This week, editors Peter Suderman, Katherine Mangu-Ward, Nick Gillespie, and Matt Welch critique President Donald Trump's proposed tax legislation and its fiscal irresponsibility, discuss the national deficit and credit rating downgrade, examine the media and political cover-up of former President Joe Biden's cognitive decline, and highlight the broader consequences of institutional failure and partisan denial.
0:00—"Big beautiful bill" breakdown
2:21—The MAGA (Money Account for Growth and Advancement) baby account boondoggle