From WSJopinion: Even if the bill shrinks to $2 trillion or less, the real costs will be far greater. Behold one of the greatest fiscal cons in history.
Democrats are grasping for ways to finance their cradle-to-grave welfare state, with the left demanding what they claim is $3.5 trillion over 10 years. The truth is that even that gargantuan number hides the real cost of their plans.
The bills moving through committees are full of delayed starts, phony phase-outs, and cost shifting to states designed to fit $3.5 trillion into a 10-year budget window that can pass with a mere 51 Senate votes. Even if the bill shrinks to $2 trillion or less, the real costs will be far greater. Behold one of the greatest fiscal cons in history.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Schumer, Pelosi announce 'framework' to pay for $3.5T infrastructure billDemocratic House and Senate leaders announced they and the White House have reached agreement on a 'framework' that will pay for most, if not all, of the massive $3.5 trillion human infrastructure bill.
Read more »
Why Are There So Many Democrats to Joe Biden’s Right?Political necessity doesn’t explain moderate opposition to the $3.5 trillion Build Back Better Act. So what does? EricLevitz writes
Read more »
Analysis: Biden steps into Democrats' brawl to rescue his agendaAnalysis: While there was no evidence of progress toward a deal Wednesday, the president was tacitly acknowledging the $3.5 trillion budget bill would have to be cut back.
Read more »
Democratic Leaders Scramble to Find Areas of Agreement on $3.5 Trillion Spending BillDemocratic leaders are racing to find agreement around a roughly $3.5 trillion spending package to assuage concerns between the party’s dueling centrist and liberal factions, which threaten to derail a separate vote on an infrastructure package
Read more »
Schumer and Yellen announce agreement reached on paying for economic billSenate Majority Leader Chuck Schumer says Democrats have a 'framework' to pay for their $3.5 trillion plan, though it's unclear if moderates are on board
Read more »