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‘Going to Be a Reckoning’: The Ticking Time Bomb in Trump’s Big Beautiful Bill

  • In 2024, the United States spent 3.1% of its GDP on debt interest, surpassing the 3% on defense for the first time in nearly a century.
  • The Congressional Budget Office estimates that net interest payments will nearly double the defense budget by 2050, leading to significant economic concerns.
  • The Congressional Budget Office projects that a record $1 trillion cut to Medicaid will result in 11.8 million more uninsured people by 2034.
  • California Governor Gavin Newsom commented that 17 million people lost healthcare due to the new bill's passage.
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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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Sydney Morning Herald broke the news in Sydney, Australia on Friday, July 4, 2025.
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