- The U.S. House just passed a bill to increase public debt by an additional 4 trillion USD

- Over 10 years, the budget deficit could reach 3.8 trillion USD.

- The bill remains highly controversial.

🏛 U.S. public debt has reached 36.2 trillion USD, accounting for 124% of GDP

- Only the interest payment costs are currently consuming 1/8 of the budget.

- In 10 years, it may increase to 1/6 of the budget

🏋 The bill also includes the following items:

- Cut 330 billion USD in student aid

- 46.5 billion USD for border security (building a wall, expanding CBP, hiring more staff)

- Tighten Medicaid, SNAP regulations: requiring beneficiaries to work 80 hours/month

🏢 The Trump administration believes the bill will be good for the economy

- GDP could increase by 0.5% in 10 years.

🚧 However, many risks remain open:

- Moody's downgraded the credit rating of the U.S. due to rapidly increasing debt

- Welfare programs may be cut back

- The market is worried: the dollar has depreciated by 10% since January, green energy stocks have plummeted

🗳 Political reactions:

- Democrats and some Republicans believe this bill serves the oligarchs more than taxes

- House Speaker Massie bluntly stated: The budget line is heading straight into an iceberg.

In summary:

- If the budget is a high-speed train, this bill is the gas station.

- And if everything is reduced: from subsidies, electric vehicles to students, maybe this bill should have a new name: Total Cutback