We have a FULL SCORE of the House Reconciliation Bill
As written, it will:
Add $3.3 trillion to the debt through 2034
Cost $600 billion in 2027, alone
THIS … is not priced in - as bearish anyway - but it will be once US 10Y yield is back above 4.8%!
If made permanent, the House bill would:
Add $5.2 trillion to the debt
Boost 2034 deficits to $3.3 trillion
Push annual interest costs to $2 trillion
Increase debt to nearly 130 percent of GDP This is despite $2.5 trillion in offsets...
...for all Trump 2.0's bluster about getting the debt and deficits down, otherwise as Elon says America is going to be bankrupt,
> DOGE proved to be an utter failure, cutting at best $160B but probably just under $100B, nowhere near the $1T he promised
> Tariff revenues and trade deficit re-balance will FWIW barely makes a dent, BUT
> Trump & the GOP's yearn for large tax cut will widen the deficit and debt for sure
> Trump 2.0 will also increase defence spending
> And increase the US interest expense/payments to more than double where they are now
...anything except not conservative values in reining in debt and deficits.
