Senate minority leader Chuck Schumer emerged from the White House this morning to report that President Trump had agreed to a $2 trillion infrastructure plan. Hallelujah! There’s just one teensy weensy detail to be worked out:
“The ball is in their court,” Schumer said. “We told him that, it was repeated over and over again, that unless he is willing to come up with the pay-fors for this large package, it will never get done, and he agreed. And so we agreed to meet in three weeks, the same group, and they would present what their pay-fors would be, and I thought that was encouraging.”
Let’s see. A $2 trillion project probably means $200 billion per year over ten years. So Trump has to either (a) raise taxes by $200 billion or (b) cut other spending by $200 billion or (c) resort to smoke and mirrors. Option A is, of course, a laughable impossibility, and Option B is no better with an election year coming up. So that means smoke and mirrors is the winner! I can’t wait.