BBB Borrowing is OK

While people are wringing their hands about Sinema's "No new taxes" stance on the Build Back Better bill, Paul Krugman points out that borrowing the money to pay for it is much less worse than not having it at all.

the Trump tax cut was just the latest in a long series of giveaways to the wealthy that were sold on false pretenses. And Sinema should be ashamed of herself for helping corporate interests perpetuate this grift.
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If the U.S. were to end up borrowing another $1.75 trillion, that would be over the course of a decade, not a single year — and the Congressional Budget Office projects total G.D.P. over the next decade of $288 trillion. So while it might sound as if we’re talking about huge deficit spending, the additional deficit would be only 0.6 percent of G.D.P., which simply isn’t a big deal.

In fact, given the arithmetic you might wonder why Biden ever wanted to raise taxes enough to fully pay for his investment agenda. The answer, I think, was more about the politics than the economics — that pitching his plans as deficit-neutral was supposed to reassure politicians who haven’t caught up with current mainstream economic thinking, and who still regard budget deficits as a major threat.
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We can deplore the corporate influence that may block some justified tax increases, but borrowing to invest for the future isn’t a bad thing in itself. Hey, businesses do it all the time. So Democrats should just go for it.