Here we go again. This week, the Senate unveiled, honed, and passed its version of the “One Big Beautiful Bill Act,” and it’s a fiscal monstrosity. What was already an oversized mess in the House has been supersized into a $4 trillion ode to unseriousness. This isn’t tax reform. It’s a bipartisan piñata stuffed with […]
Funding for Social Security, Medicaid, and Medicare accounted for 41 percent of federal spending in FY 2024. The One Big Beautiful Bill Act, which is expected to add $3.9 trillion to the federal deficit over the next 10 years, aims to rein in some entitlement spending by implementing work requirements for Medicaid recipients. However, these […]
Domestic policy bill gets lambasted: “The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!” wrote Elon Musk on X, referring to the version drafted by Senate Republicans. This is basically Groundhog Day: The last time Musk critiqued his former BFFs in the Trump administration, […]
President Donald Trump continues to toy with the idea of going to war with Iran. “I may do it, I may not do it,” he told reporters at the White House Wednesday in response to a question about whether the U.S. would strike Iranian nuclear facilities.  The Wall Street Journal reports that on Tuesday the […]
For months, Republicans have argued that there’s a glaring flaw in various budgetary projections showing that deficits will significantly increase if Congress passes a major tax cut and spending package. The problem, as they see it, is that initial budget projections of major legislation—like those crafted by the Congressional Budget Office (CBO)—fail to take into […]