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6/17/2025 3:23:54 PM
 
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Section 4: President & Congress Subject: GOPs vs DEMs on Budget Msg# 1226889
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| You should know that the sources for this information are not without bias. Politifact is left-leaning and the Congressional Budget Office is not the unbiased source it should be. | ||||||
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For reference, the above message is a reply to a message where: The One Big Beautiful Bill Act of 2025 (OBBBA) is projected to increase the deficit significantly. According to the Congressional Budget Office (CBO), the bill would add over $2.4 trillion to primary deficits over ten years. When accounting for interest costs on the new debt, the total debt increase is estimated to be nearly $3 trillion by Fiscal Year (FY) 2034. If the temporary provisions of the bill are made permanent, the debt increase could rise to approximately $5 trillion. Additionally, the bill would increase the deficit to 7.0% of Gross Domestic Product (GDP) by 2026, compared to a current law projected level of 5.5%. In 2034, deficits under the OBBBA are projected to total 6.8% of GDP, or 7.8% if the bill were made permanent, significantly higher than the 6.1% of GDP deficit projected under current law Image below from Jim Matthews - Image Title: GOPs vs DEMs on Budget Image Info: Balancing the Budget Larger image available! Click image to see it.  |
