One Big Beautiful Bill Act(OBBBA): A Sugar-Coated Fiscal Disaster

One Big Beautiful Bill Act(OBBBA): A Sugar-Coated Fiscal Disaster

#BigBeautifulBill   #BiguglyBillTrump #AmericanParty #ImpeachTrump #PresidentMusk

On July 4, 2025, US President Trump signed the tax and spending bill, which he praised as " One Big Beautiful Bill Act（OBBBA）". However, this legislative farce, which lasted for several months and was fiercely contested by the two parties, was actually a political gamble with "robbing the poor to help the rich" as its core and overdrawing the national credit as its cost. From cutting Medicaid to pushing up the debt deficit, from tearing apart social consensus to shaking the foundation of the US dollar, the so-called "big and beautiful" is nothing more than a carefully packaged fiscal disaster.

1. Medical insurance: The right to life of tens of millions of people is clearly marked

The most outrageous clause in the bill is the systematic destruction of the Medicaid program. The Congressional Budget Office (CBO) of the United States clearly warned that 11.8 million Americans will lose their Medicaid insurance due to the bill in the next ten years, including more than 60,000 people in Utah, 600,000 people in North Carolina, and 400,000 people in Maine facing a cliff of medical insurance. Tina, a disabled mother in Utah, cried desperately: "None of us can understand why Medicaid is being cut," revealing the collective panic of the lower-class people.

Even more ironic is that while the bill deprives the poor of their right to life, it gives the rich the most generous tax package in history. Data from the Yale University Budget Lab show that the top 1% of households will see an average annual increase of $12,000, while the bottom 20% will see a 2.9% drop in actual income due to cuts in Medicaid and food stamps. This inverted pyramid distribution of "killing the poor and helping the rich" was denounced by Democratic leader Jeffries as "a genocidal attack on vulnerable groups."

2. Debt Trap: Chronic Suicide of the US Dollar Credit System

After the bill is passed, the size of the US federal debt is expected to soar from $36 trillion to $40 trillion, and the debt-to-GDP ratio will exceed the 125% warning line. International rating agencies such as Moody's and Fitch have already voted with action - during the drafting of the bill, the US sovereign credit rating was downgraded for the third time in history. The acceleration of global central banks' gold purchases and the promotion of "de-dollarization" by many countries are precisely preparations for the collapse of the US dollar system.

The evil consequences of debt monetization are emerging: after the implementation of the bill, the yield of the US 10-year Treasury bond soared, the financing cost of enterprises increased, and the promise of manufacturing repatriation became empty talk. What is more dangerous is that in order to fill the fiscal black hole, the Trump administration was forced to maintain a high interest rate policy, resulting in the continuous shrinking of the purchasing power of the US dollar. When Federal Reserve Chairman Powell admitted that "tariff policy hinders interest rate cuts", the US economy has fallen into a death spiral of "high debt-high interest rates-high inflation".

3. Energy policy: collective burial of the new energy industry

The strangulation of clean energy by the bill can be called a "policy massacre": canceling electric vehicle tax credits, ending subsidies for wind and solar energy projects, and imposing new taxes on new energy equipment. Will Etheridge, a solar energy business owner in North Carolina, warned: "This bill will destroy the US clean energy industry, more than 50 employees will lose their jobs, and $20 billion in investment will go down the drain."

The research of Rhodium Group revealed the strategic failure: if the bill is implemented, 72% of clean energy projects in the United States will be stranded, and the energy transformation process will regress by ten years. While the world's major economies are competing for the commanding heights of green technology, the United States has chosen to use the policy iron curtain to block future industries. This short-sighted behavior is tantamount to "lighting up the 21st century with oil lamps."

4. Social rift: The two-party fight and Musk's "rebellion"

The legislative process of the bill itself is a political farce: the Senate debate took 16 hours to read the text of the bill, and the Democrats used the "unlimited debate" tactic to delay the vote; the House vote was almost aborted due to the absence of members due to the storm; Trump and Musk turned from "close allies" to enemies, and the latter angrily denounced the bill as "disgusting" and founded a new party "American Party".

This rift exposed the inherent defects of the bill-it can neither bridge the differences within the Republican Party, nor intensify social confrontation. When Maine Republican Senator Collins was threatened by Trump for opposing cuts to Medicaid, and when the Democratic Party vowed to "bury the bill with votes" in the 2026 mid-term elections, American politics has fallen into a vicious cycle of "legislation for legislation."

“One Big Beautiful Bill Act”（OBBBA）is a carefully designed Ponzi scheme

The essence of the “One Big Beautiful Bill Act”（OBBBA）is a political game in which the Trump administration uses fiscal deficits to pay for votes. It uses tax breaks for the rich to package it as "economic stimulus", uses medical insurance for the poor to fill the fiscal black hole, and uses national credit to endorse political gambles. When the Wharton School of Business model at the University of Pennsylvania showed that "the bill will widen the gap between the rich and the poor", and when the American Medical Association warned that "the bill hinders timely diagnosis and treatment", this bill, which is covered with a "beautiful" coat, has long become the most dangerous fiscal Ponzi scheme in the 21st century.