Author Topic: Surprise! Biden’s Spending Bills Will Not ‘Cost Zero Dollars’  (Read 101 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 386,110
  • Let's Go Brandon!
Surprise! Biden’s Spending Bills Will Not ‘Cost Zero Dollars’


Anders Hagstrom
White House Correspondent
November 15, 2021 8:18 PM ET


President Joe Biden’s administration is facing a daunting reality check after claiming for months that their spending agenda will “cost zero dollars,” with the head of the Congressional Budget Office (CBO) saying the White House drastically overestimated the revenue the IRS could gain by cracking down on tax loopholes.

Biden and numerous other senior Democrats in the White House and on Capitol Hill have repeatedly insisted that their $1.85 trillion social spending package will add nothing to the national debt. They argued the package included enough pay-fors to offset the spending programs. CBO chief Phillip Swagel brought that claim down on Monday, however, saying that the tax loophole crackdown in the bill would only garner $120 billion, a far cry from the White House’s projected $400 billion, according to The New York Times


https://twitter.com/WHCOS/status/1453713747718164484

The CBO, which is a non-partisan organization, is set to release its official report Friday. The White House is shoring up support and urging lawmakers to disregard the report ahead of its release.

more
https://dailycaller.com/2021/11/15/biden-spending-cbo-infrastructure-deficit/
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 10,710
  • Gender: Male
Re: Surprise! Biden’s Spending Bills Will Not ‘Cost Zero Dollars’
« Reply #1 on: November 16, 2021, 03:20:45 pm »

If was $0, there would be no need for enabling appropriation legislation.  Free stuff is found by the curb on trash day.  No Congress required.
"It doesn't matter what temperature the room is, it's always room temperature." - Steven Wright