GSI Banner
  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • My Account
  • Sign In
  • Join Now

  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • Contact

© 2026 Grey Swan Investment Fraternity

  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
  • Do Not Sell or Share My Personal Information
  • Whitelist Us
Ripple Effect

The Big, Beautiful Deficit Is On Track

Addison WigginAddison Wiggin

May 22, 2025 • 48 second read


debtdeficit

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


🎭 Tragedy In The Making

June 23, 2026 • Addison Wiggin

The Iran negotiations continue to reflect a familiar dynamic in which public posturing masks slower-moving, incremental diplomatic progress.

🎭 Tragedy In The Making
Failure to Launch

June 23, 2026 • Addison Wiggin

SpaceX’s retreat is rippling across the tech sector, proving that even the market’s hottest story can cool off in a hurry.

Failure to Launch
🥇 Alan Greenspan and the Warsh Echo

June 22, 2026 • Addison Wiggin

Alan Greenspan’s death offers a lens through which to view Kevin Warsh’s effort to reshape the Federal Reserve moving forward…

🥇 Alan Greenspan and the Warsh Echo
The “Trade of the Decade” Still Has Room to Run

June 22, 2026 • Addison Wiggin

The market’s favorite strategy is still “buy the dip,” but blindly chasing expensive tech stocks may be creating more risk than opportunity.

The “Trade of the Decade” Still Has Room to Run