Wouldn’t it be nice if Sen Sanders and other progressives pushing more deficit spending could grasp these concepts? Wouldn’t it be grand if the best long-term interest of all Americans, including future generations, took priority over political parties?
Many Americans want more, but few of us want to face the costs, the long-term liabilities or pay higher taxes.
Then, in statements and remarks Wednesday and Thursday, Mr. Manchin laid down markers that Democrats can no longer ignore. He won’t support more than $1.5 trillion in new spending. He says “social programs must be targeted to those in need, not expanded beyond what is fiscally possible.” He’s willing to raise some taxes, but nothing like what’s in the $2.1 trillion House Ways and Means bill.Wall Street Journal 10-1-21
“What I have made clear to the President and Democratic leaders,” Mr. Manchin said in a statement, “is that spending trillions more on new and expanded government programs, when we can’t even pay for the essential social programs, like Social Security and Medicare, is the defintion of fiscal insanity.” He’s right.Wall Street Journal 10-1-21