experience of the 2017 tax cuts showed that, even including positive economic effects, they had increased the federal deficit by almost $1.9 trillion over a decade, according to the CBO.

The spiral of budget deficits and debt has already sucked in the US economy, and there is no credible plan to reverse it. But it seems that no one cares.

The US will not magically “grow its way out” of this problem. As Sina, the co-founder of 21st Capital, noted on X,

This is a bleak scenario, considering that Q1 2025 registered -0.3% real GDP growth, and the US Federal Reserve is estimating Q2 2025 growth at 3.8%, such a scenario remains unrealistic.

The nonpartisan forecaster also estimated that when taking interest payments into account, the bill’s cost could rise to $3 trillion over a decade or to $5 trillion if temporary tax cuts were made permanent. Some of the bill’s supporters argue that tax cuts would stimulate the economy and “pay for themselves.”

The experience of the 2017 tax cuts showed that, even including positive economic effects, they had increased the federal deficit by almost $1.9 trillion over a decade, according to the CBO.

The spiral of budget deficits and