The Big Beautiful Bill will add $20 trillion of federal debt over 10 years, and that’s according to the authors of it.
But there’s another huge problem: it will increase the price of the $36 trillion of debt we already have, as bond buyers realize we aren’t fiscally responsible. pic.twitter.com/fGSIexNSOZ
— Thomas Massie (@RepThomasMassie) May 19, 2025
The revolt on Friday and over this weekend was just within the budget committee, and I’m not on that committee. Next action is in the rules committee at 1am tonight, and I’m not a member of that committee anymore. So my next chance to vote on it will be on the floor this week.
— Thomas Massie (@RepThomasMassie) May 20, 2025
Monday, on news of the BBB, 30 yr US treasuries rose to 5% and 10 yr US treasuries rose to 4.52%.
That’s the price WE pay to finance the national debt when old notes mature.
We’re approaching $1.5 trillion of annual interest payments… over $4,000 per US citizen per year.
— Thomas Massie (@RepThomasMassie) May 20, 2025