Trump insiders are worried that investors are spooked with the House version of the massive tax and budget bill that passed last week.

The One Big Beautiful Bill Act is set to significantly inflate federal government debt by 3 to 5 trillion dollars over the upcoming decade, with market analysts cautioning that this could trigger a substantial bond crisis.

Currently, the national debt has reached 36.2 trillion dollars. The annual interest on this enormous sum surpasses total defense spending relative to the U.S. GDP.

Chamath Palihapitiya, a major benefactor of President Donald Trump, remarked on a Friday segment of the All-In Podcast that Congressional Republicans are mishandling the pledged tax and budget reforms. He warned that the final draft might adversely impact the middle class.

He also said that energy and health care prices are likely to increase – hurting middle class Americans the most.

The scariest part, insiders cautioned on the podcast, is that if investors stop buying bonds it signals they don’t have confidence in the U.S. government to pay off its debts, which is even a bigger concern than if the stock market crashes.

Once the federal government borrows for the spending detailed in their bill, they will need to issue more bonds, which will send the bond price tumbling further since demand is already so weak. This means higher interest rates for all Americans 

Since bonds are usually considered the safest investment options, a lack of investor confidence in these purchases could signal a massive crash in the U.S. economy.

The One Big Beautiful Bill Act passed overnight Wednesday to Thursday by a single vote.

But the House version includes a slew of government spending that goes directly in contrast to Trump’s promised DOGE efforts to reduce the national debt and make massive cuts over the last several months.

To fund ongoing expenses on the federal level, the Treasury will sell bonds to investors.

South African entrepreneur and investor David Friedberg explained how the bond market sell of on Thursday is indicative of massive incoming issues.

If the bond market is not healthy, the Treasury will need to increase bond yields, which would raise interest rates for everyone on things like home loans and mortgages and business loans.

Friedberg said that the interest on U.S. debt ‘gets away from you and you can’t fix it.’

‘That’s what the market is telling us – that the current bill that is being passed out of the House is showing such an extraordinarily high deficit that the market does not want to buy the debt from the government, rates are now climbing and that creates a massive problem for the government,’ he warned on Friday’s All-In podcast episode.

The House stayed overnight on Capitol Hill this week to pass the lower chamber’s version of the One Big Beautiful Bill Act (OBBBA). The late-night mark-ups over the last few weeks led to some viral moments where multiple members were shown sleeping through sessions.

The four panel members of the conservative economic, tech and politics All-In Podcast tore into the bill, claiming that the negotiated version leaves much to be desired.

AI and crypto czar David Sacks said that he thinks it would hurt Republicans in the 2026 midterms if they didn’t pass the bill – but he also isn’t convinced that it’s good as it stands.

‘Will this bill be bad for the Republicans prospects in the midterms? I guess what I would say to that is I don’t expect how you expect to do well in the midterms if Republicans preside over the largest tax increase in decades,’ Sacks said.

‘If we don’t make those tax cuts permanent, then you will accomplish what Joe Biden could not, which is raise taxes on the American people.’

Then Trump donor and Canadian-American venture capitalist Chamath Palihapitiya said in a Friday episode of their podcast: ‘Traditional Republicans and traditional Democrats [are] circling the wagon and putting on a platter a set of things that I think will be hurtful to average Americans.’

He excoriated the BBB by claiming: ‘You’re going to see energy prices spike, you’re gutting the number of electrons that will be available for things like AI. You’re going to increase Medicare prices. And the math is wrong.’

‘This thing is an albatross,’ Palihapitiya insisted. ‘And I think, unfortunately for President Trump’s agenda and for a MAGA movement, this is the worst of all conditions. The financial markets will punish us.’

Trump’s Chair of the President’s Council of Advisors on Science and Technology David Sacks in the podcast gave more leeway to the bill.

The Artificial Intelligence (AI) and crypto currency czar still slammed the House for not getting in the final version a provision that codified the Department of Government Efficiency (DOGE) cuts into law.

Republicans have only a three-vote majority in the House, meaning they have very little wiggle room when it comes to getting controversial pieces of Trump’s agenda shoved through the lower chamber.

Sacks said of the bill: ‘Do I wish it cut spending more? Yes.’

‘I mean, do I wish that it made all the DOGE cuts permanent through recision? Yeah, absolutely,’ he continued. ‘I think it’s outrageous that there were enough House Republicans who didn’t want to back up DOGE that it wasn’t enacted.’

The House passed in a 215-214 vote is a major milestone for the White House and Republicans in Congress who have spent the entirety of the new administration crafting the measure’s specifics.

House Speaker Mike Johnson defended the bill on Sunday.

He called on Senate Republicans to fall in line and said passing the bill in the upper chamber is a ‘critically important thing to do.’

‘It does not mean that we’re going to spend more money,’ he insisted on Fox News Sunday. ‘We’re extending the debt ceiling to show to creditors, the bond markets, the stock market, that the Congress is serious about this.’

‘President Trump is dialed in 100 percent. He is a visionary leader. He does not want to spend more money. And he has the same concern about the national debt that Rand Paul and I do.’

But several Republicans in the Senate say they are not happy with the bill as it stands.

Sen. Rand Paul (R-Ky.) has been a vocal critic of the bill and said on Fox News Sunday the cuts are ‘wimpy and anemic.’

‘But I still would support the bill even with wimpy and anemic cuts if they weren’t going to explode the debt,’ he added.

Previously Paul said he was a ‘no’ on the House bill unless it removes the $4 trillion debt limit hike.