I know you won’t believe this, but nonetheless, it’s true. The Brandon administration and Congressional Democrats are liars They have been saying that the $2.5 trillion dollar bill would not increase the debt, but the Congressional Budget Office (CBO) says it will add$3 trillion dollars to the debt. It is probably worse than that. The CBO has to use the revenue numbers that Congress gives them and doesn’t take into account that the rich will change their behavior when taxes go through the roof.
The Democrats played games with the bill in order to make it seem to be less expensive than it really is. The best example is all of the programs that allegedly sunset. But, in the stimulus bill, there were checks of between $250 and $300 per child. it was to sunset this month. But, now they are running around like chickens with their heads cut off that the checks have to be renewed or the country will collapse.
Treasury Secretary Janet Yellen tried to preempt news of the expanded budget analysis by sending out a Thursday night memo to lawmakers. She said President Joe Biden has vowed to pay for any extensions of the legislation’s provisions and that “it is inappropriate to judge this legislation based on an assumption that future acts of Congress won’t be paid for.”
“Tomorrow, the Congressional Budget Office is expected to release its analysis,” she wrote. “To be clear, this should not be confused with a score of the Build Back Better Act, which was already released. Instead, this analysis is of a bill that the House did not pass, the Senate is not considering, and the President — who has committed to paying for permanent investment — would not sign.”
Manchin has decried the early sunsets for several provisions in the legislation, calling them “shell games.” The new CBO score with permanent provisions, requested by Sen. Lindsey Graham of South Carolina, the top Republican on the Budget Committee, is likely geared toward trying to peel away Manchin’s support for the spending legislation.
“This is a recipe for economic crisis,” Manchin has said of the budgetary tactics.