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But we saved everything 🙂.
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.
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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.