Biden said his plan would not cost American taxpayers a single cent. In spite of Biden's lies to the contrary, a scaled-back, democrat version of the CBO estimated the pork spending would add $160 billion to the US deficit in 10 years. After republicans called for realistic budget estimates the CBO adjusted the $160 billion to more than $3 trillion, a twenty-fold increase over the lying democrat figures.
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Democrats have used every trick in the book to make their Build Back Better Act appear less costly than it really would be. The Congressional Budget Office’s estimate using its ordinary budget-scoring rules (and including Democrats’ tax-enforcement provisions) projected it would add $160 billion to the deficit over the next ten years. ...
That’s why Lindsey Graham and Jason Smith requested an estimate from the CBO with all the programs made permanent. That’s how Democrats actually intend to implement Build Back Better in the long run, and there should be a CBO score that reflects that intent. That’s how the deficit impact balloons from $160 billion to $3 trillion over ten years.
The $3 trillion includes the effects of tax enforcement and interest on the debt as well. It’s a much better all-inclusive summary of the true cost of Build Back Better. And it demonstrates that Democrats packed $2.84 trillion worth of budget gimmicks into the version of Build Back Better that passed the House. ...
President Biden lied about the cost of Build Back Better immediately after the first CBO score came out, so don’t expect him to change his tune on the bill’s deficit impact. But between today’s inflation report and today’s CBO score, Joe Manchin should feel more confident than ever about telling his Democratic colleagues “no” on their progressive agenda.
The True Debt Added by Build Back Better: A Staggering $3 Trillion | National Review
Today’s CBO score ignoring Democrats’ budget gimmicks shows how massive the deficit impact of Build Back Better really would be.
www.nationalreview.com
Democrats have used every trick in the book to make their Build Back Better Act appear less costly than it really would be. The Congressional Budget Office’s estimate using its ordinary budget-scoring rules (and including Democrats’ tax-enforcement provisions) projected it would add $160 billion to the deficit over the next ten years. ...
That’s why Lindsey Graham and Jason Smith requested an estimate from the CBO with all the programs made permanent. That’s how Democrats actually intend to implement Build Back Better in the long run, and there should be a CBO score that reflects that intent. That’s how the deficit impact balloons from $160 billion to $3 trillion over ten years.
The $3 trillion includes the effects of tax enforcement and interest on the debt as well. It’s a much better all-inclusive summary of the true cost of Build Back Better. And it demonstrates that Democrats packed $2.84 trillion worth of budget gimmicks into the version of Build Back Better that passed the House. ...
President Biden lied about the cost of Build Back Better immediately after the first CBO score came out, so don’t expect him to change his tune on the bill’s deficit impact. But between today’s inflation report and today’s CBO score, Joe Manchin should feel more confident than ever about telling his Democratic colleagues “no” on their progressive agenda.
