A 4 trillion BBB bill?

[Tomconroy]

Steve Rattner is a Democrat and currently makes a modest living investing Michael Bloomberg's money for him. He had a column in the NYT the other day whose theme is that Joe Biden's three big bills are causing inflation. I didn't think much of the column so I won't link to it.
However the column did site to a study by some committee for responsible government that criticizes the House passed BBB for the use of budget gimmicks. The idea is that the bill projects revenue over ten years but spending costs over a much shorter period. I site this not for the reason that responsible government types do to oppose deficit spending. I don't have a problem with deficit spending in this instance.
I put up the link to show that they believe the spending involved (provided the spending provisions get renewed over the next decade) is in excess of 4 trillion dollars. So the proposed bill comes a lot closer to what Progressives had originally hoped for than people realize.

https://www.crfb.org/blogs/build-back-better-cost-would-double-extensions

Well, maybe I've got it wrong. It's late at night, I can't sleep so I start having these strange thoughts.

[Cicada]

1. US bonds cost 1.9% per year when inflation is 6%. Borrowing big is the smart move.

The inflation adjusted cost of government borrowing is negative. The bond markets are literally paying the US government to borrow money. We borrow a hundred but only have to pay back 90. So not spending massively now for wind Mills, solar power, new cleaner more efficient and soon less expensive electric vehicles would be stupid. All those will save money, not cost money. Plus we can buy them for 90 cents on the dollar.