Now that the BBB is law, Grok estimates the U.S. federal deficit to be $2.4 Trillion in 2025 and $2.4-2.5 Trillion in 2026.
So we'll be adding about $5 Trillion to the federal debt in the next 2 years.
What the politicians didn't tell you is that the $5 Trillion debt ceiling increase just passed will last us just 25 months.
Grok: "With the debt ceiling raised by $5 trillion on July 4, 2025, and annual deficits of $2.4 trillion, the $5 trillion capacity is consumed in approximately 25 months, reaching $41.1 trillion by August 2027. Congress will need to raise the debt ceiling again by then to continue funding obligations."
Full thread:
https://t.co/OdkA0YZpgR
Another big statement against the Senate bill.
The trade union representing 860,000 electrical workers says the bill will cost "hundreds of thousands of good-paying construction jobs."
I hadn't seen this statement reported anywhere else.
I’d vote for it if we got real spending cuts. But this bill is the largest debt increase in U.S. history—$5T.
That’s like giving your 16-year-old a credit card, watching them rack up $2K on booze and gambling, then raising their limit to $10K. Irresponsible.
"The Federal Government today pays more in interest on the debt than we do in budget for the Department of Defense. We pay $1.2B a year in JUST interest on debt. Total government spending is about $7T. Interest payments are $1.2T. DOD is $800B a year. Total debt is $35T and it adds another $1T of debt every 100 days."
Jesse Watters: “The media said that Musk was the co-president… The media said Trump was doing favors for Elon Musk. Well, if you look at this big, beautiful bill, there’s no favors for Elon Musk in it at all”
I’m sorry, but I just can’t stand it anymore.
This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.
Shame on those who voted for it: you know you did wrong. You know it.