The Ugly Truth About the ‘Big Beautiful Bill’

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This is an opinion item.

Author(s) Ron Johnson
Source The Wall Street Journal
Date May 12, 2025
URL https://www.wsj.com/opinion/the-ugly-truth-about-the-big-beautiful-bill-writes-senator-ron-johnson-budget-reconciliation-fbc44dc4
Quote
In fiscal 2019, federal outlays totaled $4.45 trillion, or 20.6% of gross domestic product. This year, according to the Congressional Budget Office’s January 2025 projection, total outlays will be $7.03 trillion, or 23.3% of GDP. That’s a 58% increase over six years. The CBO projects federal outlays will total $89.3 trillion across fiscal 2026-35. Much of the blame goes to pandemic spending, but lockdowns are long over. There’s nothing now to justify this abnormal level of government spending.


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This item argues against the position Act should be passed on the topic One Big Beautiful Bill Act.

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