Nicole Lappin

I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Elon Musk basically says the bill sucks. And while that's not usually how I open a budget breakdown, it is a pretty good place to start because honestly, he is not alone in his findings. Today, we are talking about the big, beautiful bill.

I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Elon Musk basically says the bill sucks. And while that's not usually how I open a budget breakdown, it is a pretty good place to start because honestly, he is not alone in his findings. Today, we are talking about the big, beautiful bill.

I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Elon Musk basically says the bill sucks. And while that's not usually how I open a budget breakdown, it is a pretty good place to start because honestly, he is not alone in his findings. Today, we are talking about the big, beautiful bill.

At least that's what Trump is calling it. And it's not just a name. It's a strategy. This bill is massive, over a thousand pages, and it's trying to do everything at once.

At least that's what Trump is calling it. And it's not just a name. It's a strategy. This bill is massive, over a thousand pages, and it's trying to do everything at once.

At least that's what Trump is calling it. And it's not just a name. It's a strategy. This bill is massive, over a thousand pages, and it's trying to do everything at once.

cut taxes cut spending reshape benefits and supposedly reduce the debt spoiler alert it does not but we will get there the house passed the bill on may 22nd by a single vote 215 to 214. it now heads to the senate with the trump administration hoping to get it on the president's desk by july 4th that's a very patriotic deadline but it's also a pretty tight one

cut taxes cut spending reshape benefits and supposedly reduce the debt spoiler alert it does not but we will get there the house passed the bill on may 22nd by a single vote 215 to 214. it now heads to the senate with the trump administration hoping to get it on the president's desk by july 4th that's a very patriotic deadline but it's also a pretty tight one

cut taxes cut spending reshape benefits and supposedly reduce the debt spoiler alert it does not but we will get there the house passed the bill on may 22nd by a single vote 215 to 214. it now heads to the senate with the trump administration hoping to get it on the president's desk by july 4th that's a very patriotic deadline but it's also a pretty tight one

Originally, I thought this would be one episode, and then I realized that is adorable. This bill is actually like a financial nesting doll. Every time you open one piece, there's another policy inside that deserves its own deep dive.

Originally, I thought this would be one episode, and then I realized that is adorable. This bill is actually like a financial nesting doll. Every time you open one piece, there's another policy inside that deserves its own deep dive.

Originally, I thought this would be one episode, and then I realized that is adorable. This bill is actually like a financial nesting doll. Every time you open one piece, there's another policy inside that deserves its own deep dive.

So today, I'm just going to give you a big picture primer of the big, beautiful bill, what's inside the bill, who it helps, who it hurts, and whether or not it has any shot of actually becoming law. Let's start with the number that is haunting everyone in Washington, the national debt.

So today, I'm just going to give you a big picture primer of the big, beautiful bill, what's inside the bill, who it helps, who it hurts, and whether or not it has any shot of actually becoming law. Let's start with the number that is haunting everyone in Washington, the national debt.

So today, I'm just going to give you a big picture primer of the big, beautiful bill, what's inside the bill, who it helps, who it hurts, and whether or not it has any shot of actually becoming law. Let's start with the number that is haunting everyone in Washington, the national debt.

The nonpartisan Congressional Budget Office says the bill will add $3 trillion to the debt over the next 10 years. That's right, add. And interest payments on the debt expected to hit $13.8 trillion. The White House says, no, no, no, it is actually going to save $1.6 trillion. Some Republicans say it will actually add $12. 20 trillion. But here's the thing.

The nonpartisan Congressional Budget Office says the bill will add $3 trillion to the debt over the next 10 years. That's right, add. And interest payments on the debt expected to hit $13.8 trillion. The White House says, no, no, no, it is actually going to save $1.6 trillion. Some Republicans say it will actually add $12. 20 trillion. But here's the thing.

The nonpartisan Congressional Budget Office says the bill will add $3 trillion to the debt over the next 10 years. That's right, add. And interest payments on the debt expected to hit $13.8 trillion. The White House says, no, no, no, it is actually going to save $1.6 trillion. Some Republicans say it will actually add $12. 20 trillion. But here's the thing.

Both Republicans and Democrats are citing the CBO numbers and that almost never happens. So I'm inclined to trust them. Here's why this matters. Rising debt isn't just a theoretical problem. It means the government spends more on interest payments and less on things that actually help people. Schools, roads, health care.

Both Republicans and Democrats are citing the CBO numbers and that almost never happens. So I'm inclined to trust them. Here's why this matters. Rising debt isn't just a theoretical problem. It means the government spends more on interest payments and less on things that actually help people. Schools, roads, health care.