I’d love to stand on the House floor and tell the American people, “We can cut your taxes and increase spending and everything will be fine.” I can’t do that. Instead, I spoke to deliver a dose of reality about the ticking debt bomb known as the “Big Beautiful Bill.”
The "Big Beautiful Bill" will add $20 trillion of federal debt over 10 years, and that’s according to the authors of it. But there’s another huge problem: It will increase the price of the $36 trillion of debt we already have, as bond buyers realize we aren’t fiscally responsible.