The WSJ "Con"Job
- Joe Carson
- 23 hours ago
- 1 min read
This is extremely embarrassing and a deceptive act by the WSJ editorial team. The current budget baseline relies on what is explicitly stated in the tax code, not on assumptions. According to the existing tax law, individual tax rates are set to return to pre-2017 levels in 2026. That is a fact. Where is written that "Congress was never going to allow" individual tax rates to revert back to pre 2017?
If the "Big Beautiful Bill" (BBB) is projected to save $500 billion over the next ten years, as stated by the WSJ editorial team, then why does the BBB include a provision to raise the debt ceiling by $5 trillion? The WSJ editorial team, similar to members of Congress, is currently engaged in using deceptive "budget math".
However, this will not fool global investors or credit rating agencies, who will soon confront a US debt approaching $50 trillion.