Joe Biden Is Starting to Sound Hawkish About the Deficit. Uh-Oh.

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Some bad old Democratic habits sound like they’re making a comeback.

has been that while permanent new spending programs should be paid for, it was OK to borrow for temporary ones. That seemingly left some flexibility on how to cover the cost of one-time investments like infrastructure.I asked the White House whether the president’s position had changed and if he would be adamant that his entire package be deficit-neutral. Its answer, in short, was no.

“The President is open and willing to find a path forward with Democrats and Republicans to make historic investments in infrastructure and create jobs and the only red line he continues to have is inaction,” an official, responding on background, said in an emailed statement.

 

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