Democrats’ US election sweep brings the price of their promised social contract into focus

1. 核心事实剥离

• 事件本质：新一届民主党人把儿童与家长项目、全民医保，以及恢复 Medicaid、食品券和医保补贴支持带入政策执行阶段；真正可交易的变量不是福利承诺本身，而是赤字与国债供给、长期限风险溢价、医保支付规则及企业利润率。〔SRC:"One can sense the ambition of the bumper new crop of Democrats ushered to power last week, calling for support for programs for children and their parents; emphat