Posted on 12/11/2021 8:33:41 AM PST by Browns Ultra Fan
Call it “The Letter That Phil Swagel Wrote.”
The letter from Phil Swagel, Director of the Congressional Budget Office, sent a letter to Congress stating that
“The Congressional Budget Office and the staff of the Joint Committee on Taxation project that a version of the bill modified as you have specified would increase the deficit by $3.0 trillion over the 2022–2031 period.”
In short, members of Congress asked the CBO “What would happen if the programs in the bill would be made permanent (which they almost always are made permanent). The result? The Letter That Phil Swagel Wrote: Federal Deficits would increase by $3.0 trillion over the next 10 years.
The Center For A Responsible Federal Budget is even more glaring. The permanent cost of Build Back Better is $4.73 trillion … and a deficit of $3.01 trillion.
Here is all 2,466 pages of the Build Back Better Act (or Build Back Deficits Act).
The Penn-Wharton Budget Model estimates that — if Congress follows White House policy to make most provisions permanent — then Build Back Better will reduce the long-term GDP by 2.8 percent, reduce wages by 1.5 percent, and reduce work hours by 1.3 percent. The only thing it will expand is government debt, by 25 percent.
Build Back Badly?
(Excerpt) Read more at confoundedinterest.net ...
YIKES!!!!!
EVERY ONE of the Assistant Democrats that voted for the Trojan horse infrastructure bill KNEW they were enabling this bigger worse bill when they voted for it.
Dan Sullivan (R-AK) Shelley Moore Capito (R-WV) Mike Crapo (R-ID) Roy Blunt (R-MO) Richard Burr (R-NC) Deb Fischer (R-NE) Lindsey Graham (R-SC) Rob Portman (R-OH) Thom Tillis (R-NC) Lisa Murkowski (R-AK) Jim Risch (R-ID) Chuck Grassley (R-IA) Bill Cassidy (R-LA) Kevin Cramer (R-ND) Roger Wicker (R-MS) Mitch McConnell (R-KY) John Hoeven (R-ND) Susan Collins (R-ME) Mitt Romney (R-UT)
Plus these Assistant Democrats in the House: Van Drew, Katko, Bacon, YoungAK, Upton, Kinzinger, SmithNJ, Fitzpatrick, Reed, Gabarino, GonzalezOH, McKinley.
The Democrats needed GOP help and they got it.
We have to stop re-electing Assistant Democrats.
Apparently, we can afford it.
“ The only thing it will expand is government debt, by 25 percent.”
Au contraire! It will also expand the net worth of D.C. politicians and bureaucrats by at least that much.
2,466 pages ...... BIDUNG’S Build Back Better Act
(AKA THE BIDEN CRIME FAMILY BILLIONARE ENABLING ACT).
Inflation is just getting started, but it will be blamed on Trump, the Wuhan or we’ll be told it’s a good thing. Brandon’s contempt for the intellect of Americans is utterly staggering.
If the politicians aren’t paying for it they don’t care who can afford it.
Whatever they say it cost you can easily multiply by 3.
Biden cares nothing about the domestic programs...that just for the votes. He wants to kill the Fossil Fuel industry and all the economies that go with it and half a trillion is set aside for that.
All those jobs that go with it...they do "0" to change climate even a tad. The whole climate change gig is totally political...and there is no reality to it.
That is why Biden's handlers don't give a rip that his poll numbers are in the toilet, or if the Democrats get wiped out in 2022.
Because any attempt by a hypothetical GOP Congress to cut or eliminate these programs will be met with marches in D.C. by left-wing groups (and you can bet it won't be called an insurrection by the corrupt media) and by outrage by the corrupt media itself.
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But it won’t add a dime to the deficit!!! Joe has promised!!! Build Back Bullsh#t!!!
And like most big spending bills you will be left wondering what did you get for your buck (x trillions)?
The Penn-Wharton Budget Model estimated that if Congress follows cockeyed
Bidung’s policy to make most provisions permanent — Build Back Better will
<><>reduce the long-term GDP by 2.8 percent,
<><>reduce wages by 1.5 percent,
<><>reduce work hours by 1.3 percent.
The only thing it will expand is government debt
by 25 percent.....and all the Biden’s become billionaires
The reality is, no one cares about deficit spending. Neither party talks about controlling spending unless they are trying to score political points. We rarely ever see any cuts in spending. The only thing to decide is how fast should we rack up more deficits and they decide that based on how many pockets they can grease to get votes.
Will anyone actually ever pay off the national debt?
Not in our life time and probably not ever. At some point China and Japan take our land as payment.
But remember, Bidung said it’s all paid for upon passage......duh.
America is getting to a point where we'll have to be ruled by a Pinochet. But I think the preferred option is to have states like Florida to start the "nullification" movement
The FED has been (diplomatically) griping at govt about overspending for decades because that’s what puts the FED in a no-win box.
It takes real pain to slow inflation when money is wasted and nobody beats the govt when it comes to wasting money.
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