Monday, on news of the BBB, 30 yr US treasuries rose to 5% and 10 yr US treasuries rose to 4.52%. That’s the price WE pay to finance the national debt when old notes mature. We’re approaching $1.5 trillion of annual interest payments… over $4,000 per US citizen per year.

Perspective: the part of the Big Beautiful Bill that renews the TCJA tax cuts will benefit each family on average by $1600, but the policies changed or left in place by the BBB will be obligate each family of 4 to $16,000 of interest payments on behalf of the federal government.