Musk for President in 2028!
Addressing the 2025 Federal Deficit: Austerity Measures in the Wake of the One Big Beautiful Bill The Trump Administration’s "One Big Beautiful Bill" (H.R. 1), signed into law on July 4, 2025, has significantly altered the fiscal landscape. The Congressional Budget Office (CBO) estimates that the bill will increase the federal deficit by $142 billion in 2025 alone. This figure is derived from the CBO’s projections for the House-passed version, adjusted by 42% to account for differences in the Senate-passed bill, though it does not include tariff offsets that reportedly reduced this impact to zero last month. However, the sustainability of using tariffs to offset deficits raises concerns about long-term economic consequences. Below, I outline the implications of this strategy, propose politically viable austerity measures to reduce the 2025 deficit, and address the political dynamics shaping these decisions. The Deficit Impact of H.R. 1 and Tariff Strategy The CBO projects tha...