Sen. Joe Manchin (D-W.Va.) has broke with his party, and Obama, to support spending cuts, a balanced budget amendment, and a limit of spending to 20.6% of GDP. This move is no doubt meant to stiffen Manchin’s fiscal conservative bonafides.
But is he? The spending limit does not have full effect until 10 years from passage. Also, we could make an argument 20% of GDP is still way too high. But there is one other big problem: Manchin supports a form of national health service. That sort of deflates any fiscal posturing he might make. In other words, Manchin is saying he wants to cut spending while supporting an idea/program that would be the largest increase in spending in America’s history.