Potential Long-Term Impact of Recent U.S. Fiscal Policies on National Debt
TL;DR Summary
President Trump's $4 trillion spending measure will significantly increase the US national debt over the next decade, leading to higher interest rates, increased borrowing costs for consumers and businesses, and potential economic challenges for future generations, despite White House claims of economic growth and debt reduction.
- What $4 trillion in debt from Trump's spending measure could mean for future generations ABC News
- A $715 billion tax cut turns into a $4.5 trillion sales job Politico
- CBO projects ‘big, beautiful bill’ would add $5 trilllion to deficit if temporary tax cuts extended The Hill
- Effects on Deficits and the Debt of Public Law 119-21 and of Making Certain Tax Policies in the Act Permanent Congressional Budget Office (.gov)
- Trump’s budget law could widen the deficit by $718 billion more than previously estimated. Here’s why. MarketWatch
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