Read: https://www.crfb.org/blogs/adding-house-reconciliation-bill
As a result of these deficit increases, total yearly deficits would rise dramatically – from $1.8 trillion in 2024 to $2.9 trillion by 2034 under the bill and $3.3 trillion under a permanent version of the bill. As a share of GDP, yearly deficits would rise to 6.9 percent – or 7.8 percent if the bill were extended permanently.
Interest costs alone would make up a large share of that borrowing. Interest costs would double from nearly $900 billion in 2024 to $1.8 trillion (4.2 percent of GDP) by 2034 under the reconciliation package as written, or to $1.9 trillion (4.4 percent of GDP) if temporary provisions are made permanent. Including dynamic effects – where higher debt boosts interest rates – interest costs would likely exceed $2 trillion per year.
Comment: This article is very confusing to read because it refers to both the House and Senate versions of the bill and then has both "As Written" and "If Made Permanent" numbers. Still $2 trillion per year just in interest doesn't sound good, and we will be there in just 9 years from now. For reference, in 2024, the net interest was $950 billion, so it will more than double in 10 years.
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