Evaluating the "Big Beautiful Bill," NATO rearming, and more.
Thursday Reads
July 3, 2025
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The Big, Beautiful Bill Has Many Big, Ugly Problems
by Milton Ezrati
Trump’s “big, beautiful bill” avoids steep tax hikes, but worsens deficits, all while ignoring the real budget threat: unchecked growth in Social Security and Medicare that drives long-term fiscal strain. Read it here.
NATO Quadruples Its Missile Defenses to Counter Russia
by Tomáš Nagy
Beneath the 5 percent defense spending pledge lies NATO’s most significant strategic pivot since the end of the Cold War: an ambitious overhaul of its air and missile defense architecture. Read it here.
Americans Will Regret Washington’s Oil Market Hubris
by General Carlton D. Everhart
Washington's oil market hubris risks repeating the mistakes of the past — and threatens national security as well. Read it here.
Lee Jae-myung Could Help Restart Trump-Kim Jong-un’s Relationship
by Daeyeon Lee
South Korea’s new president, Lee Jae-myung, has prioritized de-escalation with North Korea, creating a diplomatic window for renewed Trump-Kim talks amid global instability and stalled US efforts elsewhere. Read it here.
Why the Trump Administration Should Recognize Somaliland
by Alec Birnbach & Benjamin Fogel
Recognizing Somaliland is more than a moral imperative for the United States. It is also a strategic opportunity. Read it here.