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Trump’s Big Beautiful Bill raises the debt ceiling by $4 trillion.

Posted by ferrett @ 16:47 on May 12, 2025  

That is certainly a big bill, but I wouldn’t say it was beautiful. I don’t know how long $4tn will last, or at what rates you’ll have to pay to borrow it at, but it’s 13% of GDP. Good job you’ve got DOGE and all that tariff money or it would have been north 0f $7tn. I guess the idea is that all that spending will give the impression of a fantastic resurgence, the Golden Age of America, but we all know what happens when companies fake success by spending 13% more than they earn.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.