Friday, November 19, 2021

CBO Proves the Biden Administration Is Lying on Multiple Fronts; Biden’s Truly Reckless Spending Will Likely Be His Undoing; 6 Ridiculous Budget Gimmicks In House Democrats’ ‘Build Back Bankrupt’ Spending Spree, and related stories

AP Photo/Evan Vucci
CBO Proves the Biden Administration Is Lying on Multiple Fronts:
The nonpartisan Congressional Budget Office has effectively declared that President Joe Biden, Co-President Ron Klain, and Speaker Nancy Pelosi are liars.
Coincidentally avoiding discussion of catastrophes in the Middle East and along our southern border, Biden, Klain, and Pelosi have long insisted their Build Back Better social welfare boondoggle “costs nothing.”
Sane counter-arguments from sentient conservatives, explaining how the bill costs way more than nothing, have proven correct. --->READ MORE HERE
Photo: Alex Wong/Getty Images
Biden’s Truly Reckless Spending Will Likely Be His Undoing:
News flash: Prices are going up. They are going up broadly across many products and services. And they are going up quickly. Inflation is here. It’s already bad, and there are many signs that it could get worse.
In the wake of this news, President Joe Biden has announced that he’s committed to continuing with his massive new government spending program. It’s hard to overstate how crazy this is. The good news for Republicans is even amid all their problems and disarray, with his reckless and rigidly ideological spending plans, Biden may soon be passing them political power. The bad news for America is we are all likely to suffer from it in the interim.
The federal government is on an unprecedented spending binge. Even before Biden took office, the government passed COVID-19 emergency spending bills totaling $8.3 billion, $192 billion, $2.2 trillion, $484 billion, and $868 billion. Some of this was justifiable. COVID-19, and the government restrictions that came with it, devastated many businesses. But much was also wasted.
By the time Biden took office, there were signs that the economy was beginning to recover. There were also signs that the direct payments and enhanced unemployment benefits included in the COVID-19 spending bills were reducing the incentive for Americans to go back to work. They would make more staying home and collecting benefits.
On top of this, the federal government was passing emergency spending bills faster than they could even spend the money. With a full $1 trillion in prior federal emergency relief still unspent upon his taking office, Biden nonetheless pushed through the so-called American Rescue Plan, an additional purely partisan $1.9 trillion COVID-19 spending package. --->READ MORE HERE
Follow links below to related stories:

+++++6 Ridiculous Budget Gimmicks In House Democrats’ ‘Build Back Bankrupt’ Spending Spree+++++

Cost of Democratic spending bill would double if temporary provisions extended, budget watchdog says

‘Build Back Better’ plan to repeal rebate rule would saddle seniors with higher drug costs

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