Friends, today the big, beautiful bill cleared a major hurdle: it won passage in the U.S. Senate. Now the onus is on House Republicans, who of course don't have many votes to spare... I have mixed feelings. The bill contains many elements that will boost the economy, but it's also very costly, and won't in any way advance the cause of fiscal conservatism. In fact, to twist enough senatorial arms to pass it, it was made even more costly, which is no surprise to anyone vaguely acquainted with how politics works. Elon Musk is as outspoken as ever about the bill's detractions, and Trump has retaliated by once again drawing attention to the federal contracts and subsidies that Musk's businesses rely on, and suggesting that DOGE might want to target them for cancellation. Long story short: the passage of the big, beautiful bill is a big political win for Trump, because he has invested so much capital, as it were, in promoting it. Is it, however, a win for the country? I could go either way on that question.
https://www.bbc.com/news/articles/clyzzzdj15vo
https://truthsocial.com/@realDonaldTrump/posts/114776149269773065
