CBO Report: Once You Take Out the Budget Gimmicks Democrats Used to Deceive the Voters and Joe Manchin, The #BuildBackBrandon Bill Would Add Three Trillion to the Deficit

The ten-year "Build Back Bolshevik" bill contains a lot of obvious gimmicks which pretend to reduce its cost -- just to deceive voters and to deceive Joe Manchin and Kristin Sinema.

The most obvious deception is that spending plan which originally were slated to go on for the full ten years contemplated by the bill suddenly end, for no reason, after one year or three years in the "slimmed down" bill.

This is obvious bullsh*t: everyone understands the leftists behind this catastrophe intend this spending to go on for ten years, and will extend the spending the first opportunity they have.

The claim that spending ends after one or three years is a, what's the word? Not gimmick; that sounds clever and even playful.

It's a lie. It's just a lie.

Democrats are pretending they brought the cost of the Build Back Bolshevik plan down from a $3.5 trillion to $1.7 trillion (what a steal!), but it's all a lie.

Correcting for those lies and other lies, the Congressional Budget Office scores the true impact of the Build Back Bolshevik bill as adding three trillion to the deficit.

Even pretending the silly lies in the budget were true, it would still add $367 billion to the deficit. It would not be "fully funded" or "pay for itself," as Democrats continue to lie.

The report from the budget office released Friday is a blow to President Joe Biden's efforts to push the bill through Congress, as it will add to fears that the spending measure would push the government further into debt and stoke inflation. Democratic Sen. Joe Manchin of West Virginia, in particular, whose vote Biden is counting on, has expressed such worries .

The initial scoring from the CBO only accounted for the legislation as written, sunsets included. The CBO first said the legislation would increase federal deficits by $367 billion over the next 10 years.

Socialist Treasury Secretary Janet Yellen fired off some communist propaganda in advance of the report, claiming "it is inappropriate to judge this legislation based on an assumption that future acts of Congress won't be paid for."

Well, if it is to be "paid for," then you mean there will be higher taxes -- so please tell us your plan for higher taxes, rather than hiding them.

An outside group pegged the deficit impact at nearly five trillion:

The Committee for a Responsible Federal Budget, which advocates for lower deficits, had previously projected that the final cost of the Democratic legislation over a decade with all temporary provisions made permanent would be $4.9 trillion -- much higher than Democrats have marketed.

Most of the Democrats' lies are intended for an audience of one -- Joe Manchin, who has said he he is uncomfortable with the "shell games" of dishonest sunset provisions that no Democrats intend to honor.

"This is a recipe for economic crisis," Manchin has said of the budgetary tactics.

Manchin does not believe in the fake sunset provisions on spending.

"One goes for three years, one goes for one year... one might go for the full 10 years, do they not intend for those programs to last the full 10 years?" Manchin asked. "Well if you don't intend for that to happen, what's the real cost? Because we're either going to debt-finance it if we're not going to pay for it or come back and change the tax code again."

He's already been concerned about inflation. Today's report will not ease Manchin's mind.

[I]nflation presents a growing political problem. Polling suggests voters are anxious over growing costs. Sen. Joe Manchin III (D-W.Va.) — whose vote, like that of 49 other Senate Democrats, is key to enacting Biden’s social spending bill — cited rising inflation as a reason to pause on some parts of the White House’s agenda.

“By all accounts, the threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse,” Manchin said in a statement Wednesday. “From the grocery store to the gas pump, Americans know the inflation tax is real and D.C. can no longer ignore the economic pain Americans feel every day.” Manchin was making a cutting reference to earlier claims by the White House that rising prices were a transitory side effect of the economy’s emergence from the pandemic.

His comments signaled a concern that more government spending could exacerbate inflation, alarming some Democrats that he would pull back from supporting the $1.75 trillion social safety net and climate package that is currently pending in Congress.

One thing that can counter-balance inflation is increased productivity. If people are producing more value per hour, then more actual value is present in the economy for dollars to chase. You don't just have more dollars chasing the same amount of value, but more value to chase as well.

So: Brandon could be helped if he oversaw an increase in productivity.

On the other hand, if you were both pumping out more Fake News Dollars at the same time productivity were crashing, and so you were printing more Fake Dollars which were thus chasing fewer goods and less value, you'd have the makings of a truly terrible inflationary spike.

So: Any guesses on that score, fellas? Any guesses as to which economic scenario this decrepit r@pist clown has engineered for us?

This would be funny if it were happening to an enemy country.

But an Enemy Regime is doing it to our country.

Enjoy the Biden Boom, everyone.

Stay safe.

Below, this absolute brain surgeon requests total silence in the operating theater as she attempts an unprecedented triple bypass of the frontal-medial garbanzo lobe.

posted by Ace at 05:28 PM

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