(TargetLiberty.org) – President Joe Biden’s Republican critics can add a poor understanding of math to all the other things confusing the chief executive. On Saturday, Biden claimed multi-trillion-dollar spending packages don’t cost anything. Not everyone seems to agree.
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.
— President Biden (@POTUS) September 26, 2021
In a September 25 tweet, President Biden claimed, “My Build Back Better Agenda costs zero dollars.” In fact, it’s centered around a mammoth $3.5-trillion spending bill. Biden says his plans won’t increase the national debt, but the Committee for a Responsible Federal Budget found that to pay for them, the US would need to immediately borrow $1 trillion, with a total of $3 trillion in extra debt over the next decade.
Biden argues the plan will be free because we’ll be “investing” in America instead of “wasting money on tax breaks.” This argument relies on an old left-wing trope: somehow, money the government doesn’t collect in taxes becomes a cost. Many Conservatives, however, would argue that this isn’t true. The question is, will Biden fool America?
Unfortunately for Biden, it seems the answer is no. His tweet immediately generated criticism, with former Utah congresswoman Mia Love (R) tweeting a blunt message, “This is simply not true.”
This is simply not true. And it’s a perfect example of why Americans don’t trust leaders in Washington. https://t.co/pdWm1EfBD7
— Mia Love (@MiaBLove) September 26, 2021
The Progressive Democrats may agree with Biden’s questionable claims about the spending plan, but it doesn’t look like they’ll be enough to convince the Moderates and Republicans.
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