For many months now, the White House and Democrats at large have repeated the obvious falsehood that Joe Biden’s “Build Back Better” agenda will cost “zero dollars.” In fact, the Treasury Department, led by Janet Yellen, has actually asserted that the bill lowers the deficit over the long term.
The bad news didn’t stop with those first CBO estimates, though. Today’s inflation report showed a 6.8 percent rate of growth, and Joe Manchin, who had previously seemed open to a $1.5 trillion compromise bill, has seemingly gotten cold feet. But it was this afternoon that the sledgehammer good and fully came crashing down on the weak knees of Biden’s agenda.
The CBO released another estimate that showed the true cost of the BBB bill after all the “temporary” programs in it are extended. That’s been the Democrat game. Just like with Obamacare, the Democrats wanted the BBB bill to be scored with more years of funding than programs. But that’s not how things work in the real world. So what’s the real number? You may want to grab a towel because it’s going to make your eyes water.
President Biden two weeks ago on possible BBB extensions: "Here is what those critics are not telling you. They’re not telling you that I’ve committed to paying for every single program that extended, if any are, in future legislation, whether that’s for a day or a decade."
— Ryan Struyk (@ryanstruyk) December 10, 2021
Over just ten years, the BBB bill would actually add $3 trillion more dollars to the national debt. As to Biden’s promise to pay for any future extensions, how is he going to do that? He’s blowing smoke up the collective backside of America and even the CBO, which bent over backward to fudge the numbers surrounding Obamacare, isn’t letting him get away with it anymore.
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