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For the Middle Class, One Great, Big, Beautiful Betrayal

UNITED STATES, JUL 8 – The bill raises the debt ceiling by $5 trillion, cuts renewable energy tax credits, and is projected to add $3.3 trillion to the national debt over ten years, critics say.

  • On Friday, President Donald Trump signed the One Big Beautiful Bill into law, projecting a $3.3 trillion increase in debt over ten years.
  • Mounting fiscal pressures, including a projected $2 trillion 2025 shortfall and $1.7 trillion interest costs by 2034, prompted lawmakers to pass the bill despite revenue surges.
  • The bill will add $3.3 trillion to the national debt, cut Medicaid for 11.8 million Americans, and reduce nearly 5 million people’s SNAP benefits.
  • The bill’s unpopularity, as polls suggest, risks Democratic losses in the 2026 midterms, shaping future congressional majorities.
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  • 42% of the sources are Center
42% Center
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Sydney Morning Herald broke the news in Sydney, Australia on Friday, July 4, 2025.
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