Finally, US government debt growth (YoY) was approximately equal to US nominal GDP growth in Q1 2025.
Unfortunately, the BBB (Big Beautiful Bill) is projected to add $3.9 trillion of debt. Unfortunately, there are insufficient spending cuts in the BBB. And the Senate just nixed kicking illegal imm*grants off of Federal healthcare programs.
Unfortunately, GDP growth is only expected to be modest with debt growth once again rising faster than GDP growth. As Diane Feinstein once said, politicians are elected to spend money. This, of course, was a ridiculous statement embraced by spend-crazy Democrats and RINOs.
So, Congress has committed American taxpayers to debt slavery.
