Clinton will curb her activist tendencies for another reason: Despite record-low interest rates, there isn't a lot of slack in the federal budget or public tolerance for big increases in the national debt. A serious infrastructure program will cost several trillion dollars, and Clinton might even have to buy off GOP hard-liners by agreeing to some modest defense increases. Republicans are bound to resist significant tax reform too, so there won't be a lot of new revenue to pay for her program.
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