If Democrats Really Want a Smaller Spending Bill, They’ve Got a Lot of Cutting to Do

Upshot: As Democrats in Congress debate how to pare back their big social spending bill — to a total budget increase of less than $2 trillion over a decade — they have even further to go than it may appear…. All the new spending and new tax cuts and credits in the bill add up to closer to $4.7 trillion over a decade, the result of an ambitious agenda and some optimistic thinking about the pricetag (NYT).