Subject: Re: Structural Goods Recession

There is a huge business and food industry constituency that needs SNAP aside from the actual recipients of the SNAP benefits.

It's the same thing with the free cheese in the 1980's, subsidized lunches in schools, and so forth.

Yes, there is a constituency for food. A constituency for insurance. A constituency for oil and gas. A constituency for house building. A constituency for tax cuts. Trying to provide government subsidy for every constituency is the sort of pandering that makes for $1T deficits.

The tariffs, which were supposed to offset some of the "JC" tax cuts, didn't poll well, so some are rolled back.

Tariffs will cut deficits by $1 trillion less than expected, CBO says

https://www.axios.com/2025/11/...

oops. Now what?

Steve