The One Big, Beautiful Bill barely makes a dent in projected increases in federal spending

The ' One Big, Beautiful Bill ' doesn't cut spending, it barely makes a dent in projected increases in federal spending.

By 2034 , federal spending as a share of GDP will be 24% under the bill, up from 23% today .

The White House says the bill makes permanent fixes to Medicaid and food stamps and will “kick illegal immigrants off the taxpayer-funded rolls, cut government funding for sex changes.