Kuala Lampur, June 5 -- In the theater of American politics, which is becoming ever more bizarre, few spectacles rival the audacity of President Donald Trump's latest legislative endeavor: the so-called "One Big Beautiful Bill."

This ambitious package, championed by the White House, promises sweeping tax cuts and increased spending, all under the guise of economic revitalisation.

True to form, President Donald Trump once again is peddling something big and bold despite the fact that the net effects are actually bad for the United States if not the whole world. How?

Beneath its gilded veneer lies a fiscal mirage that threatens to exacerbate the very issues it purports to resolve.

The Congressional Budget Office (CBO) projects that this...