Posted on 10/28/2021 10:22:55 AM PDT by Mount Athos
Welcome to the gimmick Olympics, where progressives are using classic accounting tricks to hide the true cost of the bill.
Instead of producing legislation that truly costs $2 trillion over the decade, lawmakers are crafting as much as $4 trillion worth of new initiatives, but simply using fake expiration dates to score only a few years of each proposal. The idea is to create new federal programs, hook the constituencies on new federal benefits, and then assume that future Congresses and presidents will not dare to allow them to expire.
The White House has reportedly proposed three- to four-year expiration dates for other initiatives such as paid family leave, Medicaid expansion and new ObamaCare subsidies. A proposed new child care program — which a study by the left-wing People’s Policy Project shows could raise child care prices by $13,000 per year — would reportedly phase in slowly and expire after a few years. On the other side of the gimmick window, a new Medicare dental benefit would be delayed until 2028, and then have its costs jump once outside the 10-year scoring period.
These fake expiration dates could set the stage for $2 trillion in policy renewals that are not included in the original cost of the reconciliation bill. So $2 trillion becomes $4 trillion, and then combines with the March stimulus law ($1.9 trillion), infrastructure bill ($550 billion), and 10-year cost of higher discretionary spending ($1 trillion) for a total of $7.5 trillion in legislation enacted in one year.
Biden and congressional allies absurdly claim that this legislation would cost “nothing.”
(Excerpt) Read more at nypost.com ...
The Democrat Party motto is “Death to America.”
And the Repubs are falling for this?
falling for it?
Obozo and company who are running the Biden Crime Family needs to get the phony infrastructure passed to try and offset the deep recession that is coming. They have destroyed the strong economy Trump built in just a few weeks now they need free money to stop the deep deep slide the US is heading for. It’s possible that martial law will have to be declared next year, ergo, no election, we are stuck.
Bring on bankruptcy. Its the only way to fix government now.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.