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[Bipartsan Policy Making American Way] In Praise of Smoke and Mirrors

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Subject: [Bipartsan Policy Making American Way] In Praise of Smoke and Mirrors
From: ltl...@hotmail.com (ltlee1)
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by: ltlee1 - Fri, 6 Aug 2021 12:25 UTC

"The politics were fairly obvious: Infrastructure spending is very popular, and a significant number of Republicans didn’t want to be seen as complete obstructionists. What wasn’t clear, however, was how the spending would be financed.
....
So how did they work this thing? Basically, they faked their way through; much of the supposed funding would come from accounting gimmicks. In particular, a lot of the funding would involve “repurposing” money from Covid-19 relief programs that ended up costing less than expected, while ignoring programs that cost more than expected.

You might say, in other words, that infrastructure investment would be paid for with smoke and mirrors. (The Congressional Budget Office agrees.) And that’s OK! In fact, it’s probably a good thing.]

https://www.nytimes.com/2021/08/05/opinion/infrastructure-bill-financing.html

Goodbye, cool world.

interests / soc.culture.china / [Bipartsan Policy Making American Way] In Praise of Smoke and Mirrors

Subject	Author
[Bipartsan Policy Making American Way] In Praise of Smoke and Mirrors	ltlee1