Impossible chart

Not Congress, the household or firm plans losses as we seemingly have planned according to the red.  Those red losses will be moved forward, to the near term as government contractors hedge their prices and contract conditions.  It is as if Congress said to its suppliers, you have two years to do business,then we cut you off, it can't work. For state transfers, the red line tells states they will be curtailed shortly, meaning the states will start cutting back early in anticipation.   In other words, the budget structure simply creates very bad terms of trade for Congress, all new plans will report much higher costs.

HT DeLong
That red line will be hedged early and often.  I guess that is why it is called the static estimate.