Senator Joe Manchin was right. In September, he suggested that Democrats “hit the pause button” on their massive spending plans. At that time, the Build Back Better bill was $3.5 trillion — an inflationary bomb just waiting to go off.Even after the Democrats cut the bill in half to $1.75 trillion, Manchin kept sounding the inflation alarm. He kept insisting that inflation wasn’t “transitory,” as Joe Biden still insists to this day. Manchin also asserted that it was fiscal madness to take on so much debt at this time.Manchin’s September op-ed in the Wall Street Journal summed up the danger.Those...
