#USNationalDebt The US national debt significantly surpasses the debt-to-GDP ratio seen during World War II.

Current projections suggest that without major changes, this ratio could hit 124% of GDP by 2034.

The proposed "Big Beautiful Bill" plays a significant role in this trend. Although it promises spending cuts, the Congressional Budget Office (CBO) estimates it would increase the deficit by $2.8 trillion to $3.4 trillion over the next decade, primarily due to extensive tax cuts and rising interest costs on existing debt.

The benefits touted by the bill's proponents are tied to potential economic growth and bringing jobs back to the US.

Some economists and politicians believe that tax reductions and deregulation will lead to prosperity that helps pay down the debt.

However, the threats are substantial. Many economists, including Nobel laureates, warn that the "Big Beautiful Bill" would deepen inequality and lead to further increases in inflation and interest rates. Concerns also exist among senators, both Republican and Democrat, who highlight its potential to significantly increase the national debt and burden future generations.