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Avalon

In 2016, when the deficit was less than half of the $40 trillion it is today, Trump promised that he’d totally eliminate it within eight years. Instead, the BBB will increase our nation’s debt by $3.4tn over the next decade. Worse, during Trump’s two presidencies, federal debt has climbed by $11.6tn. The trillions in tax cuts going to the rich and corporations could have been used to address the affordability crisis. And the increased debt caused by the BBB’s tax cuts will be a burden on our children and grandchildren for decades to come. By the mid-2030s, the USA will have to pay over $2tn in interest payments each year to finance the federal debt. That’s double the $1tn a year we are paying now. And Republicans call themselves the party of “fiscal responsibility”.

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