By Mike Koetting September 29, 2021
I assume all readers of this blog are familiar with the current state of play in the massive infrastructure expenditures proposed by the Biden administration. In very short, the Senate agreed on a bi-partisan “hard” infrastructure bill with the idea, among Democrats at least, that a larger ($3.5T at proposal) “softer” infrastructure bill be adopted by House Democrats and be passed by reconciliation in the Senate to avoid a filibuster.
At present, both are stalled in the House over the size and contents of the total package and, as really a subsidiary issue, the process for moving forward. The stall in the House is caused primarily by a small group of centrist Democrats, reinforced by the specific threats of Senators Manchin and Sinema to not support a reconciliation bill that is $3.5T should it get to the Senate. Their argument, made by Joe Manchin in a Wall Street Journal op-ed, is that we can’t afford this much infrastructure.
While I’m reluctant to make iron-clad pronouncements about the future, I think the odds are pretty good that they are just wrong. Also, since it doesn’t require as much future gazing, I think the odds are even better they are not being precisely honest about their motivations, perhaps to themselves as well as the voters.
Continue reading ““Affordability” of Infrastructure Bills Is a Smokescreen”

