It’s understandable, even laudable, that political leaders want to do big things that improve the lives of their constituents. And it’s good that they acknowledge the need to pay for what they want to do. But the cost of these big things must be faced squarely without political “no goes” or gimmicks that hide the cost and overestimate the savings.
The infrastructure bill failed this test. The reconciliation bill must do better. The biggest gimmick of all is claiming that something is paid for when it isn’t.