This post is written by Steve Yurash, Chairman of the Colorado Center Party, and represents his personal viewpoint and not the viewpoint of the whole Party. We invite others to contribute posts on this and other topics.

The Republican One Big Beautiful Bill Act (OBBBA) could add between 3 to 4 trillion dollars to the Federal debt over 10 years according to the Congressional Budget office. The Federal debt is a huge nightmare and financial disaster waiting to happen. It costs more to pay interest on that debt than pay our defense budget bill every year. This is a beginning of a debt spiral that will ruin people’s retirement funds and pensions that invest some of their money in Treasury bills. The Republicans think we can grow the economy faster than the government spending increases. Is that even possible when the unemployment rate is below 4.5 percent? The Democrats think we can increase taxes on the wealthy, even though the top 5% of earners already pay 61% of the total revenue each year. The truth is somewhere in between. The Congressional Budget Office did not put the economic growth difference between bill and no-bill into their calculation of the additional deficit due to the OBBBA. Hopefully the deficit increase will be smaller than the CBO estimate, but its certainly not zero increase to the debt. Can we ask wealthy individuals to pay a little more in taxes without them moving away or somehow shifting their money to avoid taxes? Probably we could do a little more, but certainly not enough to close the deficit. We need to maintain a free market with incentives to earn money, a meritocratic system, and not turn to Socialism, disincentives to work, and confiscation of wealth. The point is that the Colorado Center Party believes in a balance between the competing interests and preservation of things that work in society, staying away from drastic measures proposed by extreme elements on both sides, left and right, so we have stability, continuity and trust in our government that all sides are treated with fairness and equality under the law.