...less than two months after he voted to blow out the deficit with the Trump tax plan...

But now that the massive 600+ page bill has been passed, what, exactly, is in it?

For starters, it includes increases in both defense and non-defense spending...

...which will raise the annual deficit to $1.2 trillion, leading to even higher 10Y yields at least until the next recession hits...

Some highlights from the deal include:

Raises Spending Levels

The deal would increase government spending by nearly $300 billion over two years. It would increase discretionary defense spending by $165 billion over the spending caps that have been in place since the 2011 Obama-era budget ceiling battle left us with sequestration.

Non-Defense Spending

The $131 billion hike in non-defense spending would include $20 billion for infrastructure spending and $6 billion to combat opioid abuse and other mental health crises that President Donald Trump has promised to deliver, but has until now been reluctant to do anything aside from label the abuse epidemic a national health emergency.