Joe Biden’s big celebration just got ruined.
Biden faced a curveball that could cost the Democrats dearly.
And Joe Biden learned an ally just betrayed in a big way that no one actually saw coming.
The House of Representatives passed a nearly two-trillion-dollar socialist spending bill that creates new welfare schemes and imposes the job-killing and tax-increasing Green New Deal.
Biden sold the socialist scheme to the public as supposedly costing “zero dollars.”
“My Build Back Better Agenda costs zero dollars. Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America. And it adds zero dollars to the national debt,” Biden posted on social media.
Anyone possessing even an ounce of common sense knew that was untrue.
A bill that costs nearly two trillion dollars does not cost “zero dollars.”
But Biden and the Democrats created an inflationary spiral with nearly two trillion dollars in spending for a blue state bailout bill this past March and now Democrats face strong economic headwinds heading into 2022.
Biden wants to gaslight the public into thinking the government spending trillions of new dollars it doesn’t have won’t boost inflation at a time when the American people suffer from increased prices across the board.
But the Congressional Budget Office – staffed with bureaucrats Biden assumed would be loyal to him – ended that charade with a report showing that Biden’s socialist spending bill will pile $367 billion on the deficit over the next decade.
“CBO estimates that enacting this legislation would result in a net increase in the deficit totaling $367 billion over the 2022-2031 period, not counting any additional revenue that may be generated by additional funding for tax enforcement,” a Congressional Budget Office press release declared.
But even with the numbers staring the American people right in the face, press secretary Jen Psaki kept up the lie.
In the press briefing Psaki claimed the Congressional Budget Office underestimated how much money the army of 87,000 new IRS agents the bill created could wring out of taxpayers.
“Jen Psaki confronted about Biden lying about the Build Back Better not adding ‘one cent’ to the deficit. ‘It is true,’ she replies, citing ‘several economists’ and claiming that CBO can’t score the bill to assess increased IRS enforcement,” Breitbart’s Charlie Spiering reported.
Joe Biden and the Democrats do not care what falsehood they have to tell to push this bill across the finish line.
Biden clearly did not tell the truth when he stated that the socialist spending bill would cost “zero dollars.”
But that isn’t the point.
Just passing the bill for the sake of passing the bill which will create new welfare entitlements and cripple the American energy sector in the name of fighting so-called “climate change” is the real goal.
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