Costs rise to $7.8 billion in first half of 10-year window, David Ditch warns

Costs rise to $7.8 billion in first half of 10-year window, David Ditch warns
Ethanol subsidies and SNAP reform delay boost costs

A 10-year cost of $4.4 billion is projected, but $7.8 billion will be incurred in the first half of that period before offsets are back-loaded.

David Ditch criticized this approach, arguing that worsening deficits in the near term is not advisable. He identified subsidies for ethanol production and a delay in a SNAP reform as the main factors driving these costs.

Ditch has previously argued that the U.S. economy cannot sustain the rising costs of Social Security and Medicare, calling for policymakers to address the fiscal strain in a recent article. He has also noted that Social Security benefit-reduction reforms could lower debt-to-GDP more significantly than tax increases, according to a separate analysis. These views add context to his current criticism of deficit-expanding measures.

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