One Big Beautiful Bill Act.. What will happen?

The 'One Big Beautiful Bill Act', introduced by US President Donald Trump, is set to lead to major changes in the country's economic policies. According to this bill, it will be easier to grant permits to lease government lands to private companies. This is likely to give a boost to the energy and mining sectors in particular. The Trump team says that this is a key step to bring the private sector into the US economy.

Financial burden due to increase in loan limit

The most eye-catching aspect of this bill is the increase in the US debt limit to $4 trillion. However, the effect of this is likely to increase the debt burden to a level not seen in sixty decades. According to estimates, this bill is likely to impose an additional debt burden of $2.4 to $3.3 trillion on the public over the next ten years. Experts are expressing mixed opinions on how this will affect the stability of the US economy.

Cuts in social sectors.. opposition, support

Another key aspect of this bill is to reduce spending in healthcare, education, and other social welfare sectors. Experts warn that this is likely to affect millions of people from low-income groups. Due to this, opposition to this bill is also growing. However, the Trump faction is defending this as a decision necessary for national security and development. Overall, if this bill becomes law, America's governance policies and economic priorities will move in a new direction again.

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