26 November, 2021

Shocker! It Doesn’t Cost Nothing!

It Doesn’t Pay For Itself | Power Line (powerlineblog.com)

The CBO estimates on Build Back Better are in. And they are, well, not good. Team Biden has been telling us that it won’t cost anything. Which was always stupid, but they claimed that since they raised taxes to pay for it and therefore it didn’t affect the debt any, it was free.

Well, even that laughable statement turns out to be untrue.

Sure enough, earlier today the CBO released an estimate that, as I read it, indicates the bill will increase the federal deficit by over $791 billion between 2022 and 2026, and $367 billion between 2022 and 2031. So much for paying for itself.

Joe Manchin, for one, has been pointing to the forthcoming CBO estimate as an important factor in evaluating the Democrats’ spending spree. We can imagine what he will make of $791 billion. And, given the inflation that has taken off over the past year and that already is being fueled by out of control federal spending, it is hard to imagine who would be so irresponsible as to advocate increasing the national debt by the amounts that the CBO suggests.

It is really hard to see Senator Joe Manchin (D-WV) voting for this monstrosity. Poor Dems. I know exactly how they feel Stupid centrists ruin it for everybody. Smile

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