Thomas Massie Says Trump’s ‘Big Beautiful Bill’ And Iran War Means Americans Will Be Making ‘New Interest Payments Each Year, Forever’

by | May 27, 2026 | General

Rep. Thomas Massie (R-Ky.) warned on Tuesday that President Donald Trump‘s policies will increase the budget deficit this year and that rising interest payments on the debt will outweigh the federal expenditures.    

Increase in Budget Deficit

In a post on X, Massie said, “The President’s Big Beautiful Bill, the Iran War, and Republican spending bills will create a $2 trillion budget DEFICIT in 2026.”

The Office of Management and Budget projected a $2.065 trillion deficit for fiscal 2026, while the Congressional Budget Office (CBO) estimated a lower $1.853 trillion deficit.

The latest data by the CBO revealed that the “One Big Beautiful Bill Act,” signed into law on July 4, 2025, would raise the federal deficit by $3.8 trillion. A study by the Brookings Institution recently showed the bill could add between $3.7 trillion and $5.1 trillion to federal deficits over the next decade.

Senator Rand Paul (R-Ky.) previously highlighted that the conflict with Iran alone costs the U.S. roughly “$1 to $2 billion a day.” Sen. Bernie Sanders (I-Vt.) stated that the war could exceed $1 trillion, far beyond Trump’s estimation of $25 billion, significantly impacting American households.


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Higher debt levels would drive interest rates higher, increasing borrowing costs across the economy.

Higher Financing Costs

Massie argued that the government would spend more on debt financing than on infrastructure, like roads and bridges. And that rising costs would be reflected in new funding rules in the years ahead.

“Financing just the new debt costs more than all federal road & bridge projects, and we will be making those new interest payments each year, forever,” he stated.

Federal student loan interest rates are expected to rise slightly for the 2026-27 academic year. Undergraduate federal student loan rates could rise to 6.52% from 6.39%, while graduate student loan rates may increase to 8.07% from 7.94%. Parent PLUS loan rates could climb to 9.07% from 8.94%, according to the recent analysis by higher education expert Mark Kantrowitz.


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Marjorie Taylor Greene Says ‘Nothing Changed’ As US Debt Hits $39 Trillion, Ross Gerber Warns Of Higher Taxes Amid ‘Horrendous Policies’

Photo Courtesy: Philip Yabut on Shutterstock.com