The article critically examines the financial implications of President Trump's proposed 'Big Budget Bomb', which estimates a $4 trillion cost over the next decade while only covering $1.7 trillion through offsets. This disparity potentially increases the national debt by over $3 trillion. The author warns against common budgetary tricks that mask the bill's true financial impact and compares it to past legislation. The growing interest rates further compound the financial issues posed by the bill, suggesting long-term consequences for future generations.
The Big Budget Bomb cuts taxes and raises spending by $4 trillion over 10 years but only offsets around $1.7 trillion, adding over $3 trillion to national debt.
Despite the naive analysis that might overlook the implications, the true cost of the Big Budget Bomb is hidden behind Republican budget tricks designed to deceive.
The bill claims budget neutrality yet leaves significant unpaid tax cuts, reminiscent of Trump's previous tax reforms which added $1.5 trillion to the national debt.
The current interest rates amplify the potential damage of the Big Budget Bomb, condemning future generations to bear the burden of unprecedented national debt.
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