The Greatest Financial Swindle of All Time
Stephen Moore
Posted: Dec 14, 2021 12:01 AM
One of the most popular provisions of the 1994 Contract with America was a rule requiring Congress to live by the same laws that families and businesses are subject to.
So, why doesn't Congress live by the financial and accounting standards required of the rest of us?
I'm speaking of the multitrillion-dollar Build Back Better law, a giant financial masquerade. No one knows what it costs. None of the Democrats in Congress who are hellbent on passing it seems to care. That may be because, as the House Budget Committee chairman has pronounced, "We can pay for whatever we want to pay for."
Uh-huh. Don't hire this man as your accountant.
The bookkeeping gambits in this bill are so brazen that it's hard to believe they think they can get away with it.
One of the tricks is to hide the actual cost by counting 10 years of revenue to pay for five years of new spending programs. But, amazingly, even with this sleight of hand, they can't make the numbers add up. Another is to assume that Congress can pass the most significant increase in U.S. history and it won't hurt the economy.
more
https://townhall.com/columnists/stephenmoore/2021/12/14/the-greatest-financial-swindle-of-all-time-n2600527
