One of These Things is Not Like the Others
- Oct 22, 2021 10:37 am GMT
I was thinking that I would not have time to write about what is happening on Capitol Hill, but it now appears that I can do that, as the rush to some kind of deal has slowed things a bit.
I think at this point everyone understands there are two Bills in play – Infrastructure and Reconciliation. It is the second one that I wish to comment on.
The situation you hear described is one where it is taken as a given that the number must be lower than the $3.5T originally proposed. The Democrats that are saying that number is too large seem to unfortunately be basing their objection on a gut feel of theirs, i.e. it just "sounds" too big. The Law of Round Numbers is in play.
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