CBO demolishes another democrat lie
The Congressional Budget Office gave an honest estimate of Biden's "Build Back Better" plan last week. Sen Joe Manchin has long suspected that the plan’s advertised cost of $1.75 trillion over 10 years includes multiple budget gimmicks that disguise the real cost. The Penn Wharton Budget Model has scored the 10-year cost at about $4.6 trillion, yet Scranton Joe keeps claiming against all evidence that the cost is “zero.”
Sens. Lindsey Graham and John Cornyn, who asked CBO director Phillip Swagel to add up the cost of the bill that recently passed the House if all of its programs were made permanent. Democrats keep telling us that there are 18 social programs that will end in 3 years, but will be paid for in 10 years. Does anyone ever recall a social program that ever ended after 3 years?
Starting with the child allowance, which Democrats say will cost only $185 billion because it ends after only one year. No one believes they won’t extend it next year, and the year after that, ad infinitum. CBO says the real cost over 10 years is $1.597 trillion. That's only one program!
The CBO looked at it honestly as if these 18 programs were to become part of American life and determined the cost to be $3.477 trillion over 10 years to the total cost of the House bill compared with the $889 billion that Democrats claim those same programs cost under their gimmicky rules.
We need to keep calling out these blatant lies. People are being brainwashed into giving up their futures and the futures of their children.
And we need Joe Manchin to do what he promised.
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If this thing ever passes it will be another talking point for Republicans and yet one more cause of runaway inflation.
I was just watching CNN and they were talking about Biden's latest poll numbers.
On the economy, he is underwater, and yet the Dems continue to push for the very same spending that voters have clearly rejected.
Brilliant!
Haven't you been reading the posts from some of our fellow members?
Everything is great!
Yeah, I am sure that some folks actually think that.
Sad.
Apparently we do nothing but put out projection and denial s/
We have the best, this side of Jen Psaki!
A huge cause of runaway inflation then a recession at the same time. Stagflation here we come if it passes
Democrats have lied so long about the bill, I am not sure they even believe the crap they are hyping.
Pelosi says it will be "historic!" Kind of like when the Labour Party first took control of Britain.
Perhaps it will be the epitaph for her political career.
I'm hoping it will be a nasty slip on an Ice Cream cone.
I hear that the nasty witch is thinking about running for re election again. I can’t wait to watch her hand the gavel over to Speaker Trump or Mc Carthy
Maybe, maybe not. CNN claims that she's running again in 2022 ...
Oh, she'll run and win in THAT district. And then she will resign when she is no longer speaker and will have some considerable influence on Newsom in selecting her replacement.
This is why I don't bother with these threads any more.
The CBO put the Build Back Better measure’s deficit at $367 billion over the years 2022 to 2031 . But, Smetters noted, the CBO didn’t include revenue expected from increased IRS enforcement of tax laws.
I won't be back.
Amazing that you also overlook the fact that many of the provisions in the bill will be made permanent, and that Democrats only fund them for a short period of time to get a better score from the CBO. Once the CBO scored it accurately, the bill is deficit spending.
The reason that they only fund them temporarily is they know Republicans will never agree to continue the taxation for the programs. Much like Republicans put the penalty for not being insured under the PPACA to zero. The Democrats cried about it making the PPACA worthless; but never reinstated it. The PPACA survived without the mandate. Just like BBB spending will survive after the taxation is removed. Politicians don't care about the cost- they can always raise the debt ceiling; and print more money.
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Key word EXPECTED. Very tricky. I EXPECT to be making $250K a year next year.
Just like many of us didn't expect someone locked up in a cellar to garner 80 Million votes.
"Enhanced enforcement" still yields a 160 billon deficit, and that's with all of the budget gimmicks included.
There's no argument to be made that the BBB is deficit neutral, as Biden and others falsely claimed.
Well, of course they lied.
If they told the truth, even some members of their own party would complain!
BTW:
New York Times columnist Bret Stephens on Tuesday implored President Biden to not seek reelection in 2024 and announce his intentions as soon as possible so potential Democratic contenders could begin making preparations to replace him.
In a piece headlined, "Biden Should Not Run Again — and He Should Say He Won’t," Stephens, a conservative and strong critic of Donald Trump, argued that Biden's age, as well as his seemingly "uneven" cognitive state, needed to be candidly discussed because it wasn't healthy for him, his office, the Democratic Party , or the country to remain in limbo about what to do if he decides not to run.
That's quite a candidate they have in Biden!
What I don't understand is that if he got 80 Million votes last time why wouldn't they want to run him in 2024?
Because he never really did get them legitimately.
Washington Post has similar articles. It's stunning that in Biden's first year in office, the two major left wing newspapers who dragged him over the finish line have now thrown him under the bus.
“as well as his seemingly "uneven" cognitive state,”
what? WHAT?? No way! I have read numerous comments on this very site that said there was nothing wrong with dementia boy from a mental standpoint. Lol. Even other libs are starting to say what was very clear way back during the primaries. Biden’s noggin is rotting from the inside out.Anybody who doesn't’ see it has their head buried in the sand.
BREAKING : Senate approves sweeping defense bill http:// hill.cm/PYex4MQ
Pretty much the same place LOL
It seems that Biden has done another flip-flop. As Vice-President, he said that the CBO "The Gold Standard". As POTUS, Biden and his administration say that the CBO "fake" and "a joke".
Which is it, Joe? If you want credibility on the national and world stage, make up your mind and stick to it! You can't have it both ways.
Hey, now, haven't you heard?
Democrats are never guilty of flip-flopping, as Democrats ONLY "evolve"!