The BBB is just more of the same foolishness that has gotten the U.S. into so much trouble. From Doug Casey at internationalman.com:
International Man: Trump’s so-called “Big Beautiful Bill” involves massive government spending—how do you see that impacting the already unsustainable US national debt, and is there any real distinction between that and the kind of spending we saw under Biden?
Doug Casey: It’s ironic that the “Big Beautiful Bill” has the same initials—BBB—as Biden’s “Build Back Better.”
I haven’t read all 887 pages of the bill. And I suspect very few Congress critters have either; it’s something only a lawyer or a lobbyist might do. But I have read analyses and summaries. It’s clear that it’s just a hodgepodge, a conglomeration of notions and pork. Nothing new, just like almost every other bill that’s come out of Washington, DC, for many decades.
There’s very little to recommend it if you’re concerned about freedom and prosperity. It’s essentially 887 pages of additional things you must do, and must not do, with penalties for non-compliance, and new taxes to fund it all.
Trump’s utter lack of a philosophical core is increasingly evident. I’ve come to the conclusion that, other than his entertainment value, troll-like sense of humor, and not being Kamala Harris, the only consistently good thing about Trump is his anti-woke stance. And he’s not anti-woke based on philosophical principle, but just because of his gut feelings.
The bill doesn’t just raise spending and taxes, it creates chaos, adding complexity through new mandates and cutouts. Typical of narcissists, much of what Trump does will wind up making enemies everywhere, for no good reason. But he doesn’t realize that. He’s what’s known as a bullshit artist. He thinks his glib words actually pull the wool over people’s eyes, when all they do is expose him as a shallow conman.
