Someone needs to make Democrats pick which social programs to scrap, writes jonathanchait
The Congressional Budget Office published a report Friday measuring the cost of the Build Back Better bill as if all the spending it created were to be made permanent, rather than sunsetted, as much of it will be. The agency found the bill would, under those circumstances, increase the deficit by about $3 trillion.
At that point, Democrats needed to make some hard choices about which programs to prioritize and which to set aside for the next time they control government. Instead, they … didn’t. That’s why they ended up gaming the timing of their programs, essentially stuffing five pounds of sugar into a two-pound bag.
So Manchin’s expressed fear that the true cost of Build Back Better will simply be funded by borrowing is misplaced. So, too, is his worry that it will aggravate inflation. But the concern that the bill’s funding expires is very serious.
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