“If budget reconciliation is like taking the express lanes on a highway (there’s extra rules and tolls, limited stops, but it gets you to where you want to go faster), using a current policy baseline for taxes is like slapping a fake license plate on your car.”
“It’s like taking an expensive week-long vacation and then assuming you can spend an extra $1,000 per day forever since you are no longer staying at the Plaza.”
“Last year, despite being deeply in debt, I bought a $100,000 sports car. So next year, buying another $100,000 car is not irresponsible because I am merely spending the same amount of money as the year before. And if I purchase “only” a $70,000 car, then I should be congratulated for reducing my annual spending by $30,000.”
“Your daughter is graduating from college. You have been paying for her education, so you are expecting to have a big improvement in your budget. However, after graduation, your daughter announces that there’s no need for her to go find a job, since covering her expenses is just a continuation of the ‘current policy.’”
“It’s like getting an F on an assignment, but then the teacher applies a curve so the grade written on your paper might say you passed, but you still did poorly on the assignment.”
“A current policy approach is like if you signed up for a Crunchyroll anime subscription that you knew you couldn’t afford, but now that it’s time to re-up the subscription, you pretend it’s free because you’ve already been paying it.”
“It’s like winning $50 at a poker table today and saying you’re ‘up’ without acknowledging that you lost $500 each of the previous 5 days.”
“Your spouse decides that they’re willing to spend $900 for three months of an Equinox gym membership so they can get in shape. But when the three months ends, they tell you that continuing the gym membership is free since you’ve already been spending $300 a month.”
“Current policy is like being born on third base and thinking you hit a triple.”
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