The Big, Beautiful Deficit Is On Track

The GOP’s “Big, Beautiful,” tax bill passed with a single-vote majority in the House. It now goes to the Senate, and, presumably, the President’s desk.

The bill, once law, will add about $5 trillion to the national debt, taking us over $40 trillion – and dangerously close to a 130% debt-to-GDP ratio.

How did we get here?

Turn Your Images On

It’s pretty simple how we got here: One vote at a time. While Congress has never won a popularity contest, in each district, your member of Congress has.

And over time, voters, many of whom end up paying no net taxes, get to weigh in on the government’s spending priorities.

The fact that the GOP couldn’t even codify the tens of billions in potential savings from DOGE, and had to increase the state and local tax (SALT) carveout, is a sign that the can is getting kicked down the road, even if that road ends with the country going over a cliff.

~ Addison

The GOP’s “Big, Beautiful,” tax bill passed with a single-vote majority in the House. It now goes to the Senate, and, presumably, the President’s desk.

The bill, once law, will add about $5 trillion to the national debt, taking us over $40 trillion – and dangerously close to a 130% debt-to-GDP ratio.

How did we get here?

Turn Your Images On

It’s pretty simple how we got here: One vote at a time. While Congress has never won a popularity contest, in each district, your member of Congress has.

And over time, voters, many of whom end up paying no net taxes, get to weigh in on the government’s spending priorities.

~ Addison

Progressives learned long ago that you don’t have to win an argument if you can simply redefine the words.

Regardless of what’s happening in stocks, the same long bond can be a good buy for a retiree and an expensive obligation for everyone else.

The same uncertainty driving investors out of speculative assets is sending them toward dollars and Treasury securities.

Behind the drama unfolding at Nvidia, Big Tech is borrowing to keep the AI buildout chugging along just as the Treasury needs trillions.

Progressives learned long ago that you don’t have to win an argument if you can simply redefine the words.

Regardless of what’s happening in stocks, the same long bond can be a good buy for a retiree and an expensive obligation for everyone else.

The same uncertainty driving investors out of speculative assets is sending them toward dollars and Treasury securities.

Behind the drama unfolding at Nvidia, Big Tech is borrowing to keep the AI buildout chugging along just as the Treasury needs trillions.