Reading this article, there is a line saying,
“I think what you’re going to see is the administration is going to put a pay-for on the table for at least some and maybe all of the infrastructure plan,” said Sen. Tim Kaine, D-Va. “If Team Biden makes a proposal, I’m sure we’ll make adjustments, but that’s a good way to start.”
Does that mean, considering the previous line, which says,
Aides suggest his proposals might not be entirely paid for, with some one-time spending increases offset by increased federal borrowing.
Would that possibly mean Biden administration might need to issue bonds (borrowing)?