Squaring the Circle, BBB Edition

At his victory celebration yesterday, Trump couldn’t help boasting about the size of the cuts to the safety net; after all, everything he does is by definition the biggest and greatest in history. Having suddenly realized that the cuts will have a huge impact on millions of his voters, he then insisted that nobody would feel them. Does that make sense?

Obviously not, unless you assume that the federal government just burns hundreds of billions of Medicaid and SNAP dollars in huge bonfires every year. Even if you believe that the cuts are only intended to address waste and fraud, they’re going to hurt the wastrels and the fraudsters.