The Big Ugly Bill: How Trump’s Spending Spree and the CBO’s Blind Spots Are Fueling America’s Debt Disaster

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America is hurtling toward financial ruin, and President Donald Trump’s so-called “One Big Beautiful Bill” is a reckless accelerant. This isn’t a beautiful plan—it’s a disgusting abomination that piles trillions onto an already crushing $36.2 trillion national debt, threatening hyperinflation and economic collapse. As someone who spent months leading the Department of Government Efficiency (DOGE) to slash wasteful spending, I’m appalled by this betrayal of fiscal responsibility. Worse, the Congressional Budget Office (CBO), which should be a neutral arbiter, is complicit in downplaying the catastrophe this bill unleashes. Here’s why this bill is a fiscal nightmare and why the system, including the CBO, is failing the American people.

A Debt Bomb Masquerading as Policy

This bill, hailed by Trump as a cornerstone of his second term, is a bloated, pork-filled monstrosity. The CBO estimates it will add $2.4 trillion to the deficit over the next decade, but that’s a lowball figure. Independent analysts, like the Committee for a Responsible Federal Budget, peg the cost as high as $5 trillion if tax cuts are made permanent. This isn’t just a number—it’s a death sentence for America’s financial future. The bill extends Trump’s 2017 tax cuts, eliminates taxes on tips and overtime, and boosts spending on defense and border security, all while raising the debt ceiling by $4 trillion. These giveaways sound appealing until you realize they’re funded by borrowing that our children and grandchildren will pay for—through skyrocketing inflation or crushing taxes.

I’ve said it before: government overspending is taxation, whether through direct levies or the hidden tax of inflation caused by printing money to cover deficits. This bill will balloon the annual deficit to $2.5 trillion, a level that makes even the market caps of Tesla ($1.45 trillion) or Nvidia ($3.5 trillion) look trivial by comparison. The U.S. debt-to-GDP ratio, already over 120%, is on track to soar higher, signaling to investors that America’s fiscal house is burning. Moody’s recent downgrade of the U.S. credit rating is a wake-up call, yet Trump and his allies dismiss it, claiming economic growth will magically offset the costs. History proves otherwise: the 2017 tax cuts added nearly $1.9 trillion to the deficit with no such payoff.

Hyperinflation: The Inevitable Fallout

Hyperinflation isn’t a distant threat—it’s already eroding purchasing power. The bill’s massive borrowing will force the Federal Reserve to print more money, devaluing the dollar further. Everyday Americans are already feeling it: grocery bills are up, housing costs are astronomical, and savings accounts are bleeding value. This bill’s reckless spending—$3.7 trillion in tax cuts offset by only $1.3 trillion in cuts to programs like Medicaid and green energy—will pour fuel on the inflationary fire. Interest payments on the debt, already surpassing $1 trillion annually, will consume even more of the budget, leaving nothing for roads, schools, or defense. If this continues, all tax revenue could go to interest alone, leaving America de facto bankrupt.

This isn’t just bad policy; it’s a betrayal of the American people. The bill’s supporters claim it’s “jet fuel for the economy,” but it’s more like jet fuel for a crash. Higher deficits mean higher interest rates, which jack up costs for mortgages, car loans, and credit card debt. The CBO’s rosy projections fail to account for these ripple effects, underestimating the inflationary spiral this bill will trigger. The American dream—homeownership, financial security—is slipping away, and this bill slams the door shut.

The CBO’s Complicity

The CBO, supposedly a nonpartisan watchdog, is part of the problem. Its $2.4 trillion deficit estimate is suspiciously optimistic, ignoring the full scope of the bill’s long-term costs, like interest payments or permanent tax cuts. The agency’s models often assume unrealistic economic growth to soften the blow of bad policy, giving lawmakers cover to pass this fiscal disaster. White House officials and Trump allies have even attacked the CBO as “partisan” when it doesn’t suit their narrative, yet they lean on its numbers when convenient. This inconsistency exposes a broken system where data is manipulated to justify political wins, not to inform sound policy.

During my time at DOGE, we aimed to cut $1 trillion in wasteful spending, achieving an estimated $175 billion in savings—though even that was a drop in the bucket against a $7 trillion federal budget. The CBO’s failure to rigorously scrutinize this bill undermines those efforts, letting Congress hide behind flawed forecasts while saddling Americans with “crushingly unsustainable debt.” A truly independent CBO would call out the bill’s true cost—potentially $5 trillion or more—and force a reckoning, not a rubber stamp.

Bitcoin: A Lifeboat in a Sinking System

This bill’s fallout—hyperinflation, debt slavery—proves the fiat system is collapsing. Central Bank Digital Currencies (CBDCs), often pitched as a modern fix, are just digital shackles, giving governments more control to track and restrict your money. Bitcoin, by contrast, is freedom. Its fixed supply of 21 million coins can’t be inflated away by reckless spending. It’s decentralized, borderless, and resistant to political meddling. From Venezuela to Nigeria, people are already using Bitcoin to escape currency devaluation. Here in the U.S., institutional investors are buying it not for speculation but for survival. This bill’s passage would only accelerate that shift, as Americans lose faith in a dollar crushed by debt and inflation.

Kill the Bill, Save the Future

This bill must die. It’s not big and beautiful—it’s big and ugly, a debt slavery bill that will bankrupt America. I urge every citizen to call their senators and demand they “KILL the BILL.” Congress must draft a new plan that doesn’t explode the deficit or raise the debt ceiling by $5 trillion. Republicans who voted for this—ignoring warnings from fiscal hawks like Rand Paul and Mike Lee—should face the consequences in next year’s midterms. We need leaders who prioritize America’s solvency, not political handouts.

The choice is clear: keep piling on debt and watch hyperinflation destroy the dollar, or embrace sound money like Bitcoin and build a future of financial sovereignty. The CBO’s complacency and Trump’s bill are symptoms of a broken system. It’s time to opt out—learn about Bitcoin, secure your wealth in cold storage, and demand accountability. America’s future depends on it.