The budget gambit Democrats are embracing to fast-track President Joe Biden’s $1.9 trillion pandemic aid plan will trigger billions of dollars in cuts to critical programs.
Top Democrats are already shrugging off the threat, insistent that Congress will once again act in time to head off the slashing to programs like Medicare and farm subsidies — a byproduct of using the reconciliation process. But in that high-stakes trust fall, Democrats will be relying on the Senate Republicans they are now spurning.
And the other side knows the gimmick and we end up in the pits trading earmarks anyway. It is a dragged out process, and the 'go big hit em with a shock' trick will not work. And Krugman will yap at us for not grabbing the hedge. A wash rinse and repeat.
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