prospect | Pelosi rolled back student debt relief
in the HEROES Act after learning that it would cost $100 billion more
than expected. This was a $3.2 trillion messaging bill not designed to
become law, yet an additional 3 percent cost was considered
unacceptable. Pelosi also declined
to add “automatic stabilizers” that would maintain expanded benefits
until economic stress dissipated, blaming a Congressional Budget Office
scoring quirk that made the cost appear artificially larger.
So with over 30 million out of work, the important thing to Pelosi
was that her pie-in-the-sky, going-nowhere bill was “reasonable,” based
on some ineffable standard of reason. It matches the worldview of a
Democratic leader who, just two years ago, made a lugubrious elegy
on the House floor after the death of Pete Peterson, who bankrolled the
deficit hysteria industry for decades and relentlessly targeted Social
Security for cuts. (Ball does reveal that Pelosi told Obama during his
“grand bargain” talks that she would support his aims, “even if it meant
agreeing to entitlement cuts.”)
Devotion to deficit hawkery in normal times is unwise policy. It’s
downright fatal during an economic crisis, where relief could be yanked
away from needy families prematurely simply because of an unwillingness
to challenge CBO’s scoring model. But here we finally see the contours
of Pelosi’s governing framework, not just on the budget, but on
everything.
Pelosi believes that the nation’s resources are scarce, and what
sadly passes for the modern welfare state must be protected at all
costs, rather than raised to greater heights. The goal is, at best, a
less bad world than Republicans want. It’s a defensive crouch dating back to Pelosi’s initial entry into Congress under President Reagan, and it has dominated her thinking ever since.
Progressives who dream too big are to be sat in a corner, and
anti-government conservatives are to be bargained with and mollified.
Official Washington’s approval is craved. Pelosi hosts an annual ideas
conference at her own vineyard for a group of elite donors. That’s who
gets to scale the fortress she has built around her desiccated
ambitions. Her thoughts today on activism date back to something she
said during her first campaign: “Someday they will realize just how
insignificant they are.”
Pelosi demands total control; you can argue that she never groomed a
successor for this purpose, to keep everyone reliant on her. She finds
this to be the best method to gain leverage over the legislative
process. But to what end is this leverage employed? Pelosi fights
intensely to obtain power, but she seems to consider power so fragile
and fleeting that it shouldn’t be used for very much.
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