Say what you like about Elon Musk; he's right about the Big Beautiful Bill. This legislation, which was approved by Congress on a party-line vote, will increase the national debt and lead to recession.
Ignoring the nation's mountainous national debt that grows larger by the day, Trump and the Republicans approved a 1000-page bill that does nothing to balance the national budget.
Democrats unanimously opposed the bill, putting them in a position to say "We told you so" when the American economy collapses. Nevertheless, they shrilly denounced the bill's modest cuts to Medicare and the food stamp program. Senator Elizabeth Warren, growing more deranged as she ages, repeatedly yelled "People will die" as a result of the bill's passage.
The United States, like Ernest Hemingway, is going bankrupt, slowly at first, "then suddenly." We're in the slow stage now, and no one knows when our economy will suddenly collapse under unmanageable debt.
However, that day is coming when no one wants to buy U.S. Treasury bonds. We don't know when our house of cards will implode, but I predict it will be during Donald Trump's presidency.
The Democrats will smugly explain that our coming Great Depression is due entirely to Trump's economic policies, and he will be left holding the bag. Trump will take the blame for our coming economic meltdown, even though this catastrophe was decades in the making.
Put another way, Trump and the Democrats are playing musical chairs with the economy, but Trump doesn't know that's the game he's playing. The Democrats plan to have a seat when the music stops, leaving Trump outside the circle of inside players.
That being said, I'm glad Congress passed the Big, Beautiful Bill. It does nothing to get the nation's fiscal house in order, but at least it gives some tax relief to the people who need it most--older Americans and the struggling middle class.
In other words, people like me.