Source: Reason
by Veronique de Rugy
“Yes, the ‘Big Beautiful Bill’ avoided a massive tax increase and includes pro-growth reforms. It also adds to the debt — by how much is debatable — and that’s before we get to the budgetary reckoning of Social Security and Medicare’s impending insolvency. Against that backdrop, it’s infuriating to see a $9 billion rescission package — one drop in the deficit bucket — met with cries of bloody murder. … Maybe we wouldn’t keep operating this way — pretending like minor trims are major reforms while refusing to tackle demographic and entitlement time bombs ticking beneath our feet — if we stayed focused on the question of what, considering the cost, we’re willing to pay for.” (07/31/25)
https://reason.com/2025/07/31/were-lying-to-ourselves-about-taxes-spending-and-the-debt/