02-07-2025
The big beautiful bill reveals the hollowness of Trumponomics
Briefing | The inglorious Fourth Illustration: Ricardo Tomás Jul 2nd 2025 | WASHINGTON, DC | 15 min read
I N GREEK MYTHOLOGY the chimera was part lion, part goat and part snake, but wholly monstrous. Despite its name, there is a chimerical air to the One Big Beautiful Bill Act ( BBB ), the Republican tax-and-spending plan lurching through Congress this week. It sutures to a body of government-shrinking Reaganism an appendage of populist Trumpism, both disfigured by carve-outs and fillips for individual lawmakers. It will menace the American economy for at least a decade.
Industrial capacity in peacetime is no longer necessary for success during war
Assessments vary wildly and it is impossible to know for sure
But its impact is uncertain
Much hinges on the stubborn supreme leader and America's mercurial president
If it fails the regime could make a frantic dash for a bomb
Trump calls for Tehran to 'immediately evacuate'
