6 Ridiculous Budget Gimmicks In House Democrats’ ‘Build Back Bankrupt’ Spending Spree
The legislation contains almost as many gimmicks and budget tricks to hide its true costs as it does new entitlement programs.
By Christopher Jacobs
November 15, 2021
At some point in the near future—whether a few days or a few weeks—the Congressional Budget Office (CBO) will release a complete score of the spending spree legislation Speaker Nancy Pelosi, D-California, and House leaders introduced on Nov. 3. The document will represent the first complete CBO analysis of any of the multi-trillion-dollar spending bills that Democrats have spent the fall writing, then re-writing.
Two budgetary analyses suggest CBO could find the most recent version of the legislation increases the deficit. A Penn-Wharton analysis of the White House’s policy framework concluded it would spend $1.87 trillion over ten years while raising only $1.56 trillion, resulting in a roughly $300 billion deficit increase. (This analysis did not include family leave and other provisions Pelosi added back into the bill.) And a recent Committee for a Responsible Federal Budget analysis found that the House bill as introduced would spend $2.4 trillion while generating only $2.2 trillion in revenue, resulting in approximately $200 billion in deficit spending over the coming decade.
But even if CBO says the Democrat bill won’t increase the deficit, that doesn’t give it a clean bill of health—far from it, in fact. The legislation contains almost as many gimmicks and budget tricks to hide its true costs as it does new entitlement programs. Here are just some of the most egregious examples of the bill’s budgetary legerdemain.
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https://thefederalist.com/2021/11/15/6-ridiculous-budget-gimmicks-in-house-democrats-build-back-bankrupt-spending-spree/
