Quotes for This Week

Oct 18, 2021, Jim Tankersley, White House correspondent for the New York Times, in article appearing in the paper’s Political section, while discussing the scaling back of President Biden’s ambitious social agenda, stated:

“Fiscal hawks in Washington say Democrats could make choices to make the bill more fiscally responsible, such as including only permanent programs that are offset with permanent tax increases. But they say even that might not be enough to make the bill “affordable,” because Mr. Biden and his party would be dedicating new revenues to new programs when the U.S. population is aging and rising costs for Social Security and Medicare are projected to increase deficits. They fear there is a limited number of tax increases that lawmakers are willing to approve”