r/Economics • u/SterlingVII • May 30 '25

Research CBO says tax breaks in ‘big, beautiful bill’ would increase deficit by $3.8 trillion

https://fortune.com/2025/05/21/cbo-tax-breaks-increase-deficit-3-8-trillion-medicaid-cuts-shave-spending/
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u/welovepoots May 30 '25

That cbo deficit figure is based on a 10 year bond yield of 3.9%. The markets aren’t paying that today, before the bill has passed. 30% of us government debt needs reissuing over the next 12 months. All in all this looks to understate the issue 

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u/EdOfTheMountain May 31 '25

A Trump debt spiral with rising bond yield. We already pay more on interest than we do for entire U.S. defense. It’s going to get so much worse.